United SPC

United SPC was incorporated and registered in December 1998 under the Companies Law of the Cayman Islands as a Segregated Portfolio Company. A company registered as a Segregated Portfolio Company has the ability to establish separate Segregated Portfolios within the Company whereby the assets and liabilities of one Portfolio are legally as well as financially segregated from the assets and liabilities of the other Portfolios. Should a Portfolio become insolvent, the creditors of that Portfolio only have access to the assets of that specific Portfolio and, if necessary, the General Assets (as defined in the Companies Law) of the Company, which do not include the assets of any other Segregated Portfolios.

United SPC holds an Unrestricted Class "B" Insurer's License under the Insurance Law of the Cayman Islands and is authorized to write "General" and "Long Term" business as defined in that Law.

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