United States Insurance Industry - A US Market Report

Transcription

1 Brochure More information from United States Insurance Industry - A US Market Report Description: The United States Insurance Industry Report provides insightful analysis, market overview, industry structure and outlook of life and non-life/ property & casualty insurance industries in the country. Richly laden with quantitative analysis, the report also provides the reader with an exhaustive statistical preface to the industry. A synopsized discussion offers preludes to reinsurance and other insurance markets within the non-life/ property & casualty insurance sector, such as automobile, homeowners, fire & allied, catastrophe, workers' compensation, medical malpractice, liability, aviation, travel, and marine insurance. In addition, also get a sneak peek at flood, mortgage, title, municipal bond, venture capital, environmental, credit, political risk, and pet insurance among others. Get to know about various types of life insurance products in the US market, backed by statistical inference of key players in these markets. The closely summarized US market report is designed to offer a broad, macro level picture of the trends, challenges, market structure/basics, recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. The discussion summarizes, in addition to other market variables, the distribution systems, bancassurance, marketing & distribution, and regulatory overview in the region. The report offers a recapitulation of recent launches of insurance products by major industry players in the country. Also provided is a compilation of recent past/ historical perspective of the country's insurance market and corporate developments within the industry. The report examines the leading companies' footing in insurance markets at regional level, along with their annual written premiums and/ or market shares. Regional key and niche players briefly discussed and abstracted in the report include Aetna Inc., AFLAC, Allstate Financial Group, American International Group, Inc., AXA Equitable, Berkshire Hathaway, Chubb Corp., Cigna Corp., Crawford & Co., Fidelity National Financial, Liberty Mutual Group, Lincoln National Corp., MassMutual Financial Group, Metropolitan Life Insurance Co., Mortgage Guaranty Insurance Corp., New York Life Insurance Co., Pacific Life Insurance Co., Partner Reinsurance Company Ltd, Pets Best, Prudential Financial, State Farm Group, The PMI Group, Inc., United Guaranty, UnitedHealth Group Inc., Unum Group, and WellPoint Inc. among several others. In addition, leading insurance brokers like Aon Corp., Arthur J. Gallagher & Co., Brown & Brown Inc., Marsh & McLennan Cos. Inc., and Wells Fargo & Co. have also been discussed and summarized in the report. Please note: Reports are sold as single-site single-user licenses. Electronic versions require hours as each copy is customized to the client with digital controls and custom watermarks. For information on site licence pricing please click on Enquire before buying Contents: 1. Industry Overview US-1 Current & Future Analysis US-1 Table 1: US Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non-Life Markets Independently Analyzed with Direct Premiums Written in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-1 Table 2: US 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Direct Premiums Written for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart) US & 2007: The Calm After the Storm US-2 Market Snippets US-2 Life Insurance - Good Going US-2 Homeowners Insurance Policies - Private Insurers Repulsing US-2 Title Insurance US-3 Reinsurance - Storms Settle Prices US-3 Marine Insurance - Buoyed by Growing International Trade US-3 Construction Insurance - Shrinking Coverage US-3

2 2007: Overview US-4 Table 3: US Property & Casualty Insurance Market (2006 & 2007): Percentage Breakdown of Direct Premiums Written by Category for Private Passenger Auto, Homeowners Multiple Peril, Workers Compensation, Commercial Multiple Peril, Commercial Auto, Inland Marine, Medical Malpractice, Fire, Accident & Health, Mortgage Guaranty, and Other Insurance (includes corresponding Graph/Chart) US-4 Table 4: Leading Players in the US Property/Casualty Insurance Market (2006): Revenues in US$ Billion by Company - American International Group, Berkshire Hathaway, State Farm Insurance Cos., Allstate and Hartford Financial Services (includes corresponding Graph/Chart) US-4 Reforms on the Cards US-5 Prices to Stabilize in Near Future US-5 Fundamental Risks Loom Large US-5 Homeowners and Auto Insurance Markets to Quiver US-6 Buoyant Growth Foreseen in Pet Insurance Market US : Going Gets Tough US-6 Property Insurance - Stunned by Storms US-7 Casualty Insurance - Renewals Slump US-7 Onshore Property Insurance Markets - The Worst Affected US : A Review US-7 Table 5: US Property & Casualty Insurance Market (2004): Percentage Breakdown of Net Premiums Written by Line - Accident & Health, Commercial Lines, and Personal Lines (includes corresponding Graph/Chart) US-8 Table 6: US Personal Lines Insurance Market (2004): Percentage Breakdown of Net Premiums Written by Segment - Private Passenger Auto Liability, Homeowners Multi Peril, and Private Passenger Auto Physical Damage (includes corresponding Graph/Chart) US-9 Growth Slows in the US US-9 Underwriting Performance US-9 Premiums and Pricing US-9 Investment Performance US-9 Combined Ratio and Source of Income US-10 Table 7: US Insurance Industry ( ): Percentage of Investments by Property/Casualty Insurers in Bonds, Stocks (Preferred & Common), Mortgage Loans on Real Estate and Others (includes corresponding Graph/Chart) US-10 Policyholder Surplus US-11 Expense Ratio US-11 Issue on Tort Costs US-11 Surging Losses from Asbestos and Environmental (A&E) Claims US-11 Liability Insurance - A Major Concern US Market Review US-14 Table 8: The US Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life US-14 Key Trends and Issues US-14 Regional Insurers Gain Ground US-14 Risk' is the Bait for Business US-14 Small Insurers Keep Afloat US-15 Wave of Demutualization Activity Marks US Insurance Industry US-15 US Government Opposes Terrorism Insurance US-15 Amendment to Terrorism Risk Insurance Act US-16 Insurance Frauds - A Major Challenge to Industry US-16 Table 9: US' Insurance Fraud Costs (In US$ Billion) by Sector (2000) (includes corresponding Graph/Chart) US-16

3 Regulatory Setup to Handle Insurance Frauds US-16 Insolvencies US-17 Managing Solvencies/Insolvencies US-18 Guaranty Funds US-19 Mails Play a Vital Role in the US Insurance Industry US-19 Trends Prevailing in the Industry US-19 Electronic Invasion US-20 Factors Driving the Industry US September 11: The Aftershocks US-21 9/11 - The Costliest Insured Disaster US-22 Estimated Insurance Payments Related to Sept , by Sector (In US$) US-22 Table 10: September 11: Estimates of Losses for US Insurance Industry (In US$ Billion) (includes corresponding Graph/Chart) US-22 The Ripples from WTC Disaster US-23 Skyrocketing Insurance Rates US-23 The Other Cause US-23 Corporate America Shuns Traditional Insurance US-23 All Eyes Turn Towards Catastrophe Modeling US-24 The Recessionary Climate US-24 Sustained Underpricing US-25 Medical Inflation US-25 Corporate Failures US-25 Abuse of the Legal System US Competitive Landscape US-27 Functioning of Insurance Companies US-27 Comparative Study of the US vis-à-vis Europe US-27 Table 11: Leading Insurance Groups in the US (2005): Net Written Premiums in US$ Billion for Allstate, American International Group, Berkshire-Hathaway, Hartford, Liberty Mutual, Nationwide, Progressive, St. Paul Travelers, State Farm, and Zurich (includes corresponding Graph/Chart) US-28 Table 12: Leading Commercial Insurance Groups in the US (2005): Percentage Breakdown of Net Written Premiums for American International Group, Ace Ltd, Chubb & Son Inc, CNA Insurance Group, St Paul Travelers Group, Hartford Fire & Casualty, Liberty Mutual Insurance Group, Nationwide Corp, State Farm Group, Zurich, and Others (includes corresponding Graph/Chart) US-28 Table 13: Leading Personal Insurance Groups in the US (2005): Percentage Breakdown of Net Written Premiums for American International Group, Allstate Insurance Group, Berkshire Hathaway, Liberty Mutual, Nationwide Corp, Progressive Group, State FarmGroup, St Paul Travelers Group, United Services Automobile Asn Group, Zurich, and Others (includes corresponding Graph/Chart) US-29 Table 14: No. of Insurance Companies in the US by State and Category: US-30 Need to Overcome the Hurdles US-31 Life Insurance US-31 Table 15: US Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Metropolitan Life & Affiliated, AIG, Hartford Life, ING, Prudential of America, AEGON, Equitable, New York Life, MassMutual Financial, and Manulife Financial (includes corresponding Graph/Chart) US-31 Non-Life Insurance US-32

4 Table 16: US Non-life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for State Farm Mutual Group, American International Group, Allstate Insurance Co. Group, Liberty Mutual Group, Travelers Property Casualty Corp. & Affiliates, Farmers Insurance Group, Nationwide Group, Zurich Insurance Co. Group, Progressive Casualty Group, and Continental Casualty Group (CNA) (includes corresponding Graph/Chart) US Review of Major Non-Life Insurance Segments US-33 5a. Property/Casualty Insurance US-33 Outlook for Property/Casualty Insurance Industry US-33 Katrina Spells Doom for the Sector US-33 Table 17: US Property & Casualty Insurance Industry (2005): Percentage Breakdown of Direct Premiums Written by Category -Commercial Auto Liability, Commercial Auto Physical Damage, Commercial Multiple Peril, Homeowners Multiple Peril, Private Passenger Auto Liability, Private Passenger Auto Physical Damage, Fire, Inland Marine, Workers Compensation, Medical Malpractice, and Others (includes corresponding Graph/Chart) US-34 Table 18: Leading Players in US Property & Casualty Insurance Industry (2005): Net Written Premiums in US$ Million for Amer Intl Group, Allstate Ins Group, Berkshire Hathaway, Farmers Ins Group, Hartford Ins Group, Liberty Mutual, Nationwide Group, Progressive Ins Group, State Farm Group, and St. Paul Travelers Group (includes corresponding Graph/Chart) US-35 P&C Industry Posts Profits - A Year 2005 Perspective US-35 P&C Sector Concentrates on Diversified Sales channels US-35 Property and Casualty Premium Rates at Crossroads US-35 Table 19: US Property Insurance Market: Leading Disasters By Industry Losses in US$ Billion (includes corresponding Graph/Chart) US-36 Market Heads Towards Recovery US-36 Pricing US-37 Deductibles US-37 Terrorism US-37 Insurers Increasingly Rely on Segmentation to Cut Pricing Risks US-37 Industry Hit Hard by Global Climatic Changes US-37 Table 20: Natural Catastrophes in the US (2005): Actual Loss in US$ Billion for Hurricane Dennis, Hurricane Rita, Hurricane Wilma, and Hurricane Katrina US-38 Table 21: Top Natural Catastrophes in the US & 2004 US-38 A Perspective of P&C Losses US-39 Table 22: US Property-Casualty Insurance Losses from Catastrophic Events for 1991 to 2004 (Losses in US$ billion) (includes corresponding Graph/Chart) US-39 Casualty Insurance US-39 Table 23: Leading Players in the US Group Casualty Market: 2003(includes corresponding Graph/Chart) US-40 Table 24: US Other Accident & Health Casualty Insurance Market (2003): Percentage Market Share of Leading Companies (includes corresponding Graph/Chart) US-41 Table 25: US Private Passenger Casualty Insurance Market (2003): Percentage Market Share of Leading Companies (includes corresponding Graph/Chart) US-41 Table 26: US Commercial Casualty Insurance Market (2003): Percentage Market Share of Leading Companies (includes

5 corresponding Graph/Chart) US-42 Table 27: US Other Liability/Casualty Insurance Market (2003): Percentage Market Share of Leading Companies (includes corresponding Graph/Chart) US-42 General Liability Cover - A Must Have for Businesses US-42 Workers' Compensation US-43 Umbrella and Excess Liability US-43 Coverage and Restrictions US-43 Casualty Alternative Risk Transfer & Integrated Risk US-43 Blended and Finite Risk US-43 Swing Plans & Captives US-44 Key Statistics US-44 Table 28: US Property/Casualty Insurance Market: Percentage Share Breakdown by Dollars of Direct Premiums Written by Segment for 2003 (includes corresponding Graph/Chart) US-44 Table 29: US Inland Casualty Insurance Market (2004 & 2005): Percentage Market Share of Leading Companies (includes corresponding Graph/Chart) US-45 Table 30: Leading Players in the US Inland Casualty Market: 2003 (includes corresponding Graph/Chart) US-45 Insolvency Rates of US P/C Companies On Rise US-46 Table 31: Principal Factors Causing Insolvency in the US Property/Casualty Insurance Market (2002) (includes corresponding Graph/Chart) US-46 Table 32: Insolvency Rates for US P/C Companies by Year ( ) (includes corresponding Graph/Chart) US-46 Competitive Landscape US-47 A Fragmented Industry US-47 Table 33: Leading Players in US Property & Casualty Market (2003): Percentage Share Breakdown by Net Written Premium for State Farm Group, American International Group I, Allstate Insurance Group, Zurich/Farmers Group, Berkshire Hathaway Ins. Group, Nationwide Group, St. Paul Travelers Cos, Liberty Mutual Insurance Cos, Progressive Insurance Group, Chubb Group of Insurance Cos. and Other (includes corresponding Graph/Chart) US-47 Table 34: Leading Property/casualty (P/C) insurance Players By Revenues: 2003 (includes corresponding Graph/Chart) US-48 Table 35: Leading Property/Casualty Reinsurers by Net Premiums Written in the US: 2003 (In US$ billion) (includes corresponding Graph/Chart) US-49 P/C - Before and After 9/11 US-49 P/C Before 9/11 US-49 Property/Casualty Industry - After September 11 US-50 Toughening Trends US-50 Bleak Picture - Better Prospects US-50 Recovery Springs from Within US-50 Effective Capital Deployment and Customer Confidence - Key to Recovery US-51 5b. Automobile Insurance US-52 Market Overview US-52 Auto Insurance Premium Slated to Decline US-52 Table 36: US Auto Insurance Average Expenditure ( ) (In US$ million) (includes corresponding Graph/Chart) US-52 Table 37: US Insurance Industry ( ): Consumer Price

6 Index for Auto Insurance (includes corresponding Graph/Chart) US-52 Table 38: Passenger Vehicle Accident Insurance Claims Paid in 2004 US-53 Auto Insurance Prices in Reverse Gear US-53 Factors Affecting Rates of Auto Insurance US-53 Table 39: US Insurance Industry (2005): Average Spending on Auto Insurance ( ) (In US $) (includes corresponding Graph/Chart) US-54 Table 40: Average Spending on Auto Insurance ( ) (includes corresponding Graph/Chart) US-54 Liability Insurance Leads to Rise in Motor Insurance Premiums in Mississippi US-54 Factors Affecting Insurance Premium US-55 Compulsory Auto Insurance US-55 No-Fault Auto Insurance US-55 Developments US-56 No-Fault Auto Insurance Proven Ineffective US-56 New York's No-Fault Auto Insurance Fraud Increasing Considerably US-57 Low Priced Premiums Introduced US-58 New York Passes New Law to Reduce Fraud US-58 New Bill Introduced by the US Government US-58 Governments Restrict Claims for Uninsured Drivers US-59 Key Trends and Issues US-59 US Auto Insurers Gear Up to Tap Generation Y Market US-59 Competition Heats Up in US Private-Passenger Auto Market US-59 US Insurance Industry Announces Top 10 Safe Passenger Cars US-59 Older Drivers More Prone to Accidents US-60 Medicines Cause for Risk US-60 Steps Taken for Reducing Fatal Accidents US-60 Licensing Standards for the Old US-61 Tire Insurance Market on the Surge US-61 Auto Crash - A Growing Concern US-61 Table 41: US Insurance Industry: Traffic Fatalities ( ) (In 000) (includes corresponding Graph/Chart) US-62 Table 42: US Insurance Industry (2003): Percentage Breakdown of Motor Vehicle Deaths by Activity of Drivers, Passengers, Pedestrians, Motorcycle Riders, Pedal Cyclists and Others (includes corresponding Graph/Chart) US-62 Table 43: US Insurance Industry ( ): Percentage Share of Alcohol Related Deaths in the US (includes corresponding Graph/Chart) US-62 Insurance Companies Encourage Safe Driving tocustomers US-62 Table 44: US Insurance Industry (2004): Seat Belt Laws for Top Twenty States US-63 Table 45: US Insurance Industry ( ): Traffic Deaths (includes corresponding Graph/Chart) US-64 Table 46: US Insurance Industry: Accidents by Drivers' Age (2003) (includes corresponding Graph/Chart) US-64 Measures Taken to Reduce Drunk Driving US-65 Laws for Repeat Offenders US-65 Laws on Liability Issues US-65 New Regulations US-65 Generic Auto Crash Parts US-65 Background US-65 Key Players US-66 Table 47: Leading Players in the US Private Passenger Auto Insurance Market (2006): Direct Premiums Written in US$ Billion by Company -State Farm Mutual Group, Allstate

7 Insurance Co. Group, Progressive Casualty Group, National Indemnity Co. Group (Berkshire Hathaway), Farmers Insurance Group, Nationwide Group, United Services Automobile Association Group, American International Group, Liberty Mutual Group and American Family Insurance Group (includes corresponding Graph/Chart) US-66 Table 48: US Passenger Auto Insurance Industry (2006): Percentage Breakdown of Expenses and Claims in Relation to Premiums (includes corresponding Graph/Chart) US-67 Table 49: US Auto Insurance Market (2005 & 2006): Percentage Breakdown of Losses by Category for Private Passenger Liability, Private Passenger Physical Damage, Commercial Auto Liability, and Commercial Auto Physical Damage (includes corresponding Graph/Chart) US-67 Table 50: US Automobile Insurance Market (2005): Direct Premiums Written in US$ Million for Allstate, Berkshire Hathaway, Nationwide, Progressive, and State Farm (includes corresponding Graph/Chart) US-67 Table 51: Leading Players in the US Personal Auto Insurance Market (2005): Percentage Share of Net Written Premiums by Company - Allstate Insurance Group, American Family Insurance, American International Group, Berkshire Hathaway, Farmers Insurance Group, Liberty Mutual, Nationwide Group, Progressive Insurance, State Farm Group, USAA Group, and Others (includes corresponding Graph/Chart) US-68 Table 52: Leading Players in the US All-Private Passenger Auto Insurance Industry (2005): Percentage Market Share of Direct Written Premiums by Company - Allstate Insurance Group, American Family Insurance, American Intl Group, Berkshire Hathaway, Farmers Insurance Group, Liberty Mutual, Nationwide Group, Progressive Insurance Group, USAA Group, and Others (includes corresponding Graph/Chart) US-68 Table 53: Leading Players in US Private Passenger Auto Insurance Industry (2004): Percentage Market Share of Net Written Premiums by Company - Allstate Insurance Group, American Family Insurance, Berkshire Hathaway, Farmers Insurance Group, Liberty Mutual, Nationwide Group, Progressive Insurance Group, State Farm Group, St. Paul Travelers, USAA Group, and Others (includes corresponding Graph/Chart) US-69 Table 54: US Auto Physical Damage Insurance Market (2005): Percentage Breakdown of Direct Written Premiums by Province - California, Florida, Texas, New York, Michigan, Pennsylvania, Illinois, Georgia, Ohio, New Jersey, and Other States (includes corresponding Graph/Chart) US-69 Table 55: Leading Players in US Auto Insurance Market (2003): Percentage Share Breakdown by Net Written Premium for State Farm Group, Allstate Insurance Group, Progressive Insurance Group, Zurich/Farmers Group, Berkshire Hathaway Ins Group, Nationwide Group, Liberty Mutual Ins Cos, USAA Group, American International Group, Travelers P&C Group and Other (includes corresponding Graph/Chart) US-70 Table 56: US Private Passenger Auto Insurance Industry for 2003: Leading Players Ranked by Direct Premium Written (in

