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Quick Tour Country Profiles. International Markets Market Intelligence January 2010. FOR MANAGING AGENTS AND BROKERS. Offices. North. Europe. China. Japan. America. India,. Latin. Middle. Asia. America. East and. Pacific. Africa. North America. Latin America. Europe. IMEA.

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Quick Tour Country Profiles


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    1. Quick TourCountry Profiles International Markets Market IntelligenceJanuary 2010 FOR MANAGING AGENTS AND BROKERS

    2. Offices North Europe China Japan America India, Latin Middle Asia America East and Pacific Africa North America Latin America Europe IMEA Asia Pacific Click Box to navigate QUICK TOUR (Country Profiles)

    3. North America Latin America Europe IMEA Asia Pacific North America Offices Illinois Kentucky New York Montreal Toronto US Virgin Islands Representation West Coast QUICK TOUR (Country Profiles)

    4. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific US Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    5. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific US > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • A large market that attracts investors and companies. • Corporate reactivity and flexibility rest on the substantial sector and geographic mobility of the work force and the flexibility of labour legislation. • The quality of higher education and universities and the size of the high technology sector contribute to maintaining R&D at a high level and foster the capacity to innovate. CHALLENGES • The economy is highly dependent on property and financial asset values. • The decline in the traditional manufacturing industry tends to keep the current account balance in deficit. • Very large energy needs makes it crucial to allocate resources to investments focused on adapting to environmental constraints. • Demographic pressures have exposed the inadequacy of health and retirement financing systems. • The poor condition of infrastructure tends to undermine corporate competitiveness. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessUS ranks 3rdout of 181 countriesGlobal CompetitivenessUS ranks 1stout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 03 US UK US UK 16,000 2 14,265 14,003 1.1% 01 0.7% 1 12,000 0 -1 8,000 -2 -3 2674 4,000 2,007 -2.8% -4 -4.1% -5 0 Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    6. Business Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific US > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • State Farm > www.statefarm.com • AIG > www.aig.com • Allstate > www.allstate.com • Travelers > www.travelers.com • Liberty Mutual > www.libertymutual.com • Nationwide > www.nationwide.com • Farmers > www.farmers.com • Berskshire Hathaway > www.berkshirehathaway.com • Progressive > www.progressive.com • Zurich > www.zurich.com Key Industry & Lloyd’s Events Association Insurance Information Institute > www.iii.org Regulator National Association of Insurance Commissioners > www.naic.org > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ US UK US UK Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ 800,000 2,500 2,177 662,432 658,674 2,000 600,000 1,276 1,500 400,000 1,000 200,000 115,725 107,393 500 0 0 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008” Insurance Environment

    7. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific US > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s President, North America Mr Henry Watkins The Museum Office Building 25 West 53rd Street 14th Floor New York NY 10019 • TELEPHONE+1 212 382 4090 • FAX+1 212 382 4070 • EMAIL> hank.watkins@lloyds.com • WEBSITE> www.lloyds.com/america • Offices / Representation Illinois Ms Maryanne Swaim • TELEPHONE+1 312 407 6201 • EMAIL> maryanne.swaim@lloyds.com • US Virgin Islands Mr Henry L Feuerzeig • TELEPHONE+1 340 715 4443 • EMAIL> hfeuerzeig@DTFLaw.com • Kentucky Mr Pat Talley • TELEPHONE+1 502 875 5940 • EMAIL> pat.talley@lloyds.com • US West Coast Mr Anthony Joseph • TELEPHONE+ 1 310 706 4100 • EMAIL> anthony.joseph@lloyds.com Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Direct – Licensed:No, except, Illinois, Kentucky and US Virgin IslandsDirect – Surplus Lines:Yes, except Kentucky and the US Virgin IslandsReinsurance: Most syndicates accredited reinsurers in all 50 states Lloyd’s GWP: USD 11.00bn* Direct: USD 6.45bn* Reinsurance: USD 4.56bn* *at constant prices; million USD See:Data limitations for detail Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> North America > US QUICK TOUR (Country Profiles)

