Why Lloyd’s?

© Lloyd’s 2007Why Lloyd's?2

The world’s leading specialist insurance market

93% of Dow Jones Industrial Average companies

92% of FTSE 100 companies

86% of Fortune Top 50 European companies

81% of Fortune 500 US companies

Top 7 pharmaceutical companies

Top 20 banks

It provides insurance for the majority of the world’s largest companies

It has a global reach and local depth. It does business in over 200 countries.

Source: Lloyd’s

© Lloyd’s 2007Why Lloyd's?3

Lloyd’s is trusted to insure the world’s toughest risks

We have always led the way, being the first to underwrite motor, aviation and satellite insurance.

From covering events such as Wimbledon, to insuring helicopters in war torn Baghdad, Lloyd’s underwriters excel in devising tailored, innovative solutions for complex risks.

Source: Lloyd’s

© Lloyd’s 2007Why Lloyd's?4

A market structure which encourages innovation, speed and value

CorporateGroups

Individuals(unlimitedliability)

Individuals(through

companiesand

limited partnerships)

Reinsureds

Commercial

Personal

42Managing

Agents

66Syndicates

CLIENTS members

Business flow Capital provision

Source: Lloyd’s

Service Companies

Lloyd’s Brokers

Corporation of Lloyd’s

Immediate access to decision-makers means that answers on whether a risk can be placed are made quickly, making it attractive to policyholders and participants alike

© Lloyd’s 2007Why Lloyd's?5

An unrivalled concentration of specialist underwriting expertise and talent

The market attracts top underwriters and brokers who are…

…supported by a high quality, diverse capital base.

Source: Lloyd’s

© Lloyd’s 2007Why Lloyd's?6

An outstanding reputation for paying valid claims

The San Francisco earthquake in 1906 and more recently Hurricane Katrina cemented Lloyd’s track record for paying valid claims.

After 9/11 Lloyd’s was commended for paying claims swiftly. We believe in protecting policyholders rather than quibbling.

Source: Lloyd’s

© Lloyd’s 2007Why Lloyd's?7

A secure and disciplined market with strong, stable ratings

A ‘Excellent’Affirmed 29 March 2007

Stable Outlook

A+ ‘Strong’Affirmed 28 March 2007

Stable Outlook

A+ ‘Strong’ Affirmed 23 April 2007

Stable Outlook

The Lloyd’s Market Ratings apply to all business underwritten by all syndicates

Source: Lloyd’s

The reputation of Lloyd’s for first-class security is recognised by three leading independent rating agencies.

© Lloyd’s 2007Why Lloyd's?8

A bold, vibrant, thriving international business with the ability to accept £16.1 billion in insurance premium.

Lloyd’s is one of the best known brands in global insurance, and has been for over 300 years.

As it trades into the 21st Century, the Lloyd’s market continues to be at the forefront of world insurance.

Source: Lloyd’s

© Lloyd’s 2007Why Lloyd's?9