8 US$ Billion) for State Farm Mutual Group, Allstate Insurance Co. Group, Progressive Casualty Group, Farmers Insurance Group, National Indemnity Co. Group Berkshire Hathaway), Nationwide Group, United Services Automobile Association Group, Liberty Mutual Group, American International Group, American Family Insurance Group, and Others (includes corresponding Graph/Chart) US-71 Nonstandard Automobile Market Recovers and Faces Stiff Competition US-71 Rates on the Uptrend for Auto Insurance US-71 Key Factors Driving Auto Premium Hikes US-72 Rising Auto Insurance Premiums in New York State US-72 Table 57: Leading States for US Auto Insurance: 2003 (In US$ billion) (includes corresponding Graph/Chart) US-73 South Carolina Ranks High in Number of Uninsured Drivers US-73 Trucking Industry Doused Under High Premiums US-73 Auto Insurance - Diminished Value Concept US-73 Georgia Opens Pandora's box US-74 A Solution in Sight US-74 Auto Theft US-75 Motor Vehicle Theft Statistics US-75 Table 58: Motor Vehicle Thefts in the US for (In Millions) (includes corresponding Graph/Chart) US-75 Table 59: Motor Vehicle Theft in the US (2003): Leading Metropolitan Areas by Stolen Vehicles (In 000) (includes corresponding Graph/Chart) US-76 Components - Targeted for Theft Too US-76 Factors Contributing for Decline in Motor Vehicle Thefts US-77 Combating the Problem US-77 Providing Discounts US-77 Car Theft Regulations US-77 Commercial Auto Insurance in the US: Key Statistics US-78 Table 60: Leading Players in the US All-Commercial Auto Insurance Industry (2005): Percentage Market Share of Direct Written Premiums by Company - American Intl Group, CNA Ins Co, Hartford Ins Group, Liberty Mutual, Nationwide Group, Old Republic Gen Group, Progressive Ins Group State Farm Group, St. Paul Travelers Group, Zurich, and Others (includes corresponding Graph/Chart) US-78 Table 61: Leading Players in US Commercial Auto Insurance Market (2002): Dollars of Direct Premiums Written for Zurich/Farmers Group, Travelers P C Group, Progressive Group, St Paul Cos, CNA Ins Cos, Amer Intl Group Inc, Liberty Mutual Ins Cos, State Farm Group, Nationwide Group, and Auto-Owners Ins Group (includes corresponding Graph/Chart) US-79 Auto Liability Insurance in the US - Key Statistics US-80 Table 62: Leading Players in the US Auto Liability Insurance Market (2005): Direct Written Premiums in US$ Billion for Allstate Ins Group, Amer Intl Group, Berkshire Hathaway, Farmers Ins Group, Liberty Mutual, Nationwide Group, Progressive, State Farm Group, St. Paul Travelers Group, and USAA Group (includes corresponding Graph/Chart) US-80 Table 63: US Auto Liability Insurance Market (2005): Percentage Breakdown of Premiums by Province -California, Florida, New York, Texas, New Jersey, Pennsylvania, Illinois, Michigan, Ohio, Massachusetts, Georgia, North Carolina, Virginia, Maryland, Washington, and Other States (includes corresponding Graph/Chart) US-80 Table 64: Leading Players in US Auto Liability Insurance

9 Market (2002): Dollars of Direct Premiums Written for State Farm Group, Allstate Ins Group, Progressive Group, Zurich/Farmers Group, Nationwide Group, Berkshire Hathaway, Travelers P C Group, Amer Intl Group, USAA Group, and Liberty Mutual Ins Cos (includes corresponding Graph/Chart) US-81 Table 65: Leading Players in US Auto Liability Insurance Market ( ): Percentage Share Breakdown by Dollars of Direct Premiums Written for State Farm Group, Allstate Ins Group, Progressive Group, Zurich/Farmers Group, Nationwide Group, Berkshire Hathaway, Travelers P C Group, Amer Intl Group, USAA Group, Liberty Mutual Ins Cos, and Others (includes corresponding Graph/Chart) US-82 Table 66: Leading Players in the US Private Passenger Casualty Market by Net Premium Written: 2003 (includes corresponding Graph/Chart) US-83 5c. Homeowners Insurance US-84 Home Insurance Coverage US-84 Seven Basic Kinds of Home Insurance Policies US-84 Covered and Not Covered Events of Casualty/ Damage in Home Insurance US-85 Disaster Prone Areas Face Lesser Insurance Coverage US-86 Huge Losses Deter Insurers from Offering Rich Earthquake Policies US-86 Homeowner's Earthquake Policies on Decline as Insurers Reduce Benefits US-86 Market Overview and Key Statistics US-87 Table 67: Leading Players in the US Homeowners Insurance Market (2006): Direct Premiums Written in US$ Billion by Company - State Farm Mutual Group, Allstate Insurance Group, Zurich Insurance Group, Nationwide Group, Travelers Group, USAA Group, Liberty Mutual Insurance Group, Chubb & Son Group, American Family Insurance Group and Hartford Fire & Casualty Group (includes corresponding Graph/Chart) US-87 Table 68: US Homeowners Insurance Market (2005 & 2006): Percentage Breakdown of Losses by Claim Category for Property Damage (Fire, Lightning and Debris Removal, Wind and Hail, Water and Freezing, Theft, and Other Property Damage) and Liability (includes corresponding Graph/Chart) US-87 Table 69: US Homeowners Insurance Market (2006): Leading States in the US by Direct Premiums in US$ Million (includes corresponding Graph/Chart) US-88 Table 70: Leading Players in US Homeowners Insurance Industry (2005): Percentage Breakdown of Direct Premiums Written by Company - Allstate Indemnity, Allstate Insurance, American Family Mutual, Fire Insurance Exchange Liberty Mutual, Nationwide Mutual, State Farm Fire & Casualty, State Farm Lloyds, State Farm General Insurance, United Services, and Others (includes corresponding Graph/Chart) US-88 Table 71: Leading Players in US Homeowners Multiple Peril Insurance Industry (2005): Percentage Breakdown of Direct Premiums Written by Company - Allstate Insurance, Amer Family Insurance, Chubb Group, Farmers Ins. Group, Hartford Insurance, Liberty Mutual, Nationwide Group, State Farm Group, St. Paul Travelers Group, USAA Group, and Others (includes corresponding Graph/Chart) US-89 Table 72: US Expenditure on Homeowners' Insurance:

10 (In US$ Million) (includes corresponding Graph/Chart) US-89 Table 73: US Homeowner/Renter Insurance Market ( ): Average Premiums Written (in US$) for Homeowners, and Renters (includes corresponding Graph/Chart) US-89 Table 74: Homeowners Losses 2000 through 2004 (includes corresponding Graph/Chart) US-90 Table 75: Leading Players in US Homeowners Insurance Market (2003): Percentage Share Breakdown by Direct Premiums Written (In US$ Billion) for State Farm Group, Allstate Ins Group, Zurich/Farmers Group, Nationwide Group, USAA Group, Travelers P C Group, Liberty Mutual Ins Cos, G of Ins Cos, Amer Family Ins Group Safeco Ins Cos and Others (includes corresponding Graph/Chart) US-90 Table 76: Leading Players in the US Homeowners Multiple Peril Insurance Market ( ): Percentage Share Breakdown by Direct Premiums Written (In US$ million) for State Farm Group, Allstate Ins Group, Zurich/Farmers Group, Nationwide Group, USAA Group, Travelers P C Group, Chubb Group of Ins Cos, Amer Family Ins Group, Liberty Mutual Ins Cos, Safeco Ins Cos and Others (includes corresponding Graph/Chart) US-91 Table 77: US Homeowners Multiple Peril Insurance Market: Number of Companies Writing Policies by Each State Direct Premiums Written in Dollars by Each State and Percentage Share of Each State in the Total Direct Premiums Written for 2001 and 2002 US-92 Deductibles in Homeowners Insurance US-93 Renters Insurance in Brief US-94 Coverage Types US-95 Actual Cash Value US-95 Replacement Cost US-95 Liability Coverage US-95 Additional Living Expenses US-95 Costs US-95 Other Home Insurance Coverages US-95 Guaranteed Replacement Cost Coverage US-95 Inflation Guard Endorsement US-96 Scheduled Personal Property Endorsement US-96 Increased Limits on Money and Securities US-96 Secondary Residence Premises Endorsement US-96 Watercraft Endorsement US-96 Theft Coverage Protection Endorsement US-96 Credit Card Forgery and Depositors Forgery Coverage Endorsement US-96 Earthquake Insurance US-97 California - The Most Active Seismic Zone US-97 Table 78: Top Ten Earthquakes in the US: Ranked by Property Damage in US$ Million US-98 Table 79: Market Shares of Leading Earthquake Writers in US for 2000 (In %) (includes corresponding Graph/Chart) US-98 Windstorm Coverage US-98 Homeowners Insurance Market in Hawaii US-98 Table 80: Leading Players in Fire and Homeowners Multiple Peril Insurance Market in Hawaii: 2000 (In US$ million) (includes corresponding Graph/Chart) US-99 Key Trends and Issues in Homeowners' Insurance Sector US-99 Underinsured Homeowners US-99 Marital Status - An Issue US-100

11 Challenges Facing Homeowners Insurers US-100 Toxic Mold Damage Claims US-100 Law Practitioners Cash in on Mold Claims US-101 Lapses Lead to Losses US-101 Crisis Creates Claim-Premium Imbalance US-101 Insurers Taking No Chances US-101 Rates on the Uptrend for Homeowners Insurance US-102 Factors Contributing to Increased Rates for Homeowners' Plans US-102 5d. Flood Insurance US-103 Risks in Coastal Insurance Markets US-103 Table 81: US Insurance Industry (2006 H1): Insured Coastal Property Values in US$ Billion for Select States -Connecticut, Florida, Louisiana, Maine, Massachusetts, New Jersey, New York, South Carolina, Virginia, and Texas (includes corresponding Graph/Chart) US-104 National Flood Insurance Program US-104 NFIP in the Turmoil US-104 Write-Your-Own Program US-105 Allison Does the Turnaround US-105 Reinsurers Bear the Brunt US-105 Increased Flood Threat Props Up Demand for Insurance US-105 5e. Fire & Allied Insurance US-106 Table 82: US Fire & Allied Insurance Market: Insured Losses due to Catastrophic Wildland Fires, US-106 Table 83: US Fire/Casualty Insurance Market (2004 & 2005): Percentage Market Share of Leading Companies (includes corresponding Graph/Chart) US-106 Table 84: Leading Players in the US Fire& Casualty Market by Net Premiums Written: 2003 (includes corresponding Graph/Chart) US-107 Table 85: US Fire & Allied Insurance Market: Total Number of Companies Writing Policies by Each State, Total Direct Premiums in Dollars, and Percentage Share of Each State in the Total Direct Premiums Written for 2001 and 2002 US-108 Table 86: Leading Players in US Fire and Allied Insurance Market (2002): Direct Premiums Written in Dollars for Zurich/Farmers Group, FM Global Group, Amer Intl Group, Allianz of America, Ace INA Group, Travelers PC Group, Royal & SunAlliance, Acceptance Ins Cos, St Paul Cos, and Hartford Ins Group (includes corresponding Graph/Chart) US-110 Table 87: Leading Players in US Fire and Allied Insurance Market ( ): Percentage Share Breakdown by Value of Direct Premiums Written for Zurich/Farmers Group, FM Global Group, Amer Intl Group, Allianz of America, Ace INA Group, Travelers PC Group, Royal & SunAlliance, Acceptance Ins Cos, St Paul Cos, Hartford Ins Group, and Others (includes corresponding Graph/Chart) US-111 An Overview of Arson US-111 Major Causes for Arson US-112 Table 88: Intentionally Set Fires ( ): Number of Fires and Property Loss (In $ million) for Structures and Vehicles US-112 Insurance Industry Fights Fire with Fire US-113 5f. Catastrophe Insurance US-114 Hurricanes in 2007 to Influence Insurance Market in 2008 US-114 Table 89: US P&C Insurance Market (2005 & 2006): Insured

12 Catastrophe Losses in US$ Billion US-114 The US Insurance Industry Achieves Best Underwriting Performance in 2006 US-115 Florida Reforms Hurricane Catastrophe Fund Norms US-115 Hurricane Havoc US-115 After the Storm US-116 Hurricane Losses Expand Coverage for Homeowners Insurance US-116 A Figurative' Note on Catastrophic Losses US-116 Comparison of Hurricane Katrina & Hurricane Andrew US-116 Catastrophe Reinsurance in 2004 US-117 Table 90: US Catastrophe Reinsurance Market (2004): Total Losses from Hurricanes in US$ Million for Charley, Ivan, Frances, and Jeanne (includes corresponding Graph/Chart) US-117 Table 91: Catastrophes in the US ( ): Number of Disasters, Claims and Insured Loss US-117 Table 92: U.S. Catastrophe Losses During : Breakdown for Causes of Loss (includes corresponding Graph/Chart) US-118 Table 93: Major Hurricanes in the US during US-118 Table 94: US Hurricanes and Associated Deaths During US-119 Earthquake Insurance US-119 Flood Insurance US-119 US Commercial Multi-Peril Insurance US-120 Market Overview and Key Statistics US-120 Market Scenario - Commercial Insurance US-120 Table 95: US Commercial Lines Insurance Market (2006): Direct Premiums Written by Leading Companies in US$ Billion (includes corresponding Graph/Chart) US-120 Table 96: Leading Players in the US Commercial Lines Insurance Brokerage Market (2006): Brokerage Revenues by Company - Marsh & McLennan Cos. Inc., Aon Corp., Arthur J. Gallagher & Co., Willis Group Holdings Ltd., and Wells Fargo Insurance Services Inc. in US$ Billion (includes corresponding Graph/Chart) US-121 Table 97: Leading Players in the US Commercial Multiple Peril Insurance Industry (2004 & 2005): Percentage Market Share of Direct Premiums Written for Allianz of America, Chubb Group, CNA Insurance, Farmers Insurance Group, Liberty Mutual, Hartford Insurance, Nationwide Group, State Farm Group, St. Paul Travelers Group, Zurich, and Others (includes corresponding Graph/Chart) US-121 Table 98: Leading Commercial Multiple Peril Companies by Direct Premiums Written: 2001 (In US$ Billion) (includes corresponding Graph/Chart) US-122 Table 99: Leading Players in the US Commercial Multiperil Insurance Market (In US$ Million): Ranked by Direct Premiums Written (includes corresponding Graph/Chart) US-122 5g. Workers Compensation US-123 Soaring Health Care Costs Prop Rate Changes in WC Insurance Levels US-123 Market Overview and Key Statistics US-123 Table 100: US Recent Past, Current & Future Analysis for Workers Compensation Insurance Market with Premiums in US$

13 Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-123 Table 101: Workers' Compensation Insurance Trends in the US: (includes corresponding Graph/Chart) US-124 Market Under Consolidation US-124 Table 102: Leading Players in the US Workers' Compensation Market (2004 & 2005): Percentage Share of Direct Premiums Written for American Intl Group, Ace INA Group, CNA Insurance, Hartford Insurance, Liberty Mutual, State Comp Ins Fund, State Ins Fund of NY, St. Paul Travelers Group, Zenith Natl Ins Group, Zurich, and Others (includes corresponding Graph/Chart) US-125 Table 103: Leading Players in the US Workers Compensation Casualty Market by Net Premiums written: 2003 (includes corresponding Graph/Chart) US-126 Table 104: Leading Workers' Compensation Players in the US by Direct Premiums Written: 2001 (In US$ Billion) (includes corresponding Graph/Chart) US-126 Voluntary Benefits Market US-127 The Social Contract Relates to Workers Compensation US-127 Costs to Employers US-128 Claim Costs US-128 Reducing Costs US-128 Residual Markets US-129 Terrorism Coverage US-129 Terrorism Insurance Market US-129 Reforms US-130 Characteristics of the US Workers' Compensation Market US-130 Basic Facts about Workers' Compensation US-131 Factors Determining Premium Growth in Workers' Compensation: US-132 Pricing Mechanism Followed in Various States US-132 SeaBright Insurance Holdings Joins NASDAQ's Global Select Market US-133 Workers Compensation Fraud US-133 Californian Market for Workers' Compensation Insurance US-133 A Problem-Ridden Market US-133 Local Companies Fare Poorly US-133 The Search is on for Solution US-134 A Year of Debacle US-134 Decline in Workplace Deaths and Injuries US-134 Table 105: Number and Causes for Workplace Casualties in the US: 2002 & 2003 (includes corresponding Graph/Chart) US-135 Alternative Risk Markets in Workers' Compensation US-135 Group Self-Insurance US-135 Individual Self-Insurance US-135 Large Deductible Programs US-136 Retrospectively Rated Policies US Hour Coverage Under Workers' Compensation US-136 Legal Barriers to 24-hour Coverage US-137 Institutional Barriers to 24-Hour Coverage US-137 Regulatory Barriers to 24-Hour Coverage US-138 Worker's Compensation After September 11 US-138 Outlook US-139 5h. Medical Malpractice US-140 Market Overview and Key Statistics US-140 MMI Premiums to Achieve Significant Growth US-140 Cost of Claims on MMI to Increase US-140 Emergence of Positive Insurers' Scenario US-141 The Rise of Risk Retention Groups (RRGs) US-141 Importance of Safest Hospital Alliance Initiative US-141

14 Government Legislation US-141 Table 106: US Medical Malpractice Insurance Market (2005): Percentage Market Share of Direct Premiums Written for Leading Companies - American Intl Group, Inc, Berkshire Hathaway, CNA Insurance Co, Doctors Co Ins Group, Health Care Indemnity Inc, ISMIE Mutual, ProAssurance, Mag Mutual, ProMutual, MLMIC Group and Others (includes corresponding Graph/Chart) US-142 Table 107: US Medical Malpractice Insurance Market (2004): Percentage Market Share of Leading Companies (includes corresponding Graph/Chart) US-142 Table 108: Leading Players in the US Medical Malpractice Market by Net written Premiums: 2003 (includes corresponding Graph/Chart) US-143 Malpractice Claims Growing Considerably US-143 Initiatives Taken by Medical Board for Reduction in Medical Malpractice Situation US-144 Tort Reforms US-144 Healthcare Professional Liability Insurance US-145 Challenges Faced US-145 Increase in Malpractice Claims in the US - Historic Review US-146 Turbulence Continues - Key Trends in the Sector US-146 Changing Customer Markets Takes its Toll US-147 Shift to Managed Care System Compounds the Problem US-147 Impact of Increasing Claims by State US-147 Some States Beat the Trend US-147 Developments in Key US States US-148 Medical Malpractice Reinsurance US-150 Table 109: Leading Writers in US Medical Malpractice Reinsurance Market by Reinsurance Assumed: 2001 (In US$ Million) (includes corresponding Graph/Chart) US-151 Internet and its Impact US-151 Outlook US-151 Underwriting Discipline a Must US-152 Consolidation - A Good Solution US-152 Regulations Bring in Certainty US-152 Consumers - The Ultimate Losers US-152 5i. Title Insurance US-153 The Basics US-153 Market Overview US-153 Table 110: US Recent Past, Current & Future Analysis for Title Insurance Market: Premiums in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-153 Key Trends US-154 Statutory Reserves Adds to Uniqueness US-154 Consolidation Springs New Changes US-154 M&As in Title Insurance Shrinks Competition US-154 Table 111: US Title Insurance Industry (2005): Percentage Share of Premiums by Company - Fidelity National Financial, First American Title, Land America, Old Republic, Stewart Title, and Others (includes corresponding Graph/Chart) US-155 Table 112: US Title Insurance Industry (2004): Percentage Share of Direct Premiums Written by Company -Attorneys Title Inc., Fidelity National Financial, First American Title, Land America, Old Republic, Stewart Title, and Others (includes corresponding Graph/Chart) US-155 5j. Specialty Liability US-156 An Introduction US-156