    8. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Canada Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    9. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Canada > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • The North American Free Trade Agreement, involving Canada, the US and Mexico, has brought a trade boom for Canada. • Economically and technologically the nation has developed in parallel with the US. • Despite moderate deterioration of their profitability in the current unfavourable economic conditions, companies have in general remained in satisfactory financial health with the several recent good years enabling them to firm up their balance sheets. CHALLENGES • Canada’s economy suffered due to persistently poor export performance — with a quarter of Canada's growth dependent on economic conditions in the US and the downturn of investment. • Canada faces the political challenges of meeting public demands for quality improvements in health care and education services, as well as responding to separatist concerns in predominantly francophone Quebec. • Canada also aims to develop its diverse energy resources while maintaining its commitment to the environment. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessCanada ranks 8thout of 181 countriesGlobal CompetitivenessCanada ranks 10thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 08 Canada UK Canada UK 0.7% 0.5% 3,000 1 2674 10 0 2,007 2,000 -1 1,511 1,229 -2 1,000 -3 -2.5% -4 -4.1% -5 0 Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    10. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Canada > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Intact > www.intactinsurance.com • Aviva > www.avivacanada.com • Coperators > www.cooperators.ca • TD > www.tdcanadatrust.com • Economical > www.economicalinsurance.com • State Farm > www.statefarm.ca • RSA > www.rsa.ca • Lloyd’s > www.lloyds.com • Wawanesa > www.wawanesa.com • Desjardins General > www.desjardins.com Key Industry & Lloyd’s Events Association Insurance Bureau of Canada > www.ibc.ca Regulator OSFI > www.osfi-bsif.gc.ca > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Canada UK Canada UK Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ 200,000 2,500 2,133 2,000 150,000 115,725 107,393 1,276 1,500 100,000 1,000 57,319 55,415 50,000 500 0 0 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    11. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Canada > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s President for Canada Ms Deborah Moor 1155 Rue Metcalfe Suite 2220 Montreal Quebec H3B 2V6 • TELEPHONE+1 514 864 5484 • FAX+1 514 861 0470 • EMAIL> deborah.moor@lloyds.com • WEBSITE> www.lloyds.com/canada Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence Market Intelligence > www.lloyds.com/crystal Direct:Lloyd's is licensed for all classes of insurance except life, title, mortgage, credit protection, home warranty (in the province of British Columbia only) and hail in respect of crop (in the province of Quebec only).Reinsurance: Lloyd's is licensed for all classes of reinsurance except life, title, mortgage, credit protection, home warranty (in the province of British Columbia only) and hail in respect of crop (in the province of Quebec only). Lloyd’s GWP: USD 1.67bn* Direct: USD 1.43bn* Reinsurance: USD 235m* *at constant prices; million USD See:Data limitations for detail Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> North America > Canada QUICK TOUR (Country Profiles)

    12. North America Latin America Europe IMEA Asia Pacific Europe TYPE 1 Austria Denmark Norway Portugal TYPE 2 Greece / Cyprus Israel Malta Netherlands / Belgium TYPE 3 France Germany Ireland Italy Poland Spain Sweden Switzerland QUICK TOUR (Country Profiles)

    13. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Austria – TYPE 1 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    14. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Austria – TYPE 1 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Despite the deterioration of the economic context, Austrian companies are likely to remain in satisfactory condition. The past few years have allowed them to flesh out their balance sheets and improve their cash positions. • Austria country experienced no speculative property bubble and a weakening Euro, if sustained, is likely to enhance their competitiveness. CHALLENGES • The sectors with nonetheless higher risk profiles include construction, wood, home-appliance and furniture distribution, transport, and notably an automotive subcontracting segment that has particularly suffered from the downturn of vehicle sales on the continent. • Household consumption has thus become the bulwark of the economy while nonetheless remaining sluggish affected by weak wage growth and a deteriorating job picture. The rise of unemployment, albeit moderate, is expected to offset the positive effects of easing inflation fiscal stimuli. • Corporate investment is also expected to decline as a result of the credit crunch and weak foreign demand. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessAustria ranks 27th out of 181 countriesGlobal CompetitivenessAustria ranks 14thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 27 Austria UK Austria UK 3 3,000 2674 1.8% 14 2 0.7% 2,007 1 2,000 0 -1 -2 1,000 -3 415 362 -3.0% -4 -4.1% 0 -5 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    15. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Austria – TYPE 1 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Generali > www.generali.at • Wiener Staedtische > www.wienerstaedtische.at • UNIQA > www.uniqua.at • Allianz > www.allianz.at • Donau > www.donauversicherung.at • Zurich > www.zurich.at • Grazer Wechselseitige > www.grawe.at • Oberosterrichische > www.keinesorgen.at • Niederoesterreichische > www.noev.at • Wuestenrot > www.wuestenrot.at Key Industry & Lloyd’s Events Association Verband der Versicherungsunternehmen > www.vvo.at Regulator Bundesministerium fuer Finanzen > www.fma.gv.at > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Austria UK Austria UK 150,000 2,000 1,569 115,725 107,393 120,000 1,500 1,276 90,000 1,000 60,000 500 30,000 13,095 11,876 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    16. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Austria – TYPE 1 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Dr Harald Svoboda Kubac, Svoboda & Kirchweger Rechtsanwälte (GbR) Kantgasse 3 1010 WienAustria • TELEPHONE+43 (0)1 713 07 13 • FAX+ (43-1) 713 24 21 • EMAIL> Harald.svoboda@lloyds.com • WEBSITE> www.lloyds.com/austria • Market Relations Manager Mr Volker Eutebach • TELEPHONE+49 (0)69 5970253 • FAX+49 (0)69 550926 • EMAIL> volker.eutebach@lloyds.com Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 54.6m* Direct: USD 18.6m* Reinsurance: USD 36.0m* *at constant prices; million USD See:Data limitations for detail Services:YesEstablishment:YesReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Eastern Markets QUICK TOUR (Country Profiles)

