The 2015-2016 private reinsurance companies and their respective A.M. Best Company (“A.M. Best”) and S&P ratings are listed in the table as follows.

Reinsurer	A.M. Best Rating			S&P Rating

UNITED STATES
American Agricultural Insurance Company		A-			NR
American Standard Insurance Company of Wisconsin		A			NR
Everest Reinsurance Company		A+			A+
Odyssey Reinsurance Company		A			A-
Partner Reinsurance Company of the US		A+			A+
QBE Reinsurance Corporation		A			A+
RLI Insurance Company		A+			A+
Transatlantic Reinsurance Company		A			A+

BERMUDA
ACE Tempest Reinsurance Ltd.		A++			AA
Allianz Risk Transfer AG, Bermuda Branch (obo Nephila)		A+			AA-
Allied World Assurance Company, Limited		A			A
Arch Reinsurance Limited		A+			A+
Argo Re Ltd		A			NR
Ariel Reinsurance Bermuda Ltd for and on Behalf of Ariel Syndicate 1910 (ARE)		A-			A+
Ascot Underwriting (Bermuda) Limited/AIG per AIRCO agreement		A			NR
Aspen Bermuda Limited		A			A
AXIS Specialty Limited		A+			A+
BGS Services (Bermuda) Limited/Lloyds Syndicate 2987		A			A+
Collateralised Re Ltd - LGT Capital		NR	*	**	NR
DaVinci Reinsurance Ltd.		A			AA-
Endurance Specialty Insurance Ltd.		A			A
Hamilton Re, Ltd.		A-			NR
Hiscox Insurance Company (Bermuda) Limited		A			NR
Horseshoe Re (obo Coriolis)		NR	*	**	NR
Markel Bermuda Limited		A			A
Partner Reinsurance Company Limited		A+			A+
Renaissance Reinsurance, Ltd.		A+			AA-
Securis Re II Ltd. Bermuda		NR	*	**	NR
Securis Re IV Ltd. Bermuda		NR	*	**	NR
Securis Re V Ltd. Bermuda		NR	*	**	NR
Tokio Millennium Re AG, Bermuda Branch		A++			AA-
XL RE Limited		A			A+

UNITED KINGDOM
A.F. Beazley Syndicate No. 623 (AFB)		A			A+
A.F. Beazley Syndicate No. 2623 (AFB)		A			A+
Amlin Syndicate No. 2001 (AML)		A			A+
Antares Syndicate No. 1274 (AUL)		A			A+
Ariel Syndicate No. 1910 (ARE)		A			A+
ARK Syndicate No. 4020 (ARK)		A			A+
Ascot Syndicate No. 1414 (ASC)		A			A+
Barbican Syndication No. 1955 (BAR)		A			A+
Canopius Syndicate No. 958 (CNP)		A			A+
Canopius Syndicate No. 4444 (CNP)		A			A+
Cathederal Syndicate No. 2010 (MMX)		A			A+
China Re Syndicate No. 2088 (CNR)		A			A+
Dale Underwriting Syndicate No. 1729 (DUW)		A			A+
Faraday Syndicate No. 435 (FDY)		A			A+
Hiscox Syndicate No. 0033 (HIS)		A			A+
Liberty Syndicates Services Limited, Paris for and on behalf of Lloyd's Syndicate No. 4472 (LIB)		A			A+
MAP Underwriting Syndicate No. 2791 (MAP)		A			A+
MAP Underwriting Syndicate No. 2791 (Parallel) (MAP)		A			A+
Novae Syndicate No. 2007 (NVA)		A			A+
Renaissance Re Syndicate No. 1458 (RNR)		A			A+
S.J.O, Catlin & Others No. 2003 (SJC)		A			A+
Vibe Syndicate No. 5678 (VSM)		A			A+

EUROPE
Amlin AG, Switzerland, Bermuda Branch		A			A
Hannover Rueck SE (obo Pillar Capital Management)		NR	*	**	NR
Lansforsakringar Sak Forsakringsaktiebolag (publ)		NR			A
SCOR Global P&C SE, Paris, Zurich Branch		A			A

ASIA
China Reinsurance (Group) Corporation		A			NR
Fubon Insurance Co., Ltd.		A			A-
General Insurance Corporation of India, trading as GIC Re		A-			NR
Peak Re		A-			NR
Pioneer CAT (obo Peak Re)		A-			NR
Pioneer CAT (obo Taiping)		A-			NR
Qatar Reinsurance Company LLC		A			A

* Reinstatement Premium Protection Program Participants

** Participant will fund a trust agreement for their exposure with cash and U.S. Government obligations of American institutions at fair market value.

