Chesterfield Group is an independent Lloyd's insurance broker based in London, formed in 1999. It was acquired by Kaufman Financial Group in 2012. Chesterfield handles $300 million in insurance premiums annually and partnered with Cooper Ninve Insurance Agency in 2017. Cooper Ninve is a Lloyd's brokerage based in Tel Aviv founded in 2010. It obtained Lloyd's OMC status in 2017. Chesterfield, Cooper Ninve, and Acappella Underwriting, a Lloyd's syndicate, have partnered to provide bespoke insurance packages for individual safety officers, covering professional liability and other risks.

2. About Chesterfield Group
• Independent specialist Non-marine Lloyd’s Insurance Broker based in the City of London
• Formed in 1999 by the core management team still in place
• Acquired by Kaufman Financial Group January 2012 - strong
financial backing
• Insurance Premium handled $300 million
• Partnered with Cooper Ninve Insurance Agency in 2017 following
a long and profitable business relationship
• Key contacts:
• Andrew Thacker – Executive Director
• Nathan Rose – Assistant Director and Head of Liability
• Michael Corradi – Liability Broker

3. THE LOCKTON MISSION
To be the worldwide value and service leader
in insurance brokerage, risk management,
employee benefits, and retirement services.
BY THE NUMBERS
LOCKTON
GOAL
To be the best place to do
business and to work.

4. A GROWTH CULTURE
$500
$600
$700
$800
$900
$1,000
$1,100
$1,200
$1,300
2009 2010 2011 2012 2013 2014 2015
RevenueinMillions
Lockton at a Glance
• 31 US offices
• Headquarters in Kansas City
• 35 offices throughout Europe, Latin
America, Asia Pacific, and Middle East
• Serve clients in virtually every country

5. About Cooper Ninve Insurance Agency
• Tel-Aviv based Lloyd's brokerage, founded and operated by experienced Israeli insurance
professionals who possess more than thirty years serving the Israeli insurance market.
• Established in 2010 by Joshua "Shuki" Natan and Ilan Ziv
• A Lloyd’s OMC and from January 2017 a Lloyd’s Coverholder
• Licensed for all types of Insurance
• Key contacts:
• Joshua ‘Shuki’ Natan – Partner / General Manager
• Ilan Ziv – Partner / Head of Sales and Marketing
• Nina Kodner – Head Underwriter

6. Recent Successes
• A specialist Insurance team for unusual, hard to place and bespoke risks
• Medical Malpractice for individual practitioners, clinics and hospitals
• Combined Liability for Private Security Companies
• Liability
• Special Event Cancellation

7. About Acappella Underwriting
• Lloyd’s Insurance Syndicate with a capacity of £130 million
• A-rated Security and protected by the Lloyd’s Central Fund
• Managed by Pembroke Managing Agency
• Write 28 separate Insurance classes
• Support Cooper Ninve and Chesterfield across a range of initiatives
• Key contacts:
• David Jones – Divisional Head of Liability
• Matthew Mason – Class Underwriter, Professional Lines

8. AHL: NYSE 8
ASPEN OVERVIEW:
• Bermuda-domiciled specialty insurer and reinsurer
• $2.9 bn gross written premiums for the twelve months ended
June 30, 2015( 1)
• Underwriting focused company with industry-leading
underwriting expertise, risk aware and collaborative culture
and team-based decision making
• Long-term track record of shareholder value creation
• Clear strategy to create superior value through well-
balanced business portfolio, enhancing investment returns
and capital efficiency
• Proven management team, disciplined risk management and
balance sheet strength
• Strong balance sheet with ratings of A / Stable (S&P),
A2 / Stable )Moody’s) and A / Stable )A.M. Best) for
Aspen’s operating subsidiaries
Q2 2015 LTM(1) INSURANCE BUSINESS LINES
Q2 2015 LTM(1) REINSURANCE BUSINESS LINES
Q2 2015 LTM(1) COMPANY BUSINESS MIX
(1) LTM: Last Twelve Months through June 30, 2015

9. AHL: NYSE 9
AN INCREASINGLY DIVERSIFIED BUSINESS MIX
)GWP $ in mm)
$375
$2,067
$1,307
$1,587
$2,093
$2,002$1,946
$2,077
$2,583
$2,208
$2,647
$2,903
$1,819
Note: Included in Lloyd's is our Lloyd's insurance and reinsurance business as well as business written on the Lloyd's platform that is counted in U.S. Insurance.