    17. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Belgium – TYPE 2 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    18. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Belgium – TYPE 2 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Multiculturalism and multilingualism, fostered by Belgium's geographic position and the presence of European institutions, have been assets in hosting foreign companies and developing foreign trade. • Located at the heart of a major economic area, Belgium is at the crossroads of many communication channels whether road, rail, or water transport. • Belgium is the European country where company creation is the speediest. • Household net worth ranks among the highest for industrialised countries. CHALLENGES • By limiting national prerogatives, regionalisation has complicated matters in reducing disparities between regions. • A sufficiently competitive product and service offer is lacking in many economic sectors. • The limited international scope of service companies is not conducive to innovation and development of high value-added sectors. • Inadequate professional training has impeded youth employment, which has contributed to maintaining high structural joblessness. • Deterioration of public sector finances has made it more difficult to implement measures intended to deal with the problems posed by an aging population. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessBelgium ranks 19th out of 181 countriesGlobal CompetitivenessBelgium ranks 19thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 19 Belgium UK Belgium UK 2 3,000 2674 1.1% 0.7% 19 1 2,007 0 2,000 -1 -2 1,000 -3 506 434 -4 -3.8% -4.1% 0 -5 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    19. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Belgium – TYPE 2 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • AXA > www.axa.be • BNP Paribas Fortis > www.fortis.be • Ethias > www.ethias.be • KBC > www.kbc.be • Winterthur (AXA) > www.winterthur.com • Dexia > www.dexia.be • Allianz > www.allianz.be • DKV > www.dkv.be • Vivium > www.vivium.be • Mercator > www.mercator.be Key Industry & Lloyd’s Events Association Insurance Companies' Association > www.assuralia.be Regulator Banking, Finance and Insurance Commission > www.cbfa.be > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Belgium UK Belgium UK 1,277 1,276 150,000 1,400 115,725 1,200 107,393 120,000 1,000 90,000 800 600 60,000 400 16,358 30,000 14,527 200 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    20. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Belgium – TYPE 2 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Mr Alexis Fontein Underwriters' in Belgium c/o D’Hoine & Mackay Schalienstraat 30 2000 Antwerp Belgium • TELEPHONE+32 3470 2309 • FAX+32 3470 2317 • EMAIL> alexis.fontein@lloyds.com • WEBSITE> www.lloyds.com/belgium Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 144.6m* Direct: USD 119.3m* Reinsurance: USD 25.2m* *at constant prices; million USD See:Data limitations for detail Services:YesEstablishment:YesReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets QUICK TOUR (Country Profiles)

