All Risks Ltd Sue Harker Josh Reinert Al

All Risks Ltd. Sue Harker Josh Reinert Al Roberts – Am. Trust/Wesco Michelle Sheehy – Am. Trust/Wesco David Devinger – Am. Trust/Wesco

All Risks Ltd. • Founded in 1964 • Largest privately held Wholesale/MGA organization in the nation • Consistent growth despite market cycles • 550+ employees, $1. 5 B anticipated 2016 premium volume • 36 exclusive programs • Offices in AZ, CA, CO, DC, FL, GA, IL, IN, LA, MD, MN, NE, NJ, NY, NC, PA, TX, VA, and WA

Financial Strength • Rated “A” (Excellent) • Financial Size “XIV” by AM Best • Publicly traded on the NASDAQ Global Market under the stock symbol “AFSI”

Portfolio of Insurance Products • Multiline Small Business Insurance • Warranty and Specialty Risk Insurance • Specialty Program Business Insurance

Specialty Program Business Strategy • Focus on General Agent partners that are experts in their niche classes and focus on specialty, non-commodity segment of the business with a proven record of underwriting results • Partnerships that involve some risk sharing • Employ a multi-disciplined Underwriting approach – Finance, Claims, Underwriting, Actuarial, Loss Control, Marketing, Legal, Audit and IT • Seek small and mid-sized risks • Maintain a well diversified portfolio by customer type, geography, and distribution channel

Professional Liability Programs Model “Appoint experienced, reputable, dedicated Managing Producers with controlled delegated underwriting authority, subject to the Am. Trust program business strategy by segment”

Am. Trust Financial Services Inc. Comparative results YTD 2016 v. YTD 2015 YTD 2016 Change over 2015 Gross Written Premium $4. 01 billion +18% Net Earned Premium $2. 26 billion +18% 90. 5% +. 7% Combined Ratio Published September 14, 2016

Results Q 2 2016 Highlights • Gross written premium of $2. 07 billion • Net Earned premium of $1. 18 billion • Operating earnings of $140. 3 million Published September 14, 2016

Professional Lines Architects & Engineers Lawyers Insurance Agents Management Liability Real Estate Agents Accounts Receivables Home Inspectors

Am. Trust Claims/Risk Management • Free Contract Review and Pre-Claims Assistance by two independent law firms – David Ericksen (Severson & Werson) and David Pollack (Lewis Brisbois, Bisgaard & Smith) • Website dedicated to Risk Management resources • Dedicated claims staff with A/E experience • 24 -hour response time • Panel counsel – willingness to consider • Webinars

All Risks/Am. Trust – Program Highlights • • Admitted in 44 states (NYFTZ in NY) $5 M practice policy available in most states Firms with up to $15 MM in billings Defense costs “outside of limits” First dollar defense Installment plans for qualified firms Automatic renewal available for qualified firms Worldwide coverage

Answers to a/e Pro. Net Questions § § § § Rating base Limit offerings Excess offerings Unlicensed professionals XL/Catlin Cost of Defense coverage Contract Review offerings Contact after claim is reported Claim details o Loss Ratio o Average claim size (damages and expense) o Percentage of claims resulting in litigation o Top three loss leaders by discipline (both frequency and severity) o Top three loss leaders by project type o Top three claim contributors (ie, lack of written agreements, uninsured subs, etc)

Highlights of New Policy Form § § § § § Pollution Liability, CPL and Advertising Personal Injury added Amended reporting provisions to apply to key individuals Insured has ability to select from panel OR request other counsel “Soft Hammer” LEED Coverage clarified Coverage for reimbursement of legal fees of others Added Independent Contractors Deductible reduced with successful use of Limitation of Liability Added Supplemental Payments for : Disciplinary Proceedings Crisis Event Peer Review Network Security ADA Reimbursement

All Risks A&E Program Takeaways • Dynamic partnership – committed to expanding and evolving to meet market needs. • Continued consistent underwriting approach • Agency management efforts will be focus in coming year • Partnering with agents successful with us • a/e Pro. Net agents represent 7% of our program premium – how do we become a better resource for you? • Questions/Feedback The content contained in these materials are prepared for informational purposes only. References to coverages or policy language is not intended to serve as solicitations for insurance and are not a substitute for the actual policy language or terms and conditions of coverage issued by the carrier or company. None of the information contained herein represents express representations, endorsements or views of Am. Trust North America Inc. , Am. Trust Financial Services Inc. , Am. Trust Underwriters Inc. or any other member companies, affiliates or assigns. The information represents the opinions of the authors and have been prepared and presented based upon those opinions only. These materials are prepared for the mutual benefit of the parties in attendance at a/e. Pronet Chicago.

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