Lockton Insurance for NEPIC Members

Agenda  Overview and background  Who is behind the scheme?  Benefits – getting a better deal  Case Study  Gaining long term benefits  Engaging with Lockton  Questions

Overview and background  Initiative driven by Stan Higgins and the NEPIC team with the aim of:  providing significant benefits to the NEPIC member companies  bespoke solutions, tailored to the needs of each individual member – NOT a one size fits all solution

Who is behind the scheme? Lockton  15,000 clients across multiple industry sectors  4,000 associates  52 offices in 16 countries  £10m+ premiums placed  £600m in revenues  Founded 1966 – Jack Lockton, Kansas City  Largest independently owned broker in the world  9 th largest insurance broker in the world (Source: Business Insurance July 2010)

Who is behind the scheme? Global Insurer Panel  AllianzA+  ChartisA  AceA+  QBEA  ZurichA+  Travelers A+ Financial Strength A.M. Best A+Superior A Excellent Criteria for selection  Financial strength  Sector appetite, knowledge and expertise  Ability to write cover for SME to large global multi- nationals  Market leading service, risk management resource  Commitment to North East through local offices

Benefits – getting a better deal  Guaranteed premium savings  At least 10% although we anticipate this will be greater in most cases  Broader cover  Higher limits of indemnity as standard  Broader policy cover  Market leading risk management support  Health & Safety  Business Continuity Planning  Motor fleet risk management  Enhanced claims support  Major loss claims specialists  Crisis management support

Case Study  ABC Ltd  180 Staff  £26m turnover  Moved to Lockton on a ‘NEPIC style’ scheme  Premium £240k prior to joining scheme - £176k through the facility  Moved to an enhanced policy wording available through the scheme  3 months after moving to us they suffered a significant loss as a result of a fire  Loss would not have been covered on a standard policy wording  £4m claim paid

Gaining long term benefits  Significant bespoke benefits available now  Insurers have bought into a simple concept  500+ companies they would like to insure  Offer better benefits to the collective group  Long term – the more companies placing cover through the facility the better it gets  Price  Cover  Additional services

Engaging with Lockton  Not a one size fits all facility  Please engage with us to discuss the benefits of a tailored solution for your business

Questions