OVATION Specialty AG

The purpose of the company is to develop and distribute products and provide services in the direct and reinsurance sector, including underwriting, claims management, risk management and signing of first and reinsurance risks in its own name, but on behalf of third parties (insurers and reinsurers) as an insurance broker and Managing General Agency (MGA). The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account and for the account of third parties in Switzerland and abroad.