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

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Milliman Client <strong>Report</strong><br />

1.8 The conclusions set out in this <strong>Supplemental</strong> <strong>Report</strong> are based largely on data provided by <strong>RSAI</strong> as at 30 September<br />

2011 (<strong>and</strong> in some cases as at 30 June 2011). <strong>RSAI</strong> has informed me that there have been no developments since<br />

the latest data made available to me which are relevant to the Schemes.<br />

1.9 This <strong>Supplemental</strong> <strong>Report</strong> has been prepared in accordance with the following applicable Technical Actuarial<br />

St<strong>and</strong>ards (“TASs”), as issued by the Board for Actuarial St<strong>and</strong>ards: the Insurance TAS, Transformations TAS, TAS-<br />

R (<strong>Report</strong>s); <strong>and</strong> to the extent relevant TAS-D (Data) <strong>and</strong> TAS-M (Modelling). This <strong>Supplemental</strong> <strong>Report</strong>, together<br />

with the <strong>Report</strong>s <strong>and</strong> the <strong>Report</strong> for the PAGI Schemes <strong>and</strong> supplemental report for the PAGI Schemes are intended<br />

to form an “aggregate report” as defined in TAS-R.<br />

<strong>Supplemental</strong> <strong>Report</strong> of the Independent Expert 4<br />

November 30, 2011

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