1. Nexus History and Background

2. Vision, Mission and Values

3. Corporate Solutions Team

4 Nexus Products and Solutions

5. Group Medical, Health Wellbeing

6. Group Life, Personal Accident/Disability and Income Protection

7. EndofServiceBenefit–Gratuities, Pensions and Savings

8. Creating Your Financial Future

9. Protecting the Downside Risk

10. DirectorsandOfficersLiabilityInsurance(D&O)

11. Iraq and Afghanistan Insurance

12. Kidnap Ransom and Extortion Insurance

13. Professional Indemnity

14. Workmen’s Compensation/Employers Liability

15. Sports Disability

16. Contact Details

Contents

 

Nexus

Hist

ory &

Bac

kgro

und

As qualified professionals in the Life and General

Insurance field, Nexus is a company that can be

trusted to address unique risk situations. And as

an independent organisation, free from ties to a

particular product provider, it can meet those needs

with carefully selected solutions from the world’s

foremostfinancialservicescompanies.

Nexushasover400qualifiedprofessionalconsultants

and a team of around 100 dedicated and qualified

support staff in the Middle East region, offering a broad

range of licensed products from regulated providers.

The Company was set up in 2006 by Mahmoud

Nodjoumi, Founder and Chairman, through

a management buy-out of the distribution arm of

Zurich International Life which had been established

in the region since 1989.

With over twenty years accumulated experience

in the GCC (Gulf Cooperation Council), Nexus

operations are located in Dubai, Abu Dhabi, Qatar,

The Kingdom of Bahrain, Lebanon and Kuwait to

underpin a professional and quality level of service

to our clients.

Nexus is fully regulated to provide Life Insurance,

Savings Plans, Group Medical and Group Life programs

as well as various classes of General Insurance.

Nexus History and Background

 

Vision, Mission and Values

OUR VISIONTobeahighlyrespectedandrecognizedfinancialbrand.Basedin the Middle East, but with global reach, it offers composite insuranceservicesandfinancialsolutionstomeetindividual,family and corporate needs.

OUR MISSIONTo deliver bespoke risk solutions to meet the needs of our customers, whether individual, family or corporate. We do this on the basis of uberrimae fides (‘Utmost good faith’)supported by lasting personal relationships with a high net worth focus. With a well developed life insurance pedigree, NEXUSispositionedtoexpanditsgeneralinsurancebusinessand capacity in its existing markets and beyond.

OUR VALUESOur primary responsibility is to the individuals, families and corporate customers who place their trust in us to provide the most appropriate risk solutions to meet their needs. The maintenance of the highest standards of compliance, integrity and honesty is key to our success.

Through association with a class-leading panel of providers, and a commitment to provide our staff with leading-edge technical,serviceandtrainingsupport,wehavetheconfidencethat we offer the best possible bespoke solutions.

Tarun Khanna

ChiefExecutiveOfficer

In summary:

We earn trust and exceed expectations.

We nurture relationships.

We are accessible and available.

We respect the needs of our clients

before all else.

We also acknowledge a responsibility to our employees, recognizing their value and contribution at every level of our business so that they feel empowered to act on behalf of NEXUSandatthesametimerecognizetheresponsibilitythatthis brings. We provide appropriate IT, training, infrastructure and medical support concomitant with staff functions and maintain transparent procedures for their well-being and HR requirements.

We acknowledge our responsibility to the community in which we operate and in developing the risk solution industry oftheUnitedArabEmirates,Qatar,TheKingdomofBahrain,Lebanon and Kuwait, and as we expand, we do so as the best of ambassadors, bringing with us the highest operating standards synonymouswiththeNEXUSbrand.

We help the communities amongst which we operate and through strategic partnerships, selected through open and inclusive debate with our staff, we play our part to help others. Thisrecognitionoftheneedtobegoodglobalcitizensreflectsour multi-cultural composition and the founder’s overriding determination to project NEXUS as a company of integrity,reliability and excellence.