15 Table 113: Segments of Specialty Line Business (In %)in the US: 2000 (includes corresponding Graph/Chart) US-156 Transaction Liability US-156 Management Liability Insurance US-157 Employment Practices Liability US-157 Employment Practices Liability Insurance (EPLI): Moderation Improves Investor Sentiment US-157 Employment-Related Claims - Getting on the Nerves of Insurers US-157 Continued Declines in Prices US-158 Directors and Officers Liability US-158 A Disciplined March US-158 A Review of Recent Performances US-159 Table 114: Market Shares of Leading D&O Insurers in the US: 2003 (includes corresponding Graph/Chart) US-159 Table 115: US D&O Claims by Type of Claimant (In %) (includes corresponding Graph/Chart) US-159 Professional Liability and Errors & Omissions US-160 Coverage Restrictions US-160 Fidelity Insurance US-160 Premiums US-160 Market Trends US-161 Table 116: Market Shares of Leading Fidelity Writers in the US (2004) (includes corresponding Graph/Chart) US-161 Underwriting Trends US-161 Capacity US-162 Fiduciary Liability US-162 Gunmakers Liability US-162 5k. Municipal Bond Insurance Market US-163 Table 117: Municipal Bond Exposure in the US Industry (In US$ Billion) US-163 Tax Exempt Debt Insurance Rides High US-163 5l. Mortgage Insurance US-164 Table 118: US Recent Past, Current & Future Analysis for Mortgage Insurance Market with Net Premiums Written in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-164 Market Overview US-164 The Basics US-164 Payment Plans US-165 Policy Renewal/ Cancellation US-165 PMIs Competition with Service US-166 Elements of Underwriting Risk when Reviewing a Loan US-166 The Rise of Mortgage Insurance US-167 Factors Strengthening the PMI Business US-167 Self-Insurers in the PMI Market US-168 Long-Term Risks US-168 Factors Affecting Default Losses US-168 5m. Venture Capital Insurance US-169 Table 119: US Venture Capital Insurance Industry Performance Indicators: 2000 Vs 1999 (VC Raised in US$ Billion) US-169 Growth of VC and VC-Insurance Go Hand in Hand US-169 Risk Stands Redefined for Technology Ventures US-169 VC Insurance Goes Global US-170 5n. Travel Insurance US-171 Travel Insurance Catches the Fancy of Americans US-171 Table 120: US Recent Past, Current & Future Analysis for Travel Insurance Market: Premiums in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-171 Types of Travel Insurance US-171

16 International Health Insurance US-173 Individual Health Insurance Plans Based in the US US-173 Trip Insurance/Short-term Travel Insurance US-173 Long-Term International Health Insurance (Only Overseas Coverage) US-173 Long-Term International Health Insurance (Includes Home Country Coverage) US-174 5o. Insuring The Motion Picture Industry US-175 Completion Bonding - Entrenched US-175 5p. Environmental Insurance US-177 Pricing & Capacity US-177 Mold Coverage US-178 Remediation Stop Loss Coverage US-178 The Polluter Pays Principle US-178 Asbestos Liabilities US-178 Table 121: Asbestos Related Losses: (In US$ Billion) (includes corresponding Graph/Chart) US-179 Effect of Escalating Asbestos Claims on the US Economy US-180 Developments US-180 Building on Brownfields US-180 Pollution Legal Liability (PLL) US-181 Colleges and Universities US-181 Contractors Pollution Liability US-181 Consultants Professional Liability US-181 Combined Coverage US-181 5q. Credit Insurance - Untapped Potential US-183 Demand On Rise US-183 Surety Market US-184 Table 122: Market Share of Leading Surety Underwriters in the US for 2003 (includes corresponding Graph/Chart) US-184 Collateral and Surety Bonds US-184 Risk Factors and Insurance Products US-184 5r. Aviation Insurance US-185 Challenging Times: The Tough Get Going US-185 Corporate Aviation- Soft Market US-185 Impact of Hurricane Season US : Market Review US-185 Market Scenario US-186 Market Trends in 2004 US-186 Airbus A380 Aircraft Poses New Challenges US-186 Table 123: Leading Players in the US Aircraft All Peril Insurance Market (In US$ Million) (includes corresponding Graph/Chart) US-187 5s. Marine Insurance US-188 Protection & Indemnity (P&I) US-188 Blue Water Hull US-188 Brown Water Hull and P&I Market US-189 Marine Liability & Vessel Pollution Liability US-189 Cargo US-189 Challenges Facing Marine Insurance US-189 Inland Marine Insurance US-190 Table 124: Leading Players in US Inland Marine Insurance Industry (2004 & 2005): Percentage Market Share by Company - American Home Assurance, Continental Casualty, Assurance Company of America, Factory Mutual, Firemans Fund Insurance, Hartford Fire Insurance, National Union Fire Insurance, State Farm Fire and Casualty, Travelers Property Casualty, Voyager Property & Casualty Insurance, and Others (includes

17 corresponding Graph/Chart) US-190 Table 125: Leading Players in US Inland Marine Insurance Market (2002): Dollars of Direct Premiums Written for Amer Intl Group, Zurich/Farmers Group, CNA Ins Cos, FM Global Group, State Farm Group, Hartford Ins Group, Allianz of America, Assurant Group, Chubb Group of Ins Cos and Travelers PC Group (includes corresponding Graph/Chart) US-191 Table 126: Leading Players in US Inland Marine Insurance Market ( ): Percentage Share Breakdown by Value of Direct Premiums Written for Amer Intl Group, Zurich/ Farmers Group, CNA Ins Cos, FM Global Group, State Farm Group, Hartford Ins Group, Allianz of America., Assurant Group, Chubb Group of Ins Cos, Travelers PC Group and others (includes corresponding Graph/Chart) US-192 Ocean Marine Insurance US-193 Table 127: Leading Players in US Ocean Marine Insurance Market (2004 & 2005): Percentage Market Share by Company - American Home Assurance, American Steamship Owners, Continental Insurance, Federal Insurance Co., Firemans Fund Insurance, Indemnity Ins Co. of North America, Navigators Insurance Co., Northern Assurance Co. of America, St Paul Fire & Marine Insurance, XL Specialty Ins Co., and Others (includes corresponding Graph/Chart) US-193 Table 128: Leading Players in US Ocean Marine Insurance Market (2002): Dollars of Direct Premiums Written for CNA Insurance Group, American International Group, Ace INA Ltd, Allianz Insurance Group, White Mountains Group, St Paul Groups, Zurich/Farmers Group, XL America Group, Chubb Group of Ins Cos, and Royal & SunAlliance (includes chart/chart) US-194 Table 129: Leading Players in US Ocean Marine Insurance Market ( ): Percentage Share Breakdown by Value of Direct Premiums Written for CNA Insurance Group, American International Group, Ace INA Ltd, Allianz Insurance Group, White Mountains Group, St Paul Groups, Zurich/Farmers Group, XL America Group, Chubb Group of Ins Cos, and Royal & SunAlliance (includes corresponding Graph/Chart) US-195 5t. Onshore Energy Property Insurance US-196 Energy Industry & Casualty US-196 5u. Political Risk Insurance US-197 Pricing US-197 5v. E-Insurance US-198 Table 130: US Market for Network Security Insurance: (In US$ Million) (includes corresponding Graph/Chart) US-198 Hacker Insurance US-198 Venture Capital Funds Raise US $1 Billion for E-Insurance US-198 5w. Commercial Small Business Insurance US-199 A Stagnant Market with Vast Potential US-199 Rampant Underinsurance US-199 5x. Space Insurance US-201 Trouble Brewing in the US Space Insurance Industry US-201 Space Tourism to Propel the Future US-201 Regulatory Issues US-201 5y. Golf Insurance US-203

18 Golf Clubs and the Rising Insurance Rates US-203 Table 131: US Golf Insurance Market - Premium Earned & Claims: (includes corresponding Graph/Chart) US-203 Policies and Covers US-203 5z. Pet Insurance US-206 An Overview of the US Pet Insurance Market US-206 Expenditure on Pets Surges Ahead Among Americans US-206 US Pet Insurance Market Set to Strengthen Further US-206 Table 132: US Recent Past, Current & Future Analysis for Pet Insurance Market: Premiums in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-207 Pet Insurance in the US - A Past Review US-207 Petco. US-207 Veterinary Pet Insurance US-208 PetPartners US-208 5aa. Kidnap/Ransom & Extortion (KRE) Insurance US Life Insurance US-210 Market Overview US-210 Industry to Keep Afloat US-210 A Surging Life Insurance Market US-210 Key Snapshots US-210 Table 133: US Life/Health Insurance Market (2006 & 2007): Percentage Breakdown of Direct Premiums by Category for Annuities, Life Insurance, and Accident & Health Insurance (includes corresponding Graph/Chart) US-211 Table 134: US Life/Health Insurance Market (2005 & 2006): Financial Asset Distribution of Insurers in US$ Billion by Category - Credit Market Instruments (Corporate and Foreign Bonds, U.S. Government Securities, Mortgages and Other Instruments), Corporate Equities, Money Market Fund Shares and Miscellaneous (includes corresponding Graph/Chart) US-211 Table 135: US Life/Health Insurance Market (2005 & 2006): Percentage Breakdown of Financial Asset Distribution of Insurers (includes corresponding Graph/Chart) US-212 Table 136: US Life/Health Insurance Industry (2006 & 2007): Percentage Breakdown of Investments by Category - Bonds, Mortgage Loans on Real Estate, Stocks, Contract Loans, Cash, Cash Equivalent and Short-Term Investments, Real Estate and Other Investments (includes corresponding Graph/Chart) US-212 Table 137: US Recent Past, Current & Future Analysis for Individual Annuity Industry by Segment - Fixed and Variable Annuity Markets Independently Analyzed with Premiums in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart) US-213 Life Insurance to Grow US-213 Life Insurance Industry Set to Capture Retirement Business US-213 Reinsurance: The Life' of Life' US-213 Table 138: Leading Players in the US Life/Health Insurance Market (2006): Market Revenues in US$ Billion by Company for MetLife, Prudential Financial, New York Life Insurance, TIAA-CREF, Massachusetts Mutual Life Insurance, Northwestern Mutual, AFLAC, Genworth Financial, Unum Group and Principal Financial (includes corresponding Graph/Chart) US-214 Table 139: US Individual Term Life Insurance Market (2006): Leading Players by Number of Policies Issued (In Thousands) -

19 State Farm, American International, Citigroup, Direct General Group, Liberty National, Genworth Financial Group, American Family Corp., Protective Life Insurance, Old Mutual, and Northwestern Mutual (includes corresponding Graph/Chart) US-214 Table 140: US Individual Whole Life And Endowment Insurance Market (2006): Leading Players by Number of Policies Issued (In Thousands) - Liberty National, Gerber Life Insurance Company, American International, State Farm, UnumProvident Life, AEGON USA Incorporated, Mutual of Omaha, Metropolitan Group, New York Life, Unitrin Group, American Family Corp., Northwestern Mutual, Allstate Insurance, Conseco, and Zurich Insurance Group (includes corresponding Graph/Chart) US-215 Table 141: US Life Insurance Industry (2004): Gross Premium Written (GPW) in US$ Billion by Leading Reinsurance Companies for General Re, Swiss Re USA, XL Reinsurance America, American Re, Everest Reins. Company, Transatlantic Re, Employers Re, Odyssey Re America, Berkley Insurance Co., Folksamerica and Others (includes corresponding Graph/Chart) US-216 Group Life Insurance Market: Gearing Up' Risk Profiles US-216 Table 142: US Group Life Insurance Industry (2005 & 2006): Premiums in US$ Million for Select Companies - AIG, Hartford Life, Met Life, Prudential, Sun Life Financial, and Unum Provident (includes corresponding Graph/Chart) US-217 Table 143: US Group Life Insurance Industry (2005): In Force Premiums in US$ Billion for Select Companies - Aetna Inc, AIG Life, Cigna, Hartford, Health Care Service, ING USA, Jefferson-Pilot, Metropolitan Life & Affiliated, NY Life, Prudential of America, Reliance Standard, Securian Finl Group, Standard Ins, Sun Life, and UnumProvident (includes corresponding Graph/Chart) US-218 Table 144: US Individual Life Insurance Industry (2005 & 2006): Premiums in US$ Million for Select Companies - AIG, Ameriprise Financial, Genworth Financial, Hartford Life, Lincoln National, Met Life, Manulife, Nationwide Financial, Prudential, and Sun Life (includes corresponding Graph/Chart) US-219 Table 145: Leading Players in US Individual Life Insurance Industry (2006): Percentage Market Share by Company - AIG, Ameriprise Financial, Genworth Financial, Hartford Life, Lincoln National, Manulife, Met Life, Nationwide Financial, Principal Financial Group, Protective Life, Prudential, Sun Life, and Others (includes corresponding Graph/Chart) US-219 Table 146: US Individual Life Insurance Industry (2006): Percentage Breakdown of Sales by Distribution Channel - Stockbrokers and Financial Institutions, Personal-Producing General Agents & Brokers, Direct Response, and Affiliated (includes corresponding Graph/Chart) US-220 Life/Health Insurance Companies in Transition Mode US-220 Retirement Market Opens New Opportunities US-220 Tapping the Market with New Products US-221 Whole Life Or Term? - The Question of Insuring Life US-222 Table 147: US Life Insurance Industry (2003 & 2004): Percentage Value Breakdown of Life Insurance Product Sales by Universal Life, Whole Life, Variable Universal Life, Level Premium Term, Variable Life, Annual Renewable Term and Other Term (includes corresponding Graph/Chart) US-222 Table 148: US Life/Health Insurance Market by Type for

20 2003: Net premiums Written (In US$ billion) for Life, Annuity, Accident & Health, Contract Funds (Deposit-Type), and Others (includes corresponding Graph/Chart) US-223 Table 149: Premiums for US Life/Health Insurance Market by Product Line for 1998 and 2002 (in US$ Billion) (includes corresponding Graph/Chart) US-223 Table 150: US Worksite Life Insurance Market in 2003 (*): Sales ($ Million) of Worksite Life Insurance for Life Disability, Accident, Critical Illness, Dental, Long-term Care, Hospital Indemnity, and Others (includes corresponding Graph/Chart) US-224 Favorable Life Products in the US US-224 Life Cycle of Life Insurance Products US-225 6a. Leading Players - Key Statistics US-227 Life Insurance Market US-227 Table 151: Leading Players in the US Term Life (In -Force) Market (2005): Premium Value in US$ Billion for Aegon USA Inc, Lincoln Natl Corp, ING USA Life Group, Metropolitan Life & Affiliated Cos, and Swiss Reins Group (includes corresponding Graph/Chart) US-227 Table 152: Leading Players in the US Term Life Market (2005): Value in US$ Billion by Term Life Issued by Company - AIG Life Group, Genworth Finl Group, Northwestern Mutual Group, Primerica Group, and State Farm Life Group (includes corresponding Graph/Chart) US-227 Table 153: US Life Insurance Market (2005): Premium in US$ Billion for American Life, AKA Equitable Life, Allianz Life, American Family Life, Lincoln National Life, Massachusetts Mutual Life, Metropolitan Life, Northwestern Mutual Life, Prudential Insurance Co, and United Healthcare Insurance (includes corresponding Graph/Chart) US-228 Table 154: US Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Metropolitan Life & Affiliated, AIG, Hartford Life, ING, Prudential of America, AEGON, Equitable, New York Life, MassMutual Financial, and Manulife Financial (includes corresponding Graph/Chart) US-229 Table 155: US Life Insurance Industry (2003 & 2004): Percentage Value Breakdown of Retail Life Insurance Sales by Leading Companies for New York Life, Northwestern Mutual, AIG-American General, John Hancock/ManuLife Financial, ING Life Companies - U.S., Aegon USA, Pacific Life, MetLife Companies, State Farm Life, AXA Financial/MONY and Others (includes corresponding Graph/Chart) US-230 Table 156: US Life/Health Insurance Industry (2004): Leading Companies by Revenues in US$ Billion for MetLife, Prudential Financial, New York Life Insurance, TIAA-CREF, Mass. Mutual Life Ins., Northwestern Mutual, AFLAC, Unum Provident, Guardian Life of America, and Principal Financial (includes corresponding Graph/Chart) US-231 Table 157: US Life/Health Insurance Industry (2004): Leading Companies by Assets in US$ Billion for Prudential Financial, MetLife, TIAA-CREF, New York Life Insurance, Mass. Mutual Life Ins., Northwestern Mutual, Lincoln National, Principal

21 Financial, Pacific Life, and AFLAC (includes corresponding Graph/Chart) US-231 Table 158: Leading Players in US Life and Health Insurance Market (2002): Premium Income (In US$ Billion) for Metropolitan Life Insurance Co., Equitable Life Assur. Society of the US, Prudential Insurance Co. of America, Massachusetts Mutual Life Insurance Co., Hartford Life & Annuity Insurance Co., Nationwide Life Insurance Co., United Healthcare Insurance Co., American Life Insurance Co., Northwestern Mutual Life Insurance Co., and American Family Life Assur. Co. Columbus (includes corresponding Graph/Chart) US-232 Table 159: Leading Players in US Life Insurance Market (2002 & 2003): Individual Life Premiums (In $000) and % Change (YoY) for Northwestern Mutual Life Insurance Co., American Life Insurance Co., Prudential Insurance Co. of America, Metropolitan Life Insurance Co., New York Life Insurance Co., Massachusetts Mutual Life Insurance Co., State Farm Life Insurance Co., Equitable Life Assur. Society of the US, Guardian Life Insurance Co. of America, and Swiss Re Life & Health America, Inc.(includes corresponding Graph/Chart) US-233 Table 160: Leading Players in US Life Insurance Market (2002 & 2003): Group Life Premiums (In $000) and % Change (YoY) for Metropolitan Life Insurance Co., Prudential Insurance Co. of America, Massachusetts Mutual Life Insurance Co., Aetna Life Insurance Co., Connecticut General Life Insurance, Minnesota Mutual Life Insurance Co., UNUM Life Insurance Co of America, New York Life Insurance Co., Hartford Life & Accident Insurance, and Life Insurance Co. of North America (includes corresponding Graph/Chart) US-234 Table 161: Leading Players in the US Individual Term Life Insurance Market by Percentage Market Share for 2003 (includes corresponding Graph/Chart) US-234 Table 162: Leading Players in the US Credit Life Insurance Market (2005): Premiums in US$ Billion for Aegon USA Inc, AIG Life Group, Amer Natl Group, Assurant, Citi Assur Svcs Group, Cuna Mutual Group, HSBC Ins Group, Life of the South Group, Protective Life Corp, and Securian Finl Group (includes corresponding Graph/Chart) US-235 Table 163: Leading Players in US Credit Life Insurance Market (2003): Insurance in Force for Cuna Mutual Group, Assurant, AIG Life Group, Household Ins Group, Citigroup, Protective Life Corp, Metropolitan Life & Affiliated, Combined A&H Group, Aegon USA Inc, and MN Mutual Groups (includes corresponding Graph/Chart) US-235 Table 164: Leading Players in US Insurance Market (2002 & 2003): Individual Annuity Premiums (In US $Million) and % Change (YoY) for Hartford Life & Annuity Insurance Co., Allianz Life Ins. Co. of North America, Metropolitan Life Insurance Co., Pacific Life Insurance Co., Teachers Ins. & Annuity Assoc. of America, Hartford Life Insurance Co., Jackson National Life Insurance Co., Transamerica Life Ins. Co., Allstate Life Insurance Co., and Lincoln National Life Insurance Co. (includes corresponding Graph/Chart) US-236 6b. Universal Life Products Market US-237

