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    Global Special Risks Announces Energy Insurance Underwriting Alliance with Chaucer Syndicate 1084

    Houston, TX. August 24, 2009 — Global Special Risks, LLC (GSR), a leading US excess and surplus lines broker serving the Energy industry and a unit of Faber & Dumas, the third-party wholesale insurance broker, today announced the formation of a strategic alliance with Lloyd’s insurer Chaucer Syndicate 1084. The two firms have joined forces to provide a more efficient underwriting platform for the primarily land-based oil and gas operators throughout North America.

    The product distribution network and high quality front-end services offered by GSR, which has offices in New Orleans, Dallas and Houston, will combine with the proven underwriting expertise of Chaucer Syndicate 1084. This new initiative will enhance the services of both firms to clients by streamlining quoting and policy issuance processes.

    Helen Tarr, located in the GSR Houston office, will represent Chaucer Syndicate 1084. Tarr, formerly of GSR, brings a wealth of experience to the Chaucer underwriting team. She is a graduate of the University of Bath, U.K. and has obtained her Associateship of the Chartered Insurance Institute. She has nine years of insurance experience, and commenced her career at Willis in London, where she spent two years in the Aerospace and Aerospace Reinsurance divisions broking to both underwriters at Lloyd’s and to international markets.

    Tarr then joined GSR in 2002, first based in London then relocating to the Houston office shortly thereafter, where she was responsible for placing Operator's Extra Expense coverage for GSR’s exclusive Upstream Energy insurance product, Wellsure� for numerous North American clients, while developing GSR's book of Canadian business.

    Rick Burns, President of GSR, said, “As our industry continues to evolve, this strategic alliance gives GSR the ability to offer the top notch products and services that our clients demand. Helen has a deep knowledge of our business and our clients and is ideally positioned to ensure seamless delivery of services.”

    Chris White, Head of Energy, Chaucer Syndicate 1084, said, “Our alliance with Global Special Risks significantly increases our US presence. It will enable us to service our existing clients directly from the US and to generate new business opportunities.”

    About Faber & Dumas

    Faber & Dumas provides specialist wholesale services in a number of areas including property, accident & health; fine art, jewellery and specie; kidnap and ransom, bloodstock; energy; construction; cargo and casualty lines. For more information on GSR, please visit: www.globalspecialrisks.com.

    About Chaucer Syndicates Limited

    Chaucer Syndicates Limited is the Managing Agency of Chaucer Holdings PLC, a specialist insurance and reinsurance group listed on the London Stock Exchange. Chaucer provides the capital and expertise required to underwrite business at Lloyd’s, the world’s leading insurance and reinsurance market.

    At the core of the business are Syndicate 1084, which underwrites marine, aviation, energy, property, specialist lines and motor insurance, and Nuclear Syndicate 1176. Syndicate 1084 is rated �A' (Excellent) by A.M. Best.

    For more information on Chaucer, please visit www.chaucerplc.com.


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