INSURANCE SOLUTIONS FOR THE MARINE INDUSTRY

MARINE INSURANCE SOLUTIONS02

Global reach, local touchHowden is a truly independent broking group with one of the world’s largest international networks. We provide global solutions with local expertise from our retail offices throughout the world. We also have a specialist wholesale and reinsurance practices operating from key global placement hubs.

Our reputation is built on trust, the passion we show for supporting our clients and our ability to come up with the solutions to even the toughest challenges.

Howden is part of the Hyperion Insurance Group, which is 70% staff and management owned. Originally founded in 1994 as a wholesale broker, it now has businesses across:l Retail brokingl Wholesale brokingl Underwriting

2,200+EMPLOYEES

95+OFFICES

30COUNTRIES

Revenue by location of insuredPro forma including acquisition

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LOCAL INTELLIGENCE, GLOBAL PERSPECTIVEThe marine environment is notoriously unpredictable. The impact of maritime casualties throughout the world, whether at sea or inland, can be far reaching, with consequential delays and the real risk of loss of life.

Capital investment is always significant and even more so in recent years, due to the steady growth in shipping that has led to a re-evaluation of insurance requirements.

At Howden we fully understand the unique and difficult challenges facing those in the marine sector. We pride ourselves on our high standards, borne from an innovative structure, and our expertise, which has been acquired over many years. We deliver creative solutions for ship owners and managers, cargo owners, ports and terminals, charterers, passenger operators, ship building and repair yards and financiers, from all parts of the world.

Coupled with longstanding relationships with global insurers, primarily based in Lloyd’s and the London Market, as well as Europe, Far East, Scandinavia and Japan, we are able to provide a service which is consistently comprehensive, highly effective and without boundaries.

For all your insurance requirements we will identify, analyse and measure the risk prior to offering product related solutions and security options, in the most simplified way available.

We constantly keep abreast of the developing global market trends and update our business processes to enhance efficiency thus enabling us to fulfil our personal approach and ethos to ensure clients receive performance, stability, consistency and longevity.

We pride ourselves on being an insurance partner that delivers innovation and ingenuity; one that will tough

it out and find new ways to solve the major risk issues and disputes. A broker that never says “can’t”.

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MARINE INSURANCE SOLUTIONS04

OUR MARINE TEAMThe Marine division of Howden was initially formed in London in February 2005. Subsequently offices have opened in Hamburg (October 2007) and Rotterdam (September 2013).

The Howden Marine division now comprises of offices in:l Londonl Hamburgl Rotterdam

Following the acquisition of a majority share in FP Marine by Hyperion in January 2013, there are associated Group offices in the Pacific Asia region and Miami, with the headquarters based in Hong Kong, providing broking services for all aspects of marine insurances.

The local knowledge we offer, in addition to our team of marine specialists in London, is without equal. Both the Hamburg and Rotterdam offices work closely with specialised marine insurers in the European market, the majority of the international group P&I clubs, as well as Fixed Premium P&I facilities worldwide.

Being globally far reaching, our marine broking capability comprises of over 160 professionals who seamlessly deliver expertise and highly competitive, bespoke and innovative solutions to maritime enterprises worldwide.

WHOLESALE RETAIL SPECIALISM

REINSURANCE

AMERICAS EUROPE & SCANDINAVIA

FAR EAST & REST OF THE WORLD

1933WINDSOR INSURANCE BROKERS

LTD START TRADING

GROWTH & DEVELOPMENT OF HOWDEN MARINE

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WORKING ON YOUR BEHALFWhatever your needs, we craft the right balance between risk and enterprise, and deliver the level of cover that works for your business. Our team of specialist professionals uses their broad knowledge and product expertise to offer bespoke insurance solutions for all classes of marine exposures.

