For the 2012 Underwriting Year, Atrium's two managed Syndicates 570 & 609 have combined to become The Atrium Syndicate 609.

• Aligns the organisation behind a single vision and strategy.

• Becomes one bigger, more diverse syndicate.

• Provides larger capacity, more attractive to brokers and clients.

• Facilitates development of new business opportunities.

• Has the ability to write larger line sizes.

• Will benefit from economies of scale and improved efficiencies.

• Achieves efficiency in meeting the demands of the Solvency II environment.

Unchanged Syndicate Capital Providers

A Growing Diversified Portfolio

Diversified Classes Of Business

Increased Capacity of $650m/£420m

Practical Implications

• Richard Harries remains the Underwriter of syndicate 609.

• All the existing lines of business of the two Syndicates will continue to be written in the Merged Syndicate.

• Risks attaching with effect from 1st January 2012 can only be written by syndicate 609.

• Syndicate 570 ceases to trade beyond the 2011 year of account.

• Runoff of Syndicate 570: It is intended that the 2011 year of account of Syndicate 570 will be reinsured to close in due course into the 2012 year of account of the Merged Syndicate and that, in the meantime, the 2009 and 2010 years of account of Syndicate 570 will each be reinsured to close into the next following year of account of Syndicate 570, in accordance with normal market practice.

• AUL intends to appoint Richard Harries as the Active Underwriter of Syndicate 570 with effect in early 2012 to coincide with Kevin Wilkins’ retirement.