1. IUMI International Union of Marine Insurance IUMI in a Nutshell Organization, Work and Current Developments IUMI Executive Committee Spring Meeting, Rio FENSEG Market Conference, Thu, 22nd May 2014 Lars Lange IUMI Secretary General, Hamburg Lars Lange/ Rio 22/05/2014 Page 1

2. IUMI International Union of Marine Insurance What is IUMI? Lars Lange/ Rio 22/05/2014  IUMI: International Union of Marine Insurance  Established 1874 in Berlin, IUMI moved after the second World War to Zurich Page 2

3. IUMI International Union of Marine Insurance What is IUMI? Lars Lange/ Rio 22/05/2014  since 2013 head office in Hamburg / Germany  IUMI considers all issues of interest to the worldwide marine insurance industry Page 3

4. IUMI International Union of Marine Insurance Issues of Interest? Lars Lange/ Rio 22/05/2014 Page 4

5. IUMI International Union of Marine Insurance Who are IUMI's members? Lars Lange/ Rio 22/05/2014  49 national insurance and marine insurance associations and  19 IUMI Professional Partners (IPPs), all related to the marine insurance business  IUMI is representing Marine Insurers and Re-Insurers  Brokers?  P&I Insurance? Page 5

6. IUMI International Union of Marine Insurance How is IUMI organized? “a professional body which is run by and for its members” Lars Lange/ Rio 22/05/2014 Page 6 Staff: - IUMI Office in Hamburg - Press Work / IMO Liaison in London Membership: - Executive Committee - 7 Technical Committees - Political Forum, Salvage Forum - Council

7. IUMI International Union of Marine Insurance Political Forum  Founded in 2012  11 members:  8 members: Secretaries / Membership,  Plus President, SG, IUMI IMO Liaison Officer  Recommends action to the IUMI Executive Committee and the IUMI Technical Committees  „Current Issue List“ Page 7 Lars Lange/ Rio 22/05/2014

8. IUMI International Union of Marine Insurance Political Forum  Founded in 2012  11 members:  8 members: Secretaries / Membership,  Plus President, SG, IUMI IMO Liaison Officer  Recommends action to the IUMI Executive Committee and the IUMI Technical Committees  „Current Issue List“ Page 8 Lars Lange/ Rio 22/05/2014

9. IUMI International Union of Marine Insurance Political Forum Page 9 Lars Lange/ Rio 22/05/2014

10. IUMI International Union of Marine Insurance Project “IUMI 2015”  IUMI 2015: “more political and more visible”  Moving head office to Hamburg, full time SG, more workforce in the office  development of capacities  Increased involvement of member associations  Increased cooperation with other associations  Increased involvement at IMO, at local authorities like EU and other stakeholders in maritime business  More information to the membership and third parties Page 10 Lars Lange/ Rio 22/05/2014

11. IUMI International Union of Marine Insurance New Articles of Association  Reflect all changes within the IUMI 2015 process  As compliant, transparent and modern as possible  Terms of reference for the Technical Committees  Transparent voting procedures  Proper accounting and auditing  Council decision in September 2014 during the Hong Kong conference Lars Lange/ Rio 22/05/2014 Page 11

12. IUMI International Union of Marine Insurance How does IUMI work?  Lobbying  IMO  Local Authorities  Stakeholders Maritime Business  Information  Conferences, Meetings  Press Work, IUMI Newsletter  Services  Statistics Lars Lange/ Rio 22/05/2014 Page 12

13. IUMI International Union of Marine Insurance IUMI's unique status  IUMI has a unique status in the world of marine and transport insurance  IUMI is dedicated to maintain and expand trade, focusing not only on developed but more and more also on emerging markets  South America  Asia Lars Lange/ Rio 22/05/2014 Page 13

14. IUMI International Union of Marine Insurance That‘s it Lars Lange Große Elbstraße 36 22767 Hamburg Germany +49 – 40 2000 747 – 0 lars.lange@iumi.com Page 14 Lars Lange/ Rio 22/05/2014