    21. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Cyprus – TYPE 2 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    22. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Cyprus – TYPE 2 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Cypriot political and economic situation is stable. • Corporate default probability is low on average. • Consumption remained relatively strong in 2008, buoyed by wage growth, low interest rates, and renewed confidence associated with the country's entry into the Euro zone. • The pace of investment slowed, however, after the exceptional growth achieved these past years. CHALLENGES • The deterioration of international economic conditions has affected exports of goods and services. • Private consumption is expected to suffer from the growth of household debt and the uncertainties stemming from the international financial crisis. • Property investment will likely undergo a severe slowdown attributable particularly to the decline of demand from non-residents for housing. • The election in February 2008 of Demetris Christofias as president on the promise of a dialogue with representatives of the Turkish community has created a more propitious climate for resolving the Cypriot question. Although negotiations began in September 2008, many difficult issues remain on the table like compensation for despoiled property and withdrawal of the Turkish troops garrisoned in the north of the island. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessCyprus ranks N/A out of 181 countriesGlobal CompetitivenessCyprus ranks 40thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org N/A Cyprus UK Cyprus UK 6 3,000 2674 40 3.7% 4 2,007 2 2,000 0.7% 0.3% 0 1,000 -2 -4 25 23 -4.1% 0 -6 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    23. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Cyprus – TYPE 2 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Laiki > www.laiki.com • General Insurance of Cyprus > www.gic.com.cy • Pancyprian Insurance > www.hellenicbank.com • Cosmos > www.cosmosinsurance.com.cy • Atlantic > www.atlantic.com.cy • Universal Life > www.universallife.com.cy • American Home > www.aigcyprus.com • Minerva > www.minerva.com.cy • Commercial General > www.cgi.com.cy • Alpha Insurance > www.alphabank.com.cy Key Industry & Lloyd’s Events Association Insurance Association of Cyprus > www.iac.org.cy Regulator Insurance Companies Control Service > www.mof.gov.cy > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Cyprus UK Cyprus UK 1,276 150,000 1,400 115,725 1,200 107,393 120,000 1,000 90,000 800 611 600 60,000 400 30,000 200 455 528 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    24. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Cyprus – TYPE 2 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Ms Marianna Papadakis Lloyd's Cyprus Limited 195 Arch Makarios lll Avenue Neocleous House Limassol 3030 Cyprus • TELEPHONE+44 0207 327 6802 • FAX+44 0207 327 5255 • EMAIL> marianna.papadakis@lloyds.com • WEBSITE> www.lloyds.com/cyprus Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 51.5m* Direct: USD 31.6m* Reinsurance: USD 19.9m* *at constant prices; million USD See:Data limitations for detail Services:YesEstablishment:YesReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets QUICK TOUR (Country Profiles)

    25. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Denmark – Type 1 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    26. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Denmark – Type 1 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe. • Denmark joined NATO in 1949 and the EEC (now the EU) in 1973. At the same time, the country has opted out of certain elements of the European Union's Maastricht Treaty, including the European Economic and Monetary Union (EMU), European defence cooperation, and issues concerning certain justice and home affairs. • While Denmark was the first European country to slip into recession in 2008, exports managed to grow thanks to support from sales of services (maritime trading), oil, and natural gas. CHALLENGES • Bankruptcies accelerated during 2008, particularly in sectors focusing on household consumption (construction and property and related branches, wholesaling, and leisure). • Denmark’s financial sector also suffered with company failures up significantly. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessDenmark ranks 5thout of 181 countriesGlobal CompetitivenessDenmark ranks 3rdout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 5 Denmark UK Denmark UK 0.7% 1 3,000 2674 3 0 2,007 -1 2,000 -1.1% -2 1,000 -3 343 290 -4 -4.0% -4.1% 0 -5 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    27. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Denmark – Type 1 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Tryg Skade > www.tryg.dk • Topdanmark > www.topdanmark.dk • Codan (RSA) > www.codan.dk • Alm. Brand > www.almbrand.dk • Danmark > www.sygeforsikring.dk • IHI Denmark (Bupa) > www.ihi.com • Alka > www.alka.dk • Nykredit > www.nykredit.dk • GF-Forsikring > www.gf-forsikring.dk • Danske Forsikring > www.danskeforsikring.dk Key Industry & Lloyd’s Events Association Forsikring & Pension > www.forsikringenshus.dk Regulator Insurance Supervisory Authority > www.ftnet.dk > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Denmark UK Denmark UK 150,000 2,000 1,750 115,725 107,393 120,000 1,500 1,276 90,000 1,000 60,000 500 30,000 11,367 10,244 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    28. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Denmark – Type 1 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Mr Jes Anker MikkelsenLloyd’s c/o Bech-Bruun Langelinie Allé 35 DK-2100 Copenhagen Denmark • TELEPHONE+45 (0)7227 3586 • FAX+45 (0)7227 0027 • EMAIL> jam@bechbruun.com • WEBSITE> www.lloyds.com/denmark • Nordic Area Manager Mr Erik Borjesson Stureplan 4c 4th Floor Stockholm 114 35 Sweden • TELEPHONE+00 46 705 399 982 • EMAIL> erik.borjesson@lloyds.com Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 166.4m* Direct: USD 119.5m* Reinsurance: USD 46.8m* *at constant prices; million USD See:Data limitations for detail Services:Yes, other than aircraft liability Establishment:Yes, other than life insurance, suretyship, credit or tourist assistanceReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Nordic Markets QUICK TOUR (Country Profiles)

