Global Markets Iraq: Conflict Zone Insurance for Personnel, Assets and Contracts w The reconstruction of Iraq will be a demanding and challenging task. Iraq’s infrastructure, communications, public buildings and hospitals will all need to be reconstructed to prevent a humanitarian crisis, and while the dust settles following the campaign to liberate Iraq, uncertainties have stirred. While the demand for reconstruction has created opportunities for contractors, sub contractors, and investment houses to generate new business in a previously closed region, these opportunities also present very real risks. Conducting business in a country which has been closed for a decade will be challenging, and there will continue to be a lingering threat of sporadic violence, both against personnel and against equipment. The future of Iraq is still uncertain, and without a clear indication as to the extent or duration of US or UN co- ordination of the reconstruction work, coupled with the question of who will rule Iraq after their departure, contractual risks will be ever present. −The ongoing threat of violence in the area −The future governing power in Iraq −The future spread of control across the country −Sources of funding available to finance the reconstruction −The validity of contracts agreed with the old regime −Whether debts incurred by the old regime will be enforced or written off For anyone considering reconstruction work, there are a number of pressing uncertainties which include: While these ongoing concerns over security and legal issues remain, the risks to personnel, assets and contractual arrangements for companies involved in the reconstruction of Iraq are considerable. Willis Limited has developed a Conflict Zone Insurance programme which enables companies participating in the reconstruction to insure against the key risks to personnel, assets and contracts. By bringing together the multitude of risks into one insurance programme underwritten by private market insurers at Lloyd’s, clients benefit from comprehensive and cost effective cover. We also maintain close contact with key public and government entities, such as the British Consultants and Construction Bureau (BCCB), Trade Partners UK, the Foreign and Commonwealth Office and the Export Credits Guarantee Department (ECGD), to keep abreast of the issues and tailor insurance cover accordingly.

Conflict Zone Insurance Willis is 13,000 professionals in over 300 offices around the world all working together towards one goal: helping our clients succeed. Our political risk team has over 25 years of experience working with clients from a variety of industry and service sectors. As a leading political risk specialist, we are recognised for our tailored solutions to address the key risks in dealing with emerging markets and developing countries. Willis Limited · Registered in England and Wales number · Registered office Ten Trinity Square, London EC3P 3AX · A Lloyd’s broker · A member of the General Insurance Standards Council For more information, contact: London Stuart Ashworth Direct Telephone: +44 (0) New York Nick Meynell Direct Telephone: Global Markets Willis Limited −Personal Accident −Death or disablement arising from Malicious Acts −Death or disablement arising from War & Terrorism (whether stated or not) −Lost Luggage and Personal Effects −Medical Expenses −Cancellation and Curtailment −Delayed Departure −Nuclear, Biological and Chemical attack −Additional coverage available: −Post Conflict training −Kidnap and Ransom Personnel −Confiscation, Expropriation, Nationalisation of Fixed or Mobile Assets −Forced Abandonment of Assets −Forced Divestiture of Assets −Destruction or Damage to Assets caused by Political Violence – Including, War (whether stated or not), Terrorism, Sabotage, Strikes, Riots, Civil Commotion, Malicious Damage Assets Contracts −Non-Payment −Non Honouring of a Sovereign Guarantee −Non Honouring of an Arbitration award −Contract Repudiation −The loss caused under a contract arising from the implementation, enactment or imposition of a Law, Order, or Decree −Embargo −Licence Cancellation −Exchange Transfer −Currency Inconvertibility Other cover available −Unfair call of Contract Bonds −Fair call of Contract Bonds for Political reasons