Deirdre Littlefield Starr Marine IMCC’13

2 IMCC 10 TH ANNIVERSARY

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

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

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

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

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

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

Maersk Triple-E Class Page 10

11 World Fleet Royal Caribbean Allure Maersk Triple-E Class

12 Vessels > 100 GT22,000 New Deliveries40M GT World Fleet World Fleet 6 Million GT 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 Marine Insurance GWP15.5 Billion 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 Source: Bloomberg Source: Business Insider Source: Telegraph Cargo Exposure: Superstorm Sandy

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

16 Thank you.