“They did not know it was impossible

so they did it.” Mark Twain

EDITO

They were many, the pioneers in the automotive sector at the beginning of the last century. Today, only a few of them survived to the hard laws of the market. One does not learn by comparing, but…My first luck has been that I was born (professionally) in the Internet age. It was making everything faster, more accessible, more transparent, easier, but still we have to remain good in what we do... always and everywhere otherwise...Then luck struck a second time, at that time, insurance was dusty, procedural, rigid and misunderstood. A facelift could not harm the sector and the internet helped us considerably.

Also, I had a lot of dreams worth believing, one dream being to create a network. A network in which information could circulate permanently, in which anyone could share its experience about risks to insure, with the aim to withdraw grey areas as much as possible. The dream to have a beautiful tool enabling the job to be done perfectly, where customers and partners feel secure, where one can feel passion, fervor and the desire to help and serve on a daily basis. The dream to be ever present and to be there to pay claims quickly and easily because the contract was well written and well thought out. The dream to be in a position to never refuse an insurable risk thanks to the trust built between customers and partners and thanks to the spirit of a company that looks ahead.

Today, after more than 20 years of commitment to this great business, a great deal of these dreams have come true thanks not only to luck, but also thanks to you, our customers, partners, and all those who work day after day around me.

Today we have expanded our business to over 30 countries and we have insured more than 100,000 risks (movies, events, horses, promotions, jewelers, exhibitions, works of art and collections, political risks, ticketing, E&O and D&O, sports events, etc

Today, we have developed a distinctive culture that we share between partners and with our clients. Transparency, accessibility, creativity, speed, confidence, reactivity, solidarity, autonomy, ... What a nice business !And tomorrow, we want to continue growing, not just for the money or for the glory, but essentially for the pleasure of developing beautiful products, efficient procedures to improve what exists and most importantly to see “The Circles Group family” grow.The revolution is going on, but it’s not finished...join us.

Olivier Héger CEO and Founder

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OUR PROFESSION :

An Insurer-underwriterWe have developed a unique technology that allows online underwriting of special risks. It is a pow-

erful tool allowing, in a few clicks, to obtain the price and the best coverages. We have enriched this

underwriting program with a powerful online management tool: it provides realtime information on

insured risks, technical results, potential accumulations, claims; it allows the creation of quotes, poli-

cies, bordereaux; it manages claims, payment overdues, tariffs,... And it’s also a wonderful marketing

tool, an intelligent quotation tool, an online library,...

A Reinsurance broker We are also a reinsurance broker in Latin America and Asia. Our knowledge of the actors on the global

market allowed us to develop a unique network of relations in the search for capacities and solutions to

each problem.

An online insurance underwriter available offlineA niche insurer has not many clients,

so he looks after them and protects them.

www.circlesgroup.com

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Min.A+Financial security Minimum A+

SolvencyOur products are guaranteed by co-insurers and reinsurers with a minimum A+ rating

from the main rating agencies.

(Standard & Poors or Moodies)

Mainly HDI Global SE, AXA Belgium, XL Catlin and many others.

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Significant capacity

With €50,000,000 automatic capacity per risk insured, Circles Group has become the

key player on its market.

A+We do not take any solvency risks, which means peace of mind, serenity and longevity

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A networkCircles Group is also a network of 30 specialized brokers worldwide.Besides the economical reasons, the value of this network lies in a never-ending source of information on risks to insure.

Headquarter:

Circles Group S.A.

6 rue d’Arlon 8399 Windhof

Grand-Duchy of Luxembourg

International :

Circle Asia

Unit 1207, Leighton Centre, 77 Leighton Road,

Causeway Bay, Hong Kong

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Circles Group Brasil

Av. N. Sra. de Copacabana, 647 conjunto 413 Copacabana

Rio de Janeiro - RJ - CEP : 22.050-901

Rua George Ohm, 206 – Torre B – 10º andar – Conj. 101 B

Brooklin – São Paulo/SP CEP 04576-020

We have now extended our activity to over 30 countries and have insured over 100,000 risks (films, special events, sports, horses, promotions, jewellery, art works,political risks, ticketing, movable & immovable property assets, E&O and D&O, Prize Indemnity, etc.)