    29. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific France – Type 3 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    30. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific France – Type 3 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Good demographics facilitate generational renewal and spur household spending. • Diversification of energy supply sources has resulted in relative energy independence. • France boasts a trove of internationalised and completive major groups in many fields including energy, pharmaceuticals, cosmetics, luxury, and distribution. • A dynamic banking and financial sector has a strong presence abroad. • A highly skilled labour force and high hourly productivity partly compensate for a short work year. • Good quality infrastructure contributes to the country's attractiveness to tourists. CHALLENGES • The public finance deficit and debt are too high, particularly in view of the growth of health and pension spending. • The concentration of decision-making authority in Paris and the multiple local administrative levels has not been conducive to reducing geographic inequality. • Deficiencies in education and training have not facilitated access to the employment market for youth and the relatively unskilled. • The investment effort on R&D remains inadequate. • A somewhat unsuitable sectoral specialisation and the limited presence of French companies in high-growth emerging regions have affected foreign trade performance. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessFrance ranks 31stout of 181 countriesGlobal CompetitivenessFrance ranks 16thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 31 France UK France UK 0.7% 0.7% 1 4,000 16 0 2,866 2674 3,000 2,499 -1 2,007 -2 2,000 -3 1,000 -3.0% -4 -4.1% 0 -5 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    31. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific France – Type 3 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Covea > www.covea.fr • Axa > www.axa.fr • Groupama > www.groupama.fr • AGF Allianz > www.allianz.fr • Generali > www.generali.fr • Macif > www.macif.fr • MAIF > www.maif.fr • ACM > www.acm.fr • Credit Agricole / Lyonnais > www.credit-agricole.com • Swiss Life > www.swisslife.fr Key Industry & Lloyd’s Events Association Federation Française des Societes d'Assurances > www.ffsa.com Regulator Secrétariat du Comité des entreprises d'assurance > www.ceassur.fr > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ France UK France UK 150,000 1,360 1,339 115,725 1,340 107,393 120,000 91,861 1,320 83,229 90,000 1,300 60,000 1,276 1,280 30,000 1,260 1,240 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    32. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific France – Type 3 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Mr Guy-Antoine de La Rochefoucauld Lloyd's France SAS 4 rue des Petits Pères 75002 Paris France • TELEPHONE+33 1 42 60 43 43 • FAX+33 1 42 60 14 41 • EMAIL> guy-antoine.delarochefoucauld@lloyds.com • WEBSITE> www.lloyds.com/france Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 736.3m* Direct: USD 425.6m* Reinsurance: USD 310.7m* *at constant prices; million USD See:Data limitations for detail Services:Yes Establishment:Yes, except life assistanceReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets QUICK TOUR (Country Profiles)