22 IUL Sales Up in 2006 US-237 Table 165: Universal Life Sales in the US: (in $ Million) (includes corresponding Graph/Chart) US-237 Table 166: US Insurance Industry (2006): Indexed Universal Life Insurance Sales in US$ Million for Select Companies - AEGON, Allianz Life, AVIVA, Conseco, Lafayette Life, Midland National life, National Life Group, Old Mutual Financial Network, and Pacific Life Companies (includes corresponding Graph/Chart) US-238 Table 167: US Insurance Industry (2005): Percentage Breakdown of Equity Indexed Life Insurance Sales for Aegon Companies, AIG, AmerUs, Allianz, Conseco, Lafayette, LSW/ Natl Life Vt, Midland National, Old Mutual, Pacific Life, and Others (includes corresponding Graph/Chart) US-238 Table 168: Leading Players in the US Universal Life Insurance Market by Market Share: 2004 (includes corresponding Graph/Chart) US-239 Group Universal Life Insurance in the US US-239 6c. Variable Life Insurance US-240 Market Faces Key Challenges US-240 Hard Times Lie Ahead US-240 Reasons for Low Sales of VL US-240 6d. Mutual Life Insurance US-241 Healthy Growth for Separate-Account US-241 Good Run Comes to an End US-241 Demutualization Shrinks Market US-241 6e. Sales of Single Premium Life on the Rise US-242 Table 169: Leading Players in US Life Insurance Market (2001 & 2002): New Life Insurance Premiums (In US$ million) Sold through Banks - Liberty Life, Aegon, Allstate Financial, CGU Life, Nationwide, Golden Rule, First Penn-Pacific, Hartford, CUNA Mutual, and AXA (includes corresponding Graph/Chart) US-243 Banks' Premium Sales On a Declining Spree US-243 Ordinary Life Insurance Policies US-244 Table 170: Leading Players in US Ordinary Life Insurance Market (2003): Amount Issued in Dollars and % Change (YoY) for AIG Life Group, Protective Life Corp, Northwestern Mutual Group, Citigroup, Aegon USA Inc, NY Life Group, State Farm Group, Metropolitan Life & Affiliated, Genworth Finl Group, and Prudential of America Groups (includes corresponding Graph/Chart) US-244 Table 171: Ordinary Life Insurance Sales in the US by Type of Insurer: 2000 (In US$ Billion) (includes corresponding Graph/Chart) US-244 6f. Key Trends/Issues in the Life Sector US-245 Term Life Insurance Rates to Decline US-245 Premium Rates on Southward Journey US-245 Graying Baby Boomers Offer Brighter Opportunities US-246 Unprecedented Shift in the US Population US-246 Table 172: Reversal of the Demographic Balance in the US: e (Millions) (includes corresponding Graph/Chart) US-247 Senior Citizen Population in the US US-247 Table 173: Financial Products Ownership by Senior Citizens (includes corresponding Graph/Chart) US-248 Table 174: Financial Products Ownership by Senior Citizens

23 (includes corresponding Graph/Chart) US-249 The Pros and Cons of Genetic Solution US-249 Cell-Phone Related Health Risk Insurers and Policyholders Cross Swords US-250 Restructuring of Life Market US-250 Life Insurers Collect Fee Income US-251 Terror Strikes Lives US-251 Affect of AIDS US-251 Working Women: A Potential Market US-252 Disputes in the Life Insurance Industry US-252 US Life Insurance Companies on to Securitization US-252 Attractiveness of Other Markets for Foreign Life Insurers US-253 Demographic Forces Shaping Life Insurance Business US-253 6g. Distribution Systems in Life Insurance US-254 Distribution Pattern of the US Life Insurance Sector - A Glance US-254 Changing Face of Distribution US-254 Table 175: US Insurance Industry (2006 & 2007): Percentage Breakdown of Sales of Individual Annuities by Distribution Channels - Career Agents, Financial Planners/ Independent Broker-Dealers, Independent Agents, Banks, Stockbrokers, Direct Response and Others (includes corresponding Graph/Chart) US-255 Table 176: US Life Insurance Market (2006): Percentage Breakdown of Immediate Annuity Sales by Distribution Channel -Broker/Dealers, Captive Agents, Independent Producers, Banks & S&Ls, and Others (includes corresponding Graph/Chart) US-255 Customer Needs and Values US-256 Market and Competitive Dynamics US-256 Internal Capabilities and Constraints US-256 Strategy, Goals and Objectives US-256 6h. Challenges Confronting the Industry US-257 Regulatory Hurdles US-257 Drawbacks of the Life Insurance Market US-257 Factors to Improve Performance US-258 6i. 401(K) PLANS US-259 Market Perspective US-259 6j. Variable Annuity US-260 Market Overview US-260 Sale of Variable Annuities on the Rise US-260 Table 177: US Variable Annuity Industry (2006): Sales of Variable Annuities in US$ Billion by Leading Players (includes corresponding Graph/Chart) US-260 Table 178: US Insurance Industry: Net Assets of Variable Annuities in US$ Billion for the Years 2005, 2006 and 2007 (includes corresponding Graph/Chart) US-261 Table 179: US Insurance Industry (2006 & 2007): Percentage Breakdown of Variable Annuity Sales by Distribution Channels - Independent NASD Firms, Captive Agents, Banks/Credit Unions, New York Wirehouses, Regional Investment Firms and Direct Response (includes corresponding Graph/Chart) US-261 Table 180: US Equity Index Annuities Market (2006 & 2007): Percentage Market Share of Total Sales by Company - Allianz Life, AVIVA, ING, Old Mutual, Midland National Life, American Equity, Equitrust, Jackson National Life, Jefferson-Pilot, Sun Life and Others (includes

24 corresponding Graph/Chart) US-262 A Recent Past Overview US-262 Table 181: Sales of Variable Annuity: (in $ Billion) (includes corresponding Graph/Chart) US-262 Table 182: US Life Insurance Market (2005): Percentage Breakdown of Variable Annuity Sales for AIG/SunAmerica/ VALIC, Axa Financial/MONY, TIAA-CREF, Hartford Life, ING Group, John Hancock Life, Lincoln National Life, MetLife, Pacific Life, Pru/American Skandia, and Others (includes corresponding Graph/Chart) US-263 Table 183: US Life Insurance Market (2006): Percentage Breakdown of Variable Annuity Sales by Distribution Channel - Bank/Credit Union, Captive Agency, Direct Response, Independent NASD Firms, New York Wire Houses, and Regional Investment Firms (includes corresponding Graph/Chart) US-263 Table 184: US Leading Variable Annuity Issuers by New Sales in US$ Billion: 2003 (includes corresponding Graph/Chart) US-264 Resurgence Through Consolidation and Diversification US-264 Potential Base Innovations US-265 The Plans n' the Benefits US-265 Annuities: Variable' Performances US-265 Bonus Annuities Make Rapid Inroads US-266 Wrap Programs US-266 Distribution of VA - Refocus for the Better US-266 Table 185: Key Distribution Channels for Variable Annuities in the US in %: 2001, 2000 & 1999 (includes corresponding Graph/Chart) US-267 Outlook US-267 6k. Fixed Annuities US-268 Drop in Sales of Index Annuity US-268 Table 186: US Life Insurance Industry (2006): Percentage Breakdown of Fixed Annuity Life Insurance Sales by Leading Companies - Allianz Life, American Equity, AVIVA, Equitrust, ING, Jackson National, Jefferson-Pilot, Midland National, Old Mutual, Sun Life, and Others (includes corresponding Graph/Chart) US-268 Table 187: US Life Insurance Industry (2006): Percentage Breakdown of Equity Indexed Annuity Sales for Allianz Life, American Equity, AmerUs Group, EquiTrust, ING, Jackson National Life, Jefferson-Pilot, Old Mutual, Midland National Life, Sun Life, and Others (includes corresponding Graph/Chart) US-269 Table 188: US Life Insurance Industry (2003 & 2004): Percentage Value Breakdown of Fixed Annuity Life Insurance Sales by Leading Companies for AIG, Allianz, Allstate, New York Life, ING, Old Mutual, Jackson National (Prudential UK), Genworth Financial, Aegon, and Sun Life (includes corresponding Graph/Chart) US-269 6l. Bank Annuities US-270 Table 189: US Fixed Annuities Market (2006): Sales of Fixed Annuities Through Banks for Leading Players in US$ Million (includes corresponding Graph/Chart) US-270 Table 190: US Variable Annuities Market (2006): Sales of Variable Annuities Through Banks for Leading Players in US$ Million (includes corresponding Graph/Chart) US-271

25 A Recent Past Overview US-271 Table 191: Leading Individual Annuity Sellers Through Banks in the US: 2002 & 2003 (In US$ Billion) (includes corresponding Graph/Chart) US-271 6m. Offshore Annuities US-272 Benefits Galore US-272 Bar on Direct Solicitation Takes its Toll US-272 Offshore Variable Life Insurance - Holds Much Promise US-272 Transparency Takes the Curtains Off US-272 The Call for Clean Money' US Health Insurance US-274 7a. Market Overview US-274 Hospitals, Healthcare And Managed Care Systems - A Totally Competitive Pie US-274 Health and Managed Care - Looking Up to 2007 US-274 Highlights US-274 7b. Current Trends in the Market US-276 Health Conscious Drives More Business in Healthcare Insurance Sector US-276 Health Insurance Mergers Generate Oligopolies and Monopolies US-277 Sale of Medibank Private Affects Health Insurance Sector US-277 Overweight Individuals Face Higher Insurance Premiums US-277 Baby Boomers Face Expensive Healthcare Services & Inadequate Insurance US-277 Rising Insurance Costs Pin down Health Insurance Levels US-278 Compulsory Coverage for Children - It's A State Boon US-278 Employers Offering Integrated Healthcare schemes for Improving Productivity US-278 Online Insurance Companies Go All Out to Convince Americans to Insure their Health US-278 Health Insurance Increases Focus on Online Channel US-279 Health Insurance Companies Venture into the Expanding Individual Health Insurance Market US-279 Self Insurance Programs - Making Their Presence Felt US-280 The Blues Turning Pale due to rising Mediclaim Costs US-280 Innovative Approaches US-280 The US-Mexico Cross-Border Health Insurance Market US-281 A Troublesome Health Insurance Sector US-281 Expectations for Healthcare Market US-281 7c. Key Players US-282 Table 192: US Health Insurance Market (2003 & 2004): Leading Companies Ranked by Revenues (In US$ billion)for UnitedHealth Group Inc., WellPoint Health Networks Inc., CIGNA Corp., Aetna Inc., and Anthem Inc.(includes corresponding Graph/Chart) US-282 Table 193: Leading Players in US Health Insurance Market (2002): Group Accident and Health Insurance Premiums for United Healthcare Insurance Co., Connecticut General Life Insurance Co, Health Care Svc. Corp., Guardian Life Insurance Co. of America, Aetna Life Insurance Co., Metropolitan Life Insurance Co., Humana Ins. Co., Principal Life Insurance Co., Blue Crass & BlueShield of Fla., and Anthem Health Plans of Va.,Inc (includes corresponding Graph/Chart) US-283 Table 194: Leading Healthcare Plans in the US: 2001 (In Millions) (includes corresponding Graph/Chart) US-283 Decisions Facing the Indemnity Companies US-284 Integration of Group Medical Benefits and Workers' Compensation US-284

26 7d. Challenges Facing Healthcare Insurers US-285 Types of Health Insurance Policies US-285 Medical Expense Plans US-285 Freedom-Of-Choice Plans US-285 Preferred Provider Organization (PPO) Plans US-285 Health Maintenance Organizations (HMOs) US-286 Short-Term Health Insurance US-286 Catastrophic Health Insurance US-286 Traditional Fee-for-Service Coverage US-286 Point-of Service (POS) US-287 COBRA US-287 7e. Historic Perspective US-288 Key Trends in the 90s US-290 7f. Market Characteristics US-293 A Bi-Polar Market US-293 PPOs Rule the Market US-293 Online Enrolment for Health Benefits on the Rise US-293 Individual Health Insurance Market at a Glance US-293 Group Health Insurance US-294 Employer-Sponsored Health Insurance US-294 Snapshots US-294 Table 195: Breakdown of Covered Employees in the US by Type of Coverage & Employer Size: 2001 (In %) (includes corresponding Graph/Chart) US-295 Three-Tier Health Plans US-295 MEDICAID in the US US-296 Medicare Costs More US-296 Medicaid Spending Trends / Projections US-296 Table 196: Annual US Medicaid Expenditure Projections: (In US$ Billion) (includes corresponding Graph/Chart) US-297 Nursing Home Liability US-297 7g. Long-Term Health Care in the US US-298 Long-Term Insurance Products - A Brief US-298 Table 197: US Long-Term Care Insurance Market ( ): Percentage of Workers Having Access to Long-Term Care Insurance (includes corresponding Graph/Chart) US-299 Table 198: Leading Players in the US Long-Term Care Insurance Market (2005): Direct Premiums Earned by Company - John Hancock Life Insurance Co., Genworth Life Insurance Co., Metropolitan Life Insurance Co., Continental Casualty Co., and Bankers Life & Casualty Co., in US$ Million (includes corresponding Graph/Chart) US-299 LTC-Linked Insurance: The Trusted Companion During Uncertain Times US-300 Demand for LTC Insurance Likely to Prop Up US-300 Market Set to Grow US-301 LTC Insurance Witnesses Rapid Consolidation and Stricter Underwriting US-301 Sources of Funding US-301 LTC Vs Disability Income US-301 LTC Insurance VS Other Investments - A Market Scenario US-301 Division of Long Term Care Insurance by Product US-302 What are Viatical Settlements? US-302 Rampant Unfamiliarity US-302 7h. Managed Care Trends US-303 The Negatives US-303

27 Solutions New and Old US-304 Health Maintenance Organization (HMO) Segment US-304 Health-Maintenance Organizations in Colorado Report Losses US-305 HMOs Implement Disease Management Programs US-305 HMOs Pay More to Hospitals US-305 Changing Relationships of the Insurers and the HMOs US-305 The HMO - PPO (Preferred Provider Options) Standoff US-306 Factors Fueling PPO Growth US-306 The Winner to Be US-306 Health Reinsurance - A Costly Affair? US-307 Key Factors Driving Cost Increases US-307 Coverage Limits US-307 Self-Insured Sitting Pretty US-307 Concerns Over Rising Health Insurance Costs US-308 Table 199: Factors Contributing to Rising Health-Care Costs: On a Scale 1-10 (includes corresponding Graph/Chart) US-308 Uninsured Americans - A Perspective US-309 Table 200: Uninsured (Health Insurance) American Population: (includes corresponding Graph/Chart) US-309 Table 201: Uninsured (Health) US Population - Breakdown by Different Characteristics: 2000 US-310 Table 202: Children Lacking Health Insurance in the US by Different Characteristics: 2000 (includes corresponding Graph/Chart) US-311 Uninsured Workers in the US US-311 Other Major Issues US-311 Viability of Genetic Testing US-311 Expenses of Long Term Care US-312 Understanding Technology US-312 Class Action Lawsuits US-312 Women and Health Insurance US-313 Table 203: Health Insurance Coverage by Type for US Women Aged 18-64: 2001 (includes corresponding Graph/Chart) US-313 Table 204: Insured Women's (18-64 Yrs) Healthcare Plans in the US: 2001 (includes corresponding Graph/Chart) US-313 Table 205: Demographical Study of Women Lacking Health Insurance: 2001 (includes corresponding Graph/Chart) US-314 Number of Women Without Health Insurance on a Rise US-314 State Childrens Health Insurance Program (SCHIP) US-315 A Drain on Medicaid Budgets US-315 Eligibility Parameters US-315 The Medicare + Care Choice Program US-315 7i. Disability Insurance US-317 Market Overview US-317 Disability Insurance: A Key Life Segment US-317 Features of Group Disability Income Programs US-317 Features of Individual Disability Income Programs US-318 Changes in the Disability Market US-318 Potential of the Disability Insurance Market US-319 Hard Long-Term Disability Insurance Market US-320 Table 206: Leading Group Disability Insurers in the US (2006): Premiums in US$ Billion for Aetna, Assurant, Cigna, Guardian, Hartford Life, Lincoln Financial Group, Metlife, Standard Insurance, Reliance Standard, and Unumprovident (includes corresponding Graph/Chart) US-320 Table 207: Leading Players in the US Long Term Disability Insurance Market: 2003(Premium in $ Million) (includes corresponding Graph/Chart) US-321

28 Table 208: Leading Players in the US Short Term Disability Insurance Market: 2003 (Premium in $ Million) (includes corresponding Graph/Chart) US-321 Limiting Disability Claim Payments US-321 Individual Disability Insurance Market Makes a Turnaround US-321 Non-Cancelable Disability Income Insurance US-322 Mental Disorders - Adding a New Dimension to Disability Insurance US-322 The Cause and the Solution US Alternative Markets US-324 An Overview US-324 Table 209: US Insurance Industry: Major Alternative Risk Transfer Products (2001) (In $ billion) (includes corresponding Graph/Chart) US-324 High Retention/Deductible Programs US-325 Retrospectively Rated Plans US-325 Captives (Group, Association, Rent-a-Captive) US-325 Table 210: US Insurance Industry (2003 & 2004): Number of Captives by Location(includes corresponding Graph/Chart) US-326 Pros & Cons of Rules on Captives US-326 US Captive Domiciles-Alternate Market Set to Grow US-327 Pools/Trusts US-327 Self-insurance Groups US-328 Producer-Owned Insurance Companies US-328 Consolidation Process US Reinsurance Market US-329 Standing Strong Amid Blues US A Round up US-329 US Group Reinsurance Market Slows Down in 2005 US-330 Catastrophe Reinsurance Experiences Growth US-330 Nationwide Insurance Adopts Fiserv's Solution to Manage Reinsurance US-330 Table 211: US Reinsurance Industry (2006): Premiums Ceded to Reinsurers (Affiliated and Unaffiliated) Outside US by Country - Bermuda, Switzerland, U.K., Germany, Cayman Islands and Others in US$ Billion and Market Share (includes corresponding Graph/Chart) US-331 Table 212: US Reinsurance Market (2005): Percentage Breakdown of Net Written Reinsurance Premiums by Category - Allied, Auto Physical Damage, Commercial Auto Liability, Commercial Multiple Peril, Fire, Homeowners, Inland Marine, Medical Malpractice, Private Passenger Auto Liability, Product Liability, Other Liability, Workers Compensation, and Other Lines (includes corresponding Graph/Chart) US-331 Table 213: Leading Players in the US Reinsurance Market (2005): Net Written Premiums in US$ Billions for Berkley Insurance, Employers Reinsurance, Everest Reinsurance, Folksamerica Reinsurance, National Indemnity, Odyssey America, Partner Reinsurance, Platinum Underwriters, Swiss Reinsurance, and Transatlantic Reinsurance (includes corresponding Graph/Chart) US-332 US Ordinary Reinsurance Market on the Downfall US-332 Table 214: Leading Players in US Ordinary Reinsurance (In-Force) Market (2005): Percentage Breakdown by Company - Canada Life, General Re life, Generali USA Life Re, GE Ins. Solutions, Munich American Re, Revios Re, RGA Re Company, Scottish Re, Swiss Re, Transamerica Re, and Others (includes corresponding Graph/Chart) US-333 Table 215: Leading Players in US Ordinary Reinsurance

29 (Assumed) Market (2005): Percentage Breakdown by Company - Canada Life, General Re life, Generali USA Life Re, Manufacturers Life, Munich American Re, RGA Re Company, SCOR Life Re, Scottish Re, Swiss Re, Transamerica Re, and Others (includes corresponding Graph/Chart) US-333 Table 216: Leading Players in US Reinsurance Market (2005): Recurring New Business in US$ Million for Canada Life, General Re, Generali USA, MARC, RGA, Revios, Scottish, Swiss Re, SCOR, and Transamerica (includes corresponding Graph/Chart) US-334 Reinsurers to Offer Public Stock US-334 The Foreign Presence US-334 Table 217: Leading Reinsurers in the US by Percentage Market Share of Gross Written Premium: 2004 (includes corresponding Graph/Chart) US-335 Table 218: Leading Property/Casualty Reinsurers in the US by Net Premium Written in US$ Billions: 2003 (includes corresponding Graph/Chart) US-336 Several Reinsurers Pull Out of US Market US-336 Consolidation in the US Life Reinsurance Market: 2002 Vs 2004 US-337 Impact of the Consolidation Process US-337 A Historic Review US-338 Table 219: Business Break-Up (In %) of Leading Reinsurance Sellers in the US: 2000 (includes corresponding Graph/ Chart) US-338 Other Key Trends US-339 Globalization US-339 Evolution of New Contracts US-339 The Problem of Disputes US-339 Derivatives Rise US-340 Effect of London Market Consolidation US-340 Catastrophe Reinsurance US-342 High Rates Characterize Catastrophe Reinsurance US-342 The Group Life Catastrophe Reinsurance Market US-343 US Catastrophe Reinsurance Schemes US-343 TRIA- Main Characteristics US-343 Waterfront Property Insurance US-344 Special Calamity Plans US-344 Life Reinsurance Business US-345 Changing Face of Life Reinsurance US-345 Cession Rates Drive Growth US-345 Advantage Life Reinsurers US-346 Table 220: Leading Players in US Life Reinsurance Industry (2005): Premiums in US$ Billion for Select Companies - General Re Life, Lincoln National Life, London Life, Munich American Reassurance, RGA Reinsurance, Scottish Re, Security Life of Denver Insurance, Swiss Re Life & Health, Transamerica Financial, and Transamerica Occidental Life (includes corresponding Graph/Chart) US-346 Table 221: Leading Players in US Life Reinsurance Industry (2005): Percentage Share of New Business Premiums Written by Company - Canada Life, General Re Life, Generali USA Life Re, Munich Re, RGA, Revios Re, SCOR Life Re, Scottish Re, Swiss Re, Transamerica Re, and Others (includes corresponding Graph/Chart) US-347 Table 222: Leading Players in US Life Reinsurance Industry (2005): Percentage Share of Premiums Written (In-Force) by Company - Canada Life, GE Insurance, General Re Life, Generali USA Life Re, Munich Re, Revios Re, RGA, Scottish

