Canal Insurance Hires Timothy J. Hogan as Chief Administrative Officer

December 15, 2010

GREENVILLE, SC – December 15, 2010 –  David J. Firstenberg, President and Chief Executive Officer of Canal Insurance Company, announced today that Timothy J. Hogan has joined Canal as Chief Administrative Officer.

Mr. Hogan holds a B.A. degree from Seton Hall University and has completed graduate studies at the University of Wisconsin-Madison. With more than 25 years of progressive management experience, Mr.Hogan has held several senior management roles at USF&G (nowTravelers Insurance) and Zurich Financial Services Group.  Mostrecently, Mr. Hogan served as a Managing Director for Boyden WorldCorporation, one of the largest global executive search firms, leadingtheir Insurance Leadership Search practice.

We are very pleased to have Tim in this important role, said Mr.Firstenberg. At Canal, Tim will work to align and integrate Canal’sculture, operations and technology with our changing business model. Tim will lead this transformation through collaborating with oursenior business leaders and by learning our business from end to end.

Canal Insurance Company

Established in 1939 and headquartered in Greenville, South Carolina,Canal Insurance Company is recognized in the industry as a stable,responsive and financially strong insurer of commercial truckingoperations. For more information, please visit www.canalinsurance.com.