Introduction to Mazars USA

1. Introduction to Mazars USA INSURANCE SERVICES 2019

2. A full-service firm with a national focus and international reach Mazars USA LLP Mazars USA is a high-performing national firm with significant presence in strategic US geographies. Since 1921, our dedicated professionals have leveraged technical industry expertise to develop customized solutions for clients, create value, and optimize their performance. We deliver dedicated group of industry specialists providing accounting, tax and consulting to growth-oriented enterprises and individuals. Our culture of diversity, collaboration and community is driven by our Guiding Principles of Association Respect and Excellence. • 800 professionals and more than 100 partners in more than 12 U.S. offices • Named a top U.S. accounting firm by Accounting Today • Recognized by Mergers & Acquisitions for serving the needs of the middle and lower-middle market • An integrated, customized approach – Our full service platform integrates accounting, tax and consulting services seamlessly to best address the critical issues our clients face • Specialized industry training for our team members at all levels, so that they are familiar with a client’s total business environment Since 1921, Mazars USA LLP provides a unique combination of foresight and experience when fulfilling client needs in accounting, tax and consulting services.

3. Mazars group a smart alternative to conventional firms Mazars USA LLP is an independent member firm of Mazars Group, an international and independent organization specializing in audit, accountancy, advisory, tax and legal services KEY FIGURES AS OF JANUARY, 1ST 2019 89 COUNTRIES 310 OFFICES 23,000 PROFESSIONALS 1,040 PARTNERS UNINTERRUPTED GROWTH 2005 2010 2018 2005 2010 2018 5,700 12,500 23,000 479 957 1,600bn Professionals in Mazars’ Global Organization Revenue in Million Euros in Mazars Global Organization

4. Mazars groupOUR GROWTH JOURNEY REGIONAL In 1995, we were an international SME, present in 15 countries. Our 2,000 staff were mainly focused on Audit & Assurance. 1995 INTERNATIONAL In 2005, we became a well established mid-sized company, structured as a unique international partnership and active in 38 countries. 2005 GLOBAL Today, Mazars is a €1.6bn global company, active in 89 integrated countries, providing a large range of Audit, Advisory and Tax services. TODAY

5. Mazars groupSERVING OUR CLIENTS WORLDWIDE 67% 11% 13% 6% 3% * Percentage by global revenue, source of data: 2019 Global Year Book

6. Our services Consulting Services GOVERNANCE, RISK & COMPLIANCE ATTEST • Internal Audit Co-Sourcing and Outsourcing • Risk Management Consulting • Fraud Assessment Services • Information Technology • Security, Strategy and Solution Selection • Cybersecurity • Disaster Recovery / Business Continuity Services • Third Party Compliance • Other Services (SOD analysis, PCI assessment) • Audit • Reviews • Compilations • Reporting on Controls of Service Organizations • Reconciliation Projects • SEC Filings • International Needs (inbound, outbound and IFRS) • Special Purpose Reports FINANCIAL ADVISORY SERVICES AOS • Bookkeeping • Financial statements preparation • Outsourcing services • Tax advice and compliance • Consulting services • M&A Due Diligence & M&A Structuring • Investor and Lender Services • Business Advisory and Recovery • Valuations • Litigation Support • Fraud Investigations • Bankruptcy & Restructuring • Turnarounds • Project Finance and Financial Modelling Services TAX • Compliance • Tax Reporting & Withholding • FATCA • SALT • GAAP / IFRS disclosure • Cost Segregation • Trust and Estate Planning • High Net Worth Services • Personal Financial Planning • Pension, Benefits & Compensation • Corporate Structuring • International Tax • FBAR Reporting • Transfer Pricing CONSULTING • Human Capital and Change Management • Target Operating Models • Technology Enablement • Operational Excellence • Strategic Sourcing and Logistics • Analytics and Insight • Governance, Risk and Compliance • Organizational Resilience • Cybersecurity and Data Privacy • Crypto-Assets & Blockchain

7. OUR INDUSTRIES Business leaders and management teams face significant industry challenges ranging from disruptive competition, talent wars, technology, regulation changes, international policy changes and other critical factors. We can help your business through those hard issues, ensuring it is evolving at the right time and pace to remain Optimized, competitive and successful. PUBLIC SECTOR REAL ESTATE REITS TECHNOLOGY, MEDIA & INFORMATION TRANSPORTATION & LOGISTICS HOSPITALITY INDUSTRIALS INSURANCE LIFE SCIENCES MANUFACTURING & DISTRIBUTION NOT FOR PROFIT OWNER/OPERATORS PRIVATE EQUITY PRIVATE CLIENT SERVICES PROFESSIONAL SERVICES FIRMS EMPLOYEE BENEFIT PLANS ENERGY & UTILITIES FINANCIAL SERVICES FOOD & BEVERAGE HEALTHCARE ASSET MANAGEMENT BANKING BROKER/DEALERS CONSUMER PRODUCTS & APPAREL CONSTRUCTION

