2. KF

Target: May 1st 2026

13M€ GWP opportunity

Change of ownership insurance

Distribution network through the bank

• meeting ITEG, KF, HP and AOF on Thursday February 13
• DD questionnaire to be sent
• Triage if MGA created

• LoI sent to ITEG
  • Received feedback that KF will proceed with setting up the MGA
• Call scheduled for 11th March
• Meeting in CPH 28 April with Domus
• Meeting with KF CEO (12/05) - KF highly committed to the product, awaits all UW/Pricing documents
• On hold till KF comes back - likely end of May
• ITEG sent timeline of next steps
  • KF to send UW guidelines, rating for review
  • informations received
  • Axeria to launch Due Diligence
    • Note most functions will be performed by the owner, insurance company KF - so we should audit these functions
• UW Memo
• UW committee to approve the memo ; call on the 5th of August ; Done but David’s approval is missing (Seb to talk to David week of the 19th)
• Interviews with underwriters on the 5th of August
• Termsheet under review ; sent and signed
• Need to set up the MGA and DD to plan
• Call on Domus
• Tax opinion from KPMG
• KF to take 10% share OR write the business on Arch Underwriting
• check new structure with Arch Re MGA
• Set-up call with Soren
• MGA to write other products/LoB - review tax opinion
• Get high-level business plan for Mivida MGA
• Confirm BP for next 3 years (call on 27/1)
• DL Piper advice obtained verbally
• DD 24th in Feb
• Call on 17th to know where they stand with the IT platform dev
• Incorporated entity
• Launching IT development (with Axeria)
• Call on API with IBA to be organized
• Finalize API
• Target launch 1/10
• Draft TOBA by 10/7 - under review
• Product comitee