30 Re, Swiss Re, Transamerica Re, and Others (includes corresponding Graph/Chart) US-347 Key Trends in Life Reinsurance US-347 Insurers Shed Risk to Assume Broader Role US-347 Terms Policies Hot on Reinsurance Circuit US-348 Factors Influencing Growth in Life Reinsurance Market US-348 Demutualization Pushing the Reinsurance Market US-348 Regulations Promote Reinsurance Business US-349 Outlook US-349 Reinsurance Broking Industry US-349 Smaller Brokers Call the Shots US-349 Hard and Soft Market Issues US-350 Big Brokers Bring Incentives to Work US-350 Outlook US Captive Insurance US-351 Captives Set for a Big Leap US-351 Hawaii - A Major Captive Domicile US-351 Hawaii Aims to Emerge as Global Player in Insurance Market US-351 Regulatory Overview US Surplus Lines US-353 Surplus Lines Market - Current and Potential Trends US-353 Prospective Trends of US Specialty Lines Insurance Market US-353 Surplus Lines - Going Strong US-353 Leading Players US-354 Table 223: Leading Players in the US Surplus Lines Insurance Market (2006): Nonadmitted Direct Written Premiums by Company - Lexington Insurance Company, American International Specialty Lines Insurance Company, Steadfast Insurance Company, Scottsdale Insurance Company and Columbia Casualty Company US$ Billion (includes corresponding Graph/Chart) US-354 Table 224: Leading US Surplus Line Groups (2005): Premiums in US$ Million for Select Companies - ACE INA, Arch Insurance, AIG, AXIS, Berkshire-Hathaway, CNA Insurance, Markel, Nationwide, WR Berkley, and Zurich (includes corresponding Graph/Chart) US-355 Table 225: Leading US Domiciled Surplus Line Writers in 2000 (In US$ Million) (includes corresponding Graph/Chart) US-355 The Powerhouse Called Lloyd's US-356 The Market in California US-356 Key Trends US-356 Hardening Prices US-356 Pools US-357 Risk Retention Groups (RRGs) US-357 Purchasing Groups (PGs) US-357 Self-Insurance Groups (SIGs) US Bancassurance in The US US-359 Table 226: Leading US Banks Ranked by Insurance Sales Income (In US$ Million) for 2002 (includes corresponding Graph/Chart) US-360 Table 227: Leading US Bank Holding Companies by Insurance Revenues (In US$ Million) for 2002 (includes corresponding Graph/Chart) US-360 Life Insurance Business in Banks Get New Life US-360 MetLife US-360 Hartford Life Insurance Company US-361 The Banking Channel US-361 Prudential Insurance Company of America Inc US-361

31 Nationwide Insurance US-361 Competition from European Banks US-362 Structural Comparisons - Banks and Insurance Companies US-362 Banks Vs Insurance Companies US-362 Disturbingly Underserved Nature of the Insurance Marketplace US-363 Risks US-363 Insurance Carrier Versus Agent - Shifting Support in Washington US Marketing and Distribution US-365 Distribution Channels - Changing Scope US-365 Table 228: Percentage Share of Major Distribution Channels in the US: 1998 Vs 2003 (includes corresponding Graph/Chart) US-365 Work-Site Marketing Becoming Popular US-365 Table 229: US Worksite Life Insurance Sales (In %) by Line of Business for 2003 (includes corresponding Graph/Chart) US-366 Independent Market Organizations - IMOs US-366 Independent Producers Call the Shots US-366 Insurance Brokerage US-366 Brokerage Market Witnesses Dampened Activity on the M&A Front US-366 Snapshots of the Brokerage Sector in the US: US-368 Table 230: Leading Business Insurance Brokers in the US by Brokerage Revenues: 2003 (In US$ Billion) (includes corresponding Graph/Chart) US-368 Managing General Agents US-369 Life and Health Insurers Hitch Onto the Internet Bandwagon US-369 Demographics Propel the Sector US-369 Table 231: Online Sales of Life and Health Insurance in the US: (In US$ Billion) (includes corresponding Graph/Chart) US-370 Opportunities Abound for Small Business US-370 Table 232: Small Office/Home Office Premiums in the US: 2001 & 2005 (In US$ Billions) US-370 Buying Insurance - Online US-371 Table 233: Consumer Preferences for Online Insurance Purchases in the US (In %)(includes corresponding Graph/ Chart) US-371 Role of Actuaries US-372 Table 234: Actuaries in Insurance & Allied Fields in the US: (includes corresponding Graph/Chart) US-372 Call Center Expenditures US-373 Table 235: US Insurance Sector Investments in Call Center Technology: (In US$ Millions) (includes corresponding Graph/Chart) US-373 Table 236: US Insurance Investment in Call Centers by Category: (In US$ Millions) (includes corresponding Graph/Chart) US Regulatory Overview US-374 National Association of Insurance Commissioners (NAIC) of the US US-374 USA PATRIOT Act - Challenges US-374 Vulnerable Targets US-374 The New Disabilities Act US-374 Proposition 103 Keeps Insurance Rates in Check US-375 Effects of Florida's Insurance Reform US-375 New Property Insurance Legislation in Florida US Product Launches in the US US-377 Anthem launches New Insurance Plans for Small Businesses US-377 Aetna Introduces Insurance Products for New and Small Businesses US-377 Precedent Introduces Innovative Health Insurance Plans US-377 Greenbee.com Offers New Pet Insurance Cover US-378 Performance Insurance introduces Low Cost Car Insurance US-378 Vsurance Introduces Pet Boarding Kennel Insurance US-378

32 Lexington Enhances BioChem Shield(SM) Capacity US-378 Vsurance to Launch Insurance Product for New Pet Owners US-378 Zurich to Introduce Unicover VI Policy US-378 Allstate Introduces New Landlord Insurance Product in Texas US-379 Texas Mutual to Launch e-billing System US-379 Hiscox USA to Introduce Allied Healthcare Insurance US-379 RMS to Launch Reinsurance Platform to Transform Portfolio Risk Management US-379 Darwin Introduces CRLI US-379 Guy Carpenter Introduces SelectCat US-380 XL Insurance Introduces Product Recall Insurance US-380 Farmers Insurance Offers New Auto Insurance Policy US-380 Ben-e-lect Offers New Dental Plan US-380 AIG Launches AIG Passport(SM) US-380 National Insurance Launches New Motorcycle Policy US-380 Humana Unveils New Health Insurance Policies US-381 Anthem Life Rolls Out Resource Advisor US-381 Travelers Establishes Catastrophe Bond Program US-381 Health Net Introduces Medicare Plan US-381 John Hancock Annuities Provides Optional Withdrawal Benefit US-381 Humana Launches Affordable Health Care Plans US-381 Golden Eagle Launches Solution for Commercial Businesses US-381 Quadrant's Nursing Home Liability Program Now in Texas US-382 ASPCA Releases New Pet Health Insurance Product US-382 Guardian Life and Health Net Launches Healthcare Policy US-382 American National Introduces New Indexed Annuity US-382 Loyal American Life Unveils New Policy for Baby Boomers US-382 Fort Dearborn Introduces Dental Insurance Program US-382 Squaremouth Launches Fully Customizable Travel Insurance System US-383 USHealth Group Launches Health Insurance Product US-383 USHealth Group Introduces New Fixed-Rate Insurance Scheme US-383 American Specialty Launches a New Health Plan US-383 Blue Cross and Partners Propose the Launch of Oklahoma Chamber Blue Health Insurance Plan US-384 Meadowbrook Insurance Group Introduces Medical Malpractice Product US-384 Experian Offers AutoCheck with Buyback Insurance Facility US-384 NeoStem Inc. Introduces "True Life Insurance" US-384 ADN Unveils Novel Insurance Services for UK Auto Dealership Market US-384 INA offers Auto Insurance Products through Ford Motor Company Insurance Program US Recent Industry Activity in the US US-386 AIG Acquires 21st Century Insurance Group US-386 AmTrust Completes Acquisition of Associated Industries US-386 Euler Hermes Acquires United Mercantile US-386 Fort Dearborn Life Acquires Northstar Life US-386 Rockhill to Acquire RTW US-387 GAINSCO Divests General Agents Insurance Company US-387 SICO USA Acquires Republic Insurance US-387 Hilb Rogal & Hobbs to Acquire BACIA US-387 Unitrin to Divest Unitrin Business Insurance US-388 Liberty Mutual Acquires Ohio Casualty US-388 Tawa to Acquire PXRE Reinsurance Company US-388 Hyperion Acquires International Program Managers US-388 Citi Acquires BISYS' Investment Service Division US-389 J.C. Flowers Acquires BISYS' Retirement and Insurance Service Division US-389 Franklin Holdings' Subsidiary Acquires James River Group US-389 Allied World Assurance to Take Over Converium Insurance US-389 American Financial Group to Acquire Strategic Comp Holdings US-390 Humana Acquires KMG America US-390

33 USI Holdings Acquires Treadwell & Harry US-390 The Doctors Company to Acquire SCPIE Holdings US-390 Farmers Insurance Acquires Bristol West Holdings US-391 Coventry Health Care Acquires Certain Mutual of Omaha US-391 W.R. Berkley Acquires American Mining Insurance US-391 Assurant Extends Distribution Pact with Service Corporation US-391 CUNA Mutual Insurance Society to Merge with CUNA Mutual Life Insurance US-392 CUNA Acquires Stake in Producer's Ag US-392 Endurance Acquires ARMtech US-392 Unitrin's Subsidiary Acquires Merastar US-392 Alleghany Acquires EDC US-393 Great-West Lifeco to Divest Great-West Healthcare Business US-393 Skywire Software and SISTRAN into an Alliance US-393 Darwin to Enter into Strategic Partnership with K&B US-393 Unitrin to Divest UBI to AmTrust US-393 Munich Re to Acquire Midland Company US-394 Western National and Farmers Home Policyholders Support Merger Plan US-394 CMLIC & CUNA Mutual Insurance Society to Merge US-394 UnitedHealth Group and Sierra Health Services Obtains Merger Approval from California Department of Insurance US-394 Liberty Mutual Acquires Ohio Casualty US-395 AEGON to Acquire Merrill Lynch Life US-395 Zurich Acquires Bristol West Holdings US-395 Brown & Brown Acquires Independent Insurance Associates US-395 Brown & Brown Acquires Assets of Lloyd US-395 Brown & Brown Acquires Assets of Professional Risk Managers and PRM Group US-396 Van Gilder & EnRisk to Offer Risk Counsel and Insurance US-396 Brown & Brown Acquires Island Risk Management US-396 Brown & Brown Acquires JPMorgan's Property and Casualty Insurance Business US-396 Brown & Brown Acquires Dalton's Assets US-396 Brown & Brown Acquires Assets of Security Insurance and Security Risk Managers US-396 Fidelius Group Acquires Westward Counties US-397 American Wholesale Group to Acquire AEU US-397 Medical Mutual Takes Over Carolina Care Plan US-397 National Financial Teams Up with ING US-397 AIG to Take Over 21st Century Insurance US-397 J.C. Flowers to Buy Stake in Response Insurance US-397 Ameritas to Take Over LifeRe US-397 Liberty Mutual to Buy Ohio Casualty US-398 Alleghany to Acquire Employers Direct Corp. US-398 UnitedHealth Acquires Sierra US-398 TFIA and BancInsure Sign Agreement US-398 Highmark and Independence Blue Cross to Merge US-398 APS Acquires APIE US-398 Farrah Extends Contract with NAIC US-398 Navigators Group Expands Excess Casualty Capacity US-399 Johnson Insurance Takes Over Kaufman/Haum US-399 Watkins Group Buys AIC-Sun Belt US-399 Viking Insurance to Acquire NIA Corp US-399 ASAM Acquires Frontline Agencies of Alabama US-399 Goldman Sachs to Takeover USI Holdings US-399 First American Buys Out Complete Title Services US-399 Houston General to Offer P&C Insurance in Illinois US-399 Zurich Snaps Up Bristol West Holdings US-400 Bank of America to Form JV with Lloyds US-400 QBE Buys Out Winterthur US-400 Mofet to Acquire US Insurance Company US-400 Guaranty Insurance Services Acquires Hilliard Box Insurance US-400

34 Hanover to Buy Professionals Direct US-400 Wintrust Financial to buyout Broadway Premium Funding Corp US-401 Centene Acquires a Small Stake in Access Health Solutions US-401 Coventry Snaps Up Group Health Company in Nebraska US-401 Gowrie Brett & Young Acquires Fairfield Insurance US-401 Fort Dearborn Purchases Northstar Life Insurance US-401 LTC Completes Acquisition of Gelbwaks Insurance US-401 Wyncrest Group Purchases Southwest Financial Group US-401 Private Capital Management Acquires Security American Financial Enterprises US-402 SS Nesbitt to Buy ANB Insurance Services US-402 Berkshire Acquires Converium Reinsurance US-402 Medical Mutual Acquires 1st Medical Network US-402 Hanmi Financial Acquires California-Based Firms US-402 AmeriNet Buys Out Insurance Businesses of AllHealth US-402 Old Republic Snaps Construction Program Group US-402 ONEX Takes Over Aon Warranty US-402 American International Snaps Up Arch Insurance US-403 UTG Acquires ACAP US-403 LifeSecure Buys Out Columbia Universal US-403 MultiPlan Acquires Private Healthcare Systems US-403 Aviva Snaps Up AmerUs US-403 State Automobile to Acquire Beacon US-403 Bradford Acquires Best Title & Processing LLC US-403 WL Ross Buys Stake in Blue Ocean US-403 Answer Financial Acquires InsLogic US-403 Intersections Acquires Chartered Marketing US-404 Great American Financial Snaps Up Ceres US-404 The First American Acquires UKValuation US-404 HUB Snaps Up Citizens Clair and Other Firms US-404 Genworth Acquires Continental Life US-404 Christian Fidelity Takes Over Dallas US-404 TPG-Axon Buys Stake in DaVinci ReInsurance US-404 Castlewood Acquires Enstar Group US-404 Manhattan Life Takes Over Family Life US-405 Direct Pet Health to Purchase First Pet Life US-405 HUB Buys Out Fortun Insurance US-405 First Harrison Bank to Divest P&C Business US-405 Life of the South Takes Over American Guaranty Insurance US-405 Pets Best Acquires General Fire's Pets Division US-405 Groupama Buys Stake in Basak US-405 Berkshire Snaps Up Huff Realty US-405 Health Care Service Acquires Highmark's Life and Disability Business US-406 Alleghany to Purchase Stake in Homesite Group US-406 UnitedHealth Takes Over Student Resources US-406 AmTrust Takes Over Wesco US-406 Grupo Financiero Acquires Stake in Inter National Bank US-406 Brandquest Acquires InsurElec US-406 New York Life Enters into an Agreement with Institutional Capital US-406 Reliance Standard Acquires Integrated DisAbility Resources US-406 Sage Global to Buy JPJ Reinsurance US-406 Brooke Snaps Up Generations Bank US-407 US Energy Holdings Buys Out Lakeside Insurance US-407 CIGNA to Acquire Mid-South Admin Group US-407 American European Group to Acquire Merchants Group US-407 Carlyle Group Acquires MultiPlan US-407 LandAmerica Buys Out Mar-Vel Enterprises US-407 LandAmerica Snaps Up Napa Land US-407 Affordable Residential Communities Acquires NLASCO US-407 Doctors Co to Acquire OHIC Insurance US-407 Universal American Financial Acquires Harmony Health US-408 Securian Financial Snaps Up CNL Financial US-408

35 Unity Life Acquires Prudential's Arm US-408 Yukon Acquires Peoples Bank US-408 WellPoint Acquires QualChoice US-408 Delek Acquires Republic Cos US-408 Highmark to Buy Risk Based Solutions US-408 Old Republic Takes Over Sentry Abstract US-408 Assurant Snaps Up SAFECO FIS US-408 Medical Mutual Acquires Summit's Health Insurance Business US-409 Murray Insurance Buys Out Lancaster Insurance US-409 Stewart Information Services Acquires The Title Co US-409 Gard Services Snaps Up Trimar Defence US-409 Stewart Information Services Acquires Telluride Mountain Title US-409 Stewart Information Services Acquires Texas State Title US-409 Priority Health to Buy Care Choices US-409 Hartford Divests Omni Insurance Group US-409 Citigroup to Acquire Union de Bancos de Cuscatlan US-409 HALO Acquires Unify's Division US-410 La Capitale Snaps Up UAFC US-410 CIGNA Acquires UnitedHealth's Health Care Divisions US-410 Great Northwest Takes Over Hawaiian Insurance & Guaranty US-410 Principal Financial Group Acquires WM Advisors US-410 Lightyear Capital Purchases Stake in Sirius America US-410 The Capacity Group to Take Over WSIB US-410 NBIS Buys Out Special Risk Services US-410 AIG Takes over Travel Guard Companies US-411 Wagenen and Lee & Mason Signs Distribution Pact US-411 Aviva Acquires AmerUs US-411 Cairnstone Re Completes Acquisition of CapRisk US-411 AJB Ventures Acquires Administrators For the Professions US-411 CPEhr to Compensate for the Closure of PacAdvantage US-411 Health Alliance Plan Acquires CuraNet US-412 Appalachian Underwriters Acquires Assets of US Administrators US-412 TREK Holdings Takes Over American Medical & Life Insurance US-412 Aegon to Buy Clark US-412 Paris Re Holdings Acquires AXA Re's Present Business US-412 Arthur J. Gallagher Takes Over Sobieski & Bradley US-412 Hull & Co Acquires High Country Insurance US-412 Partners Benefit Group Merges With Carey-Neville Insurance US-413 Manufacturers Life Insurance Acquires Pramerica Life US-413 Health Benefits Acquires Insurance Specialist Group US-413 Hilb Rogal to Acquire Zutz Associates US-413 CIGNA Acquires Star HRG US-414 XL RE Life Acquires Servus Life Insurance US-414 Life of the South Acquires Lyndon Southern Insurance US-414 Stewart Acquires Longmont Title Holdings US-414 LandAmerica to Take Over Capital Title Group US-414 Brown & Brown Acquires Benefit Development Group US-415 Beecher Carlson Acquires Cramer & Giles Insurance US-415 BellGroup Acquires McCone Insurance Group US-415 Brown & Brown Takes Over Setser Bill Insurance US-415 ChoicePoint Takes Over Insuratec Inc. US-415 Great Central Appoints Keystone Insurers Group as Distribution Partner US-415 HCC Insurance Acquires G.B. Kenrick & Associates US-416 ChoicePoint Acquires Certain Assets of epolicy Inc US-416 Fiserv Takes Over Insurance Wholesalers US-416 Dakin Insurance Agency Acquires Altemeier Oliver and Company US-417 Erie Insurance and Erie Indemnity Acquire Erie Family Life Insurance US-417 Pan American Acquires Sunland Insurance US-417 Hub International Takes Over Westar Insurance Managers US-417 Stewart Title Insurance Acquires Monroe Title US-418 Willis Group Opens New Office in Spokane US-418