Corporate Solutions Team

Ian WaltonDirector - Corporate Solutions, Nexus Insurance Brokers LLC

Ian started his insurance career working in the “Lloyds” Insurance market in London. In 1983,hemovedtotheUAE,working8yearsforNascoGroupinvolvedintheMarine,Oil&Gas,Trading,HospitalityandBankingsectors.AfterfurtheroverseaspostingswithReinsurers in Asia and Central America, Ian returned to Dubai in 1997, working with a

series of Lloyd’s brokers. Ian has been responsible for the placement and handling of major corporate accounts such asDubaiDry-docks,Dubai InternationalAirport,ALDAR (Al RahaDevelopmentUS24Bn) andDubaiHolding,whichincludessuchentitiesas theJumeirahGroup(BurjAlArab,EmiratesTowersetc).Hehelpedestablish,andwasappointedaDirectorofthefirstCaptiveInsuranceCompanyinDubaiFinancialCentre(DIFC)forDubaiHolding. IanalsoadvisedtheExecutiveCouncil (DubaiGovernment)ontheproposedHealthcarereforms in 2008. Ian joined Nexus in early 2011 to strengthen their capabilities across the General Insurance sectorsintheUAE,Qatar,Bahrainandotherlocationscurrentlybeingevaluated.

Duncan CrerarHeadofEmployeeBenefits,NexusInsuranceBrokersLLC

In 1992 Duncan started the early part of his career in banking, working for Barclays plc in the Isle of Man, specializing in offshore services. In 1994 he moved across to the life insuranceindustrywithEagleStarInternationalLife(ESIL),holdingseveraladministrativeposts, before in 1998 he was appointed to their corporate division in a relationship

management capacity. Continuing with ESIL, through their ultimate transition to become Zurich International Life,over thenextdecadeDuncanspecializedincorporateemployeebenefitsolutionswithparticular focusandgrowingexpertisearoundexpatriateretirementplanning.DuncanrelocatedtotheUAEearlyin2009withZurich International Life, to successfully lead their corporate business development across the GCC, establishing and managing expatriate retirement programs for entities such as Schlumberger, British Airways and the Jumeirah Hotel group. Duncan joined Nexus in Sept 2011 to strengthen their capabilities around employee benefitsolutions.

CORpORATE SOLUTIONS

• Property/BusinessInterruption• Public/ProductLiability• ProfessionalIndemnity/D&O• MedicalMalpractice• MarineCargo/Hull• MotorFleet

Construction / Engineering • C.A.R./E.A.R.• DelayinSTARTUP• MachineryAllRisks/Breakdown• Plant&Machinery

Miscellaneous• BankersBlanketBond• TradeCreditInsurance• FidelityGuarantee• FreightForwardersLiability• JewellersBlock• OfficeMulti-cover• ShipRepairersLiability• CyberRisks• STRATAprograms• HotelCombined• Cancellation&Abandonment

EMpLOyEE BENEfITS

• GroupLife/Disability• GroupMedical• Gratuity&PensionSolutions• Workmen’sCompensation• Keyman/ShareHolderProtection• GroupPersonalAccident• Kidnap&RansomCover

INVESTMENT, SAVINgS & pROTECTION

• LifeInsurance• CriticalIllness• Savings• Retirement• TakafulPlans• QROPS–QualifyingRecognised Overseas Pension Scheme*

*Please note this is not applicable in Qatar

pERSONAL LINES

• Motor• Property&Contents• PersonalMedical• Travel

For online quotes please visit our Insurance Comparison Portal www.nexuscompare.com

Nexus products and Solutions

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pUTTINg pEOpLE fIRST

Thereisnothingmorevaluabletoanorganizationthan‘itspeople’.

Employee health and well being is key to organizational performance and our corporate customers understand the importance of making appropriate medical care available to their employees.

