Hilb Rogal & Hobbs — Merger or Acquisition (June 2008)
14 slides from Hilb Rogal & Hobbs's merger presentation, Jun 24, 2008
Slide 1: Glencairn
&© GLENCARN €
Slide 2: Agenda
@HRH, hitb rogel & hebbs Agenda ¢ Introductions * Acquisition strategy * Background on Willis * Work to-date * Implications for HRH London companies * Q&A
Slide 3: Introductions
Introductions « Grahame Millwater — President, Willis Group * David Margrett — Chairman and CEO, Willis Limited
Slide 4: Acquisition Strategy
Acquisition Strategy GLENCAIRN lis-HRH combination is strategically and financially compelling + Will accelerate growth, increase client value via larger, more diversified platform + Will accelerate growth, increase client value via larger, more diversified platform + Complementary geographic footpr
Slide 5: A Great Strategic Fit
A Great Strategic Fit GLENCAIRN @HRH Strengthens Willis’s middle market leadership and reinforces large-account presence Adds producer talent, client and service expertise More than doubles Willis’s high- growth North American Employee Benefits business Expands range of Willis’s specialty expertise
Slide 6: Willis Overview
Willis Overview GLENCAIRN Willis Global Franchise Founded in 1828, Willis is the world’s third-largest insurance broker $2.6 billion 2007 Revenues More than 300 offices in over 100 countries, including affiliated members Approximately 16,000 Associates, including Gras Savoye Business segments: * Glo
Slide 7: Work to-date
GLENCAIRN@& Work to-date * Saturday 7 June 2008 * Sunday 8" June 2008 * Week commencing Monday 9 June 2008 * Week commencing 16% June 2008
Slide 8: High-level plan
@HRH. hilb rogal & hobby High-level plan HRH London T | | | Wholesale | Newco | Retail Reinsurance GPY, GCY, GHS | GPC GRE NIB Casualty | BSK HRH Re NIB UK WS | | | | | i n GPX= TBD t Willis Willis Willis Re
Slide 9: Objectives of Wholesale Newco
Objectives of Wholesale Newco * To grow revenue from International and US third party intermediaries * To provide specialty solutions and structured transactions based around expertise * To act as Client Advocates for third party intermediaries and agents * To be employer of choice for specialty who
Slide 10: Implications and attractions for staff
@HRH, hitb rogal & hobbe Implications and attractions for staff + Nothing changes till the deal closes « TUPE transfer * London headquartered company + Willis parent stable and financially secure « Independent client platform with access to huge array of expertise, products and services — best of bo
Slide 11: Outstanding issues include
Outstanding issues include:- * Brand of wholesale entity * Back office structure * External PR including client and market communications + Which Willis businesses to join new entity «Integration team * Timings * Overseas operations
Slide 12: Positive outcomes
@HRH wma Na i GLENCAIRN Positive outcomes Newco located in Willis premises * Local access to key decision makers * Wholesale opportunities/producers being looked into * Access to global markets * Market leverage * Access to other Willis third party distribution
Slide 13: Priorities
NE e -_ GLENCAIRN Priorities:- « Focus on clients « Business as usual
Slide 14: Forward-Looking Statements
Forward-Looking Statements This communication may contain forward-looking information regarding Willis Group Holdings Limited and Hilb Rogal & Hobbs Company and the combined company after the completion of the transaction that are intended to be covered by the safe harbor for “forward-looking statem
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