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0 1 st Event 1 st Event Protection Reinsurance Program Tower Olympus Insurance Company - Catastrophe Excess of Loss Tower $284M $40M xs $244M $244M $29.5M.

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Presentation on theme: "0 1 st Event 1 st Event Protection Reinsurance Program Tower Olympus Insurance Company - Catastrophe Excess of Loss Tower $284M $40M xs $244M $244M $29.5M."— Presentation transcript:

1 0 1 st Event 1 st Event Protection Reinsurance Program Tower Olympus Insurance Company - Catastrophe Excess of Loss Tower $284M $40M xs $244M $244M $29.5M xs $214.5M $214.5M $155.3M xs $59.2M $59.2M $19.2M xs $40M $40M $34M xs $6M $6M Underlying CAT $5M xs $1M $1M Retention > $1M Retention for each event > Purchased over 100 year return

2 1 1 st ent 2 nd Event Protection ($284M 1 st Event) Reinsurance Program Tower $179.1M $34.87M xs $144.23M $144.23M $40M xs $104.23M $104.23M $29.5M xs $74.73M $74.73M $15.53M xs $59.2M $59.2M $19.2M xs $40M $40M $34M xs $6M $6M 4M xs $2M Underlying CAT $1M xs $1M $1M Retention

3 2 Reinsurance Program Participation Reinsurer Quota Share 100% Per Risk $2M x $1M Property CAT 1st Excess $34M x $6M Property CAT 2nd Excess $19.2M x $40M Property CAT 4th Excess $29.5M x $74.73M Property CAT 5th Excess $40M x $104.23 CAT Aggregat e $64.83M x $6M Property CAT $1M x $1M (3rd Event) CAT Aggregat e $25M x $2M (2nd Event) Property CAT $5M x $1M (1st Event) Property CAT $1M x $1M (2nd Event) RPP 1st Excess RPP 2nd Excess United States Allied World Reinsurance Company5.00%25.00% American Standard Insurance Company of Wisconsin 2.50%5.00%5.325% Berkley Insurance Company25.00% Everest Reinsurance Company 4.12%5.00% Odyssey Reinsurance Company 10.00% 4.60% Platinum Underwriters Reinsurance, Inc.25.00% United States Total55.00%35.00%4.12%7.50%9.60%5.33%0.00%

4 3 Reinsurance Program Participation Reinsurer Quota Share 100% Per Risk $2M x $1M Property CAT 1st Excess $34M x $6M Property CAT 2nd Excess $19.2M x $40M Property CAT 4th Excess $29.5M x $74.73M Property CAT 5th Excess $40M x $104.23 CAT Aggregat e $64.83M x $6M Property CAT $1M x $1M (3rd Event) CAT Aggregat e $25M x $2M (2nd Event) Property CAT $5M x $1M (1st Event) Property CAT $1M x $1M (2nd Event) RPP 1st Excess RPP 2nd Excess Bermuda Aeolus Reinsurance Ltd. 100.00% Allied World Assurance Company, Ltd. 100.00% Arch Reinsurance Ltd. 17.50%36.25% 100.00%33.33% Blue Water Reinsurance Ltd. 5.00%1.25% DaVinci Reinsurance Ltd. 2.055%3.75% Montpelier Reinsurance Ltd. 50.00% MS Frontier Reinsurance Ltd. 11.60%17.50% Renaissance Reinsurance, Ltd. 2.055%3.75%

5 4 Reinsurance Program Participation Reinsurer Quota Share 100% Per Risk $2M x $1M Property CAT 1st Excess $34M x $6M Property CAT 2nd Excess $19.2M x $40M Property CAT 4th Excess $29.5M x $74.73M Property CAT 5th Excess $40M x $104.23 CAT Aggregat e $64.83M x $6M Property CAT $1M x $1M (3rd Event) CAT Aggregat e $25M x $2M (2nd Event) Property CAT $5M x $1M (1st Event) Property CAT $1M x $1M (2nd Event) RPP 1st Excess RPP 2nd Excess Bermuda SAC Re, Ltd. 1.65%4.00% Third Point Reinsurance Company, Ltd.25.00% 2.875% 66.67% Tokio Millennium Re Ltd 2.50%9.00%7.50%9.00% Radiant Reinsurance Ltd 100.00% Bermuda Total25.00%50.00%25.76%56.75%24.10%30.63%100.00%

6 5 Reinsurance Program Participation Reinsurer Quota Share 100% Per Risk $2M x $1M Property CAT 1st Excess $34M x $6M Property CAT 2nd Excess $19.2M x $40M Property CAT 4th Excess $29.5M x $74.73M Property CAT 5th Excess $40M x $104.23 CAT Aggregat e $64.83M x $6M Property CAT $1M x $1M (3rd Event) CAT Aggregat e $25M x $2M (2nd Event) Property CAT $5M x $1M (1st Event) Property CAT $1M x $1M (2nd Event) RPP 1st Excess RPP 2nd Excess Europe/Asia Hannover Ruckversicherung SE 15.00% Lloyd's Syndicate 382 - HDU 0.34%2.00%1.95%2.00% Lloyd's Syndicate 623 - AFB 0.19%0.43%0.42% Lloyd's Syndicate 958 - CNP 1.72%1.68%2.58% Lloyd's Syndicate 1955 - BAR 1.40%1.36%1.00% Lloyd's Syndicate 2001 - AML 15.00%10.00%6.24% Lloyd's Syndicate 2007 - NVA 3.13%4.50% Europe/Asia

7 6 Reinsurance Program Participation Reinsurer Quota Share 100% Per Risk $2M x $1M Property CAT 1st Excess $34M x $6M Property CAT 2nd Excess $19.2M x $40M Property CAT 4th Excess $29.5M x $74.73M Property CAT 5th Excess $40M x $104.23 CAT Aggregat e $64.83M x $6M Property CAT $1M x $1M (3rd Event) CAT Aggregat e $25M x $2M (2nd Event) Property CAT $5M x $1M (1st Event) Property CAT $1M x $1M (2nd Event) RPP 1st Excess RPP 2nd Excess Europe/Asia Lloyd's Syndicate 2623- AFB 0.84%1.97%1.91% Lloyd's Syndicate 2791 - MAP 3.75% 3.76% Lloyd's Syndicate 2987 - BRT 3.20%2.33%3.00% Lloyd's Syndicate 3902 - NOA 4.00% Lloyd's Syndicate 4444 - CNP 2.28%2.22%3.42% Europe/Asia Total0.00%15.00%5.12%35.75%28.75%26.50%0.00% Total80.00%100.00%35.00%100.00%62.45% 100.00%


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