QBE NA Management Liability & Prfessinal Lines Nvember, 2013
Value Prpsitin QBENA Management Liability & Prfessinal Lines Peple: Technical underwriting f large-cmplex management liability & prfessinal lines risks In depth custmer knwledge technical underwriting prduct specialists rganized arund chsen industry segments and custmer types. Multi-disciplined integrated underwriting service mdel: Technical underwriters capable f underwriting each risk with multiple management liability and prfessinal lines cverage types Shared services in middle and back ffice fulfilment teams partnering with lcal underwriting assistants embedded with the underwriting teams. Cred underwriting platfrm Leverages headcunt n a natinal basis, facilitates the apprpriate span f underwriting cntrl, supprts cnsistency f pricing, risk appetite and underwriting quality assurance Prduct Leadership fr Tday & Tmrrw: New innvative primary management liability and prfessinal lines prducts Address tday s emerging business mdels expsures arising frm service prviders, including technlgy service prviders, cntent disseminatin, privacy & netwrk security. Dedicated Underwriting Cunsel transactinal cunsel wh can wrk with prducers and plicyhlders t tailr largecmplex manuscript plicy wrdings/endrsements and achieve cntract certainty in a timely fashin
Value Prpsitin QBENA Management Liability & Prfessinal Lines Prduct Leadership fr Tday & Tmrrw cnt. : Speed T Market Management liability and prfessinal liability prducts available n a mdular basis Ability t prvide ne, simplified, cmmn prduct architecture fr all custmer types. Avids the inefficiency f stand alne purpse built plicy types built in series and supprts inter-perability and flexible prduct design. Cmmn prduct architecture supprts tailred underwriting treatment Fr chsen risks and select custmer types n a scalable basis. Cnsistency f Plicy language acrss all industry types. The mdular prduct design can be quickly adapted t address tmrrw s emerging risks in a rapidly evlving business envirnment and nimbly mve int new adjacencies. QBENA prducers can self-direct and tailr prduct slutins by cmbining the mdular cverage parts int unique plicies that address the specific risks and expsures f their clients backed by premier, dedicated, in huse specialty claims handling.
SEE ATTACHED Segments Custmer Types Segment Sub-Segment Primary Prduct / Cverage Part Excess Custmer Type Public Cmpany Management Liability Directrs & Officers Liability 4444 (D&O) Emplyment Practices Liability (EPLI) Fiduciary Liability (FL) Crime (CR) Fllw Frm Excess Excess Side-A DIC Lead Side-A DIC Private Cmpany / Nt fr Prfit Management Liability Private Nt-fr-Prfit Private C. Directrs & Officers Liability (D&O) Nt-fr-Prfit Directrs & Officers Liability (D&O) Emplyment Practices Liability (EPLI) Fiduciary Liability (FL) General Partners Liability (GPL) Outside Directr Liability (ODL) Crime (CR) EXCESS Fllw Frm Excess Excess Side-A DIC Lead Side-A DIC Healthcare Entity D&O Cmmercial E&O Miscellaneus Technlgy Media / Entertainment Privacy & Netwrk Security Miscellaneus E&O Media E&O Claims Made Media E&O - Occurrence Technlgy E&O Privacy &Netwrk Security (P&NS) Optinal PNS Expense Cverage: Ntificatin/Credit Mnitring Crisis Management Investigatin Data Privacy Regulatry Business Interruptin E-Extrtin Infrmatin Asset Recvery PCI Cmpliance EXCESS Fllw Frm Excess Lawyers A&E Accuntants Miscellaneus Technlgy Media Privacy & Netwrk Security Financial Institutins Asset Management Banking Insurance Cmpany Investment Advisr E&O Mutual Fund D&O/E&O Private Equity Fund D&O/E&O Venture Capital Fund D&O/E&O Private Equity/Venture Capital Fund Manager E&O Hedge Fund D&O/E&O Private Fund D&O/E&O Fund Service Prvider E&O Family Office E&O Security Brker Dealer E&O Private Cmpany D&O Independent Directr D&O General Partners Liability Outside Directr Liability Emplyment Practices Liability Fiduciary Liability FI Bnd Frm 14 FI Bnd Frm 24 FI Bnd Frm 25 Investment Fund Bnd ERISA Bnd FI Cmputer Crime EXCESS Fllw Frm Excess D&O Bnd BPL ICPL Blend Excess Side-A DIC Lead Side-A DIC
