1. Market Making Developing and Accessing Alternative Capital to Meet Client Demand

2. 1 12 Growth Industries for the Next 10 Years: Insurance Solutions Needed Export-Oriented Industries Health Sciences Health Care Agriculture Technology (incl. Biotechnology) Light Manufacturing Insourced Manufacturing Source: Insurance Information Institute

3. 2 Energy Consumption in Emerging Economies is Growing Source: BP Statistical Review of World Energy and US Energy Information Administration -In 2010 energy consumption growth reached 5.6%. The highest rate since 1973 - China’s share of the global energy consumption was 20.3%; the world’s largest

4. 3 Cumulative Projected Investment in Global Energy Infrastructure, 2011-2035 Projected energy infrastructure investment through 2035 total $38 trillion; Implies substantial incurrence of risk Source: International Energy Agency, World Energy Outlook 2011.

6. 5 Client Capacity compared to Carrier Capacity 1. Captive A - $1.5bn1. Berkshire Hathaway - $500m+ 2. Captive B - $1.4bn2. Chartis - $200m 3. Captive C - $500m3. ACE - $200m 4. Captive D - $200m4. QBE - $150m 5. Captive E - $175m5. Lancashire - $125m

8. 7 Cat-in-a-Box Vehicle The Cat-in-a-Box vehicle was designed to overlay areas of insurers exposure that are of concern and to respond to hurricane category winds from Category 2 to Category 5 The catastrophe model proves to be useful in not only identifying areas and assets of concern, but also by using a catastrophe model, different box sizes and positions around the Gulf of Mexico can be analyzed to determine their probabilities of being triggered by a hurricane event It should be noted that there is of course material basis-risk to such a vehicles

9. 8

10. Developing an innovative insurance solution for oil and gas decommissioning activities Current situation During the next decade many UK North Sea oil and gas installations will need to be decommissioned Challenge Currently, decommissioning oil and gas facilities is a costly, complex challenge. Over $47bn will be spent in the UK Continental Shelf alone, over half of this total to be spent on the removal of platforms The lack of meaningful lifting capacity drives increased cost and risk for Operators. Decommissioning costs are estimated to have tripled from 2006 to 2011 Operators are seeking a cost-effective, safe and environmentally sound solution 9

11. Developing an innovative insurance solution for oil and gas decommissioning activities Client owns lifting technology for the offshore oil and gas industry, particularly in decommissioning. The system has a maximum lift capacity of 34,000 tonnes, larger than any other active lift vessel in Europe. The system is ready for construction and is in discussions to participate in several decommissioning projects in the UK North Sea An innovative solution was developed with a leading insurer to enable client to offer a fixed price package for platform removal, not currently available in the insurance market 10

13. Working together to develop a high value solution Aon is working with others in the industry (clients and markets) to develop a high value solution for the energy sector Work we are doing is subject to confidentiality What we are doing is developing a product with very high limits provides protection to large, mid-size and small oil companies and contractors provides meaningful risk transfer 12

14. Developing a long term sustainable solution A lot of the capacity has come from client captives Innovation has usually come after a major loss/event As an industry we need to drive innovation and a sustainable long term solution prior to a major loss/event When the industry understands what clients value and work together to build a clear solution then there is a demand for innovation 13