Environmental Presentation 1 26

• 1. Stand on Ironshore At the end of 2006, our Team created Ironshore, a diversified specialty commercial insurance enterprise with experienced management, a highly skilled staff, and a superior balance sheet, with no legacy costs or burdens.Ironshore is strong and ready to bring needed capacity and expertise to any size disaster. AM Best Rating:A- (Excellent) Financial Size Category:XI

2. Ironshore Environmental

• Ironshore Environmental was established to meet the Environmental and Environmental Casualty needs of Middle Market Commercial clients.

• Ironshore Environmentals Management and Regional Teams are staffed with a seasoned production underwriting staff with the knowledge and experience to help you develop a risk management approach that will best fit the needs of your company.

• Ironshore Environmentals offices are strategically placed to best serve middle market clients throughout the United States.

• Our Product and Services have been developed by and for clients without a full time risk manager.Let us be there for you!

3. Ironshore Environmental Offices

• NY Office:1 Exchange Plaza, 12 thFloor, New York, NY10006

• Chicago Office:300 S. Wacker, Ste 1610, Chicago, IL60606

• Houston Office:5847 San Felipe, Ste 1700, Houston, TX77057

• LA Office:515 Flower St., 36 thFloor, Los Angeles, CA90017

• Phoenix Office:2999 N. 44 thSt., Ste 250, Phoenix, AZ85018

• St. Louis Office:111 Westport Plaza, Ste 600, St. Louis, MO63146

4. Ironshore EnvironmentalWest Coast HUB

• Beth Mineau, CPCU

• Vice President, Western Region

• [email_address]

• P:213.236.3719

• C:213.300.8015

• Ever Benitez

• Senior Production Underwriter

• [email_address]

• P:213.236.3721

• C:213.447.7725

• Charles Clark

• Senior Production Underwriter

• [email_address]

• P:213.236.3722

• C:213.448.2622

• Jose Barajas

• Production Underwriter

• [email_address]

• P:213.236.3720

• C:213.448.4554

5. Ironshore EnvironmentalCentral

• Maureen Lanty

• Vice President, Midwest Manager

• [email_address]

• P:312.237.3484

• C:224.475.8620

• Mark Hayes

• Senior Production Underwriter

• [email_address]

• P:312.237.3485

• C:312.402.8332

• Bob Newmarker

• AVP, Production Underwriter

• [email_address]

• P:312.237.3487

• C:312.806.2766

• Michael Delmore

• Vice President, Midwest Manager

• [email_address]

• P:314.275.9192

• C:314.542.3111

6. Ironshore Environmental South

• Marilyn Hattier

• Vice President, Southeast Region

• [email_address]

• P:713.821.1383

• C:713.471.6071

• Matt Smith

• Production Underwriter

• [email_address]

• P:713.821.1384

• C:713.306.5478

• Brandon Reynolds

• Senior Production Underwriter

• [email_address]

• P:713.821.1382

• C:713.449.2857

7. Ironshore Environmental East

• Toby Smith Karen Reilly

• Vice President, Legal Council Senior Production Underwriter

• [email_address] [email_address]

• P:646.826.6778P:646.826.6782

• C:646.717.0986 C:646.704.2048

• Jesse Lasko Patrick Grassl

• Vice President, Northeast Mgr Senior Production Underwriter

• [email_address] [email_address]

• P:646.826.6783P:646.826.6780

• C:646.884.2908C:646.334.6804

• Dan McGee Todd Smith

• Senior Production Underwriter AVP, Production Underwriter

• [email_address] [email_address]

• P:646.826.6779 P:213.236.3723

• C:646.468.0362 C: 646.717.0990

8. Ironshore Environmental Management

• Joe Boren, CEO John OBrien President

• [email_address] [email_address]

• P:646.826.6775 P:646.826.6776

• C:646.283.8406 C:646.283.4068

• Angela Goodyear, Executive Assistant

• [email_address]

• P:646.826.6777

• C:646.704.2132

• Stacey VarnerToby Smith

• Senior Vice PresidentVice President

• Product Specialist Legal Council, Northeast Manager

• [email_address] [email_address]

• P:480.455.2090 P:646.826.6778

• C:480.455.2090 C:646.717.0986

9. IronEnviro EPIC Pac

• Commercial GL and Pollution Liability

• • GL

• • Hostile Fire

• • Sudden Pollution Liability

• • Product Pollution

• • Pollution from Transported Cargo

• • Contractors Pollution

• • Pollution from Non-Owned Locations

• • Personal Injury

• • Advertising Injury

• • Medical Payments

• Site Pollution Liability

• • Site Specific Environmental Impairment Liability including coverage for:

