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taken together). The liability of each member of the syndicate is several and not joint with other
members. A member is liable only for that member’s proportion. A member is not jointly liable for
any other member’s proportion. Nor is any member otherwise responsible for any liability of any
other insurer that may underwrite this contract. The business address of each member is Lloyd’s,
One Lime Street, London EC3M 7HA. The identity of each member of a Lloyd’s syndicate and
their respective proportion may be obtained by writing to Market Services, Lloyd’s, at the above
address.

The final clause of the policy under the section heading Complaints specifies that the Company
Market and Lloyd’s underwriters are covered by the Financial Services Compensation Scheme
and that the insured maybe entitled to compensation from the Scheme if the insurer is unable to
meet its obligations under this contract.

MXLASB010112-ZE

Exclusion - Asbestos

The Policy excludes and does not cover any liability directly or indirectly caused by or alleged to
be caused by or contributed to in whole or in part by any work involving the manufacture, mining,
processing, use, installation, storage, removal, stripping out, demolition, disposal, distribution,
inspection or testing of or exposure to asbestos, asbestos fibres, asbestos dust, or asbestos
containing materials.

SCHEDULE OF INSURERS

The Insurer means
PROPORTION

Contract Lead Insurer: QBE Insurance (Europe) Limited 100%

Several Liability Notice
Where there is more than one Insurer shown in the Schedule of Insurers, the liability of Insurers
participating under this Policy is several and not joint with any other individual Insurer
participating in this Policy. Each Insurer is liable only for the proportion of liability it has
underwritten. Each Insurer is not jointly liable for the proportion of liability underwritten by any
other Insurer, nor is any Insurer otherwise responsible for any liability of any other Insurer that
may participate in this Policy

Co-insurer Agreement
Where there is more than one Insurer shown in the Schedule of Insurers, the Insurers agree to
follow all decisions, surveys and settlements of the designated Contract Lead Insurer of this
Policy regarding claims, unless such settlements are to be made on an ‘ex gratia’ basis.

Policy Acceptance
The Insurer herein agrees to accept all wordings incorporated in this Policy as their own