    33. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Germany – TYPE 3 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    34. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Germany – TYPE 3 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Comparatively sound public accounts means that the German government may have additional room for manoeuvre, particularly at a time of crisis. • Public and private efforts on research, already substantial, have been growing significantly. • Smaller German companies – the Mittelstand– play a central role in the economy as regards employment, innovation, and competitiveness. • "Co-determination" of joint-stock companies, mandatory with over 500 employees, has fostered consensus on strategic decisions and restructuring. • Good geographic and sector specialisation in conjunction with high competitiveness has resulted in a large trade surplus that will doubtless begin to grow again once the crisis is over. • Geographically nearby Central and Eastern European countries provide companies with a wealth of sales and production opportunities. CHALLENGES • Heavily dependant on exports, the German economy is closely tied to world economic conditions. • The plight of the persistently lagging economies of eastern Länder (federated states) is compounded by severe disparities between a north still dependent on traditional economic sectors and a south highly focused on growth sectors. • The family-type businesses prevalent in the Mittelstand complicate matters in obtaining bank financing that must comply with Basle II norms. • Despite merger and acquisition activity spurred by the crisis, the banking landscape remains fragmented, which tends to undermine profitability in the sector. • The inadequacy of facilities for small children has contributed to the low birth rate and aging of the population, which, in turn, have affected consumption. • The high proportion of youth lacking an adequate general education has resulted in less involvement by companies in apprenticeship programmes — which nonetheless concern two-thirds of the target age group – and in a lack of engineers. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessGermany ranks 25th out of 181 countriesGlobal CompetitivenessGermany ranks 7thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 25 Germany UK Germany UK 3,668 1.3% 2 4,000 0.7% 7 1 3,060 2674 0 3,000 -1 2,007 -2 2,000 -3 1,000 -4 -4.1% -5 0 -6 Global Opportunities for business indicators> www.lloyds.com/marketintelligence -5.6% 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    35. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Germany – TYPE 3 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Allianz > www.allianz.com • HDI-Gerling > www.hdi-gerling.com • AXA > www.axa.com • R + V Allgemeine > www.ruv.de • Zurich > www.zurich.com • Victoria > www.victoria.de • Wuerttembergische > www.wuerttembergische.de • Gothaer > www.gothaer.de • Huk Coburg > www.huk.de Key Industry & Lloyd’s Events Association GDV > www.gdv.de Regulator Bafin > www.bafin.de > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Germany UK Germany UK 150,000 2,000 131,807 121,446 1,573 115,725 107,393 120,000 1,500 1,276 90,000 1,000 60,000 500 30,000 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    36. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Germany – TYPE 3 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Mr Burkard von Siegfried Niederlassung für Deutschland Gärtnerweg 3 60322 Frankfurt Deutschland • TELEPHONE+ 49 (0)69 5970253 • FAX+ 49 (0)69 550926 • EMAIL> burkard.vonsiegfried@lloyds.com • WEBSITE> www.lloyds.com/germany • Market Relations Manager Mr Volker Eutebach • TELEPHONE+49 (0)69 5970253 • FAX+49 (0)69 550926 • EMAIL> volker.eutebach@lloyds.com Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 518.9m* Direct: USD 252.1m* Reinsurance: USD 266.9m* *at constant prices; million USD See:Data limitations for detail Services:YesEstablishment:YesReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets QUICK TOUR (Country Profiles)

    37. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Greece – Type 2 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    38. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Greece – Type 2 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Greece’s political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement. • Corporate default probability is low on average. CHALLENGES • Economic growth ran out of steam in 2008, in phase with the slowdown of domestic demand: household consumption slowed amid rising inflation and investment declined significantly, affected by the collapse of residential construction. • The government has outlined policies to cut the country's ballooning budget deficit in an effort to regain the trust of investors after some rating agencies have put the country on negative watch • Exports (tourism and merchant navy) suffered from the Euro appreciation, slumping foreign demand, and the slowdown of world trade. • Greece’s current account deficit widened slightly again while public sector debt, also disproportionately large, declined substantially thanks to the proceeds from privatisations. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessGreece ranks 96th out of 181 countriesGlobal CompetitivenessGreece ranks 67thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 96 Greece UK Greece UK 4 3,000 2674 2.9% 67 3 2 2,007 0.7% 1 2,000 0 -1 -0.2% 1,000 -2 -3 358 325 -4 -4.1% 0 -5 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    39. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Greece – Type 2 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Ethniki > www.ethniki-asfalistiki.gr • Interamerican > www.interamerican.gr • Agrotiki > www.agroins.com • Intersalonika > www.intersalonika.gr • Aspis > www.aspis.gr • Ydrogios > www.ydrogios.gr • Commercial Value > www.commercialvalue.gr • Groupama > www.groupama.gr • International Union • General Union Key Industry & Lloyd’s Events Association Association of Insurance Companies > www.eaee.gr Regulator Private Insurance Supervisory Committee > www.pisc.gr > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Greece UK Greece UK 1,276 150,000 1,400 115,725 1,200 107,393 120,000 1,000 90,000 800 600 60,000 287 400 30,000 200 3,224 2,912 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    40. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Greece – Type 2 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Ms Marianna Papadakis Office in Greece 25A Boukourestiou Street 106 71 Athens Greece • TELEPHONE+44 0207 327 6802 +30 210 363 9156 • FAX+44 0207 327 5255 • EMAIL> marianna.papadakis@lloyds.com • WEBSITE> www.lloyds.com/greece Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 221.5m* Direct: USD 183.9m* Reinsurance: USD 37.6m* *at constant prices; million USD See:Data limitations for detail Services:Yes Establishment:Yes Reinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets QUICK TOUR (Country Profiles)

