INTRODUCTION PROMOTING CLIMATE RESILIENCE CLOSING THE PROTECTION GAP INDUCING POSITIVE SOCIETAL CHANGE GOVERNANCE APPENDIX Climate Capacity Supporting clients in developing risk-taking capacity for climate mitigation and adaptation. Capital Solutions Product Innovation Through our Capital Partners team, we are an industry-leading Enhanced by our transition benchmarking work, we aim to further manager of insurance-linked securities (ILS) capital. Educating facilitate the flow of risk-contingent capital into sectors of the economy investors on the benefits of ILS investments and the role of climate that have a positive environmental and social impact, while also change considerations supports us in bringing additional capacity to supporting the global transition to a climate-resilient future. climate-related insurance products. This provides opportunity for us to attract capital from partners who share our values and recognize In addition to assessing the environmental and social impacts at an the importance of mitigating climate risks, supporting communities individual underwriting contract level, we believe that this can best be affected by the devastating impact of natural catastrophes. achieved by working collaboratively to develop innovative solutions that will enable us to deliver capital at scale. Rated Physical risk Global South Climate perils Food and water protection gap resilience security Catastrophe Bonds Collateralized Parametrics Biodiversity and Transition plan Renewable carbon sinks execution energy Sustainability Training As a signatory of the UNEP FI PSI, we recognize the importance of further embedding our climate transition underwriting approach into our day-to-day business operations. In the twelve-month period ending May 1, 2023, our climate transition underwriting team collectively dedicated 320 hours to complete the Sustainable Finance online short course, facilitated by the University of Cambridge Institute for Sustainability Leadership. This equipped the team with the necessary knowledge and tools to effectively incorporate sustainable thinking into their existing underwriting roles to promote the identification of new opportunities in this space. 16