The 2014-2015 private reinsurance companies and their respective A.M. Best and S&P ratings are listed in the table as follows.

Reinsurer	A.M. Best Rating			S&P Rating

UNITED STATES
American Agricultural Insurance Company		A-			NR
American Standard Insurance Company of Wisconsin		A			NR
AIG (National Union Fire Insurance Company of Pittsburgh, PA)		A			A+
Everest Reinsurance Company		A+			A+
Odyssey Reinsurance Company		A			A-
QBE Reinsurance Corporation		A			A+
RLI Insurance Company		A+			A+
Transatlantic Reinsurance Company		A			A+

BERMUDA
ACE Tempest Reinsurance Limited		A++			AA-
Allied World Assurance Company, Limited		A			A
Arch Reinsurance Limited		A+			A+
Argo Reinsurance Limited		A			NR
Ariel Reinsurance Bermuda Ltd for and on Behalf of Ariel Syndicate 1910 (ARE)		A-			A+
Aspen Bermuda Limited		A			A
AXIS Specialty Limited		A+			A+
BGS Services (Bermuda) Limited/Lloyds Syndicate 2987		A			A+
DaVinci Reinsurance Ltd		A			AA-
Endurance Specialty Insurance Limited		A			A
Hamilton Re, Limited		A-			NR
Hiscox Insurance Company (Bermuda) Limited		A			NR
Partner Reinsurance Company Limited		A+			A+
Platinum Underwriters Bermuda Limited		A			A-
Renaissance Reinsurance, Limited		A+			AA-
Securis Re III Limited Bermuda		NR	*	**	NR
Securis Re IV Limited Bermuda		NR	*	**	NR
Tokio Millennium Re AG, Bermuda Branch		A++			AA-
XL RE Limited		A			A+

UNITED KINGDOM
A.F. Beazley Syndicate No. 623 (AFB)		A			A+
A.F. Beazley Syndicate No. 2623 (AFB)		A			A+
Amlin Syndicate No. 2001 (AML)		A			A+
Antares Syndicate No. 1274 (AUL)		A			A+
Ariel Syndicate No. 1910 (ARE)		A			A+
ARK Syndicate No. 4020 (ARK)		A			A+
Ascot Syndicate No. 1414 (ASC)		A			A+
Barbican Syndication No. 1955 (BAR)		A			A+
Canopius Syndicate No. 958 (CNP)		A			A+
Canopius Syndicate No. 4444 (CNP)		A			A+
Cathederal Syndicate No. 2010 (MMX)		A			A+
Chaucer Syndicate No. 1084 (CSL)		A			A+
Dale Underwriting Syndicate No. 1729 (DUW)		A			A+
Faraday Syndicate No. 435 (FDY)		A			A+
Hiscox Syndicate No. 0033 (HIS)		A			A+
Kiln Syndicate No. 510 (KLN)		A			A+
Liberty Syndicates Services Limited, Paris for and on behalf of Lloyd's Syndicate No. 4472 (LIB)		A			A+
MAP Underwriting Syndicate No. 2791 (MAP)		A			A+
MAP Underwriting Syndicate No. 2791 (Parallel) (MAP)		A			A+
Novae Syndicate No. 2007 (NVA)		A			A+
S.J.O, Catlin & Others No. 2003 (SJC)		A			A+

EUROPE
Amlin AG, Switzerland, Bermuda Branch		A			A
Hannover Rueck SE (obo Pillar Capital Management)		NR	*	**	NR
Lansforsakringar Sak Forsakringsaktiebolag (publ)		NR			A
SCOR Global P&C SE, Paris, Zurich Branch		A			A

ASIA
China Reinsurance (Group) Corporation		A			NR
Qatar Reinsurance Company LLC		A			A

* Reinstatement Premium Protection Program Participants

** Participant will fund a trust agreement for their exposure with cash and U.S. Government obligations of American institutions at fair market value.