Winterthur Group

Gruzefeldstrasse 41, Winterthur CH-8401, Switzerland; 41/52/261-1111; fax: 41/52/261-5810

www.winterthur.com

1997 1996

Prem. written $825,119,094 $1,091,015,661

Prem. earned* $16,818,145,500 $18,824,361,500

Capital/surplus* $5,459,636,000 $4,163,621,000

Net income* $519,368,200 $484,690,500

Losses* $10,317,361,600 $11,383,505,000

Loss ratio* 76.4% 74.9%

Expenses* $3,560,338,600 $4,143,174,000

Expense ratio* 28.9% 29.8%

Combined ratio* 105.3% 104.7%

Treaty 90% 90%

Facultative 10% 10%

Domestic 1% 1%

Foreign 99% 99%

Life 30% 34%

Non-life 70% 66%

* Figures are consolidated and reflect all insurance services.

Founded: 1875.

Parent: Credit Suisse Group.

Subsidiaries: Winterthur Life Re/Republic Vanguard Life, Dallas; Winterthur Reinsurace Corp. of America, New York.

Employees: 277.

Locations: One domestic, four foreign.

Specialties: Non-life: credit, surety, aviation, liability, engineering, agricultural risks, structured reinsurance. Life: investment products, annuities, major medical, financial, direct marketing.

Officers: Bruno Meyenhofer, corporate executive board member/head of reinsurance; Kurt Angst, head of underwriting (non-life), Winterthur Re; Henry Atzenucile, head of marketing-Winterthur Re; Kurt H. Roth, head of life reinsurance-Winterthur Re.; Hardial Singh, reinsurance manager-Singapore branch.

Contact: Gordon A. Jardin, president-Winterthur Life Re, 214-555-1800; Robert C. Wood, president-Winterthur Re, 212-416-5700.

X

XL Mid Ocean Reinsurance Co. Ltd.*

P.O. Box HM 1066, Hamilton HM EX, Bermuda; 441-292-1358; fax: 441-292-0876

www.midoceanre.com

1997** 1996**

Prem. written $505,483,000 $525,672,000

Prem. earned $486,741,000 $436,097,000

Capital/surplus $1,372,961,000 $1,117,199,000

Net income $245,008,000 $211,644,000

Losses $216,171,000 $211,888,000

Loss ratio 44.4% 48.6%

Expenses $139,855,000 $104,527,000

Expense ratio 28.7% 24%

Combined ratio 73.1% 72.6%

Treaty 100% 100%

Foreign 100% 100%

Non-life 100% 100%

** Fiscal years ending 10/31/97 and 10/31/96.

Founded: 1992.

Parent: Mid Ocean Ltd.

Subsidiaries: Mid Ocean Reinsurance Co. Ltd., The Brockbank Group P.L.C.

Employees: 265.

Locations: Four foreign.

Specialties: Property catastrophe, property excess-of-loss, property pro rata, marine and energy, aviation and satellite.

Officers: Robert J. Newhouse Jr., chairman; Michael A. Butt, president/CEO; Charles F. Hays, senior vp/CFO; Henry C.V. Keeling, president/COO/chief underwriting officer-Mid Ocean Reinsurance Co. Ltd.; Mark E. Brockbank, CEO of The Brockbank Group P.L.C.

* XL Global Re and Mid Ocean Re merged to form XL Mid Ocean Reinsurance Co. Ltd. on Aug. 10, 1998; all information reflects Mid Ocean Ltd. only.