With Medical Insurance becoming a lifetime necessity, an employee expectation and in certain regions a legal compulsion, Nexus can help your business put in place a health care program that meets not only any mandatory obligation but further compliments your HR policies and company culture.

fINDINg THE RIgHT COVER

With the myriad of solutions available in the market, Nexus have the experience and expertise to cut throughallthecomplexityandfindtherightbenefitsforyourbusiness,accommodatingbothyourneedsand budgetary demands.Working with all the leading medical insurers and their network of health care providers, Nexus can adviseonlocal,regionalandglobalcoveragewithprogramsofferingsomeorallofthefollowingbenefits:

• Out-patient;Consultations and care• In-patient;Treatment and surgeries• Dental;Routine and/or major restorative• Maternity; Delivery and pre/post natal care• Vision;Testing and corrective measures• Alternativetherapies;Acupuncture & Chiropractors• Wellness;Health screening and education• Evacuation;Specialist treatment or return to home country

ACTIVELy MANAgINg COSTS, CARE AND OVERALL EMpLOyEE HEALTH

Providingtherighthealthcarecoverageandaccesstotreatmentisthefirstpartofthejourney.Withmedicalinflationarycostscontinuingtorise,itisimperativethatgroupclaimsandcostsareactivelymanaged.

Nexus can continue to support your business on this journey by delivering a program of plan awareness, health awareness/employee education and health screening. All of these activities will ultimately enable your employees to maximize the value derived from your health care program, whilst your business can effectively manage and control its expenses.

Theysaythat“preventionisbetterthanacure”andit’susuallylesspainful,bothphysically&financially.

group Medical, Health and Wellbeing

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group Life, personal Accident/Disability and Income protection

pROTECTINg yOUR EMpLOyEES, THEIR fAMILIES AND yOUR BUSINESS

BenjaminFranklinfamouslywrote‘Inthisworldnothingcanbesaidtobecertain,exceptfor‘Death&Taxes’.Unfortunately,whilsttheformerremainsinevitable,itistheunexpectedtimingthatcancauseimmediate problems.

Duringourworkinglivesweallhopetobeabletosupportourselves,ourfamiliesandmeetourfinancialcommitments, but often lives are thrown in to turmoil by accidents or illnesses that can be fatal or a leave a permanent mark on an individual’s ability to work.

Asanemployeryouwillhavecertainlegalobligationsandfinancialcommitmentstoyouremployees,especially around occupational incidents. HR departments and business owners can easily identify where anyprescribedlegalobligationceases,butinreallifesituations(occupationalorotherwise)thereareoftenfar more complex and moral issues to consider. At what point would your organization see a widowed fam-ily evicted from their home or when would you cease to support a terminally ill employee?

REMOVE THE UNCERTAINTy

Todaythereisnoreasonforanyemployertobefacedwithsuchdifficultdecisionsandapotentiallyopenendedfinancialcommitment,withsuchawidearrayofcosteffective insuredsolutionsavailable in themarket.

Group protection plans provide 24 hr worldwide coverage and can be designed to not only protect the interests of your employees but also to help your business manage its costs and minimize any disruptions. Working with all the leading life insurers Nexus can advise on programs offering some or all of the followingbenefits:

• Deathduetoanycause;lump sum payment• Terminalillness;advancement of lump sum payment• Disappearance;lump sum payment • Accidentaldeathordismemberment;lump sum payment• Temporarydisability;incomereplacement• Permanentdisability;lump sum payment or income replacement• Spousespension;income replacement• Bodyrepatriation;lump sum payment

MEETINg EMpLOyEE EXpECTATIONS

At Nexus we understand that it’s important for you to attract and retain the very best people through the employeebenefits thatyouoffer. Increasingly, throughout theGCC,employeesarecoming toexpectaconsistentpackageofbenefitsandforany‘employerofchoice’,employeelife&disabilityprotectionwillbe a fundamental element.

Nexus can help you to design and establish a program of coverage today that will continue to support and adapt to your needs for the long term. Having the right people in your business is key to success and theirrecruitmentandretentionwithinyourorganizationwilldependuponthesupportandbenefitstheyare offered.

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MITIgATINg yOUR BUSINESS RISKS

AcrosstheGCC,privatesectoremployersarerequiredbylawtoprovideallexpatriateemployeeswithan‘EndofServiceBenefit’commonlyreferredtoasa‘gratuity’.

