1. Sony Pictures Entertainment Inc
Sony Pictures Entertainment Inc. International Property Pre-Renewal Meeting January 24th, 2013

2. International Casualty Program Summary

3. International Premium Summary

4. Premium / Exposure MCIP - Argentina - Australia - Belgium - China
- Hong Kong
- Mexico
- Russia
- Singapore
- South Korea
- Spain
- UK & Ireland
- Venezuela
- European FoS
- Terrorism
- Japan EQ
DIC/DIL
- Italy
- UK
- Terrorism
- Japan EQ
Premium:
$216,441
Premium:
$204,522
Premium:
$255,291

5. Loss Summary 0%
1.5%
0.8% 0%

6. State of the Market Before Hurricane Sandy Aftermath
Market at near-record capacity
Large drop in CAT losses compared to 2011
Combined ratio 102.2% v % in 2011
Investment income flat, but improving
Aftermath
Capacity holding steady – surplus of $507.8B (-0.5%)
Competition will keep rate increases to a minimum
Rates increasing 2-6% on non-CAT exposed business
Proactive marketing strategy will minimize impact of rate increase
Carrier communication
Deductibles/Sublimits
Storm Surge
Wind/Flood
Contingent Business Interruption

7. Renewal Objectives
Carefully review increasingly stringent CAT terms and conditions.
Maintain MCIP strategy and continue to achieve saving through policy roll-in.
Evaluate alternative markets to keep pricing/terms competitive.
Challenge Chubb/Carrier to improve ‘best practices’.

8. Renewal Timeline Activity Target Date
Initial Meeting With SPE to Discuss Objectives, Strategies, Options, Expectations and Process
1/24
Lockton Develops Coverage Specifications and Distributes the Underwriting Package to the Market
1/28
Initial Indications Including Terms and Pricing Due From Carriers
2/18
Lockton Presents Renewal Proposals to SPE
Week of 2/18
Conference Call Between SPE and Lockton to Finalize Placement
Negotiations are Finalized and Any Remaining Subjectivities Addressed
Week of 2/25
SPE Confirms Order to Bind Coverage
Lockton Binds Coverage as Instructed and Delivers Insurer Binder and Invoice to SPE
Lockton Issues Renewal Instructions to Global Partners
Policy Inception
3/1