« Local knowledge – worldwide network » 1 Welcome to WBN Global A Global Association.

« Local knowledge – worldwide network » 1

Welcome to WBN Global

A Global Association


History of WBN• 1989: IBN Founded in Europe. The 9 founding members were:

KR Chapman Sagese (Spain), Jean Crab et ses fils (Belgium), Corporate Risk (Scotland), Favre Maurer (France), Alec Finch Group (England), Frank Glennon (Ireland), Graffner (Netherlands), Kiefhaber (Austria), Suedvers Gruppe (Germany).

• 1994 -1995:

US Partners Formation and Affiliation with IBNIBN changes name to Worldwide Broker Network

• 1995: Infrastructure established- Executive Director, Board of Directors, - Trademark, Name Change, Meeting Structure, Service Standards

• 1995 – Present: WBN has evolved into a unified, technology driven global insurance services association with members in 100 countries around the world.


Mission Statement

“To be the premier Worldwide

Independent Insurance Brokerage

Network that, through its owners,

members, and staff, delivers outstanding

and consistent Global Insurance

Services to their customers.”


Worldwide Broker Network (WBN)

The Worldwide Broker Network (WBN) is the world’s largest fully integrated network of independent Property and Casualty and Employee Benefits Brokers in the world.

•Design and service international Property Casualty and Employee Benefit insurance programmes

•Market and arrange all classes of insurance coverage

•Provide risk management consulting services

•Manage your insurance program objectives around the world

•Manage your International Program via WBNet our proprietary global technology system


A Global Association

WBN is a collaborative network, independently owned

• in more than 100 countries throughout the world

• serviced by 15,000 professionals

• Placing $28 Billion in premiums in the global insurance market

Partner firms are represented in:

• North America

• South / Central America

•Middle East/ Africa

• Western Europe / Eastern Europe/ Scandinavia

• Asia / Pacific


Our Strengths

• Over 20 years of WBN Member-to-Member loyalty and responsiveness

• Highest level of service to all clients of any size, industry or location

• Technology enabled global management and delivery system customized for our clients

• Insurance Broker and client teams without boundaries

• Mandatory service standards within the network

• 360 Degree Peer Review of WBN Members

• Client objectives clearly communicated and executed at all worldwide locations


Comprehensive Expertise

Property/Casualty• Property damage• Casualty• Business interruption• Machinery breakdown• Motor• Liability

Specialties• Marine/Cargo, Aviation• Construction/Erection• Reinsurance

Financial Lines• Professional Liability/E&O• Directors & Officers• Trade Credit• Kidnap & Ransom• Fraud & Crime

Employee Benefits• WBN Global Benefit Consulting• Workers’ Compensation• Health Care• Pension/ Retirement• Employment & Severance Terms• Local Perquisite & Incentive Advice


Value of an Independent Network

Privately Owned Brokers value Clients over Public Stockholders

You have direct Access to the Owners and Senior Management of our WBN Partners

Expense structure allows your company and the WBN to match our income to the level of service delivered locally

Incoming business both large and small treated the same: with HIGH priority

Powerful web-based collaboration system with no additional technology license fees

Detailed International Service Instructions are developed and deployed to meet client needs

We are driven to satisfy our Client’s needs, not the needs of Public Stockholder’s and Investment Markets

Your company’s relationships at Senior levels improves the quality and consistency of local service

Owned networks often carry minimum fees per country that inflates broker’s compensation

Owned networks place higher priority on indigenous income producing business

Data and information services are often offered subject to additional user fees

Standard service levels established corporately with little local flexibility allowed

Client Benefits vs Owned Network Approach

Flexible Network structure allows you to work within or outside of the WBN network to match your needs

Owned networks often require clients to work exclusively within their network structure

Why companies value an independent Network?

WBN firms have low management and employee turnover due to corporate and network structure

Consistent level of client service on both a local and global basis


Supported by our Sponsors:


WBN International Benefits

• WBN members have ready access to information, advice and direction on international benefits.

• Strong employee benefit member attendance at WBN Global Conferences

• U.S. based International Benefits Consulting Facility (Starboard International, Inc.)