36 HCC Insurance to Take Over Novia Underwriters US-418 Stewart Title of Detroit Acquires Lapeer County Abstract and Title Co US-418 Fort Dearborn to Take Over Highmark's Life and Disability Business US-419 American Modern Insurance to Acquire Southern Pioneer US-419 Berkshire Hathaway Acquires Applied Underwriters US-419 Hellman & Friedman to Acquire Gartmore Investment Management of UK US-420 Willis Group Forms Alliance with Health Grades US-420 PACEL Acquires Consolidated Services US-420 Unitrin to Initiate Merger of its Two Business Units US-420 Acordia Takes Over the Assets of Bodenhafer US-421 Hilb Rogal to Acquire Thilman & Filippini US-421 Brown & Brown Takes Over Assets of Anderson Group US-421 Swiss Reinsurance Acquires GE Insurance Solutions US-422 USI Holdings Acquires Frederick E. Penn Insurance Agency US-422 Pan American Acquires CPS Sacramento US-422 Risk Placement Services Acquires Lemac & Associates US-423 Security Federal Acquires Collier Jennings Companies US-423 Protective Life Corporation Acquires Stake in Chase Insurance Group US-423 Arthur J. Gallagher Takes Over S. P. Tarantino Insurance Brokerage US-423 Hub International Acquires ebenefits Group US-424 Security National Financial Corp Acquires Memorial Insurance US-424 Gallo Insurance Acquires Individual Policy Division of Slaton Agency US-424 Lincoln National Merges with Jefferson-Pilot US-424 USI Holdings Takes Over Frank Siddons Insurance US-424 Wachovia Corp. Acquires Insurance Brokering Firm US-425 The Doctors Company Takes Over Northwest Physicians US-425 American Wholesale Insurance Group Acquires Web TPA US-425 Eastern Holdings Completes Conversion and Acquisition US-425 Great-West Life to Acquire Select Businesses from Metropolitan Life US-426 HealthNow Signs Agreement to Acquire Brokerage Concepts US-426 RBC Insurance to Merge Core Insurance Business in United States US-426 Oswald Companies to Acquire Poyle Associates US-427 Mercy MC+ and Community CarePlus Programs Receive Merger Approval US-427 Ameritas Acacia Merges with Union Central Life Insurance Company US-427 Health Net Eyes Universal's Health Insurance Business US-428 Humana Pens Purchase of CHA Health US-428 AssuranceAmerica Acquires Tampa No-Fault US-428 First Acceptance Agrees to Buy the Assets of Insurance Plus US-428 Independence Branching in to Consumer Health Plans Administration US-428 Grupo Security Pockets Inter-Rentas for US$128 Million US-428 Sandy Spring Banks upon Physician Liability Insurance US-428 CBIZ Adds Presence in Construction & Technology Insurance Brokerage US-428 DFBI Tucks in ED&S US-429 USI Picks up Professional Liability Insurer US-429 Sky Financial Buys Brokerage Firm US-429 Molina to Acquire HCLB and Cape Health Plan US-429 CTG Takes Over Flood Zone US-429 Seattle Financial Purchases Turnure & Associates US-429 AssuranceAmerica Purchases The Insurance Centre US-429 Bollinger Acquires MLW Services US-429 Arthur J Gallagher Purchases Benefit Management Group US-430 Rainier Pacific Acquires Two P&C Insurers US-430 Hallmark Acquires Aerospace Holdings US-430 Motors Insurance Acquires MEEMIC Holdings US-430 Brown & Brown Acquires Axiom Intermediaries US-430

37 Great American Acquires Fixed Annuity Block from Old Standard US-430 CSSG Acquires American Title Co of Houston, Title Resources Guaranty and Texas American Title US-430 First Acceptance Acquires Plus and Yale US-430 National Investment Acquires Valley US-431 Kentucky State Introduces New Law to Check Uninsured Drivers US-431 MetLife Acquires Travelers Life US-431 Western and Southern Financial Group Pockets Lafayette US-431 Guaranty Insurance Services Snaps Up Walter Mortensen US-431 Compass Acquires the Assets of Warren Benefits US-431 Brown & Brown Acquires De Arrieta Insurance Agency US-432 First American Signs an Agreement to Acquire Trans Continental US-432 ACE Medical Risk Purchases Renewal Rights to Alternative Risk Hospital Portfolio of GE Insurance US-432 Hallmark to Acquire PAAC US-432 HCC Completes the Acquisition of Perico US-432 Virgin Group to Enter US Insurance Market US-433 USI Holdings Enters into an Agreement With Patterson Smith US-433 Capital Assurance Corp Acquires Standard Life Insurance Co. US-433 Pacificare Health Acquires Pacific Life's Health Insurance Business US-433 Adams County Buys Russell Insurance US-433 United National Purchases Penn-America Group US-433 Aegon USA Acquires Global Preferred Re US-433 Brown & Brown Acquires American Specialty Cos US-433 Alfa Corp Acquires Vision Insurance Group US-434 United National Purchases Penn-Independent Corp US-434 HCC Acquires MIC Life Insurance US-434 Health Benefits Direct Corp Joins Darwin Corp. US-434 MIIX Buys MDAdvantage US-434 Ameritas Merges with Union Central Life Insurance US-434 Arthur J Gallagher Acquires Brokerage Professionals US-434 HUB Acquires Impact Insurance Services US-434 Lawson-Hawks Acquires USI's Property and Casualty Business US-434 UnitedHealth Acquires United Medical US-435 HUB Acquires Employee Benefit Specialists Inc US-435 Long Term Care Acquires Nations CareLink US-435 Bankers Warranty Acquires VAC Service Corp US-435 Lindsay Purchases Stake in Alliant Resources US-435 Vulcan Acquires International Catastrophe Insurance US-435 Arthur J Gallagher Acquires Interpacific US-435 Brown & Brown Acquires Timothy R. Downey US-435 Harbor Point Acquires Chubb Re Inc US-435 Goldman Sachs Acquires Allmerica Financial US-435 American International Ups Stake in Richmond Insurance US-436 Health Care Service Takes on Blue Cross & Blue Shield US-436 USI Holdings Acquires HRB Benefits Group US-436 Aetna Acquires HMS Healthcare US-436 Honua Investment Acquires Minority Interest in Sechung Chemical US-436 USI Holdings Acquires Winthrop Insurance US-436 Servco Insurance Purchases Grosseto Marine Insurance US-436 Wachovia Securities Buys Stake in Zenith US-436 NELX Acquires West Virginia Fire & Casualty US-436 Sentry Insurance Acquires Viking Insurance US-437 JC Flowers Jointly Buys Affirmative Insurance US-437 Mercer Insurance Acquires Financial Pacific Insurance US-437 Chicago Title Acquires Service Link US-437 Aurora Inc Acquires Pega Risk Managers US-437 Hull & Co Acquires E & S Brokerage Services US-437 Brown & Brown Acquires AAI US-437 Arthur J Gallagher Acquires Classic Insurance Services US-437 USI Holdings Acquires Humanex Inc., and Richard B. Cross & Associates US-437

38 Brown & Brown Acquires BeneTec Inc US-438 Bush Cotton & Scott Acquires Tash Lyle & Jones US-438 Arthur J Gallagher Acquires WorkCare Northwest Inc US-438 MetLife Buys Stake in Mitsui US-438 Darwin National Acquires Ulico Casualty Corp US-438 MetLife Acquires Citigroup's Travelers Life & Annuity Co US-438 Beecher Carlson Acquires Jewett Barton US-438 Farmers Capital & Hamburg Insurance Purchase KHLIC US-438 InterFinancial Holdings Corp Plans to Acquire Drivers Protection Group US-439 EMLIC to Acquire Eastern Holding US-439 Stewart Title Buys Outstanding Stake in Advance Title Holding US-439 LandAmerica Acquires Century Title Services US-439 OneBeacon Insurance Acquires First Media Insurance US-439 Lawson-Hawks Acquires Dillenback & Lomanto Insurance Agency US-439 Providence Insurance Managers to Acquire PMI US-439 Stewart Sneed Hewes Group Buys Kyzar & Co US-439 Arthur J Gallagher Acquires Marine Insurance Service LLC US-439 NASDAQ Stock Market Inc Acquires Stake in NASDAQ Insurance Agency US-440 Triple-S to Acquire Great American Life US-440 Inviva to Acquire Utica National Life US-440 UnitedHealthcare to Acquire Deere US-440 CAA Acquires USHealth US-440 UnitedHealth Acquires PacifiCare US-440 Farm Bureau to Acquire Crop 1 US-440 Sequel Acquires Stake in Homeowners of America US-440 Sky Financial Acquires Steiner Insurance US-441 Clark Consulting Acquires MedEx US-441 Euclid Insurance to Acquire Environmental Insurance US-441 Humana Inc. Acquires CorpHealth Inc US-441 AmTrust to Acquire Alea US-441 Rockhill Acquires United Coastal Insurance Co US-441 Hallmark to Acquire TGA and Texas General Agency US-441 Forethought to Acquire Non-SCI US Preneed Business US-441 HCC Acquires Illium Insurance US-441 Brown & Brown Acquires Weible & Cahill LLC US-442 LTC Global Acquires Ft Myers Agency US-442 Accident Fund Insurance Acquires United Wisconsin US-442 Wells Fargo Acquires JS Corp US-442 SNFC Acquires Memorial Insurance Co of America US-442 Preferred Care to Unite with MVP Health Care US-442 Goldman Sachs and Blackstone to Acquire UICI US-442 Brown & Brown Acquires Nichols & Associates US-442 Navigators Group Acquires Lloyds Syndicate 1221 US-442 IAT Reinsurance Acquires US Insurance Businesses of SIRVA US-443 Oswald Cos Picks Up J A Ice & Associates US-443 Harbor Point Acquires Chubb Re US-443 Acordia Acquires Somerton Student Insurance Services US-443 USI Holdings Acquires Dascit/White & Winston US-443 National Interstate Insurance Acquires Triumphe Casualty US-443 Aero Insurance Merges with AirSure Ltd US-443 Three Insurance Companies Merge to Form Securance Group US-443 Kingsway Financial Acquires HI Holdings US-443 NASDAQ Stock Market to Acquire Carpenter Moore Insurance Services US-444 J C Flowers & Co Acquires Crump Group US-444 The Doctors Co to Acquire Northwest Physicians US-444 TD Banknorth Acquires Boothby & Bartlett Company US-444 Inviva to Acquire Utica National Life Insurance US-444 Renaissance to Acquire Central National US-444 HIP to Acquire The PerfectHealth Insurance US-444 BlueCross BlueShield to Acquire Gordian Health Solutions US-444 Preferred Care Pens an Agreement with MVP Health Care US-444 ProCentury Acquires Firemans Fund Insurance US-445

39 SafeGuard Health Acquires General Electric's Dental & Health Maintenance Business US-445 Hellman and Friedman Jointly Acquires St. Paul Travelers US-445 Stewart Acquires Central Title LLC US-445 Fidelity Pockets STG Associates US-445 CapTech to Take Over Your Title Choice US-445 FMT Purchases First Montana Title Co US-445 Stewart Acquires Moritz Title Co US-445 Silverado Acquires Stake in Liberty Settlement Services US-445 Cardiff Acquires Industrial Underwriters Insurance Co. US-445 Comprehensive Unites with IBI Benefits Inc. US-446 American Financial to Takeover Farmers Crop Insurance Alliance Inc. US-446 Wells Fargo Acquires JS Crop Insurance, Inc. US-446 Hicks Muse Acquires Swett & Crawford Group US-446 Brown & Brown Acquires Sleeping Giant Agency Inc. US-446 Security National Acquires Memorial Insurance Co. of America US-446 Equus Acquires 1st Metro Insurance US-446 CSI Acquires ComSearch Inc US-446 Tower to Takeover MIIX Insurance US-446 HUB Acquires Blanchard Insurance Inc. US-446 National Investment Acquires Haddon Strategic Alliances Inc. US-447 HUB Purchases Kline Transportation Insurance US-447 Balco Acquires Barkley Associates LLC US-447 Aon Corp. Acquires Lenzi Broker Assicurazioni SRL US-447 QBE Purchases National Farmers US-447 BB&T Acquires Vista Insurance Partners Inc. US-447 Commerce Bancorp Pens to Acquire BK International US-447 First Niagara Acquires Hatch Leonard Naples Inc. US-447 American Television Acquires First Pet Life Inc. US-447 Affirmative Acquires IPA LLC US-448 Strategic Health Associates to Take Over GroupLink US-448 Brown & Brown Acquires US Risk Insurance Group Inc's Governmental Program Division US-448 Hilb Rogal Purchases Doherty US-448 Trident III LP Acquires Majority Stake in ZC Sterling Corp. US-448 Arthur Purchases Alternative Market Specialists US-448 Rebsamen Insurance Acquires Galbreath Insurance Agency US-448 Wood Acquires Adams & Porter Brasil US-448 Berkshire to Acquire Medical Protective Corp. US-448 White Purchases First Media US-448 Stewart Acquires Abstract & Title US-449 Access Insurance Acquires Century American US-449 Beneficial Insurance Services Acquires Paul Hertel & Co. US-449 First Niagara Signs Agreement with LA Lama US-449 Capital One Financial Acquires InsLogic US-449 Sentry Insurance a Mutual Company Acquires ALF Insurance Agency US-449 Bridge Street Enters Into an Agreement with Ladd US-449 Tower Group Inks Agreement with American Lumber Insurance US-449 National Penn Acquires Krombolz US-450 S&T Bank Acquires Cowher Nehrig & Co. US-450 Brown & Brown Acquires Hull & Co. US-450 Neace Lukens Acquires Integrity Insurance Agency US-450 Hilb Rogal Acquires Ed Murray & Sons US-450 Arthur Acquires Marine Insurance US-450 International Insurance Brokers Enters into Agreement with Team Bank US-450 Hilb Rogal Acquires True Benchmark US-450 Brown & Brown Acquires USI Holdings US-451 American Wholesale Insurance Enters into Agreement to Acquire Stewart Smith US-451 Brown & Brown Acquires Emerald Benefits US-451 Equus Acquires Dunnottar US-451

40 Firemans Acquires International Film Guarantors US-451 S&T Bancorp, Inc. Acquires Bennett Associates, Inc. US-451 Brown & Brown Acquires Assets of ECC US-451 Willis Group Enters into an Agreement with Primary US-451 MEM Acquires Integrity Research US-452 Savage & Associates Acquires Christie Financial Services US-452 CBIP Acquires Salem Insurance US-452 AssuranceAmerica Acquires Cannon Insurance Agency US-452 Beech Street Corp Acquires BestCare Inc. US-452 ConnectedCare Acquires Bay Benefits LLC US-452 Insurers Administrative and Independence Acquire majority interest in Health Plan US-452 NASDAQ Snaps up Carpenter Moore US-452 Stewart Information Acquires Burnt Store US-453 Stewart Title Acquires Jackson Kahl US-453 Stewart Information Acquires Midwest Title US-453 Stewart Acquires Pine Island Title Insurance US-453 First American Title Acquires United General Financial Services US-453 ProAssurance to Take Over NCRIC US-453 PIC Wisconsin Merges with ProAssurance US-453 Octagon Risk Services Acquires Managed Care Holdings Corp. US-454 Jubilee Managing Acquires Cassidy Davis US-454 GoldK Acquires Retirement Plan Co US-454 Cypress Merges with Arrowhead US-454 MetLife to acquire SK Life Insurance US-454 Gallagher Merges Reinsurance Brokerage Subsidiaries US-454 Strategy International to Acquire RS Group US-454 Jefferson-Pilot Corp. Eyes Merger with Lincoln National Corp US-455 The South Financial Acquires Lossing Insurance US-455 Blue Cross Merges with HCSC US-455 Willis Group Acquires International Insurance Brokers US-455 Alliance Bank Acquires Insurance Agency US-455 SMS Inc. Announces Merger with Insuractive, Inc. US-456 Tompkins Trustco. Signs an Agreement to Acquire AM&M US-456 WellPoint to Buy WellChoice US-456 S&T Bank Pens an Agreement to Acquire Holsinger US-456 HNB Signs an Agreement to Acquire Cornerstone Companies US-456 Prudential to Buy Lincoln National US-456 WellPoint Combines Health Insurance Subsidiaries to Form UniCare US-456 FNIA Acquires Penn Group US-457 BIG Acquires Two Insurance Agencies US-457 Enterprise Financial Completes Acquisition of Millennium Brokerage US-457 United America Integrates Penn America's Operations US-457 FFL and H&F Snap up CATRisk Operation US-458 FPA Enters Inks an LOI to Acquire IBC US-458 Sentry Insurance to Bequeath Massachusetts Auto Market US-458 SIGI Divests Subsidiary for Over US$15 million US-458 GE Insurance Solutions Offloads Reinsurance US-458 AmWINS Wraps up Divestiture of Stake to Parthenon Capital US-459 Aon Sells Swett & Crawford US-459 JPMorgan to Sell its Insurance Unit US-459 ProAssurance to Divest Insurance Operations to MIC US-459 GAIC Puts up Stake in Cincinnati Reds for Sale US-459 Aon Plans to Divest its Credit Insurance Business US-459 RenaissanceRe to Sell Equity Stake in Platinum US-460 Frontier Insurance Group Files for Liquidation US-460 CBSS Takes Over Sevier Insurance Agency US-460 Credit Insurance Consultants Acquires Credit Insurance Brokers US-460 Manulife Merges with John Hancock US-460 Anthem Merges with WellPoint US-460 Tompkins Purchases Banfield & Associates US-461 Prudential Life Buys Aoba Life US-461

41 Security National Hikes Stake in Southern Security US-461 BB&T Insurance Acquires Wall & Shonter Insurance US-461 Lovelace Buys Cimarron Health Plan US-461 Protective Underwriting, Wand and Inverness Acquire American Independent US-461 Capital Partners and Heads & Threads Acquire Alleghany Corp US-461 Lawyers Title Insurance Acquires Two Companies US-461 First American Corp. Going Big on Title Insurance Acquisitions US-461 Stewart Title Makes Key Purchases in Title Insurance US-462 Union Bank of California Acquires CNA Trust US-462 PE Acquisition Corp Acquires Presidio Excess Insurance Services US-462 Cowan Benefit Acquires Group Insurance Consultants US-462 Rose & Kiernan Acquires The Daniels Agency US-462 Trident Insurance Acquires US Risk US-462 Protective Underwriting Purchases Arch's Auto Insurance Business US-462 Marsh Acquires Hinckley Marine Insurance US-462 USI Holdings Acquires Dodge Warren & Peters US-463 Coface Establishes New Insurance Company US-463 IBM Forays into Insurance BPO Sector With Acquisition of LIS US-463 Nationwide to Foray into Utah Market US-463 USI Holdings Acquires Future Planning Associates US-463 Alliant Resources Acquires Benefit Partners US-463 Citizens Insurance Acquires Security Plan Life Insurance US-464 Minnesota Life Enters into a Purchase Agreement with Allied Solutions US-464 Lusitania Acquires Insurance Business of Genesis MetLife US-464 USI Holdings Acquires Diversified Insurance Services US-464 Wescom Credit Union Acquires Hallmark Associates Insurance Services US-464 BB&T Insurance Services to Acquire Wall & Shonter Insurance US-464 Brown & Brown Acquires Insurance Marketing Group, LLC US-464 COUNTRY Insurance & Financial Services to Acquire MSI Insurance Co US-464 Brown & Brown Acquires Risk And Insurance Consulting and Barker Heslip US-464 Hancock Bank Acquires Ross-King-Walker US-465 USI Holdings Acquires Benefit Partners of America US-465 USI Holdings Acquires Bertholon-Rowland US-465 Fort Dearborn Acquires Combined Services US-465 Ohio National Life Insurance Acquires Security Mutual Life Insurance US-465 USI Holdings Acquires Summit Global Partners US-465 Wellington Underwriting Acquires Surplus Lines Insurance US-466 FAT Acquires MTA US-466 UnitedHealth Acquires Advana US-466 RCIC Proposes to Acquire HIG's Crop Insurance Business US-466 Arkansas and BlueShield of Florida Enter into Agreement to Merge US-466 Wm Rigg Acquires Webber US-466 Hartland Insurance Acquires Bosquett US-466 IMG Travel Acquires Assets of GMC US-466 Humana Acquires CarePlus Health Plan US-467 Brown & Brown Acquires Balcones-Southwest US-467 Hilb Rogal & Hamilton Acquires Banack Insurance US-467 Acordia Acquires Baldwin & Whitney US-467 ENB Insurance Acquires Ulrich US-467 Brown & Brown, Inc. Acquires Waldor Agency US-467 Brown & Brown Acquires CWC Managing Insurance and International E & S US-467 National Penn Bancshares Acquires D.E. Love Associates US-467 Brown & Brown Acquires Doyle Consulting and Doyle Consulting of New Jersey US-468 Banknorth Group to Acquire Drake, Swan & Crocker Insurance Agency US-468 Milne Scali & Co Acquires Finkbeiner Agency US-468

