Graeme Trudgill. Technical and Corporate Affairs Executive, British Insurance Brokers Association

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2 We have always been impressed with the level of service and expertise from Howden when it comes to Professional Indemnity. Their appointment to the BIBA PI panel is testament to their experience with Brokers PI and has enabled them to design a marketleading scheme with our members needs in mind. This scheme, offered exclusively through Zurich, offers extremely high standards of cover and service and we are delighted to have them on our panel. Graeme Trudgill Technical and Corporate Affairs Executive, British Insurance Brokers Association

3 ABOUT HOWDEN In 1994 David Howden and Mark Pangborn founded Howden Insurance Brokers and set about building a unique type of Lloyd s broker. With three core principles, client focus, pioneering spirit and meritocracy, the group has grown to a network of 43 offi ces in 22 countries, headquartered in London. The company has a compound annual growth rate of over 30%, a testament to our people, our service and the strength of the products we offer to clients. Howden is recognised as a leading expert in the fi eld of indemnity, with clients ranging from large multinationals to UK-based sole practitioners. We succeed in areas where other brokers do not because we make sure we understand our clients core business, and use this knowledge to educate insurers so that they understand our clients risks. Howden is the broking arm of the Hyperion Insurance Group, winner of a Queen s Award for Enterprise in the International Trade category in 2007 and ranked for the second year running in the 2008 Sunday Times Buyout Track. Hyperion is backed by 3i, a world leader in private equity. ABOUT THE BIBA PI SCHEME Having been appointed to the BIBA PI panel at the beginning of April 2008, Howden has developed a brand new policy with Zurich, which is designed to refl ect the demands of the modern day business environment. By teaming up with Zurich, Howden is able to deliver a market leading Professional Indemnity Insurance product for Insurance Intermediaries.

4 Howden have produced a first class BIBA PI solution for members, offering an excellent policy in conjunction with Zurich. I am very happy to recommend their services to other brokers. Paul Dickson Dickson Insurance Brokers

5 ABOUT THE SCHEME Howden have written a truly client-centric policy offering cover for both traditional risks associated with insurance intermediaries and for the new risks that have come about as a result of the ever-changing regulatory environment. Distinctly, the policy includes cover for non-regulated activity : that which may occur when an individual unwittingly provides advice outside the authorised parameters set by the regulators. It also includes Fidelity cover, usually a stand alone policy, and, given the propensity for insurers to favour claims settlement by mediation, the policy also offers a 50% reduction in the excess if a claim is settled in this way. Trust Howden to arrange your Professional Indemnity Cover: Exclusive partnership with Zurich Well established insurance intermediary client base, arranging insurance for over 150 brokers and intermediaries in the UK Full innocent non-disclosure First party cover for FSA investigation costs Specialist in-house Professional Indemnity claims team Delivering outstanding service, no matter the size of the business Competitive prices Working closely with BIBA to innovate and evolve the PI product and related service to meet the needs of BIBA members Experienced dedicated team

6 Zurich has worked in close partnership with Howden to deliver an innovative product that we believe best suits the needs of BIBA members. From the feedback received so far this has been a very worthwhile initiative. Stuart Quinlan Head of Professional & Financial Lines, Zurich

7 THE INSURER: ZURICH Zurich Insurance plc is a member of the insurance-based fi nancial services provider Zurich Financial Services Group (Zurich). Zurich has a global network of subsidiaries and offi ces in North America and Europe as well as in Asia Pacifi c, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 58,000 people serving customers in more than 170 countries. As part of Zurich Insurance plc, Zurich Professional & Financial Lines offers years of specialist PI expertise and fi rst-class local knowledge of their markets from dedicated underwriting teams throughout the UK. This knowledge combined with the experience of a global Professional & Financial Lines network allows us to deliver market leading products across a broad spectrum of professions supported by a fi rst-class claims service and risk management proposition. CONTACT US To discuss your PI requirements or for a copy of our proposal form please contact our dedicated BIBA PI team: T: +44 (0) E: biba@howdengroup.com

8 Bevis Marks House 24 Bevis Marks London EC3A 7JB United Kingdom Tel: +44 (0) Fax: +44 (0) A subsidiary of Howden Broking Group Limited, part of the Hyperion Insurance Group. Howden Insurance Brokers Limited is authorised and regulated by the Financial Services Authority: Firm reference number