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TURNER GROUP
INTERNATIONAL INSURANCE & REINSURANCE BROKER
SINCE 2010

Risk management
International Reinsurance
Actuarial services
Claims handling

License #4217 77 as of October 29, 2010
Why TURNER?
1
OPTIMISATION
Tenders between insurers and reinsurers, design of tender documentation and successful experience of optimizing insurance costs by more than 30%
2
PARTNERSHIP
A network of partners in the US, EU, Asia, Africa as well as strategic partnership with Аrthur J. Gаllаghеr (NYSЕ: АJG) since 2010
3
EXPERIENCE
Broad experience in direct placements of insurance programs for the key clients in the USA, EU, Russia / CIS on the London, European and Asian markets
4
UNIQUE SOLUTION
Adaptation of the policy wording to domestic requirements, design of optimal reinsurance placements as well as providing tailored solutions
5
MULTINATIONAL APPROACH
Architecture, design, management and service of global insurance programs for international clients with presence in several countries
6
CLAIMS ADVOCACY
Successful claims handling of complex insurance cases in jurisdictions of England and Wales, EU and Russia/CIS
Flagship products
Crime Insurance, Banker's Blanket Bond, Fidelity bond
COVERAGE
against losses incurred from employees' or third parties' dishonest or fraudulent acts

COMPENSATION
for damages sustained as a result of personal data loss and cyberattacks

REIMBURSING
clients & contractors for errors and omissions committed during provision of professional services

GOOD FOR
companies looking for coverage for lost assets suffered due to criminal behavior of a dishonest employee or third-party
Benefits
  • Costs optimization
    Tender procedures between insurers and reinsurers
  • Tailored Solution
    Preparation and negotiation of tailored policy terms&conditions in accordance with specific risk profile and risk appetite
  • Adaptation
    Insurance policy in line with London Institute of Insurers wording (NMA2626, KFA81) and extensions, fully compliant with domestic regulation
  • Claims advocacy
    Broad experience of claims advocacy the EU, Africa, Russia and CIS
  • Leverage
    Professional claims advocacy, leverage of diversification and international expertise
  • Experience
    Successful experience of resolving insurance claims which were initially denied by the insurer

Directors & Officers liability Insurance, D&O

WHO IS COVERED
Board of Directors, Management Board, Directors, Officers, the Company

PROTECTION OF PERSONAL ASSETS
of directors and their families' personal property against claims brought as a result of managerial decisions or failure to supervise

PROTECTION OF THE COMPANY
against securities claims, including preparation and further support of IPO/SPO

GOOD FOR
companies seeking to protect directors, officers, and employees against claims by regulators, competitors and shareholders
Benefits
  • Costs Optimization
    tender procedures between insurers and reinsurers
  • Tailored Solution
    reconciliation and negotiation of tailored policy terms&conditions in accordance with specific risk profile and risk appetite
  • Adaptation
    policy wordings are fully in line with the best practice and adopted with requirements of domestic regulation, that including issuance of master and local policies in several countries
  • Global Coverage
    reimbursement of defense costs, indemnification of settlements and judgements worldwide
  • Leverage
    professional claims advocacy, leverage of diversification and international expertise
  • Experience
    in negotiating exclusive policy terms&conditions as well as proven experience in claims handling

Political Risks Insurance, PRI

COVERAGE
of loss or damage to the property caused by confiscation, expropriation, or
willful destruction under the order of the government

EXTENSIONS
unilateral change of contracts by the government, i.e. significant changes in tax
regime or breaches of concession agreement

'UNKNOWN UNKNOWS'
coverage remains in full force despite any regime changes taking place in a
country

GOOD FOR
companies, importers and exporters, investors looking for expansion to emerging and developing countries
Benefits
  • Broaden Geography
    you can benefit from lower costs of doing business in the developing countries by transferring political risks to insurers
  • Reimbursement
    of losses suffered by company, investors or construction firms or due to political
    upheaval or government action
  • Adaptation
    policy in line with international best practice and adopted to domestic regulations
  • Leverage
    Professional claims advocacy, leverage of diversification and international expertise
  • Experience
    in negotiating tailored policy terms & conditions. Proven network of loss adjusters
  • Protection
    of institutional lenders and capital-bond markets against risks from political instability