HULL & MARINE LIABILITIESWe are able to provide specialist advice and expert knowledge with respect of all types of tonnage and exposures including:l Hull and machineryl Disbursements (increased value, freight etc.)l Loss of hirel Charterers’ liabilityl Charterers’ defaultl Machinery deductiblel Protection and indemnityl Other marine related liabilitiesl Towage risks

PORTS & TERMINALSThrough working with port authorities worldwide and understanding their requirements, we have in-depth expertise and are able to provide flexible and comprehensive insurance cover for:l Loss of, or damage to, cargo under your care,

custody or controll Third-party liabilityl Professional indemnityl Fines and penaltiesl Physical loss of, or damage to, equipmentl Port propertyl Business interruption

MARINE CARGOWhether it’s by land, sea or air, or even in storage, we are able to arrange cost-effective protection for marine cargo.

SHIP FINANCEWe work with leading financial institutions to arrange ship mortgage insurance and financing insurance including:l Mortgagees’ interestl Innocent owners’ insurancel Lessors’ interest insurancel Political risks insurance

SHIPYARD & RELATED RISKSFor the many and diverse shipyard risks we can deliver bespoke solutions to cover:l Shipyard and building risksl Ship repairers’ liabilityl Worldwide delay in delivery

WAR & POLITICAL RISKSWe can arrange cover for the risks associated with international trade and investments, which can be tailored to provide cover for:l War risksl Kidnap and ransoml Confiscation, expropriation and nationalisationl Credit insurance

MEDIATIONWe are able to offer professional, qualified assistance for any kind of global maritime mediation.

SEPT 2013HOWDEN OPENS

ROTTERDAM OFFICE

2012WINDSOR PARTNERS LTD

JOINS HYPERION INSURANCE GROUP LTD TO DEVELOP

HOWDEN MARINE DIVISION

2005HANRAHAN THOMAS LTD

BECOMES THE MARINE DIVISION OF WINDSOR

INSURANCE BROKERS LTD

2007WINDSOR INSURANCE

BROKERS BECOMES WINDSOR PARTNERS LTD

WINDSOR PARTNERS LTD OPEN HAMBURG OFFICE

1994HOWDEN INSURANCE BROKERS LTD FOUNDED

JAN 2013 FP MARINE

RISKS LTD JOINS HYPERION INSURANCE

GROUP LTD

GROWTH & DEVELOPMENT OF HOWDEN MARINE

MARINE INSURANCE SOLUTIONS06

Our claims team is available to provide advice and assistance 24 hours a day in order to ensure

an efficient, effective and complete service.

PROACTIVE CLAIMS SERVICEWe are committed to a claims service of the highest standard in respect of all our clients’ needs. As such the claims team works closely with our broking team and are fully involved with all the portfolios from inception.

In addition, we are able to offer expertise in the field of adjusting as well as providing guidance on clauses and potential legal implications following a claim.

We recognise the importance of personal, proactive claims handling in order to meet the ever-changing and diverse nature of our clients’ requirements. Our claims team is available to provide advice and assistance 24 hours a day in order to ensure an efficient, effective and complete service.

AWARDS & RECOGNITION 2014: Insurance Insider Honours: Underwriting Initiative of the Year

2015: Insurance Insider Honours: Broking Initiative of the Year

2015: Insurance Insider Honours: M&A Transaction of the Year

2015: Reactions London Market Awards: Insurance Broking M&A Deal

2015: The British Insurance Awards 2015: Insurance Broker of the Year – Large Corporate International and London Market

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This document and any recommendations, analysis or advice herein are not intended to be taken as, nor does it constitute, legal, insurance or professional advice. It is not specific to any individual circumstances regarding policy terms, conditions and exclusions. Please contact your specialist broker, legal or financial advisor for an analysis of your specific facts and circumstances.

Howden UK Group Limited71 Fenchurch StreetLondonEC3M 4BSUnited Kingdom

www.howdengroup.com

Part of the Hyperion Insurance Group

Howden is a trading name of Howden UK Group Limited, part of the Hyperion Insurance Group. Howden UK Group Limited is authorised and regulated by the Financial Conduct Authority in respect of general insurance business. Registered in England and Wales under company registration number 725875. Registered Office: 16 Eastcheap, London EC3M 1BD. Calls may be monitored and recorded for quality assurance purposes.

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