1. Steve McElhiney President EWI Risk Services 5400 LBJ Freeway, Suite 1060 Dallas, Texas 75240 (972) 560-0675 Captive Concepts www.ewirisk.com

4. Captive Structure – Single Parent or Segregated Cell Solution International Reinsurers (Efficient Reinsurance Aggregation as Alternative To Inefficient Standard Market) Risk Transfer Cash Flows Parent Company Publicly-Traded or Privately-Held Single Parent Captive Ins. Co. Use of Domestic & Foreign Reinsurers Master Insurance Policy P&C Manuscripted Terms & Conditions Operating Company Insurable Property & Casualty Risk Parent Company Core Cell Captive Insurance Company Master Insurance Policy P&C Manuscripted Terms & Conditions Segregated Cell “ A” The “single cell” structure provides flexibility for members. Dividends To Parent Segregated Cell “ B” Segregated Cell “ C”