10. Slide 10
Tokio Marine Kiln (TMK) – Syndicate 510
• TMK has been underwriting specialist (re)insurance since 1962 and employs over 800 people
in 21 cities
• TMK underwrites on both the Lloyd’s and the Company Platform with a A+ Security Rating and,
in 2015, underwrote USD 2.3bn of GWP
• Products include Liability, Property, Aviation, Space, Motor, Construction, Marine, Cyber,
Accidental Health and Life
• Liability is TMK’s fastest growing class of business. Headed by Chris Jones, it consists of 7
underwriters who write over USD 150,000,000 GWP per annum
• The Middle East is one of TMK’s fastest growing territories
• 70% of this book is through facilities similar to Cooper Ninve’s Binding Authority
• TMK has one of the best and most well-respected Claims Teams in the market and are at the
forefront of innovation in the Lloyd’s Market

11. CNA Hardy - Overview
• CNA Hardy and CNA Financial Corp.
• HQ in Chicago
• 8th largest commercial insurer in the U.S.
• Founded in 1897
• 7,000 + employees worldwide
• GWP of US $ 10 bn
• Strong Financial Rating ‘A’

12. CNA Hardy - Overview
• 40 years at Lloyd’s
• 2015 GWP US $ 750m
• Casualty :
Team of four with combined experience of over 100 years
US $ 30m line
All aspects of liability coverage offered from US domiciled risks to Product
Recall and Guarantee
• Energy & Marine
• Healthcare
• Property
• Specialty
• Offices in Netherlands, Belgium, Germany, France, Italy, Denmark and
Singapore

13. Collaboration with the IPSA
• Working closely with the IPSA, Chesterfield, Cooper Ninve and Acappella Underwriting have
produced a bespoke Insurance ‘package’ to cater for the needs of individual Safety Officers
• Cover can be provided for ‘groups’ of Safety Officers including an optional extension for entity
cover
• Insured’s would be protected from Professional Indemnity and Liability claims made against
them, by a Lloyd’s Insurer with A-rated security
• Up to $5 million of combined cover can be offered under one policy
• Competitive premiums and options for further discounts with higher deductibles

14. A history of

15. 17th century
1688
Edward Lloyd’s coffee house is first mentioned in
the London Gazette. It is frequented by ship owners
and merchants seeking shipping news, which
attracted those providing insurance for ships and
cargo – the underwriters.

16. 18th century
1760
Underwriters at Lloyd’s form the independent
society that becomes Lloyd’s Register of Shipping.
1771
Seventy-nine underwriters subscribe £100 each
towards a new building and making them Lloyd’s
first subscribers. Nine of these subscribers are
elected to a Committee.
1774
Lloyd’s moves to the Royal Exchange in Cornhill.

17. 19th century
1802
Lloyd’s provides £2,000 to establish lifeboats on
Britain’s coasts. This was the beginning of the lifeboat
service, operated since 1824 by the Royal National
Lifeboat Institute.
1811
Lloyd’s adopts a Trust Deed which allows the
Committee to legally manage the affairs of the
subscribers.
1838
The Royal Exchange and many early Lloyd’s records are
destroyed in a fire.
1871
Lloyd’s Act of Parliament makes it illegal for anyone
who is not a recognised underwriting member of
Lloyd’s to sign his name to a Lloyd’s policy. From 1873,
to further cement this new status, Lloyd’s adds a seal
to every policy.

18. 20th century
1906
San Francisco earthquake devastates the city and Cuthbert
Heath promises to pay the policy holders in full irrespective of
the terms of their policies.
1908
Auditing of members’ accounts is introduced and they are
obliged to pay premiums into trust funds which ensures that
Lloyd’s is financially robust.
1912
Lloyd’s writes the insurance policies for the Titanic and her
sister ship, Olympic. When the Titanic sinks on 14 April, all
claims are paid out in full within 30 days of the tragedy.

19. 20th century
1927
Lloyd’s Central Fund is created, and at the discretion
of the Committee, it ensures valid claims are paid.
1928
King George V and Queen Mary open Lloyd’s new
building in Leadenhall Street.
1939
Lloyd’s America Trust Fund is established.
1958
Lloyd’s moves to Lime Street and the Queen Mother,
along with Princess Margaret, open the premises.

