[May 13, 2014]

Cunningham Lindsey Group Appoints Dr. Richard Ward as Executive Chairman and Jane Tutoki as Chief Executive Officer

The Board of Directors of Cunningham Lindsey Group ("Cunningham Lindsey") today announced the appointment of Dr. Richard Ward as Executive Chairman of the Board and Jane Tutoki as Chief Executive Officer, effective June 9, 2014.

The appointment of Ms. Tutoki is part of a planned succession, and as part of the transition, President and CEO Philippe Bes will remain at the company as President through August 31, 2014, after which he will retire. Following his retirement, he will serve as a senior advisor to the company.

"I am delighted to welcome these two world class industry leaders," said Philippe Bes, President and CEO of Cunningham Lindsey. "Richard and Jane bring unsurpassed experience in, and a deep understanding of, the insurance industry and are well-suited to guide the company in its next phase of growth. I look forward to working with them and our Group Executive Committee in the coming months to ensure a seamless transition as we continue to deliver the highest quality claims services to our clients."

Dr. Ward served as CEO of Lloyd's of London, the world's leading specialist insurance market from 2006 to 2013. Previously, Dr. Ward served as CEO and Chairman at the International Petroleum Exchange (IPE), which was rebranded as ICE Futures, and held various senior positions at BP. He currently serves as Chairman of Brit plc nd as a Non-Executive Director of Partnership Assurance Group plc. He previously served as a Board Member of the Geneva Association, the leading think tank of the world's largest insurers and reinsurers. In 2009, Dr. Ward was a member of the Insurance Industry Working Group, led by UK Chancellor Alistair Darling, and contributed to a report on the challenges and opportunities facing the global insurance business.

Dr. Ward commented, "Cunningham Lindsey is the global market leader in the claims management industry, and I'm thrilled to join Jane and the rest of the management team in providing the leading solutions for our clients."

Ms. Tutoki joins Cunningham Lindsey from AIG Property and Casualty, where she served as Global Head of Claims Operations since 2012. Previously, Ms. Tutoki worked as both Head of Americas Region and Executive Director of Global Insurance for Xchanging plc. She held a number of senior positions at Zurich Financial Services from 2002 to 2010, including Global Chief Claims Officer and Chief Claims Officer, North America Commercial Division. Ms. Tutoki began her time at Zurich in senior claims executive roles at its Farmers personal lines business, including as head of its auto claims division. She holds a Juris Doctor degree and is a Chartered Property Casualty Underwriter. She began her career as an attorney working for numerous insurance companies, later serving as in-house counsel at Hartford Financial Services.

"Cunningham Lindsey has a stellar track record of success in claims management, with an unparalleled global network and a diverse range of services, and I am excited to join such a talented team," said Ms. Tutoki. "I look forward to partnering with Richard and the leadership team to position the company for long-term growth and success."

Kamil Salame, current Chairman of the Board of Cunningham Lindsey, added: "We are delighted to welcome Richard and Jane to Cunningham Lindsey. Their arrival is an endorsement of the strength and uniquely global breadth of the Cunningham Lindsey franchise, and we are confident their vast industry experience will position us for further growth. We thank Philippe for his many years of successful leadership as President and CEO, during which the company has expanded its position as the global leader in the claims management industry."

About Cunningham Lindsey

Cunningham Lindsey is the global market leader in claims handling, domestic and commercial loss adjusting, catastrophe or major loss claims handling and claim management assistance. The firm's operating platform includes 6,000 employees operating across 60 countries.

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