41 CONVERIUM INSURANCE

Address:

Converium Insurance UK

Level 12, 71 Fenchurch Street London

EC3M 4BS

t: 020 7553 8100

f: 020 7553 8120

w: www.converium.com

Chief officer: Alan Grant, managing director

Major shareholders: 100% owned by Converium AG

Number of UK offices: 1

Number of UK employees: 9

Main lines of business: Liability, aviation

Company history: The company was formed in July 2003 in order to issue insurance policies for certain Converium joint venture partnerships, namely the Medical Defence Union, Global Aerospace and SATEC.

Chief officer Biography: Alan Grant commenced his insurance career in 1975, working in Lloyd's and with CAN Reinsurance of London, joining Converium in November 2002 and subsequently established Converium Insurance (UK) as a new FSA-regulated company.

42 MUTSUI SUMITOMO INSURANCE

Address:

71 Fenchurch street

London

EC3M 4BS

t: 020 7977 8321

f: 020 7977 8300

e: enquiries@mslim.com

w: www.mitsui-marine-intl.com

Chief Officer: Allan guest, chief executive

Company history: In October 2001, Mitsui Marine & Fire Insurance and Sumitomo Marine & Fire Insurance merged and re-emerged as a new entity, Mitsui Sumitomo Insurance (MSI). Spearheading the merged entities is MSI's London market operation Mitsui Sumitomo Insurance (London Management), established in April 2000.

43 AIOI INSURANCE (JAPAN)

Address:

1st Floor

50 Mark Lane

London

EC3R 7QR

T: 020 7481 9157

F: 020 7481 9158

w: www.aioi.co.uk

Chief officers: Ron Iles, Chairman, Nigel Howard-Jones, Chief Executive

Main line of business: Motor insurance

Company history: Aioi Motor and General Insurance Company of Europe Limited is a wholly owned subsidiary of Aioi Insurance Company Limited Japan and was established to provide first class products and solutions to key international Japanese companies and their customers. The company started underwriting business on 1 January 2005.

Aioi Motor & General's clients already include many of Japan's largest companies and it provides motor insurance and other related products to their customers. The company also insures the European operations of its parent company's major clients.

Headquartered in London, Aioi Motor & General is licensed to provide insurance solutions to all 26 EU countries. The company is operational in six European countries and is looking to expand this coverage significantly over the next few years as part of its aggressive growth strategy. The current product range will also be expanded to include credit life in addition to core insurance products.

44 GENERAL MOTOR CORP

UK address:

Motors Insurance Company Ltd

Jubilee House

5 Mid Point Business Park, Thornbury,

W Yorkshire

BD3 7AG.

t: 0870 752 7150

f: 0870 752 7110

w: www.gmeurope.com

Chief officer: Carl Peter-Forster, president GM Europe

Major shareholders: Car Care Plan (Holdings). Ultimately motors insurance is a member of the General Motors family

Number of UK offices: 1

Number of UK employees: 17

Main lines of business: Mechanical breakdown insurance, GAP insurance and wholesale floor plan insurance

Company history: Motors Insurance Company (MICL) was established in 1993 and with its sister company Car Care Plan is part of Car Care Plan (Holdings) group of companies.

MICL is a UK-registered insurance company, regulated by the UK FSA. Working in partnership with Car Care Plan and other administrators, it carries the underwriting risk on mechanical breakdown programmes provided throughout the UK and mainland Europe and in Brazil, Australia and Singapore for a wide range of motor manufacturer and motor dealer customers. In many cases, this is through reinsurance relationships with local insurers, combining MICL's specialist product knowledge with the third-party insurer's knowledge of the local market.

MICL has also established wholesale floor plan insurance programmes in many European countries and Australia, providing a costeffective means for finance companies and dealers to protect their vehicle stocks.

GAP insurance is underwritten in the UK providing protection against shortfalls arising from the total loss of a vehicle.

45 ALLIED WORLD ASSURANCE

Address:

3rd Floor West

22 Billiter Street

London

EC3M 2SS

t: 020 8480 4421

e: john.redmond@awac.com

w: www.awac.com

Chief Officer: Michael ID Morrison

Main lines of business: Allied World focuses on three business segments: property insurance, casualty insurance and reinsurance. We underwrite a broad range of risks within each segment and from our operations in Bermuda, Europe and the United States. We will continue to expand our business to further meet our clients' needs and as market forces dictate.

Company history: Allied World Assurance Company Holdings, Ltd was established in 2001 to fill a need for capacity after the tragic events of 9/11. Today the Company currently employs nearly 250 staff worldwide and offers a mix of insurance and reinsurance solutions to a global clientele. Allied World maintains offices in Bermuda, Boston, Chicago, Dublin, London, New York and San Francisco.