• • • On and Offsite Cleanup Costs

• • • Emergency Response Expenses

• • • Third Party Claims

• • • Business Interruption

• Professional Liability

• • Limited Professional with BI and PD Coverage included

• • Optional Full Professional including Economic Damages

10. IronEnviro Package

• Broad Named Insured Coverage, if more than 50% ownership

• Broad Additional Insured Coverage with non-contributory provisions respects to other insurance

• Per Location and Per Project General Aggregate

• Newly Acquired Entity Coverage up to 180 Days

• No Premium Audit Provision

• No Non-Owned Watercraft Limitation

• Hired Non-Owned Aircraft Coverage With Paid Crew

• Unknown Underground Storage Tank Coverage

• Blanket Non-Owned Location Coverage

• Bodily Injury and Property Damage for Lead and Asbestos included in form (Clean Up Costs for Lead and Asbestos in soil and groundwater also included)

• Natural Resource Damage included in definition of Property Damage

• Microbial Matter included in the definition of Pollution Conditions

• No automatic Silica Exclusion

• $25MM Capacity XS of Primary

11.

• • Paint and Coatings

• • Food Additives

• • Personal Care Products

• • Soap/Detergent

• • Color or Pigment

• • Fertilizer/Herbicide/Pesticide

• • Chemical Warehousemen

• • Waxes/Polishes

• • Asphalt

• • Fuel Additives (Ethanol/Biodiesel)

• • Lubricants and Oils

• • Ink

• • Plastic or Rubber Goods

• • Membranes or Liners

• • Floor Covering

• • Resin

• • Metal Working

• • • Surface Finishing

• • • Foundries

• • • Metal Goods Mfg

• • Adhesives/Sealants/Caulking

• • Wood Preserving

• • Paper/Paper Mill

• • Cement or Plaster

• • Interior Building Finishing materials (wallboard, interior wood trim, tile, lighting)

• • Pollution Treatment or Monitoring/Control Equipment

• • Auto, Aircraft, RV and Watercraft Parts

• • Abrasives

• • Electrical Parts

• • Textiles

• • Quarries

• • Waste Treatment, Recycling, Storage or Disposal Facilities

• • Packaging/Containers

• • • Aerosol Containers/Fillers

• • • Storage Tanks (UST/AST)

• • • Drums (including Reconditioning)

IronEnviro Package Target Classes 12. IronEnviro Package Target Classes

• Environmental Contractors/Consultants

• • Asbestos/Lead/Mold Abatement/Assessment

• • Emergency Response/Haz-Mat, including soil excavation and bio-remediation

• • Underground and Aboveground Storage Tank installation/maintenance/removal

• • Waste Arranging/Brokering

• • Regulatory Permitting

• • Environmental Lab Analysis

• • Environmental Agency Construction or Project Management

• • Environmental Risk Assessments:Phase I, II & III

13. IronEnviro Site Liability Coverage

• Environmental Site Liability Coverage:

• • New and Pre-existing Conditions

• • On and Off Site Bodily Injury, Property Damage and Cleanup Costs

• • Mold Matter and Legionella Included in the Definition of Pollution Conditions

• • Natural Resource Damages Included in the Definition of Property Damage

• • Blanket Non-Owned Disposal Site Coverage

• • Business Interruption Coverage Available by Endorsement

• • Capacity: $25,000,000

14. IronEnviro Contractors Pollution Liability Coverage

• Contractors Pollution Liability Coverage:

• • Coverage Written on an Occurrence Basis

• • Mold Matter and Legionella Included in the Definition of Pollution Conditions on an Occurrence Basis

• • Blanket Non-Owned Disposal Site Coverage

• • Emergency Response Expense Coverage

• Capacity:$25,000,000

15. IronEnviro Follow Form XS Liability

• Follow form coverage with limits up to $25 million

• Coverage over approved carriers of environmental insurance.

• Following form offerings are available over Contractors Pollution, site Pollution or Professional Liability coverage forms or in combination with General Liability.

16. Value First Services

• Enviro911

• • Local, Licensed Environmental Contractors with pre-approved, negotiated rates available on demand with no middle man

• • Included at no cost with every policy

• Claims

• • Nationally recognized panel council

• • Extensive, relevant insurance experience within large national Insurance carriers

• • Experienced TPA with expertise in Auto, WC and General Liability claims

• Consultants Network

• • National Network of Environmental Consultants available for a multitude of services to support clients risk management activities

• • Regulatory Compliance

• • Loss Control Plan Review and Development

• • Mold Awareness Training

17. Environmental Claims Examples of What Can Happen 18. Products Pollution 19. Products Pollution

• Industrial Cleaning Supply Mfg sold a cleaning product to an industrial manufacturing facility.A fire ensued at that facility (their client) causing water runoff from the firefighting efforts.The water runoff entered a nearby reservoir, prompting the EPA and Department of Fish and Game to become involved.As there was no pollution coverage on the clients burnt facility, the EPA solicited recovery of the cleanup costs from every company who had sold product or raw materials to that facility.The Industrial Cleaning Supply Manufacturers initial costs were upwards of $100,000.There will be much defense involved in this as well due to the number of parties involved and the discussions involving sharing of costs.

