Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence

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1 Commercial Property Construction Property and Civil Works War, Terrorism and Political Violence

2 Commercial Property Product updates Increased capacity: up to $10M (inclusive of full CAT), available on select risks. Average $5M capacity (inclusive of full CAT), utilized for most risks. Looking to maintain or increase capacity on renewals. Appetite Perils insured: all risks including Flood and Earthquake; Windstorm DIC, and California Earthquake DIC. Policy form flexibility follow most company and/or broker manuscript forms. Minimum policy premium: $40K Hiscox share. Capacity quota share basis with a preference of writing within the PML (primary or low excess/buffer layers). Target class: soft occupancy focused, but will consider some light hazard manufacturing and medium hazard exposures. Focus on Fortune 1,000 businesses: large real estate, public entity and larger middle-market CAT business ($100M-$1B+ in TIV).

3 Construction Property and Completed Civil Works Product updates $60M capacity. $10M capacity in regards to Earthquake and SFHA Flood. Broad manuscript policy forms. Maintaining product: Tract home builder Contractor s block Master home builder Project specific buildings. Minimum premium for non-cat risks lowered to $10K. Storm surge defined under Named Windstorm, not Flood. Appetite Building values under $100M preferred. Sweet spot: infrastructure, residential, communication, and commercial construction, but all accounts considered. US domiciled business foreign exposures entertained for US domiciled clients. Home builders-tract development and high-end residences. Quota share and primary layer preferred.

4 War, Terrorism and Political Violence Product updates Terrorism policy limit increase up to $200M growth highlight stand alone coverage benefits and competitive premiums. US businesses with insurable interests in the Middle East and Eastern Europe seeking coverage more often. Our increased domestic capacity allows more shared and layered deals to remain stateside. We are looking at taking bigger net retentions and buying less reinsurance in Appetite US domiciled businesses with domestic and foreign exposures. Builders risk projects up to 36 months. Consideration for all types of construction and business operations. Conventional Terrorism coverage up to $200M limit (Physical Damage and ensuing business income loss driven by political, idealogical or religious attack). Terrorism Liability (First and Third Party Coverage) up to $50M limit: can be written stand alone can be extended to Builders Risks. Terrorism NCBR coverage up to $25M limit. Willing to consider $0 deductible. T3 coverage or manuscript wordings available. Specialty wording available for certain classes of business.

5 Why Hiscox? Experienced, field based underwriters our underwriters have specialized industry knowledge, underwriting authority and are empowered to make decisions. Fast quote turnaround empowered local underwriters across all time zones means faster quotes and binds. Electronic policy issuance Hiscox issues all binders and policies electronically and in the same day once all subjectivities have been met. Financially strong Hiscox has over 100 years of experience and is currently rated A (Excellent) by A.M. Best. Superior claims service claims service is at the heart of our business and we take seriously our duty to handle each claim in good faith. Hiscox: challenging convention Hiscox is a leading specialist insurer with roots dating back to For more than 40 years, Hiscox has provided insurance to US businesses through Lloyd s of London, and since 2006, we have expanded our local presence in the US. Our diverse portfolio includes property, professional liability and specialty products like terrorism and kidnap and ransom, in which we have developed unrivaled expertise. Our teams underwrite a range of routine to complex risks, are not hampered by convention and provide flexible underwriting solutions to meet your clients evolving needs.

6 Contact information Commercial Property Stephen Scialdone T E. Construction Property and Completed Civil Works John Tutera T E. War, Terrorism and Political Violence Jennifer Rubin T E. Northeast T Southeast T Midwest T Northwest T Southwest T All regions hiscoxbroker.com About Hiscox in the US Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox International includes operations in Bermuda, Guernsey and the USA. Hiscox Syndicates Ltd is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The ability of syndicates at Lloyd s to do business in the USA, and its territories, is restricted as they are not US-based insurers. Hiscox Underwriting Limited and Hiscox ASM Limited are authorized and regulated by the Financial Conduct Authority. Hiscox Inc., a Delaware corporation headquartered in New York, d/b/a Hiscox Insurance Agency in CA, is a licensed insurance intermediary for admitted and surplus lines business. Hiscox Inc. underwrites on behalf of, and places business with, Hiscox Insurance Company Inc., other domestic insurers, and syndicates at Lloyd s ( Hiscox Insurance Company Inc. (NAIC Number 10200) is a Chicago, IL domiciled insurer, which is admitted or licensed to do business in all 50 states and the District of Columbia. Inquiries as to insurance or other products or services should be directed to an insurance agent or broker licensed to conduct business in the relevant US state. For further information about an insurer s ability to do business in the USA and US territories please contact a licensed agent or broker for advice. This communication provides general information on Hiscox s products and services only and is not intended to be, and does not constitute, a solicitation of business by syndicates at Lloyd s from or in respect of the USA or US territories. Coverages are subject to underwriting and may not be available in all states. The information contained herein is not a part of an insurance policy, and may not be used to modify any insurance policy that might be issued. In the event the actual policy forms are inconsistent with any information provided herein, the language of the policy forms shall govern. Lloyd s Syndicate 33 A.M. Best Rating as of July 24, 2014 and Lloyd s Syndicate 3624 A.M. Best Rating as of July 24, /14