Specialty Cargo Insurance Broker Opens Doors-

Lloyd’s of London Now Available to U.S. Small and Medium Businesses

Agents and Brokers Can Offer Coverage for Supply Chain Risks

Barrington, IL February 12, 2009 - Chicago-area insurance broker, Corporation for International Business (CIB), announces the launch of cargo insurance (and related products) broker, Wyvern International Insurance Brokers, Inc. Wyvern gives small and medium businesses, agents and brokers convenient and cost effective access to Lloyd’s of London for international and domestic cargo insurance. Wyvern is a specialty cargo insurance broker that delivers personal service and competitive pricing to under served businesses with cargo risk exposures.

By launching Wyvern, CIB and Stephen W. Connor, President and CEO of Wyvern, capitalize on Mr. Connor’s 38 years in the cargo insurance industry. Most recently, Mr. Connor was with ACE where he was the southeast regional executive for the ocean marine, international casualty and global property specialty division – he also created and led the ACE National Logistics Industry Practice which provided a packaged solution of multiple coverages specifically geared to outsourced third party logistics providers. Earlier in his career Mr. Connor spent 20 years in the London insurance market where he led ocean marine businesses in the Lloyd’s of London brokerage community.

“I am delighted to join the CIB family of companies in launching Wyvern,” Steve Connor said, “Wyvern’s formation is an excellent adjunct to the enterprise and brings enormous value added and special services to our current and new customers.  Our business model enables us to deliver to our core base, the SME segment, extensive experience and knowledge in the niche, highly competitive pricing, broad form coverage among the widest available and a commission structure to our agents and brokers that’s often higher than that offered by the standard markets, all with no volume commitments or special appointment.”

With the addition of Wyvern International Insurance Brokers, Corporation for International Business expands its services for small and medium businesses that trade internationally. CIB and its insurance subsidiaries currently provide ATA Carnets, ATA Carnet bonds, US Customs bonds and cargo insurance to approximately 7,000 small and medium enterprises (SMEs) that import and export. The addition of Wyvern and Mr. Connor provides increased expertise and personal service to existing customers and the ability to extend that service to other SMEs and to insurance agents and brokers that need product expertise and direct access to the best cargo insurance market in the world, Lloyd’s of London.