Mike Balmer, Executive Vice President, Willis North America

InsurersConventional Markets:Established construction and energy insurers providing conventional programs which aretailored to the specific needs of each individual project.Typically offer separate programs that are combined to address the risks associated withthe various project phases and the potential loss in revenue that is associated with thesedifferent interests.Specialty Markets:Dedicated divisions within established insurance companies and specialist Underwritingagencies focusing on the renewable energy market.Typically offer composite package programs that cover transit, construction, and operatingrisks including the lost revenue that is associated with these different interests (can includetax credits or incentives that would have been earned)Each would include physical loss or damage and time element components such asmechanical and electrical breakdown.8