20. Runoff/Effluent

• Industrial Detergent manufacturer responsible for cleanup of 4 miles of the LA River after water runoff from a recent fire increased the PH balance of the river from 7 to 14.

21. Runoff/Effluent

• Oil Refinery responsible for $650,000 cleanup after wastewater discharged from the refinery was found to contain selenium levels higher than the states hazardous waste allowable levels of 1.0Mg per liter for soluble selenium.

22. Contractors Pollution

• Industrial Painting Contractor providing lead abatement and recoating work on bridge found responsible for $35,000 cleanup after generating hazardous waste and lead-contaminated paint residue through its work on the bridge and releasing and disposing of lead and zinc based residues on the ground.

• Home Builder responsible for generating particle pollution via dust generated from their construction site.Allegations include aggravated asthma, and various respiratory problems due to the complex mixture of extremely small particulate matter and liquid droplets in the air.

23. Air Releases

• Deli/Packaging plant fined $36,400 for releasing over 4,000 pounds of ammonia into the air due to equipment failure.

• Cement batch plant facility charged with air emissions violations and exceeding nitrogen oxide limits for 2 years and emitting 1,500 tones of harmful nitrogen oxide into the air.

24. Contractors/Consultant Pollution

• Environmental Consultant hired to determine asbestos levels in a building set for demolition deems the levels of asbestos found in the building are under the actionable level and not hazardous upon demolition.Rubble from the building is utilized for fill and path areas of a local zoo where asbestos is found in the rubble prompting a $2.4MM cleanup and refill.

25. Soil Contamination

• Recycling facility responsible for $210,000 cleanup of soil contaminated with Polychlorinated biphenyls (PCBs) and metals from a site adjacent to a high school.

• $250,000 cleanup ordered after chromium contamination found near a local plating/metal finishing company.

26. Legionella 27. Legionella

• 200 people became ill and at least 32 died after being exposed to the bacteria growing in a whirlpool and humidifier at a flower show in The Netherlands.

• 30 people became ill and at least 3 died in suburban Detroit after being exposed to the bacteria spewing from an HVAC system of a local meat market.In this first ever case of Legionella in a non-enclosed area, the local newspaper quoted a source as stating that the Legionella bacteria in the HVAC system was as thick as Legionella soup.

• Over $1MM claim paid for Pollution Legal Liability when Legionella was found in the spa tubs of a casino and an elderly couple died.

28. Non-Owned Locations 29. Non-Owned Disposal Sites 30. Non-Owned Locations/Disposal Sites

• CA Oil Company responsible for $1.45MM cleanup costs at 3 disposal sites where oil refinery wastes and other possible hazardous substances were sent.

• Plating Company cited for hazardous waste violations, including shipping hazardous waste to a standard landfill instead of a hazardous waste landfill,and fined $467,500.

• Personal Care Product Mfg responsible $150,000 for cleanup of illegally disposed waste.

• Chemical Distributor deemed responsible for $300,000 in their share of cleanup at drum cleaning facility.

• Electronics Mfg allegedly responsible for disposing of Universal Waste at non-permitted facility.

• How do your clients interact with other facilities/locations?

31. Pollution from Transported Cargo

• Chemical Distributor closes down the 405 freeway 1 day after the holiday when truck overturns carrying totes of anhydrous ammonia.

• Truck carrying drums of printers ink tips over on a bridge over a stream causing cows downstream to give purple milk after drinking the water.

• Fuel truck hits overpass and explodes shutting down 4 lanes of highway and blocking the tunnel.Runoff from the firefighters putting out the fire flows into a nearby water reservoir.

32. Liability Just Because You Were There!

• • $12.5MM Cleanup at Superfund Site

• • US EPA and US Department of Justice settle for a total of $12.5MM with 39 parties for cleanup of Superfund site.

• • 13 parties, including one with a prior No Further Action notice from the EPA, share $9.2MM (approximately $708,000 per party) based on their ability to pay and their past and present payments for the site.

• • 26 parties demonstrating limited financial means (ie no insurance) to pay for the groundwater cleanup share $3.3MM (approx. $127,000 per party).

• • Parties included family trusts, manufacturers, individuals, building owners and a utility company.

• • Do your clients have an extra $127,000 to relinquish?