42 Brown & Brown Acquires Hardin & Wilson US-468 Arthur J. Gallagher & Co Acquires Johnsey Insurance Agency US-468 Brown & Brown Acquires Pashley Agency US-468 Brown & Brown Acquires Title Pac and PayEase Financial LLC US-468 Brown & Brown Acquires Powers Agency US-468 Brown & Brown Acquires Proctor Homer Warren US-469 Brown & Brown Acquires Blumberg Associates US-469 Brown & Brown Acquires CF Lake US-469 Hilb Rogal Acquires Casey Wolfe US-469 Brown & Brown Acquires Chapman Simmons Agency and Professional Surety Services US-469 HCC Insurance Acquires cinefinance US-469 Hilb Rogal Acquires Smith Bell & Thompson US-469 Brown & Brown Acquires Statfeld Vantage Insurance US-470 Swanson Acquires Dime Insurance US-470 Fidelity Insurance Acquires ACT Action Insurance US-470 Goldman Sachs Acquires Endurance Specialty US-470 Direct Insurance Agrees to Acquire AII US-470 Arthur Acquires Burch Marcus US-470 Senn Dunn Acquires Corpening Insurance Center US-470 Sutter to Acquire FLF US-471 Univest Agrees to Acquire Donald US-471 Stanton Acquires Harris-Homeyer US-471 Milne Scali Acquires IAS US-471 MMI Acquires Certain Operations of Liberty Mutual Group US-471 Lawley-Andolina LLC Acquires Luellen Insurance US-471 Brown & Brown Acquires Assets of Manchester Insurance Agency US-471 United National Group Ltd, to Acquire Penn Independent Corp US-472 Milne Scali Acquires Assets of Richard Q Perry US-472 Arthur J Gallagher Acquires Persac Insurance Agency US-472 Hilb Acquires Assets of Rose Smith Tucker US-472 FCB Acquires Smith & Associates US-472 Temple-Inland Acquires TCT Insurance US-472 CJD & Associates Acquire Texas All Risk US-473 Endurance Reinsurance to Acquire Assets of XL Reinsurance US-473 Capital Z Acquires PGH US-473 CFC Enters into an Agreement to acquire Fear & Fear US-473 Arthur J. Gallagher Acquires B&P International Insurance US-473 Hilb Rogal & Hobbs Co Acquires Insurance Services US-473 Hilb Rogal Acquires Surplus Ltd. US-474 Hilb Rogal Acquires TJ Adams Group US-474 The First American Acquires Baker Brinkley & Pierce US-474 Arthur J. Gallagher Acquires the Assets of Benefitport Northwest US-474 Addison York Acquires the Assets of Al Vinciguerra US-474 Protective Underwriting Enters into an Agreement with Arch Capital US-474 Aon Jauch & Huebener Acquires ATS Assekuranz US-474 MetLife Acquires Stake in Banco del Estado US-475 Scandent Acquires Stake in Cambridge Integrated Services US-475 CFC Bank Enters into Acquisition Agreement with American Life US-475 Business Venture Enters into Agreement to Acquire Stake in Aon South US-475 Assurance America Acquires Thomas-Cook Holding US-475 First Financial Bancorp Acquires White & Havens US-475 Gateway Insurance Services Acquires Whitehurst US-475 Delaware Valley Acquires Zimmerman Specialty Insurance Brokerage Inc US-475 American Management Acquires Embassy Insurance and Cargill Sherman US-475 GNW Insurance Services LLC to Acquire Evergreen Insurance Services US-476 Acordia Acquires Feeney Durler West Insurance Services LLC US-476 Trustmark Investment Advisors Acquires Fisher-Brown US-476

43 Hilb Rogal & Hobbs Co Acquires Frank F. Haack & Associates US-476 Alliant Resources Group Acquires Gaddy Ward & Co US-476 Arthur J Gallagher & Co Acquires Health Care Insurers US-476 Arthur J Gallagher & Co Acquires I. Arthur Yanoff & Co Ltd US-476 KMG America to Acquire Kanawha Insurance Co US-477 Arthur J Gallagher & Co Acquires Don Laster Agency US-477 Arthur J Gallagher Acquires balance fifty percent of Risk Management Partners US-477 Barresi Financial Acquires Murch & Dyer Associates US-477 Campbell & Associates Acquires North Insurance Brokerage US-477 Alaska USA Federal Credit Union to Acquire Ribelin Lowell Insurance Brokers US-477 Brown & Brown Acquires Robert Wiita, Tribal Benefits, and Wiita Insurance US-477 Stahl & Associates Insurance Acquires Tampa operations of Rogers Atkins Gunter US-477 Popular Insurance Acquires J Argomaniz & Associates US-478 Kibble & Prentice Acquires BGI Inc US-478 Brown & Brown Acquires Gregory Brown US-478 American Management Acquires Cargill Sherman & Associates and Embassy Insurance Group US-478 Woronoco Bancorp Acquires The Colton Agency US-478 Community First Insurance Agencies Acquires Shepherd Insurance Agency US-478 Arthur J Gallagher Acquires Specialty Advisory Services US-479 Senn Dunn Acquires Sterling Financial Services US-479 QualSure Holding Acquires Sunshine State Insurance US-479 Hilb Rogal Acquires The Federau Group US-479 AllHealth Acquires The Holland Co US-479 Frost Insurance Acquires The Sammons Group US-479 Arthur Acquires OBrien US-479 American Wholesale Acquires Property Risk US-480 BenefitMall Acquires Colorado Group US-480 LandAmerica Acquires Apache Title and Trust US-480 FAC Acquires Bayshore US-480 Lawyers Title Acquires Channel Islands US-480 American Title Acquires Chelsea Title US-480 LandAmerica Acquires Closing Co US-480 FAT Acquires Columbian National Title Insurance Co US-481 Stewart Title Acquires Cuesta Title US-481 First Title Acquires Enact Conveyancing US-481 FAT Acquires First American Title Co Of Marin US-481 Stewart Title Acquires First American Title Co of Southern Colorado US-481 STC Acquires Homeowners Closing Services US-481 First American Title Insurance Co Acquires Island Title Corp US-481 Lawyers Title Insurance Corp Acquires Lawyers Title Agency of North Florida Inc US-481 First American Title Insurance Co Acquires Public Abstract Corp US-482 First American Title Insurance Co Acquires Safeco Land Title of Forth Worth US-482 Stewart Title Co to Acquire Santa Cruz Title Co US-482 Stewart Title Co Acquires Security Title of Billings US-482 Stewart Title Co Acquires Stewart Title of Pueblo Inc US-482 The First American Corp to Acquire TA Holdings Inc US-482 LandAmerica Financial Group Inc Acquires Taos Title Inc US-482 Stewart Title Co Acquires Title Associates Inc US-483 LandAmerica Financial Group Inc Acquires Universal Title Services Inc US-483 First American Title Insurance Co Acquires Western Pioneer Title Co US-483 Stewart Title Co Acquires Whitman County Title US-483 First American Title Insurance Acquires Northwest Title US-483

44 LandAmerica Acquires Buyers/Best US-483 POMCO Acquires HRH Risk Management US-483 BISYS Group Acquires Uhlemeyer US-483 Eye Care International Acquires Self Funded Alternatives US-483 First Mainstreet Insurance Group Acquires Value Quote Insurance US-483 Quadrant Acquires Majority Stake in US RE Cos US-483 Delaware Valley Acquires Zimmerman Specialty Insurance Brokerage Inc US-483 American Management Acquires Embassy Insurance and Cargill Sherman US-484 Primary Group Acquires Site Inspections US-484 Strategy International Enters into an Agreement to Acquire RS Group US-484 Advent International Acquires Stake in J Malucelli US-484 Hub International Acquires Bush Cotton US-484 HCC Insurance to Acquire Stake in Demontfort US-484 JumpStart Acquires Stake in Cleverland Holdings US-484 Community First Acquires Arnold & Arnold US-485 Maryland Insurance Takes Over Mutual Fire Insurance US-485 Jack Henry Acquires Banc Insurance US-485 Peoples Insurance Acquires Barengo Insurance US-485 Assurance America Acquires Thomas-Cook Holding US-485 First Western Trust Bank Acquires Westcor Insurance Group US-485 Sandy Spring Insurance Acquires Sandy Spring Bancorp Inc. US-485 North American Group Acquires Commercial Insurance Service US-485 Bailey Insurance Agency Acquires Gooder Agency US-486 CJ McCarthy Acquires Lyman Insurance and Conly- Lyman Insurance US-486 BB&T Insurance Services to Acquire D & Ls LLC US-486 Newtek Business Services Acquires Vistar Insurance Services US-486 Sitzmann Morris & Lavis Acquires James J Barnes Insurance Services US-486 Certified Services Acquires Kenneth I Tobey US-486 ebix.com Acquires Lifelink Corp US-486 SIRVA Acquires Move-Pak US-486 Peoples Insurance Agency to Acquire Putnam Agency US-487 Health Care Service Acquires Omaha Life Insurance US-487 Bankers Insurance Acquires Cabell Insurance US-487 Glens Falls National Bank Acquires Capital Financial Group US-487 American Management Acquires Cargill Sherman & Associates and Embassy Insurance Group US-487 Northeast Financial Services Acquires Sargent Insurance Agency US-487 Sky Financial Group Acquires Spencer-Patterson Agency US-487 CI Sells Cars Acquires Strategy Holding US-488 AssuranceAmerica Acquires The Insurance Market US-488 Frost Insurance Acquires The Sammons Group US-488 Nobilas to Acquire Aon Motor US-488 HIC Acquires Payne & Co Insurance Brokers, Inc. US-488 National Penn Acquires Pennsurance US-488 Brunswick Acquires assets of MIW US-488 Strategy International Enters into an Agreement to Acquire RS Group US-489 Ward-US Risk Acquires Subro Net, Spectrum Managed Care and Ward North America US-489 Liberty Mutual Insurance Group Acquires AGF Allianz US-489 Hub International Acquires B & DA Weisburger US-489 Swiss Reinsurance Acquires Valley Forge Life Insurance US-489 Crawley Warren Acquires International Space Brokers US-490 Jefferson-Pilot Acquires Canada Life Assurance US-490 Niagara National Inc Acquires Hauser Ortolano Agency US-490 Devlin Group LLC Acquires Forethought Financial Services US-490 First Financial Holdings Acquires Kimbrell US-491 Aon Corp. Acquires Assural BV US-491 Fortis Acquires Seguros Genesis Metlife US-491

45 Quotesmith.com Acquires Life Quotes US-491 FNB Corp Acquires Morrel Butz & Junker US-491 Arthur J Gallagher Acquires Sheridan Insurance Group US-491 Brown & Brown Acquires Niagara Insurance Group US-492 Swiss Medical Group Acquires Principal Retiro and Principal Life US-492 Anthem Acquires Towarzystwo Ubezpieczen na Zycie Royal PBK SA US-492 Hub International Acquires Talbot Financial Unit US-492 Summit Financial Group Acquires Sager Insurance Agency US-493 Wells Fargo Acquires Speare & Co. US-493 Brown & Brown Acquires The McDuffee Insurance Agency US-493 Frontenac Acquires WNC Insurance Services Inc. US-493 BlueCross BlueShield Acquires USAble Life US-493 Ceridian Acquires Cigna Healthcare and Cobra US-493 UnitedHealth Group Acquires Fidelity Insurance Group US-494 Eye Care International Acquires LBI Brokerage LLC US-494 HealthExtras Acquires Managed Healthcare Systems Inc. US-494 White Mountains and Berkshire Hathaway Acquire Life Insurance and Investment-Management Arm of Safeco Corp US-494 Jenkins Athens Group Acquires Seibert Insurance Services US-494 Private Healthcare Systems Acquires Statewide Independent PPO US-495 HIP Health Plan Acquires Connecticare US-495 Ipacq Holdings Inc Acquires The Chandler Group of Cos. US-495 First Place Financial Corp Acquires Weigel Lackey & Ross Insurance US-495 Enstar Group Inc Acquires Turegum Insurance Co US-495 PacifiCare Health Systems Inc Acquires American Medical Security Group US-496 MultiPlan Acquires US Health US-496 First Health Group Corp. Acquires COMP Medical US-496 UnitedHealth Group Acquires Definity Health US-496 Sky Financial Group Acquires EOB US-497 Molina Healthcare Acquires Health Care Horizons US-497 Universal American Financial Acquires Heritage Health Systems US-497 Advent and Conning Acquires Long Term Care Group US-497 Straus Capital Group Inc Acquires MMM Healthcare US-497 United American Healthcare Acquires Omnicare Health Plan US-498 UnitedHealth Group Acquires Oxford Health Plans US-498 UnitedHealth Group Acquires Health Maintenance Organization US-498 Centene Plans to Acquire FirstGuard US-498 Standard Management Plans to Acquire SVS Vision Holding US-498 Ardent Health Services Plans to Acquire Cimarron Health Plan US-499 Coventry Health Care to Acquire First Health Group US-499 University Health Care Plans to Acquire Unity Health Plans Insurance US-499 Aetna Acquires Strategic Resource US-499 CMI Management Team Plans to Acquire CompManagement US-499 Americans Physicians Capital Plans to Acquire Physicians Insurance Co. of Wisconsin, Inc US-500 Eye Care International Plans to Acquire N-CAM US-500 PacifiCare Health Plans to Acquire Group Health Business of Pacific Life Insurance Group US-500 KRG Capital Partners LLS Plans to Acquire PPOM LLC US-500 HIG Holdings Plans to Acquire American Founders Financial Corp US-501 IBM Plans to Acquire Liberty Insurance Services Corp US-501 MetLife Plans to Acquire Soma Seguradora SA US-501 Encore Bank Plans to Acquire Town & Country Insurance Agency Inc US-501 White Mountains Insurance Group Plans to Acquire Tryg-Baltica Forsikring US-501 Wisdom International Corp. Plans to Acquire International Reinsurance US-502 Overseas Partners Sells Reinsurance Company to Odyssey US-502 Unity Life of Canada Plans to Acquire Superior Life Insurance US-502 The Carlyle Group and Prudential Group Plans to Acquire Stake

46 in China Pacific US-502 Lincoln Insurance Group to Merge with Security Mutual Life Nebraska Holding Co US Strategic Corporate Developments in Recent Past US-503 St. Paul to Merge with Travelers US-503 Universal American Acquires Pyramid Life US-503 Hilb Rogal & Hamilton Acquire Freberg Group US-503 Liberty Mutual Acquires Winterthur Pensoes US-503 Fidelity National Acquires Outstanding Shares of American National US-503 COUNTRY Acquires Cotton Life US-503 Swiss Medical Acquires MassLife US-503 White Mountains Acquires Sierra Health's California Indemnity US-504 Elecktra Mexico Acquires Cigna Seguros SA US-504 Wells Fargo Acquires Malenas Insurance US-504 Scottish Re Acquires ERC Life Reinsurance Corp. US-504 Dawson Insurance Acquires Halvorson Insurance US-504 Clark Consulting Acquires Executive Benefit Solutions US-504 Leesport Acquires CrosStates US-504 MetLife Acquires Allianz AG's US Operations US-504 HIAA Merges with AAHP US-504 AXA Acquires Mony Group US-505 Acordia Acquires Goodritz Emanuel US-505 Willis Group Acquires Scott Tucker Insurance US-505 Liberty Seguros Acquires Seguros Genesis MetLife SA US-505 NGL Acquires PHMLIC US-505 Community Bank Acquires YIP US-505 MetLife Acquires JHLIC's Group Life Insurance Business US-505 B&C Acquires Augusta Operations of Palmer & Cay US-505 CFI Acquires KIS US-506 Phoenix Acquires PFG Holdings US-506 BankcorpSouth Acquires WMS LLC US-506 KCL Acquires GuideOne Group US-506 EMC Merges with National Travelers Life Co US-506 Hub International Purchases Waldron US-506 Grupo Bal Buys 40% Stake in GNP US-506 SLC Acquires SGLIC US-506 John Hancock Acquires Fixed Universal Life Insurance Business of AFC US-506 HSBC Latin America BV Buys 40% Stake in HSBC Salud SA US-506 BankNorth Purchases B&D US-507 R&K Merges with Albany Health Associates US-507 IHC Acquires FNFG US-507 Webster Purchases M&M Co US-507 Centene Corp. Purchases Assets of MHP's Subsidiary US-507 Clarion Capital Buys US Nursing Corp. US-507 MED America Purchases ERC's Long Term Care Group, Inc. US-507 River James Group Acquires FESIC US-507 WellPoint Acquires Cobalt Corp. US-507 Choice Administrators Buys BenefitsAlliance US-508 HFSG Acquires Group Benefits Business of CNA US-508 B&B Purchases E&M Underwriters Inc. US-508 BISYS Acquires USA Insurance US-508 Donegal Group Purchases Stock of Peninsula Insurance Co. US-508 Cardif Acquires FALIC US-508 PMI Mortgage Buys the UK Lenders Mortgage Insurance Business of R&S US-508 FCIS Purchases Piedmont Insurance US-508 Donegal Group Acquires Le Mars US-508 ONB Acquires IRM US-509 Greater Bay Takes Over Sullivan & Curtis Insurance Brokers US-509 Alleghany Corp. Buys Royal Specialty Underwriting Inc US-509

47 B&B Purchases Assets of BHI US-509 LMG Acquires US P&C Operations from Prudential US-509 PSIMC Buys Prudential P&C Insurance Co of New Jersey US-509 ESHL Purchases Reinsurance Business of HartRe Co LLC US-509 ONB Acquires JWIAI US-509 NMIC Purchases THI Holdings Inc. US-510 Wm Rigg Co Buys Assets of RLIAI US-510 B&B Acquires the Assets of ESIEI US-510 Fox & Paine Co LLC Buys UNGL US-510 Compass Bancshares Inc Acquires MMT US-510 IBC Buys Mepco Insurance US-510 RIG Purchases Great American's Worldwide Insurance Co US-510 HCC Insurance Buys Surety Associates US-510 BB&T Corp Acquires Mc Griff S&W US-510 Willis Group Purchases CBIS US-511 B&B Purchases Bailey Gosling Associates US-511 Zurich North America Canada Divests its Subsidiary US-511 First Financial Acquires Woodruff & Co Inc US-511 First American Title Acquires Pacific Northwest US-511 First American Title Takes Over Metropolitan Title Co US-511 LandAmerica Acquires Gateway Title Co US-511 Fidelity National Purchases American Pioneer US-511 First American Title Acquires Allegiance Title US-511 CBC Cos Inc Buys Advantage Equity Services Inc US-512 Stewart Title Acquires Alliance Title US-512 LandAmerica Purchases New York Land Services US-512 PKO Bank Polski Buys 50% Stake in PKO Handlowy PTE US-512 MLC Ltd. Acquires Plum Financial US-512 Banco Santander Buys 20% Stake in Grupo Origenes US-512 Oriental Financial Acquires Caribbean Pension Consultants US-512 St. Paul Merges with Travelers Property Casualty Corp. US-512 USI Holdings Buys Benefits Team US-512 Met Life Grabs TIAA-CREF's Long Term Care Insurance Business US-513 Prudential Pockets CIGNA Corp.'s Retirement Planning Business US-513 Gallagher & Co Purchase National Insurance Professionals Corp US-513 B&B Buys Business Benefits Group, Benefit Resource, and Benefit Resource of Indiana US-513 USI Holdings Acquires BMI Insurance Services US-513 CFI Buys Summit Insurance Group US-513 Hub International Ltd. Acquires CIA US-513 Regions Financial Acquires Merchants Insurance Services US-513 Willis Group Purchases River City Agency US-513 Acordia Snaps Up Wisenberg Insurance US-513 B&B Buys Hoffman Co. US-514 Acordia Acquires RMC2 LLC US-514 First Niagara Acquires Costello Dreher and Loomis & Co US-514 AIG Acquires GE Edison and the US Auto & Home Insurance Business of GE US-514 BIESG Takes Over Landau Financial Services US-514 USI Holdings Buys Hastings Tapley US-514 Cunningham Lindsey Acquires RSKCo Services US-514 Buckner Group Buys H&A US-514 Compass Bancshares Purchase Mueller & Associates US-514 Budget Group Divests Insurance Business US-515 Zurich Life Divests Life Insurance Business to Bank One US-515 RBC Commences Travel Insurance Business in US Market US-515 Selective Insurance Group Calls Off Bid to acquire Flood Insurance Business of Seibels Bruce Group US-515 UICI Acquires Star Human Resources Group and Star Administrative Services US-515 ANB Expands Agency Operations in Alabama and Florida with Twin Acquisitions US-515 Argonaut Acquires Fulcrum Insurance Co. US-516

