1. 2011 Professional Risk Symposium: EPL, E&O and Fiduciary PRIVATE COMPANY D&O: MEETING EXPECTATIONS? Chicago, IL ~ March 24 & 25, 2011

2. PRIVATE COMPANY D&O: MEETING EXPECTATIONS? Moderator: Dennis Donovan, Executive Vice President, S.H. Smith & Company Panelists: Thomas Herendeen, RPLU, AFSB, Vice President, Management & Professional Liability, Philadelphia Insurance Companies Lisa Jones, Vice President, Chubb & Son Elizabeth “Liz” A. Roussel, Partner, Litigation, Adams and Reese LLP

3. Introduction with Historical Perspective Coverage Expansion and Impact on Types of Claims Seen  Anti-Trust  Competitor Suits  Consumer Protection

4. Key Highlights from Chubb 2010 Private Company Survey  Insurance purchase rates at about 25%  Fewer buyers today than in 2007! Why don’t they buy?  Who is Suing  Average Loss (settlements, judgments and legal costs) was $225,682

5. Policyholder Perceptions/Misperceptions  Reservation of Rights Letter  Insurance pays in full?  Role of Panel Counsel – upfront discussion

6. Role of Agent in Buying Process  Is it just a cross sell?  Do underwriters require a complete submission?  Automatic renewal pitfalls? Areas of Coverage Expansion and Withdrawal Economic Impact

7. What’s Next? Issues – Coverage – Trends  FCPA  Cyber  Side A for Private Companies

8. Questions?

9. PRIVATE COMPANY D&O: MEETING EXPECTATIONS? Moderator: Dennis Donovan, Executive Vice President, S.H. Smith & Company Panelists: Thomas Herendeen, RPLU, AFSB, Vice President, Management & Professional Liability, Philadelphia Insurance Companies Lisa Jones, Vice President, Chubb & Son Elizabeth “Liz” A. Roussel, Partner, Litigation, Adams and Reese LLP