46 NAVIGATORS INSURANCE

Address:

7th Floor

2 Minster Court

Mincing Lane

London

EC3R 7XT

T: 020 7220 9310

F: 020 7283 4072

w: www.navg.com

Year established: 1986

Main lines of business: Marine insurance

Company history: The Navigators Group, Inc is an international insurance holding company with insurance company operations, underwriting management companies and operations at Lloyd's of London.

Navigators primarily underwrites marine insurance and related lines of business, contractor's general liability, professional liability insurance. Headquartered in New York City, with offices in major insurance centers in the United States and the United Kingdom, Navigators is one of the largest marine insurers in the world.

Navigators is committed to the principles of underwriting excellence and to providing quality service to its clients. The insurance companies within The Navigators Group are rated 'A' (Excellent) by A.M. Best Company and 'A' (Strong) by Standard & Poors. The Navigators Group, Inc. is traded on the NASDAQ under the symbol NAVG.

The Group's wholly owned subsidiary, Navigators Underwriting Agency Limited, is a Lloyd's of London marine underwriting managing agency which manages Millennium Syndicate 1221 at Lloyds. Millennium Underwriting Limited and Navigators Corporate Underwriters Limited are Lloyd's corporate members with limited liability. They are wholly owned subsidiaries of the Group and participate for the majority of the capacity offered by Millennium Syndicate 1221, which has one of the larger specialist marine portfolios at Lloyd's.

To expand its regional presence in the United Kingdom, in 1999, Navigators Underwriting Agency Limited formed Navigators Underwriting Ltd, formerly know as Pennine Underwriting Limited, which operates from Manchester and Basingstoke England. Navigators Underwriting Ltd provides cargo and engineering insurance for clients in the broader UK market.

47 TRADEX INSURANCE

Address:

Victory House

7 Selsdon Way

London

E14 9GL

t: 020 7001 9200

f: 020 7068 7730

e: victoryhouse@tradex.com

w: www.tradex.com

Chief officer: Roy Clegg, chief executive

Year established: 1995

Main lines of business: motor insurance

Company history: Founded in 1995, Tradex specialises in insurance for businesses in all sectors of the motor trade. With headquarters in London, six further offices provide cover across Britain.

Last year, Tradex was one of the Sunday Times' Fast Track 100 companies and this year it ranked 40th in the Sunday Times Profit Track 100.

When Tradex started it specialised in a market that many perceived to be more trouble than it was worth - the motor trade and its associated risks. Over time, Tradex has built up a wide portfolio of motor trade business - from small to large, from specialist to general, from sales from home to only fully integrated sales, workshop and body shop enterprises.

Unusual cover became another area of expertise; ice cream vans, funfairs, get you home services, specialist commercial - if it involved a vehicle, Tradex would cover it easily, efficiently and economically.

Its sister company, Cleff Gifford Co Ltd, is a Lloyd's broker, established in 1967 writing motor trade business. Its subsidiary company, Clegg Gifford Private Clients Ltd are mortgage specialists, so the company's pedigree and resources are well assured.

The company welcomes enquiries from brokers and direct customers alike.

Other key personnel: Stephen Endean, chief finance officer

48 BINOMIAL GROUP

Address:

Sabre House

150 South Street

Dorking

Surrey

RH4 2YY

t: 01306 740 074

F: 01306 889 888

E: info@sabre.co.uk

W: www.sabre.co.uk

Year Established: 1982

Number of UK employees: 103

Chief Officers: Keith Morris, chief executive

Company History: Sabre Insurance Company Limited is a UK FSA authorised insurer specialising in non-standard motor insurance. Sabre has around 100 employees and is based in Dorking, Surrey.

Set up as an underwriting agency in 1982, Sabre became an insurance company in 1991 and was, at that time independently owned.

In 1996 General Accident bought the company, following which GA merged with Commercial Union to form CGU Insurance. Shortly afterwards, CGU merged with Norwich Union to form CGNU (now Aviva).

In 2002 CGNU sold Sabre to BDML Group, an independent company specialising in the insurance sector. In 2005 BDML Group sold its broking subsidiary BDML Connect to Capita and changed its name to Binomial Group Limited. Sabre Insurance Company is a wholly owned subsidiary of Binomial Group Limited.

Chief officer Biography:

Previously joint managing director of GAN Insurance, Keith Morris brings a wealth of insurance experience to the BDML Holdings Board. Initially involved in commercial underwriting for Excess Insurance Company, he developed his commercial underwriting skills extensively from 1981 to 1991 with AFIA, latterly known as CIGNA Worldwide, leaving there as Assistant Vice President in charge of non-Marine London Market operations.

At GAN Insurance, where he joined the board in 1991 and became joint managing director in 1996, Keith Morris had control of underwriting, claims, marketing and product design. Keith has also served on the ABI GIC Management Committee and was Chairman of the CEA Economics and Finance Committee.

