Reinsurance Program

• Safepoint entered the catastrophe bond market for the first time in 2015 to sponsor Manatee Re Ltd. (Series 2015-1), a $100m Florida named storm cat bond. Manatee Re 2016 expanded to $95m Class A and Class B. These are multiyear bonds.
• All of our Reinsurance carriers are approved by the FL and LA Departments of Insurance Regulation
• All of our Reinsurance Companies are A.M. Best Rated A or Better
• Safepoint retains no more than 12% of capital from a first event basis and 18% capital across two events;
• Safepoint purchased additional protection beyond Florida Hurricane Catastrophe Fund to allow for significant second event losses

2017 Reinsurer Key Financials

Location	Reinsurer Name	AM Best Rating	Surplus	Surplus Date	Domicile
Domestic	American Standard Insurance Company of Wisconsin	A	$343,136,000	12/31/16	Wisconsin
	Berkshire Hathaway Specialty Insurance Company	A++	$3,337,139,000	12/31/16	Nebraska
	Everest Reinsurance Company	A+	$3,635,121,000	12/31/16	Delaware
	Odyssey Reinsurance Company	A	$3,193,933,000	12/31/16	Connecticut
	Swiss Reinsurance America Corporation	A+	$3,352,300,000	12/31/16	New York
	The Cincinnati Insurance Company	A+	$4,685,962,000	12/31/16	Ohio
	Aspen Bermuda Limited	A	$2,296,210,000	12/31/16	Bermuda
	AXIS Specialty Limited	A+	$4,189,209,000	12/31/16	Bermuda
	Chubb Tempest Reinsurance Ltd.	A++	$7,050,570,000	12/31/16	Bermuda
	DaVinci Reins thru Renaissance U/W Mgrs	A	$14,512,141,000	12/31/16	Bermuda
	Endurance Specialty Insurance Limited	A+	$4,991,254,000	12/31/16	Bermuda
	Hamilton Re, Ltd.	A-	$1,561,400,000	12/31/16	Bermuda
	Markel Bermuda Limited	A	$2,189,649,000	12/31/16	Bermuda
	Partner Reinsurance Company Ltd.	A	$3,830,393,000	12/31/16	Bermuda
	Renaissance Reinsurance Ltd.	A+	$2,000,000,000	12/31/16	Bermuda
	XL Bermuda Ltd	A	$1,457,198,000	12/31/16	Bermuda
Continental Europe & Asia	Allianz Risk Transfer AG (Bermuda Branch) (Nephila business)	A+	$604,358,000	12/31/15	Liechtenstein
	MS Amlin AG, Bermuda Branch	A	$1,547,400,000	12/31/15	Switzerland
	Pioneer Underwriting Ltd. obo Peak Reinsurance Company Ltd.	A-	$841,138,000	12/31/16	Hong Kong
Collateralized Markets	Poseidon Re Ltd	A			Bermuda
	Rubik Reinsurance, Ltd.	A			Bermuda
United Kingdom	Liberty Specialty Markets, Paris obo Lloyd’s Syndicate 4472	A			United Kingdom
	Neon Underwriting Bermuda Ltd obo Lloyd’s Syndicate 2468	A	₤235,000,000	12/2/16	United Kingdom
	Lloyd’s Underwriter Syndicate No. 0382 HDU	A	₤330,000,000	11/30/16	United Kingdom
	Lloyd’s Underwriter Syndicate No. 1084 CSL	A	₤780,900,000	5/24/17	United Kingdom
	Lloyd’s Underwriter Syndicate No. 1458 RNR	A	₤293,300,000	12/1/16	United Kingdom
	Lloyd’s Underwriter Syndicate No. 1729 DUW	A	₤90,000,000	1/4/17	United Kingdom
	Lloyd’s Underwriter Syndicate No. 1955 BAR	A	₤378,600,000	11/30/16	United Kingdom
	Lloyd’s Underwriter Syndicate No. 2001 AML	A	₤1,850,000,000	5/24/17	United Kingdom
	Lloyd’s Underwriter Syndicate No. 2791 MAP	A		5/24/17	United Kingdom
	Lloyd’s Underwriter Syndicate No. 3334 HAM	A	₤32,000,000	12/2/16	United Kingdom
	Lloyd’s Underwriter Syndicate No. 5678 VSM	A	₤32,500,000	12/9/16	United Kingdom