Over 100 000 risks covered in ≠ sectors

CONCERTS

FOIRESCONGRÈS

TÉLÉVISIONCINÉMASÉMINAIRES

FESTIVALS

EVENEMENTS SPORTIFS

MOVIES A Monster Calls Penny Dreadfull 3 O Negócio Si j’étais un homme Dalida Multi Tom HHHH Raid DingueMiss Peregrine Submergence Petit Vampire OSS 117 Adotada Brice de Nice La Promesse de l‘Aube Las Chicas del CableGangsterdamVida é Bela Les GardiennesL’échange des PrincessesAmar es para siempreSuper Bonita Spirou et Fantasio Elle Divines The CrossingQuestão de Família FallenMountain Cry最佳女Bir Firtina Tuttu BiziThe AdventurersL’Odyssée ...

TELEVISION Ben HurStar AcademyAsia’s Next Top ModelKoh LantaLa méthode CauetLe grand ZappingMuppet Show100% POKERSecret Story24 minutes chronoDagelijkse kost

Grajz KuroniemINTERWENCJA cz. IIIEl comisario cap. 160-175Filhos do CarnavalAS BRASILEIRASThe Artists ...

SHOWS

Tomorrowland Les Restos du Coeur AC/DC Australia TourGuns n’ Roses Asia TourThe Great European Carnival HKMadonna ManilaKaty Perry ManilaColdplay ManilaMidnight Oil Australia TourMrs. Browns Boys Australia TourClockenflap Hong KongFestival Cap Roig Sonar Festival Capital of Rock Nice Jazz Festival Dominator Festival Pukkelpop Waregem Koerse Strong Viking Rock in Rio 2015 ...

SPORTING EVENTS

Singapore Inter. AirshowParis-DakarTour de FranceEquestres Mondiaux Roland GarrosFinale Coppa Italia TIM Cup Tour Auto Optic 2000Grand Prix F1 de Belgique Suzuka F1 Race Japan Flanders Classics CyclingRio - Nike Premier Cup 2017World Rugby 7s SingaporeCoupe du monde de RugbyFormula Indy Sao PauloWorld Championship Handball European Athletics Championship

Coupe du Monde de ski20th European Athletics FIFA Futsal WorldchampionshipEuroBasket 2011 LithuaniaHong Kong T20 Cricket Tourn.Longines Hong Kong MastersChamp. du Monde de judoFerias de Nimes Fórmula 1 Brazil – 2016Jogos do Flamengo na Liber-tadores da América...

TRADE FAIRS,

CONFERENCES, SEMINARS

TFWA World ExhibitionJapan Expo - Kultigame 20 Bienal do LivroFoire des antiquaires de BxlThe World Food Business SummitChivas Global Conference 2011Convenções da IT Midia 2012Calendario HSM 2010 RCEAHP CongresRio Fashion Week Convention FIAT AUTO Feira Crossroads Art Fair LondonSão Paulo Fashion Week 2017São Paulo Arte 2017 ...

AND MANY OTHERS

Desfile das Escolas de SambaCarnaval 2017Lançamento Porsche Panamera 4S Cérémonies d’ouverture et de Clôture de l’UEFA EURO 2008Planeta Atlântida 2017 Copacabana Reveillon Carnaval do RioSkol SensationExposição Art of The Brick 2017 Exposição Lina Bo Bardi Rodeo Europe Tour 2ème festival culturel Exposição Cícero Dias Panafricain d’Alger 2009

Carnaval de Nice Exposição Steve Jobs 29ième Cérémonie des CesarNoel a la DéfenseBIFFFExposição Beatriz Milhazes La fête du lac d’AnnecyExposição Portinari Spectacles Pyrotechniques du 14 juilletEndesa Monumental Communication America’s CupCrazy Horse ParisA Coleção Inusitada de Sylvio Perlstein Disney On Ice...

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Active in over 30 countriesCircles Group works only with specialist brokers.Our brokers understand the specialist fields of the clients they insure and have a veryreal relationship of confidence with them.This choice is essential in our commitment to being a lasting presence in this highlyspecialised market.

AUSTRALIAArthur J. GallagherHW Wood Australia Pty LtdMcKenzie Ross Insurance BrokersSpoke Insure Pty Ltd

AUSTRIASteinmayr & Co Insurance Brokers GMBH

BELGIUMALLIA Insurance Brokers nv/saAnglo-Belge Special Risks N.V.BCOH sa / nvDEGEESTQ & O VerzekeringenVANBREDA RISK & BENEFITS N.V.Verzekeringskantoor Verheyen NVWATINCO

BRAZILANDORRA SEGUROSAON Consultores de Seguros e BenefíciosAPOIO Corretora de SegurosDulce Thompson de CarvalhoEquipe - Levi & AssociadosGO BEYOND I. Consultoria e CorretagemJ.M.S. Administração e CorretagemLazam-MDS Corretora e AdministradoraRadar Corretora de Seguros LtdaResulta Corretora de Seguros LtdaSensulini SegurosWILLIS Corretores de Seguros Ltda

CROATIADPS International Brokers

CZECH REPUBLICInverma cz.MAI Insurance Brokers s.r.o.