US Management & Prfessinal Liability Primary Plicy Frm - Mdular Plicy Frm fr Privately-Held Cmpanies and Nt-Fr-Prfit entities with shared r separate limits Management Liability Cverage Sectins Prfessinal Liability Cverage Sectins Financial Institutins Cverage Sectins Private Cmpany Directrs & Officers Liability (D&O) Nt-fr-Prfit Directrs & Officers Liability (D&O) Emplyment Practices Liability (EPLI) Fiduciary Liability (FL) General Partners Liability (GPL) Outside Directr Liability (ODL) Healthcare Entity (D&O) Miscellaneus E&O Media Liability Claims Made Media Liability - Occurrence Technlgy E&O Privacy & Netwrk Security (PNS) * PNS Expense Cverage: * Ntificatin & Credit Mnitring * Crisis Management * Investigatin * Data Privacy Regulatry * Business Interruptin * E-Extrtin * Inf Asset Recvery * PCI Cmpliance Investment Adviser E&O Mutual Fund D&O/E&O Private Equity Fund D&O/E&O Venture Capital Fund D&O/E&O Private Equity/Venture Capital Fund Manager E&O Hedge Fund D&O/E&O Private Fund D&O/E&O Fund Service Prvider E&O Family Office E&O Security Brker Dealer E&O Independent Directr D&O Plicy Highlights Include: Claims-Made / Duty-t-Defend Plicy Definitin f Insured includes: Independent Cntractrs, Leased Emplyees and Vlunteers N Hammer Clause 100% Defense Cst Allcatin: cvered and uncvered matters and cvered Insureds and nn-cvered thers 3rd Party discriminatin and harassment (Excluded fr FI) Claim ntice requirement: Limited t knwledge by key senir management / Up t 180 days after knwledge Claim will nt be denied fr late ntice unless Insurer was prejudiced thereby
Public Cmpany All publicly-traded cmpanies Risk Characteristics Micr Cap t Large Cap size cmpanies Initial public Offerings (excess) Emerging grwth cmpanies Cmpetitive advantage(s) in their chsen markets (i.e.- prducts, technlgy, unique prcess innvatins, etc.) Medium t high barriers t entry in their industry sectr Adequate liquidity (strng cash flw and/r access t capital) Transparent business plan and accunting plicies Cverages* Cnsumer prducts Services Manufacturers Aerspace/Defense Transprtatin Energy Natural resurces Utilities Equity REITS Target Classes f Business Opprtunistic Classes f Business Directrs and Officers Liability Excess fllw-frm Lead Side-A DIC Excess Side-A DIC Independent Directrs Emplyment Practices Liability Fiduciary Liability Capacity: $15,000,000 per risk $25,000,000 per risk Side A D&O Hspitality Oil and gas refiners Large technlgy Pharmaceutical Life sciences Healthcare Specialty retail Scial Media Casins Cnstructin Over/under perfrming IPO's Late stage bi-techs Telecm High prfile and vervalued cmpanies (High P/E, PIS)
Private Cmpany Privately-Held cmpanies Nt-fr-Prfit entities Risk Characteristics Cverages* Directrs & Officers Liability fr Private Cmpanies Directrs & Officers Liability fr Nt-Fr-Prfit Cmpanies Lead Side-A DIC General Partners Liability (GPL) Emplyment Practices Liability Fiduciary Liability Outside Directr Liability Primary r Excess Capacity: $10,000,000 per risk Administrative and Supprt Services Animal Prductin and Aquaculture Apparel Manufacturing Bradcasting Target Classes f Business Building Material and Garden Equipment and Supplies Dealers Chemical Manufacturing Clthing and Clthing Accessries Stres Cmputer and Electrnic Prduct Manufacturing Curiers and Messengers Crp Prductin Electrical Equipment, Appliance, and Cmpnent Manufacturing Electrnics and Appliance Stres Fabricated Metal Prduct Manufacturing Fishing, Hunting and Trapping Fd and Beverage Stres Fd Manufacturing Frestry and Lgging Furniture and Hme Furnishings Stres Furniture and Related Prduct Manufacturing Gasline Statins General Merchandise Stres Health and Persnal Care Stres Leather and Allied Prduct Manufacturing Machinery Manufacturing Management f Cmpanies and Enterprises Merchant Whlesalers, Durable Gds
