2002 Houston Marine Insurance Seminar

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2002 Houston Marine Insurance Seminar

• Gil GouldSenior Vice President, Underwriting
• September 24, 2002

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AEGIS Mission Statement
The Mission of AEGIS is to assure utility and
related energy industry Members consistently
superior insurance and risk management products
and services through a secure and stable market
enabling Members to achieve the lowest overall
long-term cost of risk.
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Current Membership
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AEGIS Program

• New Related Energy Members
• Year New Members
• 2000 47
• 2001 43
• 2002 (Through July) 20

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Related Energy Members

• Primary Program with Liberty Mutual
• Accounts
• Starting September 2000 12
• 2001 54
• As of September 1, 2002 75

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AEGIS Related Energy Focus

• Exploration and Production Operations (Oil and
  Gas)
• Lease Operations
• Owner Operators
• Oil and Gas Servicing Contractors
• Contractors whose primary business is services
  Rigs (Not Part-Time Contractors).
• Contractors whose primary business is Land Based
  Rigs.

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Directors and Officers Liability

• Underwriting Considerations
• Company Operations
• Electric/Gas
• Nuclear Electric
• Related Energy
• Merchant Power
• Trading Operations
• Telecom

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Directors and Officers Liability

• Underwriting Considerations
• Business Strategy
• Conservative (Traditional Utility)
• Moderate (Related Energy)
• Aggressive (Energy Trading, Unregulated)
• Financial Condition
• Merger Activity
• Stock Market Fundamentals
• Off Balance Sheet Financing

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Directors and Officers Liability

• Underwriting Considerations
• Board of Directors
• Inside vs. Outside Directors
• Committee Composition
• Conflict of Interest

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Financial Products

• Contingent Financing
• Provides post loss financing for risks
• Combined with risk transfer
• Captive Options
• Fronting, stop loss, risk funding
• AEGIS Solutions ( SAC )
• Deductible Options
• Evidence of Insurance to meet loan provisions,
  DIC
• Risk transfer or funding

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Committees and Task Forces

• Risk Management Advisory Committee
• International Risk Management Advisory Committee
• Claims Services Task Force
• Loss Control Task Force