DENMARKAsureco ApS

ESTONIAMAI Baltics

FRANCEElisabeth ginhac & associésGras Savoye S.A.Groupe DufaudOvatio CourtageRubini & AssociésJLB AssurancesLEVEL & Associés Equestrassur

GEORGIAMAI Georgia Insurance Brokers Ltd.

GERMANYSchwandt. Versicherungsmakler e.K.

GREECEComergon Insurance Brokers

HONG KONGCooper Claridge-WareMelbourne Insurance Brokers Ltd.MI Insurance BrokersMotion Picture Insurance Agent LimitedPacific Prime Insurance Brokers Ltd.System (Far-East) Insurance Brokers Ltd.Trusted Union LimitedVillage Holdings Limited

HUNGARYNexus Biztosítási Alkusz Kft

INDIAAlliance Insurance Brokers Pvt. Ltd.

IRELANDThe Insurance Shop

ITALYAegis Rischi SpecialiAON SpA

LATVIAMAI Insurance Brokers

LITHUANIAColemont Draudimo BrokerisMAI Baltics UADBB

LUXEMBOURGSuisscourtage

NETHERLANDSKJR Andriesen Risk Management en...KLAP bvWEINSURE Verzekeringen B.V.

PHILIPPINESPioneer Insurance

POLANDMAKonLINE UBEZPIECZENIA Sp.z.o.o.

PORTUGALBull InsuranceF. Rego Corretores de SegurosVillas-Boas ACP

REUNION ISLANDNOVA Assurances

ROMANIAPSG Insurance Broker

RUSSIAIB RIFAMS Ltd

SINGAPOREArthur J. GallagherPacific Insurance Brokers Pte Ltd

SLOVAKIAMAI INSURANCE BROKERS

SPAINAraytor Correduría de Seguros, S.L.CINEVENT ONLINE S.L.Global Marine Services

SWITZERLANDBoss Insurance Services SA

TURKEYCordia Sigorta A.S.

U.A.E.Greenshield Insurances

UNITED KINGDOMAbaco Insurance BrokersIMS Insurance Group

VIETNAMBML Services

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Circles Group, the Reference

Circles Group reveals its secrets to you:

As well as tools for buying insurance online, Circles reveals its statistics!

Our database of over 100,000 risks insured enables us to calculate reliable probability rates.

We give you access to these probabilities under the tab “Claim Experience” on our web site.

-With Market News, Circles Group keeps you informed:

We scour the world press every day by field of activity.

We provide a summary of this every day.

We provide extensive commentary on these.

You can also contribute comments and disseminate your comments via social media.

With Circles Group, you will become a world-wide benchmark.

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We managed to write clear general condi-tions accessible to everyone. -Our conditions are permanently revised taking notice of all remarks collected from customers, brokers and insurers.

Our productsWe can be creative, even in insurance.We’re simply looking for excellence in simplicity.

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The complexity of a film shoot, the significant level of financial resources invested,the mobilisation of expertise, are all areas inexorably requiring an in-depth knowledgeof production and the risks to be insured.-Circles Group and its partner brokers have a thorough understanding of thiscomplexity and the challenges faced by producers.

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Types : Feature films – short films – TV commercials - institutional films - documentaries animated films - video clips - cartoons - TV series – television broadcast, etc…-Main risks covered:1. The absence of actors or film directors at film shoots,2. Damage to all media,3. Cancellation, additional costs, withdrawal of authorisations,4. Damage to equipment, film sets, film vehicles, and film locations,5. Civil, Employers, Professional Liability, etc,6. Accidents at work, and individual accident insurance,7. Error & omission, tax shelter and completion bond insurance, Weather Day insurance. - A sample of films insured by Circles Group: A Monster Calls - Penny Dreadfull 3 - Si j’étais un homme - Dalida - HHHH - Raid Dingue - Miss Peregrine Submergence - Petit Vampire - OSS 117 - Brice de Nice - La Promesse de l‘Aube - Las Chicas del Cable Gangsterdam - Les Gardiennes - L’échange des Princesses - Amar es para siempre - Spirou et Fantasio - Elle Divines - The Crossing - Fallen - Mountain Cry - 最佳女 - Bir Firtina Tuttu Bizi - The Adventurers - L’Odyssée

CIRCLE FILM

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Just produce, we insure !