20. 20th century
1982
The Lloyd’s Act of 1982 is put in place which
introduces a new governing Council.
1986
Her Majesty the Queen opens Lloyd’s new building
in One Lime Street, designed by Richard Rogers.
1994
Introduction of corporate capital.
1997
Lloyd’s syndicates lead the cover for the Hibernia
oil platform which is believed to be the largest
single risk ever placed in the international energy
insurance market. The 650,000 tonne structure
operates off Newfoundland.

21. 21st century
2001
Two hijacked planes are flown into the World Trade Center
in New York. Lloyd’s was the biggest single insurer of both
the World Trade Center and the two hijacked planes.
2002
New franchise proposals approved and a Franchise board is
appointed to ensure the marketplace is working to the
highest standards.

22. 21st century
2005
Hurricanes Katrina, Rita and Wilma hit the
Gulf of Mexico and Lloyd’s pay out $17bn to
help rebuild the devastated region.
2007
Lloyd’s open an onshore reinsurance
operation in Shanghai.

23. 21st century
2011
The second costliest year for catastrophes
on record for the insurance industry as a
result of floods in Thailand and Australia,
earthquakes in New Zealand and the
tsunami in Japan. Lloyd’s will pay out
approximately £13bn in claims.

24. 21st century
2012
Prime Minister David Cameron, Lloyd’s
Chairman John Nelson and Lloyd’s CEO
Richard Ward launch Vision 2025, a strategy
to ensure Lloyd’s becomes the major global
hub for specialist insurance and reinsurance.

25. Traditions at Lloyd’s
The Lutine Bell
In 1799 the HMS Lutine ship sunk on route from London to Germany,
carrying a vast sum of gold and silver, insured by Lloyd’s underwriters.
The Lutine Bell was recovered from the wreck and re-hung from the
rostrum of the Lloyd's Underwriting Room where it still hangs today.
It is traditionally rung to herald important announcements
Nelson at Lloyd’s
The Nelson Collection brings together an amazing assortment of valuable silverware, letters
and other memorabilia associated with Horatio Nelson. Nelson was famous for his service in
The Royal Navy during the Napoleonic Wars and died a hero at the Battle of Trafalgar in
1805. To show their gratitude for Nelson’s achievements, the merchants at Lloyd’s Coffee
House raised funds to relieve the suffering of the wounded and bereaved. The Lloyd’s
Patriotic Fund continues to provide support for ex-servicemen and women

26. Lloyd’s waiters
Lloyd’s waiters used to be sent down to the dockside to bring news of
the new ships. The waiters can still be seen at Lloyd’s today outside the
entrances to One Lime Street.
The Adam Room
Originally designed by Robert Adam in 1763 as part of Bowood House,
the Adam Room was inspired by a visit to Rome, leading Adam to create
a look of classical antiquity. The room was purchased by Lloyd’s and
now provides a striking contrast with the present Lloyd’s building.
Traditions at Lloyd’s

27. • 94 syndicates
• 3,872 coverholders
• £25.3bn of Gross Written Premium
• £3.2bn profits
• Combined ratio of 88.1%
From Lloyd’s 2014 Annual Report
Lloyd’s statistics

28. • Public Liability
• Products Liability
• Employers Liability
• Professional Indemnity
• All coverage based on the Israeli
BIT wordings
• Amendments, additions, and changes
can be made if requested and agreed
The Binding Authority
The Coverages

29. General
• Full description of the business, and all activities performed
including any new activities planned for upcoming year
• Countries of operation. Particular importance of any USA exposure
• Inception of Business
• Full claims history (5 years if possible)
• Any other facts material to the business
• Coverage required (including limits, deductibles, specific conditions)
• Any other risk management information if available
The Binding Authority
Information required

30. The Binding Authority
Information required
Public Liability
• Turnover (current year, and
upcoming year)
• Turnover split by activities and
territories if necessary
Products Liability
• Details of turnover by product
• Countries where products exported to
• Information of whether business
manufactures product or
just distributes
Employers Liability
• Employee numbers
• Total wageroll for all employees
• Details of any high risk work
(e.g work at height)
Professional Indemnity
• Details of any work/ advice provided
for a fee
• Confirmation if coverage purchased
previously
• Retroactive date required

31. The Binding Authority
Limits available*
Public Liability
• $1.15m each and every claim, and in the
aggregate
Products Liability
• $1.15m each and every claim, and in the
aggregate
Employers Liability
• $5m each and every claim, and in the aggregate
Professional Indemnity
• $1.15m each and every claim, and in the
aggregate
*Please note: Higher Limits
are available for all
products, but will need to
be referred to underwriters
in London to be agreed