Warranty and Indemnity, W&I

COVERAGE
is provided for Buyer or Seller in an M&A transaction

INDEMNIFICATION
of losses caused by breaches of W&I section or tax deed in SPA by the Seller
(innocent or otherwise)

BRIDGING THE GAP
between Buyer and Seller by reducing or eliminating ESCROW requirements and
ensuring a clean exit for the Seller

GOOD FOR
Seller, Buyer or Private Equity involved into M&A deal
Benefits
  • Compromise
    W&I policy helps to bridge post-M&A expectations of the Seller and Buyer, and usually catalyzes successful conclusion of the deal
  • Financial indemnification
    Tailored coverage helps protect Buyers and Sellers from financial loss if misrepresentations or inaccuracies in representations or warranties occur
  • Adaptation
    policy in line with international best practice and domestic requirements of the country where M&A is taking place
  • Tax Liability
    W&I policy helps to reduce or eliminate financial loss arising from a tax authority's successful challenge of the tax treatment of a transaction
  • Contingent Liability
    eliminate risk exposure related to the business of Seller or Buyer arising out of M&A, thereby helping enable deals to close more quickly, and sales proceeds to avoid impairment
  • Experience
    professional claims advocacy, leverage on diversification and international expertise

Cyber Insurance

COVERAGE
of losses incurred as a result of cyber extortion, network interruption, data
damage or loss, business interruption

EXPERTISE
access to loss prevention and investigation tools of the world's best cyber
security and forensics experts

EFFICIENCY
identifying and eliminating weakness in your cyber security system, 24/7 Hotline for immediate response during IPO/SPO/ICO

GOOD FOR
companies looking for coverage for lost assets suffered due to hacker attacks, loss of data, breach of GDPR, cyber extortion
Benefits
  • Comprehensive Solution
    the right coverage and support when it matters most. Preventative services and transfer of financial and reputational risks to the insurers
  • Multinational Capabilities
    worldwide cover, including company's clients' countries of domicile. Assistance with investigations by regulators
  • Adaptation
    policy wordings in line with the best practice and adopted to requirements of domestic regulation
  • Leverage
    professional claims advocacy, leverage of diversification and international expertise
  • Experience
    in negotiating tailored policy terms&conditions as well as proven track record in claims advocacy. A network of cyber security experts and loss adjusters
  • Action
    24/7 Hotline for immediate response during IPO/SPO/ICO and other major corporate activities
QUESTION:
I want to get my insurance reimbursement promptly and in full. Where should I start from?
turner:
By Lewis Carroll, you should begin at the beginning! Right from the Proposal form. According to statistics, 85% of complex claims are rejected due to inaccurate information submitted in the form. We have successful experience in amending wording of the Proposal form in your favour, so you do not provide excessive guarantees.
Claims advocacy
Our goal is simple: to get claims paid quickly and restore order to your business.
Your claims manager is involved in the adjustment process from the time the loss is reported through its resolution.

Helping to get your claim resolved effectively is an essential test of our value proposition.
1
ANALYSIS
Analysis of documentation, your past losses and provide recommendations for reducing them going forward
2
ACTION PLAN
Advocate for coverage, early intervention and monitoring of claim handling
3
LOSS ADJUSTMENT
Visit the site of a loss to survey and assess the damage, preparation of claims handling agreements
4
EXPERTISE
Active participation in negotiations with insurers and reinsurers
5
ACTUARIAL SERVICES
Assistance with actuarial resources to challenge findings of insurers on loss payments and loss development factors
6
DIRECT REIMBURSEMENT
Negotiation of direct reimbursement in a country where the loss has happened
+7 495 959 46 14
Info@TurnerGroup.eu
8/11 Maliy Tolmachyovskiy Lane, building 3
Moscow, Russia, 117019