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Beveridge Appointed Joint Hull Committee Chairman

Maritime Activity Reports, Inc.

June 23, 2003

Effective July 1, 2003, the chairmanship of the Joint Hull Committee will pass to William Beveridge. The outgoing chairman, Simon Beale, will remain on the committee. "I have enjoyed my time chairing the JHC, but it is time for me to step down" explained Simon Beale. "William will make a first-class chairman. He combines a formidable intellect with a fresh approach." William Beveridge is currently the Hull Underwriter and Syndicate Deputy Underwriter of XL London Market Syndicate 1209 at Lloyd's.

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