Chief actuary of GAN Group, Angus Ball plays a key role in ensuring the effective rating structures for all products and services, and controlling the financial management of BDML Holdings and all its subsidiary companies.

His experience at Tillinghast, Eagle Star and then GAN Insurance Group, in a variety of senior actuarial roles, is particularly important in determining the pricing and product development strategies for the group. He also identifies where business processes can be optimised for the benefit of Sabre and its customers, and contribute generally to management and strategic issues.

Main lines of business: non-standard motor insurance

Other key personnel: Angus Ball, finance director; Patrick Swords, underwriting director; David Warnock, claims director.

49 SCORSA

Address:

SCOR UK Company Ltd

London Underwriting Centre

3 Minster Court

Mincing Lane

London EC3R 7DD

Immeuble SCOR La Defense 8 92074 Paris-la Defense cedext

T: +33 1 46 98 70 00

F: +33 1 47 67 04 09

E: scor@scor.com

W: www.scor.com

Chief officer: Laurent Thabault, managing director Scor UK

Auditors: Ernst & Young Audit

Company History: France's leading reinsurer, the SCOR group aims to be a medium-sized reinsurance company with worldwide operations, following a profit-driven underwriting policy and practicing selectively across all the different branches of reinsurance.

Its teams operate in over 130 countries. They develop value added, innovative and tailor-made products and services and make long-term commitments to their clients, namely insurers and large corporations.

SCOR divides its operations equally between the following sectors:

Non-Life Reinsurance

- Treaties: civil liability (motor and general), fire, natural catastrophes, construction and decennial civil liability

- Large Corporate Accounts: transfer of industrial company or service risks with large, technological or complex exposure due to the capital or issues at stake, such as oil, space risks, semi-conductors, mines, automobiles, transport infrastructure and networks, and large projects

- Credit and Surety: credit, surety and political risks coverage.

Life Reinsurance

The reinsurance of individual or group life, long-term care, substandard risks, and finance.

50 AA UNDERWRITING SERVICES

Address:

Fanum House

Basing View

Basingstoke

Hampshire

RG21 4EA

Main lines of business: Roadside assistance, legal services, miscellaneous

Year established: 1990

UK offices: 1

UK employees: 77

UK general insurance agents: 30

Major shareholders: Assurant Solutions is part of Assurant, a premier provider of specialised insurance products and related services in North America and selected other markets. Assurant is traded on the New York Stock Exchange under the symbol AIZ and has approximately $20bn in assets and $7bn in annual revenue.

Main lines of business: Mortgage payment protection; income protection; term life; personal accident; personal property protection; credit card price protection; credit card purchase protection

Subsidiaries: Bankers Insurance Company; Bankers Life Assurance Company

Company history: Clients of Assurant Solutions and AE(C)eir customers access over 50 years of global knowledge and experience backed by the financial strength and security of its US parent company.

Assurant Solutions traces its history back to 1941 when Canadian-born entrepreneur Kirk A Landon sold his prized stamp collection for $5,000. He used the funds to form American Bankers Insurance Company of Florida to market a range of new insurance products - credit life, credit disability and unemployment insurance.

That laid the foundations of creditor insurance as it is today. American Bankers exported the concept of creditor insurance to the UK in 1972 by establishing Financial Assurance Company. Between 1989 and 2004, the group traded as Bankers Insurance and Assurant Group.

It adopted the name Assurant Solutions in February 2004 after its parent company, now Assurant Inc, went public through an IPO on the New York Stock Exchange.

In the UK, Assurant Solutions firms are focused on niche risk management and provide customised solutions designed to help clients manage their risk-based activities and maximise their revenue potential.

Assurant Solutions designs, develops, underwrites and markets niche insurance lines through strategic partnerships with banks, building societies, retailers, brokers, affinity groups, car dealerships and utility companies, both in the UK and the Republic of Ireland.

OTHER KEY PERSONNEL: Ian Moffatt, sales and marketing director. Slavko Gvero, finance director. Martin Byron, operations director

Chief officer biography: Daniel Le Fleming has been managing director of Assurant Solutions in the UK & Ireland since 2001 and is a board member of the Assurant Solutions companies in the UK.

Since his appointment as managing director, Le Fleming has refocused the business - building upon the core heritage of products developed by Assurant Solutions' parent company to become a specialist in the creditor insurance marketplace.

The group's core business has more than doubled in the past three years and has delivered consistent profit growth under his leadership. He has also been responsible for building a strong and energetic management team to support him as he takes the business forward.

Le Fleming's stated aim is to drive Assurant Solutions' growth strategy in the EU through the introduction of innovative products and services into the niche areas in which Assurant Solutions currently operates, and entering new markets.

Le Fleming trained as a chartered accountant with Ernst & Young in London. He then worked as a business adviser and auditor for PricewaterhouseCoopers both in New York and London, specialising in insurance.

He joined Assurant Solutions in 1996 to head up the finance function in the UK.