1. A.M. Best Mock Rating Session June 6, 2011 4:00 pm – 5:00 pm Gardenia Room

2. A.M. Best – Mock Rating Session Speakers:  John Andre, Group Vice President, A.M. Best Company  Steven Chirico, Assistant Vice President, A.M. Best Company  Fred Eslami, Senior Financial Analyst, A.M. Best Company  Janet Hernandez, Senior Financial Analyst, A.M Best Company Moderator:  Greg Tyers, Vice President, Marsh IAS Management Services (Bermuda) Ltd.

3. Ratings Division Process - Internal  Initial analytical discussion takes place  Data submission  Analytical team meets with management and prepares the recommendation  Analytical team presents to a Peer Review Committee (PRC)  PRC votes to determine rating assignment  Depending on circumstances, additional rating committees may be utilized

4. Ratings Division Process – External  Final rating determination is communicated to company  If management disagrees, company has three days to appeal  President’s Letter, rating report, and press release draft sent to company for approval  Rating is published in A.M. Best products and in the public domain (Business Wire)

5. Key Components Management Business Profile Enterprise Risk Management Operating Performance Parent Company / Sponsor Financial Analysis Balance Sheet Strength

6. QUANTITATIVE ANALYSIS REPORT (QAR) Overview & Profitability Analysis

7. QUANTITATIVE ANALYSIS REPORT (QAR) Loss & ALAE Reserve Development Analysis

8. QUANTITATIVE ANALYSIS REPORT (QAR) Investment, Liquidity, Underwriting & Loss Reserve Analysis

9. QUANTITATIVE ANALYSIS REPORT (QAR) Detailed Profitability Analysis

10. QUANTITATIVE ANALYSIS REPORT (QAR) Cash Flow Composition & Ratio Analysis

11. BEST ’ S CAPITAL ADEQUACY RATIO (BCAR) Base BCAR – 12/31/2010

12. BEST ’ S CAPITAL ADEQUACY RATIO (BCAR) Stressed (10% PHS Loss) BCAR – 12/31/2010

13. BEST ’ S CAPITAL ADEQUACY RATIO (BCAR) Base Projected BCAR – 12/31/2011

14. BEST ’ S CAPITAL ADEQUACY RATIO (BCAR) Stressed (10% PHS Loss) Projected BCAR – 12/31/2011