1. Deirdre Littlefield Starr Marine IMCC’13

2. 2 IMCC 10 TH ANNIVERSARY

3. Marine Professionals Casualty Investigation  Consultancy  Claims Support IMCC 2013 : THANK YOU TO ALL OUR SPONSORS

4. 4

5. 5 World Trade Growth6% Seaborne Trade6 Billion Tons World Trade World GDP Growth 4% 20042013 Source: IMF, IUMI

6. 6 Vessels > 100 GT22,000 New Deliveries40M GT World Fleet World Fleet 600M GT 20042013 Largest ShipbuilderJapan Vessel Size9,500 TEU Weighted Freight Earnings$30,000 USD per day Source: IMF, IUMI

7. 7 Market Share Europe Asia North America Underwriting Results Hull Cargo Marine Insurance GWP 15.5 Billion 20042013 Source: IMF, IUMI 63% 24.5% 11 %

8. 8 World Trade Growth6% Seaborne Trade6 Billion Tons World Trade World GDP Growth 4% 2004 2013 3.25% 3.3% 9 Billion Tons Source: IMF, IUMI

9. 9 Vessels > 100 GT22,000 New Deliveries40M GT World Fleet World Fleet 600 Million GT 2004 2013 Largest Shipbuilder Japan Vessel Size9,500 TEU 1 Billion GT 30,000 80M GT China 18,500 TEU Source: IMF, IUMI

10. Maersk Triple-E Class Page 10

11. 11 World Fleet Royal Caribbean Allure Maersk Triple-E Class

12. 12 Vessels > 100 GT22,000 New Deliveries40M GT World Fleet World Fleet 6 Million GT 2004 2013 Largest ShipbuilderJapan Vessel Size9,500 TEU Weighted Freight Earnings$30,000 USD per day 1 Billion GT 30,000 80M GT China 18,500 TEU < $10,000 USD Source: IMF, IUMI

13. 13 Marine Insurance GWP15.5 Billion 20042013 Underwriting Results Hull Cargo Europe GWP 32 Billion Hull Cargo Source: IMF, IUMI Market Share Europe Asia North America 63% 24.5% 11 % 49 % 28% 8.3% 6.8% Asia Latin America North America

14. 14 Source: Bloomberg Source: Business Insider Source: Telegraph Cargo Exposure: Superstorm Sandy

15. Can it get worse…? 15 Source: IMF, IUMI

16. 16 Thank you.