    41. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Ireland – Type 3 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    42. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Ireland – Type 3 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • Ireland boasts a vibrant, globalised economy, with GDP per capita second only to Luxembourg's in the EU. • The "Celtic Tiger" period of the mid to late 1990s saw several years of double-digit GDP growth, driven by a progressive industrial policy that boosted large-scale foreign direct investment and exports. CHALLENGES • The decline of residential investment (11 per cent of GDP), which began as early as 2007 and will continue in 2009, has lopped off about 400 basis points of GDP growth. • The trend for corporate investment in both plant and facilities has been just as negative, affecting domestic actors as much as the foreign companies that have contributed so substantially to the prosperity achieved in recent years. • The reduction in public spending budgeted for 2009, intended to limit to the extent possible the severe widening of the fiscal deficit, is expected to affect public works. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessIreland ranks 7thout of 181 countriesGlobal CompetitivenessIreland ranks 22ndout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 7 Ireland UK Ireland UK 2 3,000 0.7% 2674 22 0 2,007 -2 2,000 -2.3% -4 -4.1% 1,000 -6 273 218 -8 -8.0% 0 -10 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    43. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Ireland – Type 3 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Hibernian (Aviva) > www.hibernian.ie • Quinn > www.quinn-direct.com • Allianz > www.allianz.ie • FBD > www.fbd.ie • AXA > www.axa.ie • RSA > www.rsa.ie • Zurich > www.zurich.ie • Irish Public Bodies > www.ipb.ie • AIG > www.aig.ie • Combined > www.combinedinsurance.ie Key Industry & Lloyd’s Events Association Irish Insurance Federation > www.iif.ie Regulator The Financial Regulator > www.ifsra.ie > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Ireland UK Ireland UK 150,000 1,400 115,725 107,393 120,000 1,350 1,315 90,000 1,300 1,276 60,000 1,250 30,000 10,863 10,212 1,200 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    44. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Ireland – Type 3 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Mr Eamonn P Egan Lloyd’s Ireland Representative Limited 7-8 Wilton Terrace Dublin 2 Ireland • TELEPHONE+35 31631 3600 • EMAIL> eamonn.egan@lloyds.com • WEBSITE> www.lloyds.com/ireland Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Brokers have access to information via:www.lloyds.com/MARKETPRESENTATIONS Lloyd’s GWP: USD 245.5m* Direct: USD 172.9m* Reinsurance: USD 72.6m* *at constant prices; million USD See:Data limitations for detail Services:Yes, except permanent health insurance Establishment:Yes, except permanent health insuranceReinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets QUICK TOUR (Country Profiles)

    45. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Israel – Type 2 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    46. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Israel – Type 2 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • With an open and diversified economy, Israel's engagement in the OECD accession process further strengthens its capacity to attract foreign direct investment. • The country holds leadership positions on high value-added products integrating advanced and intermediate technology. • The work force is highly skilled. • Israel can count on political and financial backing from the US and the Diaspora. CHALLENGES • Israel’s public sector debt, although in decline, is still high. • A balkanised political landscape gives rise to shaky government coalitions that often complicate the budgetary process. • Exports are dependent on economic conditions in the US. • The climate of insecurity associated with the lingering Israeli-Palestinian conflict undermines the country's economic potential. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessIsrael ranks 30th out of 181 countriesGlobal CompetitivenessIsrael ranks 23rdout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 30 Israel UK Israel UK 6 3,000 2674 3.9% 23 4 2,007 2 2,000 0.7% 0 -2 1,000 -1.7% -4 202 204 -4.1% 0 -6 Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org