Private Cmpany Segments Target Classes (cntinued) Merchant Whlesalers, Nndurable Gds Mining Miscellaneus Manufacturing Miscellaneus Stre Retailers Museums, Histrical Sites, and Similar Institutins Nnmetallic Mineral Prduct Manufacturing Nnstre Retailers Oil and Gas Extractin Other Infrmatin Services Paper Manufacturing Persnal and Laundry Services Petrleum and Cal Prducts Manufacturing Pipeline Transprtatin Plastics and Rubber Prducts Manufacturing Primary Metal Manufacturing Printing and Related Supprt Activities Prfessinal, Scientific, and Technical Services Publishing Industries Rail Transprtatin Rental and Leasing Services Repair and Maintenance Scenic and Sightseeing Transprtatin Scial Assistance Specialty Trade Cntractrs Sprting Gds, Hbby, Musical Instrument, and Bk Stres Target Classes (cntinued) Supprt Activities fr Agriculture and Frestry Supprt Activities fr Mining Supprt Activities fr Transprtatin Telecmmunicatins Textile Mills Textile Prduct Mills Transit and Grund Passenger Transprtatin Transprtatin Equipment Manufacturing Truck Transprtatin Utilities Warehusing and Strage Waste Management and Remediatin Services Water Transprtatin Whlesale Electrnic Markets and Agents and Brkers Wd Prduct Manufacturing Restricted Classes Adptin Services Law Firms Alchl, Tbacc & Firearms Municipal I Gvernmental Risks Cllectin Agents Plitical Actin Cmmittees Cuntry Clubs Real Estate Agents / Brkers Day-Care Centers Religius Institutins Insurance Agents/Brkers
Cmmercial E&O/PFL Segment Miscellaneus Prfessinal Liability Capacity: $10,000,000 per risk Target Size: <$100mm annual turnver Target Classes Target Classes Target Classes Restricted Classes - Primary Arbitratrs & Mediatrs Auctineers Backgrund & Pre Emplyment Screening Benefit Plan Administratrs / TPA's Bkkeepers Claims Adjusters Cnstructin Managers Cnsultants: Human Resurces Management Cnsumer Credit Bureaus Curt Reprters Credit Cunselrs/ Debt Cunselrs Data Managers/ Data Prcessrs Dcument Managers & Shredding Services Emplyment Agencies Escrw Agents Event Planners Executive Recruiters Frensic Investigatrs Medical Billers Ntaries Public Payrll Prcessrs Plygraph Operatrs Premium Finance Cmpanies Printers Prcess Servers Prduct Design Services Prperty Managers Prfessinal Emplyer Organizatins Traditinal licensed specialized prfessins Accuntants Actuaries Attrneys Cllectin Agents Insurance Agents/ Brkers/ Risk Managers Real Estate Agents/Brkers Real Estate Appraisers Title Agents Marketing Franchisrs Public Relatins Firms Miscellaneus Fulfilment Firms Staffing Firms Prcess Grant writers Tax Preparers Regulatry Research & Develpment Technlgy Training Graphic Designers Inspectin Services Infrmatin Data Retrieval Firms Interir Designers Interpreters and Translatrs Landscape Architects Telemarketing Firms/ Call Centers Testing Labratries Travel Agents Trustees Web Site Designers Lbbyists / Legislative Advcates
Cmmercial E&O/PFL Segment cnt d Technlgy Errrs & Omissins Media Liability Privacy & Netwrk Security Prfessinal Firms Target Classes: Technlgy Cnsulting Services Sftware Design, Distributin, Servicing, Installatin and Maintenance Cmputer System/ Infrmatin Technlgy Analysis Data Prcessing Services Operatin and/r Maintenance f Databases Training in the use f Cmputer/ Infrmatin Technlgy Restricted Classes: Aerspace/Aviatin Applicatin Service Prviders (ASP) Cmputer Hardware Manufacturing Dmain Name Registratin Gaming r Gambling Sftware Internet Service Prviders (ISP) Target Classes Primary (<$1OOmm in annual turnver): Advertising Agencies Advertisers ($1OOM ad budget) Bradcasters Newspapers Persnal Appearances Publishers Vide and Film Prductins ($60M Budget) Library Acquisitin Distributin and Develpment f Film/Vide Excess I Opprtunistic Classes: Music (artists, publishers and distributrs) Revenues/Ad Budget $100M Prductin budgets $60M Restricted Classes: Target Classes: Same cre classes as listed