Withforeignbornemployeesmakingupover75%oftheworkforceintheregion(onaverage),thereisahugerelianceonimportedtalentandconsequentlyemployerstypicallyaccrueverysignificant‘gratuity’liabilities.

Historically the majority of companies have elected to retain this growing liability on the balance sheet, with the expectationofsimplypayingout‘EndofService’benefitsfromworkingcapital,butincreasinglyorganizationsarenow recognizing the risks that this approach creates for both the business itself and it’s employees.

Multinational organizations and leading local businesses recognize that gratuity liabilities should be appropriately funded to protect the company from a growing exposure and ring-fenced to protect its employees from any chance of future default.

MAKINg A DIffERENCE

Unlikelocalnationalemployees,theexpatriateworkforceisuniformlyexcludedfromthepensionsystemsandalumpsum‘gratuity’paymentistheonlymandatoryrequirementforanyformofendofservicebenefit.

The ‘gratuity’calculationvariesslightly fromcountry tocountryaroundtheGCC,but incommonwithoneanother,endofservicebenefitswillnotbesufficientforanymeaningfulretirementplanninganddonotoffertheexpatriate employee any platform for bolstering the fund with their own voluntary contributions.

In recognition of the expatriate retirement planning gap and strong competition for limited talent resources in theregion,manyemployershavechosentoexpandtheiremployeebenefitpackagesinthisreagrd.Typicalapproaches include enhancing end of service payments, or perhaps more strategically, the incorporation of some form of additional savings or pension funding.

*In a recent survey of 106 multinational and domestic organizations across the GCC, 42% of participants offer theirexpatriateworkforceenhancedendofservicebenefitsinexcessofanymandatorylabourlaw.Inthissamesurvey,justoverathirdofrespondents(34%)dothisbyofferingaretirementorsavingsplantotheiremployees. Theseenhancedbenefitsaretypicallylinkedtokeyfactorssuchasserviceperiod,seniority,jobcategoryandtheyare closely interlinked with HR talent management objectives.

*Source-TowersWatson,endofservicebenefitsME(2010)

MEETINg EMpLOyEE EXpECTATIONS

At Nexus we understand that it’s important for you to attract and retain the very best people through the employee benefitsthatyouoffer.ThroughouttheGCC,employeesarecomingtoexpectaconsistentpackageofbenefitsandforany‘employerofchoice’,savingsandretirementplanningisafundamentalelement.

Nexus can help your company to design and establish a gratuity and pension program today that will continue to support and adapt to your needs for the long term. Having the right people in your business is key to success and theirrecruitmentandretentionwithinyourbusinesswilldependuponthesupportandbenefitstheyareoffered.

End of Service Benefit – Gratuities, Pensions and Savings

THE RISKS

The role of the director is becoming increasingly demanding and dangerous in today’s corporate environment.Beholdentocompanyshareholders,financialregulatorsandgovernmentagencies,adirectorfaces potential legal liabilities on all sides. With the onset of more stringent corporate governance guidelines and increasingly complex legislation, recent years have seen a dramatic rise in the number of claims against directors both as a result of shareholder class actions and individual claims.

THE SOLUTION

Directors&OfficersLiabilityInsurance(D&O)isthemosteffectivemeansofensuringalevelofprotectionagainst the potential costs of a court case or the settlement of a claim. Failure to purchase such cover can put the personal assets of the director at risk. Considering the potential costs of the legal defense of a director,thefinancialpenaltiesincurredifthecaseislost,andthefactthatthedirector’spersonalassetsmaybeat risk, it is clearwhyacomprehensiveD&Opolicy isnowseenasanessential elementof acompany’s insurance armoury.

