QBE Insurance Group Ltd. (Reinsurance Division)

82 Pitt St., Sydney 2000, Australia; 61-2-9375-4444; 61-2-9235-3166

www.qbe.com.au

1997* 1996*

Prem. written $506,501,400 $272,619,900

Prem. earned $420,246,800 $260,106,700

Capital/surplus $350,727,000 $249,882,500

Net income $84,925,200 $52,112,900

Losses $289,340,000 $173,429,900

Loss ratio 68.8% 66.7%

Expenses $113,155,400 $76,452,600

Expense ratio 26.9% 29.4%

Combined ratio 95.7% 96.1%

Treaty 69.2% 76%

Facultative 30.8% 24%

Domestic 6% 7.6%

Foreign 94% 92.4%

Non-life 100% 100%

* Fiscal years ending 6/30/97 and 6/30/96.

Founded: 1886.

Subsidiaries: QBE Corporate Ltd., London; QBE Insurance & Reinsurance (Europe) Ltd., Dublin, Ireland; QBE International Insurance Ltd., London; QBE Reinsurance (UK) Ltd., London; Sydney Reinsurance Co., Sydney, Australia and Singapore; Sydney Reinsurance Corp., New York.

Employees: 301.

Locations: One domestic, six foreign.

Officers: Frank O'Halloran, managing director/CEO; Bob Grant, general manager-European operations; Greg O'Neill, general manager-Sydney Reinsurance Co.; Abe Altman, president/CEO-Sydney Reinsurance Corp.; Brian Cotterill, group manager-reinsurance portfolios.

Contact: Timothy Kenny, senior vp/CFO-Sydney Reinsurance Corp., 212-225-7500.

R

Reinsurance Group of America Inc.

660 Mason Ridge Center Drive, St. Louis, Mo. 63141; 314-453-7300;

fax: 314-453-7307

www.rgare.com

1997 1996

Prem. written* $835,500,000 $674,900,000

Prem. earned $835,500,000 $674,900,000

Capital/surplus $499,300,000 $425,600,000

Net income $54,600,000 $55,100,000

Losses $750,100,000 $560,400,000

Loss ratio NA NA

Expenses $176,500,000 $136,500,000

Expense ratio 21.1 20.2

Combined ratio 110.9 103.2

Treaty 60% 56%

Facultative 40% 44%

Domestic 78% 81%

Foreign 22% 19%

Life 89% 92%

Non-life 11% 8%

* Estimate.

Founded: 1973.

Parent: GenAm Corp.

Subsidiaries: RGA Life Reinsurance Co. of Canada; RGA Reinsurance Co.; RGA Reinsurance Co. of Australia Ltd.

Employees: 319.

Locations: One domestic, 10 foreign.

Specialties: Life reinsurance, financial reinsurance.

Officers: A. Greig Woodring, president/CEO; David B. Atkinson, executive vp/COO; Jack B. Lay, executive vp/CFO; Graham S. Watson, president/CEO-RGA International; Bruce Counce, executive vp/chief corporate operating officer.

Contact: Paul A. Schuster, senior vp-U.S. division, RGA Reinsurance Co.; 314-453-7310.

Renaissance Re Holdings Ltd.

Renaissance House, 8 E. Broadway, Hamilton HM 19, Bermuda; 441-295-4513; fax: 441-292-9453

www.renre.com

1997 1996

Prem. written $195,752,000 $251,564,000

Prem. earned $211,490,000 $252,828,000

Capital/surplus $598,703,000 $546,203,000

Net income $139,249,000 $156,160,000

Losses $50,015,000 $86,945,000

Loss ratio 23.7% 34.3%

Expenses $50,358,000 $42,893,000

Expense ratio 23.8% 17%

Combined ratio 47.5% 51.3%

Treaty 100% 100%

Foreign 100% 100%

Non-life 100% 100%

Founded: 1993.

Parent: Renaissance Re Holdings Ltd.

Subsidiaries: Renaissance Reinsurance Ltd.

Employees: 34.

Locations: One domestic, one foreign.

Specialties: Catastrophe excess of loss, property, excess of loss retrocessional, marine, aviation.

Officers: James N. Stanard, CEO/chairman; Keith S. Hynes, David A. Eklund, William I. Riker, executive vps; John M. Lummis, senior vp/CFO.

Contact: John M. Lummis.