Ratings

Ratings	S & P	A M Best
Odyssey Reinsurance Company	A- (Outlook Positive) 12/16/2011	A (Excellent) Financial Size XV 2/9/2011
Hudson Insurance Company	Not Applicable	A (Excellent) Financial Size XV 2/9/2011
Hudson Specialty Insurance Company	A- (Outlook Positive) 12/16/2011	A (Excellent) Financial Size XV 2/9/2011
Newline Syndicate 1218 at Lloyd’s	A+ Strong, Lloyd's Market Rating, December 2010	A (Excellent) August 2010
Newline Insurance Company Limited	Not Applicable	A (Excellent) Financial Size XV 2/9/2011

Rating by Standard & Poor’s

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Rating by AM Best Company

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