2013 © GLINSO Insurance Brokers Ltd.

2013 © GLINSO Insurance Brokers Ltd.

Dear Sirs,

I am pleased to offer to you our new presentation of GLINSO Insurance Brokers Ltd.

The last few years appeared quite tough for the insurance community all over the world. However good opportunities always remain and I can assure you our Moscow office will not remain the only one for so long.

Back in 2010 we opened the first operation office in Moscow and have drastically expanded our activities in the Russian market since then.

GLINSO Insurance Brokers started overseas activities in early 2011, seeking to ensure best business ethics and highest service standards. Our clients always find tailor-made approach to their needs throughout the world.

Today we are working with over one hundred fifty companies capable to deal with inward reinsurance. Besides Russia GLINSO currently operates in the Middle East, in Northern Africa, Southern and South-Eastern Asia and in Europe. I am very happy with our positive working experience with Russian, Indian, African, Chinese reinsurers. We have built strong partnerships with over 30 countries, and are proud to add - with no overdue claim payments.

We successfully find attractive terms for placing facultative risks and treaty programs and offer reliable and stable capacities to our partners.

I would like to take this opportunity to thank all our partners for their trust and confidence.

Tatiana BardikMoscow, Russia 2013

A few welcoming words

2013 © GLINSO Insurance Brokers Ltd.

Company Name!! ! GLINSO – Insurance Brokers Ltd.

Registration! ! ! 08 April 2010, Russia

Registration Number! ! 1107746267815

Insurance Broker License! No. СБ-Ю 461677 issued by Russian Authorities 05 July 2010

Head Office! ! ! 21, Noviy Arbat st., Office 1233, Moscow, 119019, Russia

Staff!! ! ! ! 20 employees

Errors and omissions liability policy! USD 10 mio

Key staff:

General Manager! ! Tatiana Bardik (tb@glinso.eu)Deputy GM, Underwriting! Pavel Danilov (pd@glinso.eu)Deputy GM, International! Dmitriy Shaydulin (ds@glinso.eu)

We are 100% management owned Broker. We are a private company and this allows us to offer our partners an individual approach with best results.

GLINSO – Figures & Facts

2013 © GLINSO Insurance Brokers Ltd.

47% 53%

Facultative Business

Treaty

46%

19%17%

7%

4%3%

3%

Property & EngineeringMarine & CargoCasualtyMotor HullFinancialAviationOther

GLINSO – Portfolio split by premium

We are the fastest growing Broker in Russia.We have one of the most professional team on the local market.We operate in Facultative and Treaty business.We specialize in Property and Engineering, Marine and Cargo, Casualty, Motor, Aviation and Financial risks.

2013 © GLINSO Insurance Brokers Ltd.

72%

28%

Incoming business

GLINSO – International activity

Local market International market

74% 26%

Outgoing business

2013 © GLINSO Insurance Brokers Ltd.

45%

15%

11%10%

9%

7%

3%

Property & EngineeringLiabilityFinancialMarine & CargoCAR/EARCasualtyMotor

⋅ Exclusive insurance programs based on precise risk analysis, control and management.

⋅ Comprehensive insurance coverage expenses optimization.

⋅ Effective claims handling procedures.

⋅ Thorough pick of the most reliable insurance capacities from the large quantity of leading Russian insurers.

⋅ Special solutions for your complex insurance programs with arrangement of reinsurance support whenever required from the highest rated international market.

GLINSO – Direct business

2013 © GLINSO Insurance Brokers Ltd.

Binding Authority

We have the Binding Authority from local market which allows us to underwrite on behalf of ten Reinsurers from Russia and CIS.

We can accept Property and Engineering, Casualty, Marine and Cargo risks from all over the Globe, except USA and Canada.

This program is limited to USD 1,650,000 per each risk, however excess could be secured on facultative basis.

23%15%

15%

12%

12% 8%6%

3%3%3%

GIVAOSKPRO100TransinsuranceProminstrakhBalt-InsuranceYakorRICMaster-GarantNova

You can find additional Binding Authority presentation at Youtube.

2013 © GLINSO Insurance Brokers Ltd.

Our role as your Broker

With our established relationships, we can often broaden an insurance company’s range of expertise by matching them to a specific coverage and the wisdom they bring about their specific the industry. All benefit in this type of scenario.

There are a vast array of insurance services available in the market today. Whether you need fronting service or facultative reinsurance, risk evaluation or claims handling, Global Insurance Solutions, Ltd. can walk you through all the steps necessary for complete and comprehensive coverage.

The markets which were treated outsiders 20 years ago are strong competitors to Europe or London now. We believe a worldwide force in whole insurance industry is by far greater then classic scheme to secure all the business in a limited number of the usual big companies.

We are hoping for a very positive, strong and longterm cooperation and hope our suggestions will be taken into account.

We believe new emerged reinsurance markets have to use the opportunity of political difficulties, firstly, to show best business ethics and support in tough times and secondly, making their own conclusions about security of classic schemes.Where traditional markets

find some types of business unworthy of their time, R u s s i a n s e n j o y e d a t r u s twor thy p rofi t ab l e business for the last years. Selective marine risks from South-East Asia is a great example.

Diversification is a must for insurance business itself enforcing the effect of large numbers. And history shows diversification is strongly required not only for mathematical reasons, but for political risks also.

2013 © GLINSO Insurance Brokers Ltd.

Tatiana BardikGeneral ManagerMobile:! +62 857 79718733Email:!! tb@glinso.eu

Dmitriy ShaydulinDeputy General ManagerMobile:! +7 916 7147883Email:!! ds@glinso.eu

Pavel DanilovDeputy General ManagerMobile:! +7 903 7639950Email:!! pd@glinso.eu

Svetlana LisunovaCFOMobile:! +7 916 0076743Email:!! sl@glinso.eu

Olga ZeninaUnderwriting Department DirectorMobile:! +7 985 2101786Email:!! oz@glinso.eu

Anastasia FarberRussia Business Department Director

Mobile: +7 916 3154672Email: af@glinso.eu

Evgeniya SmirnovaCIS Business Department Deputy Director

Mobile: +7 916 2121743Email: es@glinso.eu

Anastasia RazumovskayaInternational Business Department Deputy Director

Mobile: +7 915 0383662Email: ar@glinso.eu

Kirill PatyrykinMarine & Cargo Department Director

Mobile: +7 926 6478841Email: kp@glinso.eu

Elena DeryuginaDirect Insurance Department Director

Mobile: +7 985 3871402Email: ed@glinso.eu