abve fr MPL, Tech and Media; and written in cnjunctin with the E&O and nt as a standalne cverage Restricted Classes: Credit Card Prcessing Cmpanies Data Aggregatrs Gaming (nline and standard) technlgy prviders Material f a sexual nature catering exclusively t adult audiences (i.e. prngraphic material) Music Dwnlading Nt fr Prfit Organizatins Schls, Clleges and Universities Scial Netwrking Websites Telecmmunicatins Cmpanies Target Segments: EXCESS Accuntants Prfessinal Liability (APL) Law Firm Prfessinal Liability (LPL) Architects & Engineers (A&E) Design & Build. Miscellaneus Prfessinal Liability Technlgy Errrs & Omissins Media Liability Privacy & Netwrk Security ( Cyber ) Internet Search Engines Netwrk Security Services Satellite Services State & Lcal Gvernment Cntractrs Telecmmunicatin Services Adult Entertainment Publishers & Distributrs Music Publishers & Distributrs Pharmaceutical Advertisers Shck Jcks Tbacc, Firearms & Liqur Advertisers Media cverage is available n a claims made r ccurrence basis fr the target classes listed abve. Media Cverage is als available n a claims made basis fr select nn-media cmpanies wh purchase the Miscellaneus Prfessinal Liability r Technlgy Errrs & Omissins cverage parts.
Financial Institutin Segment Cverage Overview Target Classes Restricted Classes Financial Institutin Management Liability Primary Asset Managers, Funds Primary Private Cmpany D&O Primary General Partners Liability Outside Directr Liability Independent Directr Liability Excess Fllw-frm Public Cmpany Lead Side-A DIC Excess Side-A DIC Emplyment Practices Liability Fiduciary Liability Financial Institutin Prfessinal Liability Primary Asset Managers, Funds Excess Bankers Prfessinal Liability Excess Insurance Cmpany Prfessinal Liability Financial Institutin Bnd Primary Frm 14 (Asset Managers and Funds) Primary Frm 24 (Banks) Primary Frm 25 (Insurance Cmpanies) C-Surety r Excess Fllw-frm Investment Advisrs Mutual Funds Private Equity Venture Capital Hedge Funds Private Funds Security Brker Dealers Family Offices Banks Insurance Cmpanies Real Estate Investment Trusts All Private REITS Select Public REITS: industrial, ffice, retail, residential, ldging /resrts and self-strage Mrtgage Bankers Mrtgage Brkers Fund f Funds Investment Banking E&O Insurance Agents E&O Mn-line Medical Malpractice Insurers E&O Mn-line Wrkers Cmpensatin Insurers E&O Mn-line Bnd Insurers E&O Capacity: $10,000,000 per risk all lines $25,000,000 per risk Side A D&O $25,000,000 per risk Financial Institutin Bnd
Financial Institutin Segment (cntinued) Asset Managers Banks Insurance Cmpanies Management Liability Private Cmpany Directrs & Officers Liability Investment Fund Directrs & Officers Liability (Mutual Fund, Private Equity, Venture Capital, Hedge Fund, Private Fund) Independent Directr Liability General Partners Liability Outside Directr Liability Emplyment Practices Liability Fiduciary Liability Prfessinal Liability Investment Advisr Prfessinal Liability Investment Fund Prfessinal Liability (Mutual Fund, Private Equity, Venture Capital, Hedge Fund, Private Fund) Private & Venture Fund Manager Prfessinal Liability Fund Service Prvider Prfessinal Liability Security Brker Dealer Prfessinal Liability Family Office Prfessinal Liability Management Liability Private Cmpany Directrs & Officers Liability Public Cmpany Directrs & Officers Liability (Excess nly) Outside Directr Liability Emplyment Practices Liability Fiduciary Liability Prfessinal Liability Bankers Prfessinal Liability (Excess nly) Trust E&O (Excess nly) Bnd Frm 24 FI Cmputer Crime Management Liability Private Cmpany Directrs & Officers Liability Public Cmpany Directrs & Officers Liability (Excess nly) Outside Directr Liability Emplyment Practices Liability Fiduciary Liability Prfessinal Liability Insurance Cmpany Prfessinal Liability (Excess nly) Trust E&O (Excess nly) Bnd Frm 25 FI Cmputer Crime Bnd Frm 14 Investment Fund Bnd ERISA Bnd FI Cmputer Crime