P3 Protect Features and Benefits

This casualty package insurance product for P3 private SPV’s and concession companies includes the following lines of business: – General Liability– Completed Operations Liability– Auto Liability– Professional E&O Liability

P3 Protect can be custom tailored to meet the needs of each concession and it does not require a concessionaire to post letters of credit or other security. For the convenience of the concession, P3 Protect is offered on an excess-of-self-insured retention basis with coverage limits directly over the primary self-insurance. P3 Protect does not share limits between lines of business, but each coverage line of business stands as a separate limit of liability.

For more information, please contact:Jeffrey WelshSr Vice President, P3 Underwriting ManagerMunich Reinsurance America, Inc.(P) 312.993.8786(F) 312.993.8471jwelsh@munichreamerica.com

The time has come for a

P3 O&M Insurance Product

© Copyright 2017 Munich Reinsurance America, Inc. All rights reserved.

P3 Protect product is available through The Princeton Excess and Surplus Lines Company (PESLIC) or, in some states, American Alternative Insurance Corporation, both subsidiaries of the Munich Re America Corporation and affiliates of Munich Reinsurance America, Inc. based in Princeton, NJ. PESLIC is a surplus lines insurer and surplus lines coverage can only be placed by or through a licensed surplus lines producer or broker. Any inquiries concerning P3 Protect should be directed through a licensed surplus lines producer or broker. The information in this document is provided for general information purposes and it does not constitute an offer to sell or a solicitation of insurance. Moreover, this document is intended for surplus lines producers or brokers. Any descriptions of coverage contained in this brochure are meant to be general in nature, may not be available in every state, and do not include nor are intended to include all of the actual terms, benefits and limitations found in a reinsurance/insurance policy. The reinsurance/insurance policy and not this brochure will form the contract between the parties thereto, and governs in all cases.

Concession companies and Special Purpose Vehicles (SPVs) in P3 O&M concessions are challenged to assume an ever increasing burden of contract risk from public owners. This contractual “risk-shift” from owner to concessionaire can pressure an infrastructure operating company to assume more risk not easily insurable. Current insurance products have not kept up with the fast changing landscape of P3 O&M.

Munich Reinsurance America, Inc., through affiliated insurance carriers, introduces the first Operate & Maintain casualty insurance coverage innovation for the U.S. with its P3 Protect policy.

This innovative insurance product is specifically designed to address this “risk-shift” and close coverage gaps between the public owner’s insurance and the insurance coverage for the private operator of a P3. Along with critical ISO-based standard coverages for operating and maintaining infrastructure, we offer many coverages in the same policy that have not been previously available in the private insurance market.

In addition to standard coverages, P3 Protect offers many difficult-to-find coverages:

– Broad definition of an insured contract geared toward P3 O&M– Provides a sublimit for defense costs for orders of injunction– Third party discrimination coverage in the operation and maintenance

of infrastructure– Infrastructure security coverage including attendant civil rights liability– Drone coverage available– Comprehensive professional liability coverage– E&O coverage for architects and engineers in infrastructure maintenance– Special sublimit for property damage defense costs in an emergency

trespass to maintain underground water infrastructure– First and third party cyber liability coverage available– Includes broad coverage territory– Broad auto excess of self-insurance liability coverage on an any-owned

auto basis without requirement to schedule autos

P3 Protect is intended to provide specific limits of up to $10M per line of business, with separate aggregates excess of separate retentions as low as $25K.*

We believe P3 Protect will provide brokers with a solution to reduce their clients’ “risk-shift” gap with public owners. P3 Protect is the first casualty insurance product designed to reduce these risks during the O&M life cycle.*Subject to underwriting review.

P3 Protect Policy

Concession companies and Special Purpose Vehicles (SPVs) in P3 O&M concessions are challenged to assume an ever increasing burden of contract risk from public owners. This contractual “risk-shift” from owner to concessionaire can pressure an infrastructure operating company to assume more risk not easily insurable. Current insurance products have not kept up with the fast changing landscape of P3 O&M.

Munich Reinsurance America, Inc., through affiliated insurance carriers, introduces the first Operate & Maintain casualty insurance coverage innovation for the U.S. with its P3 Protect policy.

This innovative insurance product is specifically designed to address this “risk-shift” and close coverage gaps between the public owner’s insurance and the insurance coverage for the private operator of a P3. Along with critical ISO-based standard coverages for operating and maintaining infrastructure, we offer many coverages in the same policy that have not been previously available in the private insurance market.

In addition to standard coverages, P3 Protect offers many difficult-to-find coverages:

– Broad definition of an insured contract geared toward P3 O&M– Provides a sublimit for defense costs for orders of injunction– Third party discrimination coverage in the operation and maintenance

of infrastructure– Infrastructure security coverage including attendant civil rights liability– Drone coverage available– Comprehensive professional liability coverage– E&O coverage for architects and engineers in infrastructure maintenance– Special sublimit for property damage defense costs in an emergency

trespass to maintain underground water infrastructure– First and third party cyber liability coverage available– Includes broad coverage territory– Broad auto excess of self-insurance liability coverage on an any-owned

auto basis without requirement to schedule autos

P3 Protect is intended to provide specific limits of up to $10M per line of business, with separate aggregates excess of separate retentions as low as $25K.*

We believe P3 Protect will provide brokers with a solution to reduce their clients’ “risk-shift” gap with public owners. P3 Protect is the first casualty insurance product designed to reduce these risks during the O&M life cycle.*Subject to underwriting review.

P3 Protect Policy

P3 Protect Features and Benefits

This casualty package insurance product for P3 private SPV’s and concession companies includes the following lines of business: – General Liability– Completed Operations Liability– Auto Liability– Professional E&O Liability

P3 Protect can be custom tailored to meet the needs of each concession and it does not require a concessionaire to post letters of credit or other security. For the convenience of the concession, P3 Protect is offered on an excess-of-self-insured retention basis with coverage limits directly over the primary self-insurance. P3 Protect does not share limits between lines of business, but each coverage line of business stands as a separate limit of liability.

For more information, please contact:Jeffrey WelshSr Vice President, P3 Underwriting ManagerMunich Reinsurance America, Inc.(P) 312.993.8786(F) 312.993.8471jwelsh@munichreamerica.com

The time has come for a

P3 O&M Insurance Product

© Copyright 2017 Munich Reinsurance America, Inc. All rights reserved.

P3 Protect product is available through The Princeton Excess and Surplus Lines Company (PESLIC) or, in some states, American Alternative Insurance Corporation, both subsidiaries of the Munich Re America Corporation and affiliates of Munich Reinsurance America, Inc. based in Princeton, NJ. PESLIC is a surplus lines insurer and surplus lines coverage can only be placed by or through a licensed surplus lines producer or broker. Any inquiries concerning P3 Protect should be directed through a licensed surplus lines producer or broker. The information in this document is provided for general information purposes and it does not constitute an offer to sell or a solicitation of insurance. Moreover, this document is intended for surplus lines producers or brokers. Any descriptions of coverage contained in this brochure are meant to be general in nature, may not be available in every state, and do not include nor are intended to include all of the actual terms, benefits and limitations found in a reinsurance/insurance policy. The reinsurance/insurance policy and not this brochure will form the contract between the parties thereto, and governs in all cases.