• Member sharing of international benefit survey & data

• Ability to manage a client’s global benefits strategy & programs

• Proprietary products for member distribution

• Committed to servicing individual to large employee groups


Structure of WBN

WBN Board of Directors

WBN Board of Directors

WBN CEO Bruce Basso

European Partners (4)

South Central America (2)

Asia (3) Middle East Africa (1)

Employee Benefits (2)

US Partners (4)

Administration DirectorSchyler Tollmann

Director Member ServicesDiana Lipka

Managing Director Employee BenefitsAndrew Sterngold


Damien HonanEx-officio, Australia

Neil MorrisonChairman, Canada

Florian KarleDeputy Chairman, Germany

Bruce BassoChief Executive Officer

Ajit Singh Dhingra Director, India

Stefan ThurnherrDirector, Switzerland

José CondutaRegional Head, Brazil

Pavel NepalaDirector, Czech Republic

Michel SchaftTreasurer

Alec FinchSecretary, United Kingdom

OWNERS COUNCIL

Scott StewartDirector, USA

Markham McKnightDirector, USA

ndrew SterngoldManaging Director, International Benefits

BOARD OF DIRECTORS*

José CondutaRegional Head, Brazil

Eva Madsen * Ken Maw*Director, Denmark Director, Dubai

Jose Conduta* Markham McKnight*Director, Brazil Vice Chairman, USA

Daniel De Swaan* Neil Morrison*Director, Treasurer, Netherlands Chairman Ex-Officio, Canada

Ajit Dhingra* Jack Sha*Director, India Director, Greater China

Alec Finch* Andrew SterngoldOfficer -Secretary, London Managing Director, Employee

Benefits

Damien Honan* Steve Hylant*Director, Australia Director, USA

Florian Karle* Stefan Thurnherr*Chairman, Germany Director, Switzerland

Ryan Bailey James Watt* Finance, Canada Director, Employee Benefits

Bruce BassoChief Executive Officer, WBN


WBN Membership Criteria

• Cross referenced recommendations from the Insurance Brokerage or Carrier Community and/or a current WBN member. Membership review and approval by WBN Board of Directors and Owners Required.

• A member must be able to offer Property/ Casualty and/or Employee Benefit consulting services, be representative of the market in which they operate, and viewed by their peers as a Tier 1 competitor.

• Adhere to the WBN:

• Articles of Association

• Service Standards

• Membership Agreement

• Be a Member in Good Standing


What WBN does for our customers

JIŘINA NEPALOVÁRENOMIA, CZECH REPUBLIC

”Production chains for industrial goods know no borders. Even a short interruption at one factory can entail disruptions in several countries. We rely on our network to manage all the associated risks.”



”Indian merchandise and services worth billions of dollars are sold abroad every day. Together with our partners, we can guarantee that the exporting companies are insured against material damage and liability claims the world over.”

AJIT SINGH DHINGRA PRUDENT, INDIA


”In today’s global business world, all major construction projects are transnational. Without the reciprocal support within the WBN, it would be impossible to evaluate all the risks and to cope with the local requirements.”


JOSE ROBERTO CONDUTA HARMONIA, BRAZIL



”China is involved with construction projects on all continents. They range from small-sized manufacturing to huge infrastructure projects. Our customers rely on the local knowledge that we can tap into via the WBN.”

JACK SHA WISE, CHINA



”Our customers often send expert teams on site around the globe. Thanks to WBN, our international packages allow these short and long-term expats an almost seamless transition between their workplaces.”

NEIL MORRISON HKMB HUB INTERNATIONAL, CANADA


"Having worked with ABD and their Worldwide Broker Network (WBN) as well as some of the largest institutional brokers in the world, I have become a strong advocate of ABD‘s network approach. The WBN has developed a strong, independent and collaborative network of partners around the world."

Jenny Wampler

Corporate Risk Manager, Network Appliance

Testimonial


"WBN not only met our timeline but beat it by 30 days. The information provided was complete, accurate and detailed. Their personal, direct and timely interaction has made for an efficient and cost effective risk management and insurance programme.

I highly recommend the WBN."

Steve A. Stich,

ARMChief Risk Officer OshKosh Truck Corp.

Testimonial

« Local knowledge – worldwide network » 1 Welcome to WBN Global A Global Association.

Documents

worldwide broker network

independent network

collaborative network

global association wbn

worldwide locations

global association slide

global management

history of wbn