Seabright Sold

Enstar Group Limited (Nasdaq:ESGR) and SeaBright Holdings, Inc. (NYSE:SBX)  jointly announced August 27th that they have entered into a definitive merger agreement under which Enstar will acquire SeaBright for $11.11 per share in cash. The purchase price represents a 34.3% premium over SeaBright's closing stock price today of $8.27.

Seabright Holdings is the parent of Longshore and WC Insurer Seabright Insurance Company and MGA “Pointsure”.

According the their joint press release the acquisition is currently expected to close in the first quarter of 2013.

Read the full press release on Seabright’s website at http://investor.sbxhi.com/releasedetail.cfm?ReleaseID=702618

OSHA "Tool Shed" directive for marine cargo handling

WASHINGTON – The Occupational Safety and Health Administration on August 10th 2012  issued a revised directive* providing enforcement guidance for inspections of Longshoring operations and at marine terminals, also known as the marine cargo handling industry. The directive is aimed at eliminating workplace hazards in the industry by addressing updated requirements for personal protective equipment (PPE) and the safe operation of Vertical Tandem Lifts (VTLs).

According to the Bureau of Labor Statistics, seven workers died and more than 2,900 were injured performing marine cargo handling operations in 2010. OSHA is committed to reducing and eliminating these worker injuries, illnesses and fatalities by conducting focused interventions in the industry.

The new "Tool Shed" directive is available at http://www.osha.gov/pls/oshaweb/owadisp.show_document?p_table=DIRECTIVES&p_id=3349

CMIP Seminar - Houston,TX - October 15-16, 2012

St. Petersburg, FL, - LIG Marine Managers' sister company, LIG Educational & Consulting Services, in conjunction with the International Institute for Marine Insurance Studies, announces the next 2012 CMIP Seminar for those individuals working towards earning the Certified Marine Insurance Professional (CMIP) Designation.

The CMIP Designation is designed for agents, brokers, CSRs, Insurance Company Personnel, Underwriters or other insurance industry professionals who wish to expand their knowledge of the Commercial Marine Insurance industry. The CMIP Designation requires attendance at four 1½-day Seminars and successfully passing a short exam at the end of each Seminar.

The next CMIP Seminar, "Insuring Marine Employees", is being held October 15-16, 2012 in Houston, TX at the Sheraton North Houston Hotel. Topics for this dynamic seminar include "various exposures to Marine Employees" with practical "How to Guides" on properly insuring them, the essential policies and programs available to this sector, and delving into the tricky issues of "Payroll Allocation, Officer and Owner Exclusions, Common Endorsements: advantages/disadvantages, and Auditing techniques."

The speakers for these seminars include:
Ian Greenway, LIG President - Insuring Marine Employees

Richard Wood, Chief Operating Officer, Signal Mutual Indemnity Association - Mutuality in Longshore and P&I

Kenneth Baldwin, Chief Underwriting Officer, Travelers
- Protection & Indemnity

For more information and to REGISTER ONLINE, visit www.IIMIS.org

If you need further assistance, please contact Karen Tischler: KLT@LIGMarine.com or (415) 690-6214.