    47. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Israel – Type 2 Office > Back to Country Dashboard Insurance Environment > Key Stakeholders and Events • Major Insurers • Harel > www.harel-group.com • Clal > www.clalbit.co.il • Menorah > www.menoramivt.co.il • Phoenix > www.fnx.co.il • Migdal > www.migdal.co.il • Ayalon > www.ayalon-ins.co.il • Eliahu > www.eliahu.co.il • IDI > www.555.co.il • ILD > www.ildinsur.co.il • AIG > www.aig.co.il Key Industry & Lloyd’s Events Association Israel Insurance Association > www.igudbit.org.il Regulator Ministry of Finance > www.mof.gov.il > www.lloyds.com/News_Centre/Events Insurance Environment > Key Statistics Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD) Density(direct non-life GWP per capita; USD) Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links Insurance Information Institute> www.iii.org/international/profiles/ Worldwide Assecuranz Directory> http://assecuranz.kompass.com/ Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/ Israel UK Israel UK 1,276 150,000 1,400 115,725 1,200 107,393 120,000 1,000 764 90,000 800 600 60,000 400 30,000 200 5,381 4,550 0 0 Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence 2007 2008 2008 Density QUICK TOUR (Country Profiles) Based on: > www.swissre.com > “World Insurance in 2008” Based on: > www.swissre.com > “World Insurance in 2008”

    48. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Israel – Type 2 Office > Back to Country Dashboard Lloyd’s Business > Office Details • Lloyd’s General representative Mr Jonathan Gross Gibor Sport Bldg. 7 Menachem Begin Rd. Ramat Gan 52521 Israel • TELEPHONE+972 (0)3 612 2233 • FAX+972 (0)3 612 2233 • EMAIL> jonathan.gross@lloyds.com • WEBSITE> www.lloyds.com/israel Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence 2008 Lloyd’s Gross Written Premiums Trading Position Market Intelligence > www.lloyds.com/crystal Lloyd’s GWP: USD 118.8m* Direct: USD 68.0m* Reinsurance: USD 50.8m* *at constant prices; million USD See:Data limitations for detail Direct:Yes Reinsurance: Yes Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets QUICK TOUR (Country Profiles)

    49. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Italy – TYPE 3 Office Profile • Key strengths and challenges of the economy • Size and growth of the economy • Basic economic indicators • Key insurers • Insurance industry events • Basic insurance indicators Click Box to navigate • Lloyd’s office details and contacts • Trading position and size of Lloyd’s business • Available market intelligence products QUICK TOUR (Country Profiles)

    50. Business Environment Insurance Environment Lloyd’s Business North America Latin America Europe IMEA Asia Pacific Italy – TYPE 3 Office > Back to Country Dashboard Business Environment > Strengths & Challenges • STRENGTHS • The renown of some economic sectors (luxury, home, clothing, food) compensates to some extent for high production costs. • The smaller companies comprising some 200 industrial districts have been a major source of sectoral synergy. • Italy's exceptional tourist potential enables it to fend off competition from new European destinations. • Labour market reform has contributed to increasing employment and reducing unemployment. CHALLENGES • An inadequate proportion of high value-added products and high technological content has hampered export performance. • The insufficient level of productivity gains is attributable to the inadequacy of the resources devoted to research, penetration by high technology in companies, and number of higher education graduates. • Tax evasion and the underground economy contribute to maintaining massive public sector debt that limits fiscal room for manoeuvre. • Bureaucratic and legal procedures are slow despite the recent improvements in bankruptcy law. • Massive subsidies have not sufficed to close the gap between the south and the rest of the country. Based on: > http://globaledge.msu.edu/ Business Environment > Basic Indicators Gross Domestic Product (GDP)(at constant prices; billion USD) Gross Domestic Product (GDP) Growth(in annual % change) Rankings Ease of Doing BusinessItaly ranks 65th out of 181 countriesGlobal CompetitivenessItaly ranks 49thout of 134 countries Quick LinksDoing Business > www.doingbusiness.org Competitiveness > www.weforum.org 65 Italy UK Italy UK 0.7% 1 3,000 2674 49 2,314 0 2,007 1,988 -1 2,000 -1.0% -2 1,000 -3 -4 -4.1% 0 -5 -4.5% Global Opportunities for business indicators> www.lloyds.com/marketintelligence 2008 2009 Forecast 2008 2009 Forecast QUICK TOUR (Country Profiles) Based on: > www.imf.org Based on: > www.imf.org