Supplemental IE Report RSAI Sun & Marine - Royal and Sun Alliance

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Milliman Client Report APPENDIX A. KEY DATA AND INFORMATION RECEIVED In writing this Supplemental Report, I relied upon the accuracy of certain documents and spreadsheets provided by RSAI (and, where appropriate, its UK insurance subsidiaries). These included, but were not limited to the following:- • “RSA Insurance Group plc 2011 Individual Capital Assessment”, dated 26 September 2011. • Presentations and spread-sheets detailing the internal analysis of the risks associated with the reinsurance asset to be transferred under the Schemes and PAGI Schemes. • An internal actuarial report covering all parts of the RSA Group’s UK personal and commercial lines business, entitled “UK Reserve Assessment for 30 September 2011 (Based on 30 June 2011 Data)”. • A spreadsheet detailing the roll forward of the results of the actuarial review of the UK business as at 30 June 2011 to 30 September 2011. • Presentations to the Reserve Committee dated 18 October 2011 detailing the results of the RSA Group’s UK personal and commercial lines business based on 30 June 2011 data and the roll forward to 30 September 2011. • An actual versus expected analysis for UK asbestos claims for the 9 month period to 30 September 2011. • A spreadsheet showing the development of reserves for Marine over the 6 month period to 30 June 2011. • Presentation slides for the Italy Reserve Committee meeting on 6 September 2011. • Additional presentations dealing with the developments on the third party motor book of Sun since the year-end and changes made to the pricing of the motor business. • A spreadsheet showing the reserves for PAGI as at 30 September 2011 and the incurred development since 31 December 2010. • Balance sheets for RSAI, Sun, Marine, RSA Re and all the Transferors as at 30 June 2011, pre-transfers, posttransfers excluding the post-transfers (re)insurance arrangements, and post-transfers including the post-transfers (re)insurance arrangements. • A spreadsheet giving details of the capital resources and MCR calculation for RSAI, Sun, Marine, RSA Re and the Transferors as at 30 September 2011. • A document entitled “ECA and ICA Surplus Update, October 2011”, giving details of the ECA and ICA surpluses as at 30 September 2011. • A spreadsheet providing forecasted Solvency I and QIS5 positions for Sun, Marine and RSA Re at 1 January 2011, 31 December 2011 and 31 December 2012. • An estimate of the solvency requirement and surplus capital for RSAI based on QIS5, as at 31 December 2010. • Final drafts of the post-transfers Aggregate Excess of Loss and Quota Share reinsurance agreements, Credit Risk Insurance Agreement and Deeds of Indemnity. Supplemental Report of the Independent Expert 18 November 30, 2011
Milliman Client Report APPENDIX B. The letter of representation from RSAI follows. LETTER OF REPRESENTATION Supplemental Report of the Independent Expert 19 November 30, 2011
Page 1 and 2: Milliman Client Report Supplemental
Page 3 and 4: Milliman Client Report 1. INTRODUCT
Page 5 and 6: Milliman Client Report 2. BUSINESS
Page 7 and 8: Milliman Client Report 3.12 The mot
Page 9 and 10: Milliman Client Report 4.7 The RSA
Page 11 and 12: Milliman Client Report 4.16 The maj
Page 13 and 14: Milliman Client Report 6. POST-TRAN
Page 15 and 16: Milliman Client Report 7. OTHER CON
Page 17: Milliman Client Report 8. CONCLUSIO

Supplemental IE Report RSAI Sun & Marine - Royal and Sun Alliance

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