div class=ts-pagebutton class=gotoPage data-page=1Page 1button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=1 data-page=1 class=ts-thumb lazyload alt=Page 1: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails1jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=2Page 2button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=2 data-page=2 class=ts-thumb lazyload alt=Page 2: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails2jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=3Page 3button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=3 data-page=3 class=ts-thumb lazyload alt=Page 3: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails3jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=4Page 4button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=4 data-page=4 class=ts-thumb lazyload alt=Page 4: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails4jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=5Page 5button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=5 data-page=5 class=ts-thumb lazyload alt=Page 5: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails5jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=6Page 6button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=6 data-page=6 class=ts-thumb lazyload alt=Page 6: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails6jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=7Page 7button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=7 data-page=7 class=ts-thumb lazyload alt=Page 7: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails7jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=8Page 8button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=8 data-page=8 class=ts-thumb lazyload alt=Page 8: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails8jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=9Page 9button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=9 data-page=9 class=ts-thumb lazyload alt=Page 9: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails9jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=10Page 10button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=10 data-page=10 class=ts-thumb lazyload alt=Page 10: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails10jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=11Page 11button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=11 data-page=11 class=ts-thumb lazyload alt=Page 11: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails11jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=12Page 12button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=12 data-page=12 class=ts-thumb lazyload alt=Page 12: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails12jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=13Page 13button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=13 data-page=13 class=ts-thumb lazyload alt=Page 13: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails13jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=14Page 14button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=14 data-page=14 class=ts-thumb lazyload alt=Page 14: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails14jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=15Page 15button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=15 data-page=15 class=ts-thumb lazyload alt=Page 15: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails15jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=16Page 16button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=16 data-page=16 class=ts-thumb lazyload alt=Page 16: December 2014 - Part 1pdf · EQC Report commissioned by This report was commissioned by EQCs GM Reinsurance Research and Education Hugh Cowan Purpose This report was commissioned loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader034vdocumentinreader034viewer20220504185f8dac5faa67e251280440c1html5thumbnails16jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=17Page 17button div class=ts-imageimg data-url=december-2014-part-1pdf-eqc-report-commissioned-by-this-report-was-commissionedhtmlpage=17 data-page=17 class=ts-thumb lazyload alt=Page 17: December 2014 - 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