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CIRCLE EVENT

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Your imagination has no limit for us!

Concerts, shows, festivals, sporting events, shows, exhibitions, conferences, trade fairs, fashion shows, stage plays, meeting, carnivals, etc…For each type of risk Circle Event has a specific product, a product that is tailor-made.-Our employees place all their skills at your service, because your success is also our brand image.

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Clients : 1. Producers, promoters,2. Impresarios,3. Event organizers.-Main risks covered:1. Cancellation, postponement, reduced attendance, etc,2. Non-appearance, no show,3. Bad weather,4. Attacks, withdrawal of authorisations,5. Additional costs,

6. Civil liability.- Some events insured by Circles Group : Tomorrowland - Les Restos du Coeur - AC / DC Australia Tour - Guns n’ Roses Asia Tour - The Great Euro-pean Carnival Hong Kong - Madonna Manila - Katy Perry Manila - Coldplay Manila - Midnight Oil Australia Tour - Mrs. Browns Boys Australia Tour - Clockenflap Hong Kong - Singapore International Airshow - Paris-Dakar - Tour de France - Equestres Mondiaux - Roland Garros - Coupe du monde de Rugby - Formula Indy Sao Paulo - World Championship Handball - European Athletics Championship - Coupe du Monde de ski Finale Coppa Italia TIM Cup - TFWA World Exhibition - Japan Expo - Kultigame - 20 Bienal do Livro - Foire des antiquaires de Bxl - The World Food Business Summit - Chivas Global Conference 2011 - Desfile das Escolas de Samba - Carnaval 2017 - Cérémonies d’ouverture et de Clôture de l’UEFA EURO 2008 Copacabana

Reveillon - Carnaval do Rio - Skol Sensation - Rodeo Europe Tour.

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CIRCLE POLITICAL

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Unfortunatelay Essential !

Terrorism has unfortunately become a reality and an issue of public concern. Not only

does terrorism have a social impact on the world, but also an enormous economic

impact.

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With Circle Political, Circles Group not only insures against an attack at a given location

but also:

• The threat of an attack, sabotage,

• The intervention of public and political authorities, withdrawal of authorisations,

• Coups d’état, riots, rebellions, etc,

• War and civil war.

Circle Political offers extensive cover, up to €10,000,000 directly online and worldwide.

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Clients :

1. Producers,

2. Impresarios,

3. Events organizers (shows, trade fairs exhibitions, etc),

4. Concert hall, museum, stadium, cinema, shopping centre, zoo, airport, railway station managers, etc

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CIRCLE EQUINE

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Close to you !

The largest stables in the world have chosen us!

Horse insurance with Circle Equine, means the certainty:

• Of the most extensive cover: veterinary fees, hospital fees and field treatment fees

up to €10,000 per damage or loss,

• Of receiving every available advice from a “veterinary surgeon-insurer”,

• Of an extremely competitive tariff,

• Of access to (*) Veticard ©,

• Of a web site and online tariff,

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Main risks covered:

1. Death (accident or illness),

2. Theft,

3. Permanent disability nà following an accident (loss of use),

4. Death of the foetus and/or foal

5. Infertility of the stallion,

6. Civil liability and legal protection.

(*) The Veticard is a personalised card covering veterinary costs. Upon presentation of your Veticard ©, the veterinary surgeon

may grant you the benefit of a delay for repayment of your invoices.

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CIRCLE TICKETING

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Be refunded in one click !

Who has the time to spend hours on paperwork and for hanging on the telephone for

possible reimbursement for a show or sporting event ticket? No-one!

It from this fact that Circle Ticketing was born.

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Circle Ticketing is an insurance contract without exclusion, dedicated to ticketing

professionals. We place our trust in you!

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Your reimbursement takes place simply by applying on our web site.

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How does it work?

Circles Group has created an API (Applications Programming Interface).

This interface enables two computers (servers) to interact without intervention.

When a client purchases a ticket on a platform, they are offered cancellation insurance.

When they take out this insurance, accept the conditions, and pay the premium,

the Circles Group API then sends them their insurance contract and a QR code enabling them

to access to reimbursement interface.

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For whom is this type of insurance intended?

For all companies offering an online ticketing service.

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Main risks covered:

Everything is covered, except fraud, cyber attacks and nuclear,

biological, and chemical damage. So long as the insured was not aware of any element liable

to generate a loss claim at the time of taking out the insurance contract.

