CORPORATE PROFILE and Capability Statement

Global insurance, local knowledge

aaib-insurance.com

OVERVIEW
AAIB is a British owned insurance and reinsurance broker specialising in frontier markets. Formed in 2005 by insurance entrepreneur William Wakeham, the company has grown into one of the leading experts in the provision of insurance for post conflict and emerging markets in the Middle East and North Africa. With an administration centre in Amman, Jordan, AAIB is able to provide insurance solutions to clients across the MENA Region, in multiple classes of business. AAIBs unique local knowledge and hands-on approach to client service and support means that it can assess risks more accurately. This level of service is attributed to our unique, on-the-ground philosophy. That in turn leads to better quality cover and lower premiums.

AAIBs unique local knowledge and hands-on approach to client service and support mean that it can assess risks more accurately

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HISTORY
AAIB was registered and licensed in Amma,n Jordan in 2005 when William Wakeham realised that the absence of high quality industrial, commercial and infrastructure insurance cover was hampering the redevelopment of Iraq. This experience of managing commercial risk in such a highly volatile situations, drove AAIB to move into similar markets such as Afghanistan and Somalia, a logical next step. With the advent of the Arab Spring, AAIB's unique experiences in the region and market leading product line, means that it has continued to concentrate on post conflict emerging markets which now include countries such as Libya.

Launched and registered in Jordan in 2005

Concentrates on post conflict emerging markets

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MISSION & PHILOSOPHY

AAIB strives to be the leading insurance and reinsurance broker that arranges insurance based solutions for clients operating in conflict prone or post conflict locations. AAIB strives to: a. work in the same places as its clients in conflict / post conflict areas b. build relationships and networks locally within these markets to ensure that we fully understand the risks c. use these networks to respond quickly and effectively when an incident or claim arises d. use these networks to help transfer or reduce risk from clients, thereby helping them to achieve their commercial objectives e. be an active conduit between clients and underwriters and maintain a professional, positive and collaborative attitude with our clients

AAIB works in the same places as its clients in conflict / post conflict areas

We are committed to building relationships by working locally

aaib-insurance.com

OUR CLIENTS
AAIB's clients include companies operating in the energy, logistics, construction, security, transport and media sectors. We can arrange tailored insurance programmes aimed at meeting the needs of our clients and the risks that they need to manage.

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MARKETS, PRODUCTS AND RISK TRANSFER

All our insurance markets have A rated financial status. We use the Lloyds market and also regional and local capacity when it is practical to do so. We also access the Reinsurance markets to ensure that the level of coverage needed by clients is obtained at reasonable costs. AAIB arranges insurances to cover a wide variety of risks that relate to people, projects, infrastructure, assets, cargo shipments and liability exposure, including energy and power projects, medical, kidnap and ransom, liability and political risks, besides cargo, construction, property and personal accident insurance, some of which are now available to purchase instantly online. We are a pioneer in product innovation with an enviable record of launching new products that have additional benefits, competitive rates and variable pricing options. Risk transfer facilities for post conflict emerging markets include a medical scheme for Iraq and Afghanistan, a facility for covering oil and gas exploration rigs in Iraq, and Frontier Travel Insurance, an online travel insurance product that includes war and terrorism as standard cover. We always aim to provide attractive, tailored solutions to meet client needs.

Cargo Construction and Property Energy and power projects Kidnap and ransom Liability Medical Personal accident Political Risks

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CAPABILITIES
AAIB has a powerful proposition. It fields teams of Arabic and English speaking staff and has access to the London Market, regional and local insurance markets. It can put in place fronting arrangements with local insurers wherever clients are based, and AAIB can visit clients onsite in their locations worldwide. AAIB works with other specialists and has contacts with claims handlers, loss adjusters, surveyors, medical evacuation providers, kidnap and ransom response specialists and various brokers. This deepens our capability and extends our reach in different countries enabling us to deliver impressive levels of client service.

Arabic and English speaking staff

Access to the London, regional and local insurance markets AAIB works with other specialists to deepen and extend its reach

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LEGISLATION
We can arrange for policies to be issued by local insurers when this is required to comply with local legislative requirements. In Iraq AAIB is represented by its subsidiary Al Fajer Insurance and Reinsurance brokers.
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KEY CONTACTS AT ANGLO ARAB INSURANCE BROKERS

Name Rina Amireh Dina Ansouqa Iain Blake Paul Ashton Mekki Mustafa Adrian Shaw Peter Worby Michael Carr Johnny Wilkes Specialisms Employee Benefits, Personal Accident Marine Cargo Assets, Construction, Political Violence, Energy Employee Benefits, Medical and Liabilities Iraq Country Manager Product Development and Marketing Contact details rina.amireh@aaib-insurance.com dina.ansouqa@aaib-insurance.com iain.blake@aaib-insurance.com paul.ashton@aaib-insurance.com mekki.mustafa@aaib-insurance.com adrian.shaw@aaib-insurance.com

+962 (0) 6 550 3222 www.aaib-insurance.com

Regional Business Development Director. All peter.worby@aaib-insurance.com classes of insurance, Aviation Compliance Officer Chief Financial Officer michael.carr@aaib-insurance.com johnny.wilkes@aaib-insurance.com

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