Alauda

5 years existing relationship with Arch Re

Surety MGA ; with a broker status

Business with other insurers

5M€ book

Max capacity 5M€

Prior submit in xs of 300K€ per policy or 500K€ per group

Main office in Roma and Milan

Platform to automatically approve contracts each and every contract by Axeria

• Business plan to be provided
• Valandis to speak to Mr Checconi
• Send DD information request
• Get uw memo from Marian
• Do a costing/pricing document (Benjamin)
• Termsheet to be reviewed
• Retain 25%
• Feedback from VEL/CPA on TS
• Reinsurance wording (ask Marian)
• Send TS to Richard to approve/bind reinsurance
• Make sure Alauda is talking to Tryglav to inform them of the change of carrier
• SSE to send the electronic signature certificate
• When is production starting - Call Walter
• Demo automatic approval via the platform
• Draft the TOBA
• Sign TOBA
• PoA by Board Chairman (December a board to sign at the Notary)