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CIRCLE FINE ART

A side of paintings, sculptures, and collector’s objects, it is also possible to in-sure design furniture, collector’s vehicles, antiquities, tribal art, musical instru-ments or photographs. In short, any object that has an artistic value, or that is unique, an item of beauty or of historical importance.

A love story

Insuring Art is above all a passion!

All our underwriters have a background in the Art professions!

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Our expertise has enabled us to develop the first tool for purchasing insurance online dedicated to Art

online.

This tool enables the calculation of the amount of your premium, as well as management of your

collection and of your acquisitions.

But above all, the creation of a tailor-made formula for Art lovers and professionals alike.

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Our contracts offer the traditional cover, but can also be extended with:

• Operating Loss cover

• Civil Liability cover

The general terms and conditions have been re-written given that the Art world is constantly changing

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Clients :

1. Private collectors,

2. Galleries and art professional,

1. Museums and cultural institutions,

2. Foundations,

3. Exhibitions,

4. Salerooms

5. Restorers, etc…

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CIRCLE ASSETS

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Discreetly VIP !

For the businessman, actor, singer, but also for anyone seeking to protect their exceptional

property assets, Circles Group has developed a VIP insurance product: Circle Assets.

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Circle Assets covers your prestigious villa, private mansion, exclusive apartment, collections

of all kinds, but soon also yachts, private jets, prestige or collector’s automobiles against all risks.

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In addition, Circle Assets covers your property in a single insurance policy providing

world-wide cover.

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Once again, Circles Group has developed a web site that enables all risks to be insured online.

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Main risks covered:

1. Buildings and contents, all risks

2. Private collections

3. Civil liability.

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CIRCLE PROMOTION

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Insure your success

Circle Promotion is a type of cover designed to protect advertisers against over-redemption

or refund applications. The cover can apply to all types of operations, and

in particular:

• Refund offers (total or partial),

• Money off subsequent purchase coupons,

• Shop loyalty programmes,

• Money back guarantees,

• Internet games and competitions for consumers,

• But also cover for prize indemnity and “hole in one”

Circles Group is the market leader for the insurance of advertising and promotional

over-redemption. It is also the only insurer able to put in place this type of cover on a

world scale.

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Clients:

1. Advertising agencies and advertisers.

2. Over-redemption management centres.

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Main risks covered:

1. Over Redemption,

2. Prize Indemnity

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CIRCLE DIAMOND

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Just Brilliant !

Jewellers are establishments that are particularly at risk from theft.

Circles Group understands and has a complete control of this risk.

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Here too, Circles Group has developed a dedicated online pricing tool for jewellers.

This tool enables you to purchase a wide range of cover types and to adjust the

amounts and excess levels according to your specific needs

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Circles Group also offers you a unique type of cover: psychological support following

a covered loss.

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Clients :

Jewellers, watch and clock-makers, gold and silversmiths, showrooms.

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Main risks covered:

1. Stock, all risks

2. Mysterious disappearance

3. Stock, all risks (including mysterious disappearance),

4. Furniture, fixtures and equipment,

5. Individual accident,

6. Psychological support,

7. Loss of profits,

8. Liability insurance.

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Circles Group offer a specialist suite of financial lines insurance products specifically designed to

mitigate the liability and fraud exposures of executives and professionals in today’s increasingly

litigious, demanding and ever changing business environment.

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Our team’s main focus is offering an online financial lines insurance solutions for private and pro-

fessional enterprises, media companies, asset managers, and publically traded corporations. For

larger complex risks, our experienced underwriting team have the ability to offer offline solutions

for bringing together combined capacity under a single tailored policy.

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We pride ourselves on our flexibility, adjusting out underwriting to match the needs of our cli-

ents, with coverage limits fitting most business requirements and the ability to write business on a

worldwide basis, including those with operations in North America although we do not underwrite

companies domiciled in the United States.

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The full range of Financial Lines insurance solutions that we currently offer to our clients, depending

on their individual needs and operational exposures are as follows:

A. Circle Complete

1. Professional Indemnity

2. Crime

3. Employment Practices Liability

4. Directors & Officers Liability

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B. Film Producer’s Errors & Omissions Insurance

C. Investment Managers Insurance

D. Directors and Officers Liability Insurance for Public Companies

CIRCLE FINANCIAL LINES

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Finally, a solution for all!

$

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CIRCLES GROUPUne histoire d’amour

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Circles Group S.A.

6 rue d’Arlon 8399 Windhof

Grand-Duché de Luxembourg-

T. : +352 26 45 87 92

www.circlesgroup.com

info@circlesgroup.com