The Listing Committee of the Bermuda Stock Exchange (BSX) yesterday announced the approval of the listing of 800,000 common shares of FairBoss Corporation.

FairBoss was incorporated under the laws of Delaware on November 1, 2000, and through its wholly owned subsidiary, FairBoss Underwriters Inc., provides reinsurance and related reinsurance services specialising in Employment Practices Liability Insurance (EPLI), which is a form of insurance that protects employers from certain types of employee suits such as sexual harassment, wrongful termination and wage discrimination.

Through its wholly owned subsidiary Program Specialists, LLC the company assists insurance companies in the development and implementation of their program business. FairBoss is a registered trademark of FairBoss Underwriters while Program Specialists and Cambridge Risk are trademarks of Program Specialists LLC.

The listing of the common shares of FairBoss Corporation is sponsored by First Bermuda Financial Services.

The issue is being listed under the restricted marketing provisions of the exchange and is for securities that are aimed at qualified investors, individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability tests defined by the listing regulations of the Exchange.

J. Thomas Ramsey, chairman of FairBoss corporation said: "We are excited about this important step in the growth of FairBoss and our continuing relationship with the BSX."

James S. McKirdy, listings and compliance manager with the BSX said: "The BSX welcomes FairBoss Corporation to listing. FairBoss Corporation is the third insurance or insurance services company to list on the Exchange recently."