The Asian Structured (Re)Insurance Solutions Facility

February 2014

Agenda

• Introduction

• Principal Officer

• Structured (re)insurance solutions

• Facility structure & operation

• Contact details

AIH Underwriting Limited

• Independent, international (re)insurance Labuan Underwriting Manager

• Established by experienced professionals with a history of success in underwriting, risk management and capital markets across Asia, the Middle East, Oceania and Europe

• Structured to offer a flexible approach in a fast changing environment

• Firmly believing in our ability to find solutions across all classes of business, including difficult and complex (re)insurance risks

Operating within a Regulated Industry

• Fully licensed under the Labuan Financial Services & Securities Act 2010 (#US201226) and a Member of the Labuan International Insurance Association

• Domiciled in a professional and well-respected environment and appreciating absolutely the importance of strong corporate governance

• Suitable financial servicing and strict compliance controls in conjunction with our Labuan service providers

• TOBAs/Binding Authorities all modelled on standard London Market wordings

Our Approach & Core Values

• An independent specialist approach to underwriting, allied with the freedom of thought that is un-encumbered by the rigidities of corporate bureaucracies

• With long standing personal relationships built over many years as well as a network of trusted partners across the globe

• South-East Asian location gives access to all the major International markets whilst being active in the local time-zone

• Trusted relationships with all stakeholders including risk exposed clients, broking partners as well as our capacity providers

• Focus on maintaining continuity and mutually beneficial alliances • Extending independent bespoke service, backed up by personal

commitment, to clients who reward our services solely based upon our abilities to offer solutions

Principal Lines of Business

• Structured Solutions

• Extended Warranty – motor/electrical

• Marine Hull/Protection & Indemnity

• Credit & Surety

• FINPRO

Anthony Egerton MA MBA ACII Principal Officer

Managing Director - Affinity, Asia (2008-11) President, Asia-Pacific (2003-08)

Managing Director (UK/HK/NY) (1996-2003)

Divisional Director (UK/US) (1983-96)

• Expanded Lloyd’s Asia platform from two to 15 syndicates, winning

British Business Award for Financial & Professional Services 2007, British Chamber of Commerce

• Established Centre HK post-Asian Financial Crisis, developing one of the most active specialist structured insurance/finance teams in Asia, closing transactions generating US$150million of premium in first three years, several of which featured in consecutive holding company Annual Reports

Structured (Re)Insurance Solutions

• Managing the volatility in ‘baskets’ of risks across multiple year time horizons

• Single aggregate limit (& sub-limits) of liability over policy term

• Incorporating limited, but reasonably significant leverage (i.e. finite risk, not financial (re)insurance)

• Including risks where traditional market solutions are inefficient or unavailable

• Use of experience account mechanisms and substantial profit commissions to align interests

• Distribution via traditional (re)insurance broking channels, but also captive managers, structured financiers and investment/commercial bankers

• Tend to be non-catastrophic, non-correlated specific risks • Suitable for captive risk management and contingent capital,

or as ‘quasi-captives’

Facility Structure & Operation

• Backed by Kuwait Reinsurance Company (www.kuwaitre.com), which is rated A- (Excellent) by AM Best and BBB+ by Standard & Poor’s

• Binding Authority terms and conditions based on latest London Market Association wordings

• Individual proposals will be sourced/entertained/investigated fully

• Any potential ‘real deals’ will be structured and negotiated to assess their suitability

• Suitable risk models will be developed to allocate risk capital and estimate associated return levels

Contact Us

• Anthony Egerton – Principal Officer – aegerton@aihunderwriting.com – Mobile / HP + 6591281855

• Gerard L Pennefather - Chief Financial Officer – gpennefather@aihunderwriting.com – Mobile / HP + 6594873503

• Iain Herbert - Compliance Officer – iherbert@aihunderwriting.com

• Cheung Ngai Kay - Operations – nkcheung@aihunderwriting.com – Mobile / HP + 6594750740

Labuan Management Office

G/F Brighton Place

U0215 Jalan Bahasa

PO Box 80431

87014 Labuan FT

Tel: +60 87 442899

Fax: +60 87 451899

www.aihunderwriting.com