8. INSURANCE SERVICES The insurance industry is a core focus of Mazars’ Financial Services Group. Our insurance group provides audit, tax, and consulting services to U.S. and international property & casualty companies, life & health companies, reinsurers, captives, MGAs, MGUs, TPAs, policy holders, and regulators. The breadth and depth of our industry experience – together with our prominent international presence – provides clients with superb service and expertise. Our client base includes both life and health and property and casualty companies, ranging in size from start-ups to some of the largest multinational insurers. We have a number of partners in the U.S. that specialize in insurance services in the audit, tax, advisory and consulting service lines and we have access to over 1,500 financial services specialists in over 40 countries in the Mazars Group. Insurance services are comprised of the following service lines: Insurance Services: Bermuda and UK Cybersecurity Services Governance, Risk and Compliance (GRC) Services Insurance Consulting Services Insurance Tax Services Insurance Audit and Accounting Services

9. INSURANCE AUDIT AND ACCOUNTING SERVICESTAILORED SERVICES PROVIDE YOU WITH MORE EFFICIENT AND COST-EFFECTIVE ENGAGEMENTS Mazars’ Insurance Audit and Accounting Services group provides reliable and efficient services to our clients by staying on the forefront of industry issues and accounting standards. Our professionals support the insurance industry through their extensive knowledge of, and experience with, complex accounting and financial reporting issues.

10. INSURANCE TAX SERVICESREGULARLY DEAL WITH TAX ISSUES UNIQUE TO INSURANCE COMPANIES Mazars’ Tax professionals will have an in-depth understanding of your business through frequent interaction with financial management. We know how to complete our work without creating time-consuming problems for the company. Our team becomes an integral member of your tax team, as your success becomes our success. • Tax Services

11. Governance, Risk and Compliance (GRC) Services The increasingly regulated business environment in the United States and internationally, requires companies to demonstrate their honesty, transparency, ethical behavior and long-term sustainability, as well as identify and manage risks. Mazars’ Governance, Risk and Compliance offers a broad spectrum of solutions and expertise across industries to help businesses succeed in a dynamic market and regulatory environment. Protect your Assets

12. Governance, Risk and Compliance (GRC) Services SPECIALTY INDUSTRY SOLUTIONS Mazars USA’s team of experts successfully addresses the corporate governance, risk management and internal audit requirements for a range of entities, applying practical, effective solutions to specific regulated industries. Protect your Assets

13. End-to-end cybersecurity Mazars’ Cybersecurity experts help organizations in all industries, both nationally and globally, understand and manage their cyber risk. Our professionals provide a unique combination of foresight, experience, and hands-on execution to assist you in mitigating risk and protecting your business. Advisory Services Managed Services Privacy Compliance Monitoring Threat Hunting Data Privacy Consulting Virtual SOC as a Service (vSOC) Security & Privacy Regulatory Assessments Cloud Security Analytics Managed Detection and Response (MDR) Ethical Hacking – Technical Assessments Operational Technology (OT) Solutions Vulnerability Management Program

14. Bermuda and UK Resources, knowledge, and experience with local work streamsInsurance Services IFRS and Solvency II Strong IFRS and Solvency II knowledge and experience Insurance and Reinsurance Operational knowledge SPVsExperience setting up and reporting Global and Local Coordinated teams to manage global and local work streams Dedicated Bermuda resources LloydsSignificant experience working with Lloyds Regulatory Expertise BMA and FSA (Bank of England) requirement Mazars’ Member-Firm in Bermuda To perform and sign local work

15. REPRESENTATIVE INSURANCE CLIENTS Our portfolio of clients includes numerous companies that write all lines of Property, Casualty, Life and Health coverage. Our insurance clients vary in size from small insurance firms and captives with less than $10 million in Gross Written Premiums to large international (re)insurance groups with more than $1 billion in GWP.

16. Our professionals

17. TAX AND ACCOUNTING Collectively, the Mazars Insurance Practice possesses decades of experience in a broad range of audit, accounting, tax compliance, financial advisory services and specialized financing services for the highly-regulated insurance industry. Our multidisciplinary experts best serve clients by being actively involved and hands-on in their approach to client engagements. Brian Clouse, Partner Insurance Practice Lead 267.532.4312 - Brian.Clouse@MazarsUSA.com Tom Barber, Partner Insurance Tax Lead 267.532.4307 - Tom.Barber@MazarsUSA.com • More than 20 years of financial, auditing, managing and consulting expertise in the insurance industry • Provides leadership and technical skills to all aspects of complex insurance and reinsurance projects and initiatives • Experienced with insurance and reinsurance companies as well as captives and risk retention groups • More than 29 years of insurance-related taxation expertise • Experienced with property and casualty, life, health, mortgage and financial guaranty, Blue Cross/Blue Shield and captive insurance companies • Led numerous tax consulting service engagements for ASC 740 and SSAP No. 101, among others Jeffrey Palmer, Partner Insurance Audit & Accounting Practice 267.532.4323 - Jeffrey.Plamer@MazarsUSA.com Anthony Stranix, PartnerInsurance Audit & Accounting Practice 267.532.4398 - Anthony.Stranix@MazarsUSA.com • More than 25 years of audit and insurance experience • Specializes in major insurance consulting and audit engagements • Experienced with a broad spectrum of P&C, as well as life and health insurance, both domestically and internationally • More than 10 years of experience providing audit , internal audit, financial analysis and accounting services • Specializes in insurance companies, including property and casualty insurance, health insurance, captives, financial services and employee benefit plan industries

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