48 Zions Acquires Grant-Hatch & Associates US-516 Hub International Buys Warner Associates US-516 Old National Bancorp Buys Terrill Group US-516 FNB Corp. Acquires Harry Blackwood US-516 Prudential Expands in Mexico by Acquiring IXE's Stake in Afore XXI US-516 Employers Insurance Co. of Nevada Acquires Fremont Compensation Insurance Group US-517 BB&T Acquires Regional Financial Corp US-517 Waypoint Financial Acquires Two Insurance Companies US-517 Hancock Holding Co. Acquires Stake in Financial Group US-517 MVP Health Care Acquires Update Administrative Services US-517 BB&T Corp. Acquires Hunt, DuPree, Rhine and Associates US-518 Alliant Resources Group Acquires Kelter-Thorner US-518 Instant Insurance Acquires Drivers' Choice Insurance Services US-518 Pension Benefit Guaranty Corp. Buys Reliance's Pension Plan US-518 First Federal Savings Bank Acquires Stake in Exchange Underwriters US-518 Management Group Repurchases J. Rolfe Davis Insurance Agency US-518 Susquehanna Bancshares Acquires Addis Group US-519 Hilb, Rogal & Hamilton Acquires Companies US-519 Hilb, Rogal & Hamilton Acquires InsurMark Group US-519 SouthGroup Insurance & Financial Services Formed Through Merger US-519 WellPoint Health Networks Buys Out Subsidiaries of Methodist Health Care Systems US-519 Brown & Brown Purchases RAI of Oklahoma US-520 Cal-Surance Associates Acquires Gail H. Murrell Insurance Agency US-520 Alleghany Acquires Capitol Transamerica US-520 First Tennessee National Buys Out Synaxis Group US-520 Hilb, Rogal & Hamilton Acquires Mckane Morgan & Associates US-520 Transnation Title Insurance Acquires Premier Title Agency US-520 Stewart Title Acquires Majority Stake in San Juan Abstract US-521 Brown & Brown Acquires Sestito Insurance Agency US-521 Fortis Acquires Dental Benefits Division of Protective Life US-521 Compass Bancshares Acquires Horizons Insurance Group US-521 Dill Joyce and Thresher, and Wertheim-Eilers Merge US-521 Max Re Acquires Stake in DaVinci Re Holdings US-521 Quotesmith.com Acquires Selected Assets of Insurance News Network LLC US-522 Trinity Universal Insurance Acquires Kemper's Personal Property/Casualty US-522 Insurance Business US-522 Hibernia Acquires Friedler-LaRocca US-522 Frost Insurance Agency Acquires Jentsch Financial Group US-522 Brown & Brown on an Acquisition Spree US-522 BNC Corp Acquires Milne Scali & Co. US-523 Kingsway Acquires American County US-523 Anthem Acquires Trigon Healthcare US-523 Brown & Brown Acquires Insurance Companies US-523 Employees of Ross and Yerger Acquire the Company US-523 First Wilshire Securities Management Acquires Stake in United American Healthcare US-524 Bisys Group Acquires Hanleigh Cos US-524 Security Mutual Life Insurance and Ohio National Financial Services Acquire First ING Life Insurance US-524 Regence BlueCross BlueShield Opens New Service Center in Medford US-524 Acordia Establishes Reinsurance Brokerage Division US-525 Stewart Information Services Establishes Subsidiary in Mexico US-525 XL Capital Assurance Establishes New Subsidiary in the UK US-525 Insurance Revolution Launches Second Subsidiary US-525 Crawford Opens Office in New Zealand US-525 OneBeacon Insurance Group Establishes a New Division US-525 W.R. Berkley Corp. Forms a New Subsidiary US-526

49 Cairnstone Re Forms a Marketing Subsidiary US-526 Fidelity National Financial Establishes Property Insight US-526 RVI Guaranty Forms the Reinsurance Company, RVI Re US-526 Argonaut Group Establishes Captive Business Unit US-526 Mortgage Guaranty Insurance Contracts with FNC US-526 Trenwick's Deal with Chubb Re US-527 Farmers Insurance Formulates Partnership with Target Stores US-527 Mercer Human Resource Consulting and Putnam Investments Partner US-527 Drugstore.com, Blue Cross Enter Marketing Alliance US-527 idnet and Afni Combine Products and Services US-527 Cybersettle Forms Alliance With eautoclaims US-527 Mondial Assistance Becomes EasyJet's Official Insurance Provider US-528 Blue Cross Concludes Agreement with HCA US-528 AIA Signs Contract with Asia Commercial Bank US-528 Owensboro Mercy Health System Concludes Contract with CHA Health and Humana US-528 Insurance Services Office and Insurers' Advisory Organization Form Alliance US-528 Level 8 Systems Forms Alliance with New World Agency US-528 McCamish Systems and S1 Corp Form Alliance US-529 Saint Josephs Hospital of Atlanta Signs Agreement with Cigna Healthcare US-529 Alacrity Services and First Notice Systems Enter Strategic Alliance US-529 XN Holdings Enters into Strategic Partnership with HTH Worldwide US-529 Workers Transition Network Enters Into a Partnership with AIG Claims Services US-529 Financial Freedom Senior Funding and BISYS Group Form Alliance US-530 M-Plan Enters Into a Contract with TriZetto Group US-530 Insurance.com Signs Three Alliances US-530 Better Benefits Forms Partnership with CSC Insurance Services Division US-530 ACORD and DTCC form Partnership US-530 Insurance Service Offices Formulates Licensing Pact with HNC Software US-531 Wells Fargo Insurance Divests Local Branches US-531 Cobalt Corp Divests IRG to APS Healthcare US-531 Conseco Divests Business Segments to Protective Life and American Financial Group US-531 Huntington Bancshares Divests J. Rolfe Davis Insurance Agency US-531 Travelers Property Casualty Corp. Spins Off from Citigroup US-532 Aon Divests Sinser Insurance US-532 The Shipowners Claims Bureau Inc. Spins Off from Marsh Inc. US-532 Kemper Insurance Cos Closes Three Offices US-532 AIG Completes Restructure of American General Operations US-532 Empire Blue Cross and Blue Shield Converts into a For-Profit Company US-533 Gerling Global Re of America Starts Reorganization US-533 Guarantee Co. of North America Changes Name of its New Jersey Insurance Subsidiary US-533 Safeco Select Insurance Services Changes Name to Safeco Financial Institutions Solutions US-533 GE Splits GE Capital into Separate Units US-534 Radian Group Renames Two Acquired Companies US-534 Robert F. Driver Adopts New Name US-534 Texas Department of Insurance Approves New Homeowners Policy US-534 State National Specialty Insurance Receives Approval US-534 Mix Group Gets the Nod to Set up Company US-535 North Carolina State Insurance Department Assumes Receivership of London Pacific Life & Annuity Co US-535 The Colorado Division of Insurance Suspends Two Affiliated Companies US-535 Other Key Mergers and Acquisitions US-535

50 American International Group Acquires American General Corp. US-539 Selective Insurance Group Acquires Flood Insurance Business of Two Companies US-539 First Bancorp Acquires Two Companies US-539 State Automobile Mutual Insurance Merges With Meridian Mutual Insurance US-539 BB&T Insurance Services Acquires Lowery D. Finley and Company of Virginia Beach US-539 Hub International Acquires Burnham Insurance Group US-539 Transatlantic Re Acquires a 40% Stake in Kuwait Re US-540 Heffernan Group and MBO Insurance Brokers Merge US-540 BISYS Purchases Toner Organization US-540 Alea Group Purchases Seven Hills Insurance US-540 Fiserv Buys Catapult Technology US-540 Swiss Buys Research Operations of Conning US-541 WellPoint Health Networks Acquires Cerulean Cos US-541 InsWeb Acquires QuickenInsurance US-541 Digital Insurance Acquires InsureRate US-541 Inviva Acquires American Life Insurance Co. US-541 Blue Cross & Blue Shield United of Wisconsin Merges with United Wisconsin Services US-541 Hartford Financial Acquires Business Segments of Fortis US-541 New Mexico Banquest Investors Acquires Kelly Agency US-542 Hub International Acquires Burnham Insurance Group US-542 Warren-Hoffman Acquires Health Plan Administrators US-542 IndependenceCare Holdings Acquires Managed Care Reinsurance Facility US-542 Liberty Mutual Insurance Acquires Bilbao US-542 Vesta Insurance Group Acquires Instant Insurance Holdings and Aegis Financial US-543 Warren-Hoffman Acquires Allied Claim Services US-543 Alliant Embarks on an Acquisition Route to Fuel Growth US-543 Mass Mutual Acquires Aetna Heiwa Life Insurance US-543 AMS Services Concludes Acquisition of The Solution' US-543 Arthur J. Gallagher Acquires Three Companies US-543 Heffernan Group Merges with Area West Insurance US-544 Mitchell Acquires Ensera US-544 EW Blanch, Benfield Greig Group Merge to Form Benfield Blanch US-544 InsureZone Acquires AgentSecure US-544 Brown and Brown Acquires Connelly Insurance and Benefit Group US-544 Arthur J Gallagher Takes Over Three Insurance Brokerage Companies US-545 New York Life Insurance Acquires Selected Business from Clark -Bordes Partners US-545 Brown & Brown Acquires Associated Insurance Agency and Sanborn's Mexico Insurance US-545 Old Mutual Concludes Acquisition of Fidelity and Guaranty Life Insurance US-545 MetLife Acquires Seguros de Vida Santander and Soince Reinsurance US-546 Wachovia Acquires Crawford, Slevin & Hicks, Rhodes Agency and Olympic Insurance Associates US-546 Brown & Brown Acquires Robert L. Matson Insurance US-546 Union Bank of California Acquires Armstrong/ Robitaille Business and Insurance Service US-546 Eastern Holding Buys Additional 50% Stake in Educators Alliance Insurance US-546 Nemco Brokerage and National Financial Partners Buy Group Insurance Business from Axa Network and Bisys Insurance Services US-546 Fusura Established through a Joint Venture US-547 The Horton Group Signs Joint Venture with Wanxiang US-547 John Hancock Life Insurance Forms Joint Venture with Tianan Insurance US-547 AIG and Eureko to Form Cooperative Venture US-547

51 Chubb Corp, American International Group and GS Capital Partners Establish Reinsurance Joint Venture US-547 Acordia Enters into Joint Venture with Heath Lambert Group US-547 Chubb Specialty Insurance Establishes New Unit US-548 Reinsurance Group of America Creates New Unit US-548 Aon Risk Services and Non Marine Reinsurance Division Establish Healthcare Plus US-548 Farmers Insurance Group Opens New Customer Service Center US-548 Zurich Life Forms Zurich Life International US-548 MMC Capital Establishes AXIS Specialty New Company Begins Operations US-548 Zurich Launches New Reinsurance Company US-549 Omega Management to Offer Reinsurance Services to Run-Off Businesses US-549 Heiwa Opens Captive Insurer in Hawaii US-549 Transamerica Reinsurance Opens Base Office in Hong Kong US-549 TurboCoverage Adds Five Insurers to its Lineup US-549 Navigators Management Commences Navigators Pro US-550 National Association of Mutual Insurance Companies Commences Catastrophe Facility US-550 Kingsway Financial Services Signs Agreement with The Vision Insurance Group US-550 LOMA Forms Partnership with Synergy 2000 US-550 BISYS Forges Strategic Alliance with General Information Services US-550 Explorer Insurance Renews Deal with ProcessClaims US-551 Alliance between RiskMeter and EQECAT US-551 American Association of Health Plans affiliates with International Federation of Health Plans US-551 Vesta Insurance Finalizes Agreement with New South Federal Savings Bank and Subsidiary US-551 Target Capital and Gulf Insurance Group Join Forces US-551 St. Paul Allies with LoJack to Enhance Vehicle Anti-Theft Protection US-551 Insight to Underwrite KEMPES Accountants, Architects & Engineers Professional Liability US-552 Tower Street Gets Two New Marketing Partners US-552 Birla Sunlife Insurance and Citibank Join Together in India US-552 Frontier Insurance (USA) Amends Reinsurance Agreement with National Indemnity US-552 CheckFree i-solutions Reaches an Agreement with Amica Mutual Insurance Co. US-552 R.C Olmstead and CheckFree i-solutions Sign an Agreement US-553 Aquila Forges Partnership with Macquarie Bank US-553 Aquila, Inc Forms Alliance with Hiscox Plc US-553 Aquila Signs Agreement with Mitsui Marine and Fire Insurance US-553 InsuranceNoodle to Collaborate with MarketScout US-553 MasterCard Enters into an Alliance with epolicy.com US-553 Wells Fargo Enters into Private-Label Deal with InsureZone US-554 epolicy.com Insurance Services Signs Alliance with St. Paul Cos US-554 US Bancorp Enters into Partnership with Great- West Life US-554 Wisconsin Physicians Service Insurance Receives Contract from the US Government US-554 Virginia International Hires New York Life Benefit for Pension Plan US-554 Fidelity & Deposit Companies to Make Available E-Risk Policy to Totality Customers US-555 Bankers Insurance Group Signs Agreement with Vanguard Fire and Casualty US-555 Canada Life Assurance Forms Alliance with Ohio National Financial Services US-555 InsureMyTrip.com Enters into Partnership with Unicard US-555 Lloyd's, NYSID Reach Agreement US-555

52 InsureZone's AgentSecure Finalizes Marketing Pacts US-555 US Transportation Risk Finalizes Agreement with QualCorp US-556 HNC Insurance Solutions and Insurance Services Office Enter into an Alliance US-556 Financial Profiles and Acentas.com Form Strategic Alliance US-556 Drivershield.com Signs Agreement with Farmers Alliance US-556 Vesta Insurance Group Signs a Marketing Agreement with New South Agency US-556 Warrantech Corp. Signs Financial Arrangement Letter of Intent with Insurer US-557 American Modern Insurance Group and the American Express Property Casualty Cos Tie Up US-557 Swiss Re New Markets Corp. and Mirant Enter into Agreement US-557 Pethealth Markets Policies for Pets Adopted from Petfinder.com US-557 Bankers Insurance Group Transfers 67,000 policies to Vanguard Fire & Casualty Co. US-558 Digital Insurance Signs Up with Six Carriers to Make Health Insurance More Accessible US-558 NetInsurance.com Signs Distribution Agreements with 5 Internet Affinity Providers US-558 Banc of America Investment Services Signs Agreement with Jefferson Pilot Financial US-558 Fidelity National Financial Enters into a Partnership with London Bridge Group US-558 Health Net and Sutter Health Sign a Contract US-559 Kemper Insurance Companies and Aquila Sign Partnership Agreement US-559 Jamieson Laboratories Signs Contracts with Four Health Management Organizations US-559 LaSalle Bank Forms Alliance with Business-Backers Management US-559 Paymaxx and Hartford Financial Services Group Form an Alliance US-559 Minnesota Life Insurance Co. Gets Contract from Illinois State US-560 IPC Signs an Inpatient Care Agreement with PacifiCare of Texas US-560 Liberty Mutual and OneBeacon Enter into a Contract US-560 Ascension Health Sells Partners First US-560 Symons International Sells Crop Insurance Assets US-560 Clarica Sells Milwaukee to National Guardian US-560 Cigna Divests Stake in Yasuda Kasai Himawari Life Insurance US-561 Health Net Divests Foundation Health Plan for US$49 Million US-561 Old Republic International Discontinues Reinsurance Operations US-561 AMS Ceases Operation of TowerStreet US-561 CalFed Investments Increases Exposure in Long-Term- Care Insurance Market US-561 John Hancock Expands Distribution Outlets US-561 Hartford Financial Enters Asian Markets US-562 Volvo Renames its Insurance Division US-562 Liberty Mutual Insurance and Liberty Mutual Fire Insurance Policyholders Approve Mutual Holding Company Plan US-562 PartnerRe Reorganizes US Treaty Reinsurance Operations into Five Teams US-562 Mutual Risk Management Restructures Operations US-562 Equitable Distributors Cuts Wholesalers US-562 Aon Brings Wholesale Brokerage Business Under the Brand Swett & Crawford US-562 American Heritage Life Insurance to be known as Allstate Financial Workplace Division US-563 Prudential Insurance Co. of America Announces Change of Name US-563 Florida Physicians Insurance Co. Changes Name US-563 WTC Leaseholder Sues ACE and XL Capital US-563 National Indemnity - Insurer for 2002 Soccer World Cup US-563 BluePaw Announces New Strategies US-564 John Hannock Mutual Life Insurance Initiates Legal Action Against Five Claims US-564 ZNA Joins the Berne Union US-564

53 AgentSecure Augments Business Through Seven New Clients US Focus on Select US Players US-565 ACA Financial Guaranty Corp. US-565 Aetna Inc. US-565 AFLAC US-565 Allstate Financial Group US-565 Ambac Assurance Corp. US-566 American International Group, Inc. US-566 AXA Equitable US-567 Berkshire Hathaway US-567 C.N.A. Insurance US-567 Chubb Corp. US-568 Cigna Corp. US-568 Crawford & Co. US-569 Farmers Insurance Group US-569 Fidelity National Financial US-570 Financial Guaranty Insurance US-570 Financial Security Assurance Holdings Ltd. US-571 Hartford Financial Services Group, Inc. US-571 Health Net Inc US-571 Humana Inc US-572 John Hancock Financial Services US-572 Liberty Mutual Group US-572 Liberty Mutual Insurance Company US-572 Lincoln National Corp. US-573 MassMutual Financial Group US-573 MBIA Insurance Corp. US-573 Metropolitan Life Insurance Co US-574 Mortgage Guaranty Insurance Corp. - Leading Private Mortgage Insurer in the US US-574 Nationwide Group US-574 New York Life Insurance Co. US-575 PacifiCare Health Systems Inc. US-575 Pacific Life Insurance Co. US-575 Partner Reinsurance Company Ltd. US-576 Pets Best US-576 Prudential Financial US-576 Radian Group US-577 Republic Mortgage Insurance Co. US-577 State Farm Mutual Automobile Insurance Company US-577 Standard Insurance Company US-577 The PMI Group, Inc. US-578 Transamerica Occidental Life US-578 The Travelers Companies, Inc. US-578 Triad Guaranty Ins. US-578 United Guaranty US-579 UnitedHealth Group Inc. US-579 United Services Automobile Association US-579 Unum Group. US-580 WellPoint Inc. US US' Leading Insurance Brokers US-581 Aon Corp. US-581 Arthur J. Gallagher & Co. US-581 BB&T Insurance Services Inc. US-581 Brown & Brown Inc. US-581 Hilb Rogal & Hobbs Company US-582 Marsh & McLennan Cos. Inc. - World's Largest Insurance Broker US-582 Wells Fargo & Co. US-582 Wells Fargo Insurance Services - World's 5th Largest Insurance Broker US-582

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