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
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
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 $ 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%
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 $ 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 % Allied World Assurance Company, Ltd % Arch Reinsurance Ltd %36.25% %33.33% Blue Water Reinsurance Ltd. 5.00%1.25% DaVinci Reinsurance Ltd %3.75% Montpelier Reinsurance Ltd % MS Frontier Reinsurance Ltd %17.50% Renaissance Reinsurance, Ltd %3.75%
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 $ 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 % Bermuda Total25.00%50.00%25.76%56.75%24.10%30.63%100.00%
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 $ 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 HDU 0.34%2.00%1.95%2.00% Lloyd's Syndicate AFB 0.19%0.43%0.42% Lloyd's Syndicate CNP 1.72%1.68%2.58% Lloyd's Syndicate BAR 1.40%1.36%1.00% Lloyd's Syndicate AML 15.00%10.00%6.24% Lloyd's Syndicate NVA 3.13%4.50% Europe/Asia
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 $ 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 AFB 0.84%1.97%1.91% Lloyd's Syndicate MAP 3.75% 3.76% Lloyd's Syndicate BRT 3.20%2.33%3.00% Lloyd's Syndicate NOA 4.00% Lloyd's Syndicate 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% %