OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

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FLEXFIELD

FlexField provides the ultimate in liability protection: with no fixed attachment point, it picks up elements from the primary and adds new coverage security. By seamlessly and dynamically wrapping around otherwise static insurance towers, FlexField forms critical bonds and allows clients to extend their coverage in a multitude of ways. Just as its name implies, FlexField allows our underwriters to work with you to easily fortify coverage, close gaps and deliver the service and financial security your clients need.

FlexField coverage can be crafted for Management Liability and Professional Indemnity products. Malleable and kinetic, it can accommodate a mono-line product or bridge multiple products at any level of the tower.

FLEXFIELDSM. ALLIED WORLD’S NEW SUITE OF PRODUCTS.A WHOLE NEW TYPE OF REACTION

OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

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FORTIFIED PROTECTION.

UNDERWRITING APPROACHFlexField provides new coverage solutions that are creative, agile, and can accom-modate a myriad of client requirements. Regardless of how uniquely structured the account and no matter the product, Allied World’s team of dedicated underwriters can work with you to craft a coverage package that meets the specific needs of your client.

CAPACITYOur capacity is fluid and moves around an insurance tower to plug gaps and ensure the best possible protection. We can write up to US $25m.

WIDE GEOGRAPHIC SCOPEAllied World’s FlexField is underwritten from our offices in Asia-Pacific. Our highly experienced underwriters, located in branch offices near you, can provide quotes for the simplest to most highly-complex and uniquely-structured deals.

FX1PL

FX1PL may attach within the primary layer, offering an additional limit on top of the existing sub-limits to augment a client’s coverage.

FX1PL pays the uneroded portion of any sub-limit, once the underlying limit is exhausted, regardless of whether underlying excess insurers afford such cover.

FX1PL ensures coverage defined as a sub-limit in the primary policy, but which has the same value accorded to it as the primary limit, will flow through the FlexField policy to provide full limit protection.

FX1PL pays the uneroded portion of any sub-limit at any point above the primary layer, where an underlying excess insurer is not required to make, or refuses to make, such payment.

FX1PL makes payment on the same terms and conditions as the underlying insurance once the underlying limit is exhausted.

FX1PL recognises the erosion of an underlying limit, due to a payment by an insured alongside underlying insurers, of a covered loss.

FlexField FX1PL

OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

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FX2PL

FX1PL

FX2PL drops-down to replace an insolvent underlying insurer, protecting clients against an inability to recover policy proceeds from such insurer and providing a level of counter- party credit protection.

FX2PL provides an option for a client to elect Allied World as a replacement, at any underlying attachment point, of an insurer which is downgraded below specified credit ratings.

FlexField FX2PL

FX2PL offers unique coverage features, plus all the benefits of FX1PL.

OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

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Also includes FX1PL features:

• Pays the uneroded portion of any sub-limit at any point above the primary layer, where an underlying excess insurer is not required to make, or refuses to make, such payment;

• Makes payment on the same terms and conditions as the underlying insurance once the underlying limit is exhausted;

• May attach within the primary layer, offering an additional limit on top of the existing sub-limits to augment a client’s coverage;

• Recognises the erosion of an underlying limit, due to a payment by an insured alongside underlying insurers, of a covered loss;

• Ensures coverage defined as a sub-limit in the primary policy, but which has the same value accorded to it as the primary limit, will flow through the Flexfield policy to provide full limit protection;

• Pays the uneroded portion of any sub-limit, once the underlying limit is exhausted, regardless of whether underlying excess insurers afford such cover.

FX3PL

FX2PL

FX1PL

FX3PL affords a ‘Protected Cell’ for Directors and Officers by reinstating the limit for subsequent non-indemnifiable loss, thereby ensuring that Directors and Officers receive adequate last resort protection.

FlexField FX3PL

FX3PL offers unique protection for Directors and Officers, plus all the benefits of FX1PL and FX2PL.

OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

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Also includes FX1PL and FX2

PL features:

• Pays the uneroded portion of any sub-limit at any point above the primary layer, where an underlying excess insurer is not required to make, or refuses to make, such payment;

• Makes payment on the same terms and conditions as the underlying insurance once the underlying limit is exhausted;

• May attach within the primary layer, offering an additional limit on top of the existing sub-limits to augment a client’s coverage;

• Recognises the erosion of an underlying limit, due to a payment by an insured alongside underlying insurers, of a covered loss;

• Ensures coverage defined as a sub-limit in the primary policy, but which has the same value accorded to it as the primary limit, will flow through the Flexfield policy to provide full limit protection;

• Pays the uneroded portion of any sub-limit, once the underlying limit is exhausted, regardless of whether underlying excess insurers afford such cover;

• Provides an option for a client to elect Allied World as a replacement, at any underlying attachment point, of an insurer which is down-graded below specified credit ratings;

• Drops-down to replace an insolvent underlying insurer, protecting clients against an inability to recover policy proceeds from such insurer and providing a level of counter-party credit protection.

FX3PL

FX4PLFX2

PL

FX1PL

FX4PL can be stretched around multiple insurance towers to provide a single cost effective aggregate limit.

FX4PL includes language to recognise simultaneous-erosion or exhaustion of underlying limits where separate product limits are tied together.

FlexField FX4PL

FX4PL offers unique protection, plus an accumulation of all the benefits of FX1PL, FX2PL and FX3PL.

OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

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Also includes FX1PL, FX2

PL and FX3PL features:

• Pays the uneroded portion of any sub-limit at any point above the primary layer, where an underlying excess insurer is not required to make, or refuses to make, such payment;

• Makes payment on the same terms and conditions as the underlying insurance once the underlying limit is exhausted;

• May attach within the primary layer, offering an additional limit on top of the existing sub-limits to augment a client’s coverage;

• Recognises the erosion of an underlying limit, due to a payment by an insured alongside underlying insurers, of a covered loss;

• Ensures coverage defined as a sub-limit in the primary policy, but which has the same value accorded to it as the primary limit, will flow through the Flexfield policy to provide full limit protection;

• Pays the uneroded portion of any sub-limit, once the underlying limit is exhausted, regardless of whether underlying excess insurers afford such cover;

• Provides an option for a client to elect Allied World as a replacement, at any underlying attachment point, of an insurer which is down-graded below specified credit ratings;

• Drops-down to replace an insolvent underlying insurer, protecting clients against an inability to recover policy proceeds from such insurer and providing a level of counter-party credit protection

• Affords a ‘Protected Cell’ for Directors and Officers by reinstating the limit for subsequent non-indemnifiable loss, thereby ensuring that Directors and Officers receive adequate last resort protection.

OVERVIEW FLEXFIELD FX1PL FLEXFIELD FX2PL FLEXFIELD FX3PL FLEXFIELD FX4PL

Rated “A+ (Excellent)” by A.M. Best • Rated “A (Strong)” by Standard & Poor’s • Rated A2 by Moody’s

Rated “A” (Excellent) by A.M. Best • Rated “A” (Strong) by Standard & Poor’s • Rated “A2” (Good) by Moody’s

This information is provided as a general overview for agents and brokers. Coverage will be underwritten by the Hong Kong branch office of Allied World Assurance Company, Ltd, which is regulated by the Hong Kong Office of the Commissioner of Insurance, the Singapore branch office of Allied World Assurance Company, Ltd, which is regulated by the Monetary Authority of Singapore and/or the Australia branch office of Allied World Assurance Company, Ltd, as relevant. All of Allied World Assurance Company Holdings, AG’s rated insurance subsidiaries are currently rated A by Standard & Poor’s. Coverage is only offered subject to local regulatory requirements and through licensed agents and brokers. Actual coverage is subject to policy language as issued.

© Allied World Assurance Company Holdings, AG. All rights reserved. June 2016.

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ASIA-PACIFIC

AUSTRALIAAllied World Assurance Company, Ltd Level 21, Australia Square264 George StreetSydney, NSW, 2000, Australia

Chris SheatherUnderwriter, Professional Liability Division, Global MarketsE: christopher.sheather@awac.comT: +61.2.80.152.502

HONG KONGAllied World Assurance Company, Ltd 22/F, One Island East, Taikoo Place18 Westlands RoadQuarry Bay, Hong Kong

SINGAPOREAllied World Assurance Company, Ltd 60 Anson Road #08-01Mapletree AnsonSingapore, 079914

Alexander LiuVice PresidentProfessional Lines Division, Global MarketsE: alexander.liu@awac.comT: +65.6423.0889

FOR MORE INFORMATION CONTACT

www.alliedworldinsurance.com