Stability, Growth, and Innovation for Mutual Insurers

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1 Aon Benfield Mutual Insurance Practice Group Stability, Growth, and Innovation for Mutual Insurers Risk. Reinsurance. Human Resources.

2 Aon Benfield offers mutual insurers a customized approach Mutual insurers are facing considerable opportunities and challenges: the need to operate efficiently, comply with new and existing regulatory and rating agency standards, meet competitive pressures, and generate healthy growth. Companies that proactively address these issues will gain a competitive advantage to prosper for the long-term. Aon Benfield has a proven track record of delivering custom and specific solutions to meet the business objectives and unique coverage needs of mutual insurers. Growth strategies protect and add to your business New products and services for your customers Granular, customized market intelligence and access to big data Opportunity sizing and competitor assessment Evaluation of distribution channels, regulatory considerations, and opportunity economics Industry leading analytics partner with the industry s largest investor in data and analytics Predictive modeling Portfolio optimization Catastrophe management 45% reinsurance market share Capital solutions innovative answers to old questions Surplus notes opportunities Insurance-linked securities Mergers, acquisitions, and affiliations In-house investment bank with unique solutions for mutual insurers Operational consulting and benchmarking tackle the issues of today and tomorrow Enterprise risk management Rating agency advisory Dynamic financial analysis, capital, and pro forma financial modeling Ward Group performance benchmarking Claims consulting and claims management tools Succession planning Innovative reinsurance protect your policyholders and capital Stabilize results Minimize reinsurance costs and maximize reinsurance coverage Ensure your protections are a competitive advantage Recognized by NAMIC as a Preferred Service Organization for over 10 years $ 8.8B capital raised for start-ups

3 Extensive credentials and experience in the mutual insurance company market Aon Benfield brings unrivaled analytics, insights, and broking capabilities that are customized to specifically address the issues mutual insurance companies face today. Our Mutual Insurance Practice Group is a multi-disciplinary team of 22 individuals with an average of 22 years of industry experience from all specialty groups across Aon Benfield. Our team includes actuaries, accountants, consultants, property catastrophe modelers, and specialist reinsurance brokers from across the United States. 22 individuals With an average of 22 years of industry experience With a concentration of knowledge and deep experience, our practice group operates as a center of excellence that drives innovative discussions and ideas. We draw upon the talent of our 66,000 colleague network to drive stability, growth, and excellence for our mutual company clients. Aon Benfield partners with clients of all shapes and sizes Direct written premium 20% Broad client base: 60% have DWP of $250M or less Policyholder surplus 30% More than 33% of clients have policyholder surplus of less than $100M 15% 20% 10% 5% 10% 0% 0% <$25M $25M- $50M $50M- $100M $100M- $250M $250M- $500M $500M- $1B >$1B <$50M $50M- $100M $100M- $250M $250M- $1B $1B- $10B >$10B $ 21B raised for ILS products 3,200 Aon Benfield colleagues $ 130M invested annually in analytics #1 cat bond investment bank

4 Global strength and capabilities delivered locally Aon Benfield has learned from our clients that providing distinctive, tailored value drawn from our industry expertise is key to achieving a successful partnership. Our scale and global reach through 3,200 colleagues allows us to deliver superior client execution locally to optimize your reinsurance placement. Reinsurance Placement Mutual Insurers Strategic Advisory By closely monitoring data, analyzing industry trends, and engaging clients through a practical approach, we determine the key drivers impacting your market and results. Our strategic advisory solutions provide specific opportunities from which to form efficiencies and executable growth strategies. Industry Leading Analytics Our $130M annual investment in analytics provides the ability to maximize structural efficiency and quantify benefits that are critical to a reinsurance strategy, including the best time to enter the market, and the optimal price, terms and conditions. Intense client advocacy Aon Benfield offers access to an open market ensuring the full spectrum of reinsurance capital is competing for your business We always put our clients individual needs first Aon Benfield delivers superior outcomes in the reinsurance market A winning culture and commitment to core values Aon Benfield strives to maintain trusted, consultative, and interactive partnerships Long term commitment to help mutual insurers succeed and improve operational performance Bring full market strength of Aon Benfield as the leading reinsurance intermediary and full-service capital advisor with proven capabilities in the areas of exposure management, supporting growth and operational effectiveness for your business Leading innovative and bespoke solutions for each and every mutual client partner Significant market penetration in mutual insurance industry Our firm is committed to bringing the right people, ideas, solutions, and to always deliver on our promises We seek to earn your trust by always acting with integrity

5 Contact For more information on our offerings, please contact your local Aon Benfield broker or: Chris Delhey Head of Mutual Insurance Practice Group Aon Benfield About Aon Benfield Aon Benfield, a division of Aon plc (NYSE: AON), is the world s leading reinsurance intermediary and full-service capital advisor. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalized access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory. Through our professionals expertise and experience, we advise clients in making optimal capital choices that will empower results and improve operational effectiveness for their business. With more than 80 offices in 50 countries, our worldwide client base has access to the broadest portfolio of integrated capital solutions and services. To learn how Aon Benfield helps empower results, please visit aonbenfield.com. Aon Benfield Inc All rights reserved. This document is intended for general information purposes only and should not be construed as advice or opinions on any specific facts or circumstances. This analysis is based upon information from sources we consider to be reliable, however Aon Benfield Inc. does not warrant the accuracy of the data or calculations herein. The content of this document is made available on an as is basis, without warranty of any kind. Aon Benfield Inc. disclaims any legal liability to any person or organization for loss or damage caused by or resulting from any reliance placed on that content. Members of Aon Benfield Analytics will be pleased to consult on any specific situations and to provide further information regarding the matters.