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UIB GROUP

UIB GROUP. What Reinsurers are looking for in Pakistan. Agenda. Introduction – the Lloyd’s market since 2001 Coverage options Recent events Underwriting the Risk – what are Underwriters looking for Questions. Introduction – the Lloyd’s market since 2001.

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UIB GROUP

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  1. UIBGROUP What Reinsurers are looking for in Pakistan

  2. Agenda Introduction – the Lloyd’s market since 2001 Coverage options Recent events Underwriting the Risk – what are Underwriters looking for Questions

  3. Introduction – the Lloyd’s market since 2001 2001 – 5 Syndicates and USD 100m of capacity 2009 – 32 Syndicates and USD 1bn of capacity Main Lloyds markets: Talbot, QBE, Amlin, Catlin, Beazley, Ascot, Hiscox, Brit, Chaucer Main Global competitors: AIG, Lancashire, Lexington, AXIS and ACE

  4. Coverage options Standard cover - LMA 3030 (T3) and LMA 5039 (T3a) Special Interest Groups Animal Rights, Environmental Action, Domestic Terrorism Nationalist, Marxist, Islamic Extremist, Anti-Capitalism International Terrorism Religious Extremists Wider coverage Riots, Strikes, Civil Commotion and Malicious Damage Mutiny, Insurrection, Coup d’Etat, Rebellion Full Political Violence (including War) Liability

  5. Recent events 20th September 2008 – Marriott bomb – over 50 people killed. October 2009 - Suicide bombing in North Western city of Peshawar kills 120 people 2009 March - Gunmen in Lahore attack a bus carrying the Sri Lankan cricket team. Five policemen are killed and seven players injured. Due to global economic downturn potential for further deterioration Continuing Militant action 2010 January - Suicide attack on a volleyball match in north-west kills more than in 100 people. 15th March 2010 – Lahore suicide bombings Almost daily news of attacks and protests.

  6. Underwriting the Risk – what are Underwriters looking for Who is the client and what do they do? Locations and full addresses Policy periods Values per location What coverage is the client seeking? Current security arrangements? Any threats/losses? Is the building shared with any high profile occupants? Any buildings owned / leased from the Government?

  7. Questions Does anyone have any questions?

  8. United Insurance Brokers Ltd.69 Mansell StreetLondon, E1 8AN, EnglandT: +44 (0)20 7488 0551F: +44 (0)20 7480 5182www.uibgroup.com UIB is an accredited Lloyd’s insurance broker and is regulated by the Financial Services Authority (FSA). Company Registration Number: 02480634

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