AIIF Azerbaijan International Insurance Forum - VI Edition Trust Re “ The reinsurer of choice” July 2 nd – 3 rd, 2015 Baku, Republic of Azerbaijan Sinisa Lovrincevic, M.Sc. General Manager – Cyprus Branch

1. Reinsurance in the interconnected World Searching for stability Up - to date with the new risk landscape Proactive strategy for long term commitment Reinsurance today - in practice 2. Why Trust Re? “Reinsurer of Choice” Driven by our values, Trust, Dynamic, Team Spirit Underwriting capacities Contents

Promise Partnership Perils Planning Product Price Performance Profit © Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission P EOPLE ENGAGEMENT STAKEHOLDERS INTEREST 1. SEARCHING FOR STABILITY

© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission UP-TO DATE 1. UP-TO DATE WITH THE NEW RISK LANDSCAPE WITH THE NEW RISK LANDSCAPE Efficient Deployment of Capital Inn Innovative Risk Assessment

External Analysis Internal Analysis “As if” Scenarios Vision Mission Core Values “SMART” Goals Planning Implementation on time Performance Realization Team work 1. PROACTIVE STRATEGY © Copyright 2011 TRUST All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission

© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission 1. REINSURANCE CONTINUITY LONG TERM C C OMMITMENTS Capital Cash Confidence Conditions Cover Capacity Control C RISK C OMPLEXITY Concentration Conflict Climate Catastrophe Crisis Competition Claim World of Change Demand & Supply Sensitivity

Broker 1 Broker 2 HI THERE! Insurer WHERE? COMPETITOR EVERYWHERE! 1. REINSURANCE TODAY – in practice Insured Reinsurer Show me the RIGHT way! TODAY! COMPETITIVE TERMS

Leadership: Vision, Mission, Values, Objectives, Goals, Strategy Risk capital: adequate allocation to be ready to pay for future losses “Risk chain” : close cooperation with active presence on the market, delivering/exchanging know-how, experience & best practice Active communication: understanding of macro and micro changes in the risks pattern and consequences of risks interconnection with response plan in place Innovative solution: prompt responses always, with decisions based on integrated processes through entire corporation © Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission 2. WHY TRUST RE?

© Copyright 2011 TRUST All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission 2. WHY TRUST RE? Capital: Authorised, issued and paid up capital of US$ 200 million Employees: 230 plus, located in our Bahrain Head Office, Branch Offices in Cyprus and Labuan, Malaysia, Representative Office in Morocco Ratings: “A-“ by S&P and A.M. Best Reinsurance protection: - Treaties: proportional and non-proportional bases - Facultative: Oil & Energy (offshore and onshore), Marine Hull & Cargo, Alternative Energy, Property, Engineering, Specialty Lines, Life and Health

2. WHERE WE ARE? USA MOROCCO MALAYSIA BAHRAIN CYPRUS UK CHINA INDIA Head Office is located in Bahrain Our geographical scope includes the Azerbaijan, Middle East, Africa, Asia, Turkey, CEE, SEE, Russia and other CIS countries

2. WE ARE DRIVEN BY OUR VALUES Vision To be the Reinsurer of Choice Mission To provide innovative reinsurance solutions and prompt responses, always Values Trust Dynamic Team Spirit

2. Celebrated our 25 th Anniversary in 2014 Key Highlights: 2014 vs Top Line Growth:14% (USD 453m) Net Profit After Tax:14% (USD 15m) Net Technical Reserves: 9% (USD 466m) Equity Appreciation:29% (USD 385m)

2. UNDERWRITING CAPACITIES 2015 $USD m

© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission We are on the same boat! We are on the same boat!

Questions ARE IMPORTANT AS ANSWERS!