3. Specialty Insurance Leader_Alliant

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2011 Alliant Insurance Services, Inc. All rights reserved.

Alliant: The specialty insurance leader.

Renewable Energy Practice

Risk Advisory ServicesKen Caldwell

October 2011


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Agenda

Alliant Profile

Risk Advisory Services

Financial Partner Blackstone Group

Renewable Energy Group

Solar Insurance Solutions

Lender Advisory Services

Tribal First Program


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Corporate Profile

Premium Volume and Revenue

$4.5 billion in premiums (2010)

$436 million in revenue (2010)

Company Statistics

Founded in 1925

Headquartered in Newport Beach, California

58 offices in 23 states

1,436 employees

350 carriers represented


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Alliant Services

Corporate and Project Risk Advisory Services

Brokerage for property and casualty, workers

compensation, employee benefits, surety, and

financial services Benefits consulting Brokerage

Underwriting for proprietary programs

Claims and risk control services

Human resources consulting Third-party administration


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Financial Partner: The Blackstone

Group

Blackstone was founded in 1987

Blackstone currently manages

private equity assets of more

than $24.3 billion

Currently managing its fifthgeneral private equity fund,

Blackstone Capital V L.P.

partners, which represents

approximately $20 billion

Since inception, achieved gross

IRR on private equity

investments of 30.8%,

representing a return of 2.6

times invested capital

Relevant Blackstone financial services acquisitions ($mm)

Overview
http://www.arielre.com/http://www.aspen.bm/http://www.axiscapital.com/http://www.euronext.com/


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Alliant Renewable Energy Group

The Alliant Renewable Energy Group is a dedicated practicethat developed a network of dedicated renewable energy

companies who are experts in the provision of risk solutions

for Solar Power, Wind Power, BioEnergy and a variety of

other sources of alternative energy operations

Alliant draws on years of energy risk management

experience and knowledge that is unique to risks associated

with alternative energy companies

Our Renewable Energy Group provides solutions that range

from conventional property, casualty, and product coverages

to non-traditional strategies to address the need of

renewable energy risks


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Renewable Energy Group Products

Insurance Products:

General Liability

Commercial Auto

Workers Compensation

Excess Liability

Professional Liability

Builders Risk

Inland Marine /

Equipment Floaters

Pollution Liability

Specialty Products:

Solar Performance

Guarantee Insurance

Solar Panel Warranty

Products Liability forManufacturers

Wind Power and Wind

Energy

Geothermal Energy


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Options for Solar Panel WarrantiesCoverage Detail Option 1 Option 2

Est. Annual Production $100,000,000 $100,000,000

Policy Period Production $25k per Occurence / 500,000Policy Agg. Deductible* 2%-3% of Turnover Deductible(~$2m-$3m)Quota Share Deductible 10% Quota Share Deductible 20% Quota Share Deductible

Policy Term 25 years 25 years

Coverage Detail Coverage Effective Day 1 No Coverage for first 2 years

Unplanned Degradation Covered Covered

Defective ComponentsDesign Serial Defect

CoveredCovered

Not CoveredNot Covered

Premium 20-25% of Limits purchased ** Policy Period and AnnualAggregate deductibles areconsidered.

Based on 2%-3% of AnnualProduction

* $10,000,000 Limit cost approx$2m-$2.5m for 25 year term.


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Guarantees the Output of the Solar Energy Project

Policy is Non-Cancellable

Policy Survives Bankruptcy and is Transferable

Policy Covers Loss of Business Revenue and TaxCredits

Flexible Self Insured Retention (SIR) structure

Covers Costs Associated with Non-Performing or

Underperforming Systems

Lender Geared Policy Language written on A.M.

Best A XV Paper

Solar Project Wrap-Up Insurance


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Solar Project Wrap-Up Insurance (Cont)

Product and Serial Defect in PV Modules Inverters Racking Systems Trackers

Loss of Revenue PPA SRECs

Design Defect

Yes Installation and Construction Defect

Power Output

Installation and Construction Defect

Lack of Sun

Yes

Yes

Yes

Yes*

Yes

Yes

*Lack of suncoverage appliesin various casesonly

2011 PowerGuard Specialty Insurance


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Debt Lenders Due Diligence Services

Independent Review to protect lender investment

Private Equity Insurance Due Diligence

Public Private Partnership Due Diligence Energy Sector (Solar, Wind)

Infrastructure Sector (Roads, Bridges, Tunnels)

50% Market Share of Due Diligence

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Tribal First Program(Potential Tribal Solar

Ventures)

The Tribal First Insurance Program is uniquely crafted for

the risk and exposures faced by tribal entities

The program has grown to over 300 Tribal clients,

representation over 125 different Native American Tribes.

Tribal Insurance Programs consists of primarily General

Liability, Property, and Workers Compensation insurancecoverages


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Alliant: The specialty insurance leader.

3. Specialty Insurance Leader_Alliant

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