THE COVER

In addition to covering the cost of going to court, an effectiveD&O policy should also offer specificprotectionagainstthefollowing:

• Officialinvestigationbygovernmentsandregulators• Damagesawardedbyacourt• Civilsanctions(finesandpenalties)• Claimsmadebydissatisfiedemployees• Claimsmadeagainstthedirectorsbythecompanyitself• Claimsmadeagainstthedirectorsofsubsidiarycompanies• Claimsmadeagainstoutsideboardpositionsheldontheinsured company’s behalf

Directors and Officers Liability Insurance (D&O)

IRAQ INSURANCE

Nexus works with an IRAQ registered and licensed PROVIDER, who can arrange for policies to be “fronted” locally, providingfullcomplianceunderIRAQIlaw,forexample:

War & Terrorism InsuranceCoverage underwritten through “A” rated markets, mainly Lloyds of London.

Kidnap & Ransom InsuranceOurpartnershavehand-pickedK&RresponderswithprovenandextensiveIRAQexperience.

Emergency EvacuationOurpartnerscanprovidersafast&professionalresponseinacrisissituationanywhereinIRAQ.Theyhavemultilin-gualevacuationcoordinators&usestateofthearttechnologytoprovidearapidandstreamlinedresponse.

personal Accident (pA)ThiscoverisflexiblewithDAYRATESavailableaswellasquarterlypaymentoptionsonannualprogrammes

Medical InsuranceExclusiveMedicalPoliciesavailableforInternational&LocalPersonnel.CoverageforInandDaypatienthospitaltreatment,includinginjuryandillnessresultingfromactsofWar,Terrorism&Kidnapping.

Cargo InsuranceCompetitive terms for LAND, SEA and AIR transit cover on an “ALL RISKS” basis including WAR from anywhere in the WORLD to IRAQ.

Iraq &

Afgh

anist

an In

sura

nce

IRAQ INSURANCE

NexuscanarrangethefollowingpolicycoversinIraq:

War & Terrorism InsuranceCoverage underwritten through “A” rated markets, mainly Lloyds of London.

Kidnap & Ransom InsuranceOurpartnershavehand-pickedK&RresponderswithprovenandextensiveIRAQexperience.

Emergency EvacuationOurpartnerscanprovidersafast&professionalresponseinacrisissituationanywhereinIRAQ.Theyhavemultilingual evacuationcoordinators&usestateofthearttechnologytoprovidearapidandstreamlinedresponse.

personal Accident (pA)ThiscoverisflexiblewithDAYRATESavailableaswellasquarterlypaymentoptionsonannualprograms.

Medical InsuranceExclusiveMedicalPoliciesavailableforInternational&LocalPersonnel.CoverageforInandDaypatienthospitaltreatment,includinginjuryandillnessresultingfromactsofWar,Terrorism&KidnappinginIraq.

Cargo InsuranceCompetitive terms for LAND, SEA and AIR transit cover on an “ALL RISKS” basis including WAR from anywhere in the WORLD to IRAQ.

AfgHANISTAN INSURANCE

With the rebuilding of Afghanistan, more and more individuals and organizations are working in such cities as Kabul, Kandahar, Helmand and other parts of the country. It is essential to have the right insurance to cover WAR, TERRORISM and other RISKS associated with operating in a complex and challenging environment like Afghanistan.

NexuscanprovidecompetitiveInsuranceProductsInthefollowingareas:

• Cargo Insurance• Casualty&MedicalInsurance• Construction&Engineering• Kidnap,Ransom&Extortion• War&Terrorism• Political Risk

Iraq and Afghanistan Insurance

WHAT IS IT?

Kidnap,RansomandExtortionInsuranceprovidesnumerousbenefitsandservicestotheapplicantandtheinsured.Kidnap,Ransom&ExtortionInsuranceprovidescoverageforkidnappingsandothereventsthroughacombinationoffinancialindemnificationandexpertcrisismanagement.

SUMMARy Of COVERAgE

Insured Events covered under a policy are Kidnap, Extortion, Detention and Hijack.

first and foremost a Kidnap & Ransom policy is a reimbursement policy only, therefore costs and fees associated with following main areas, can be met:

◊ The surrendered ransom

◊ The loss of the ransom in transit

◊ The fees and expenses of the appointed response consultants

◊ Additionalexpensesinclude: • 100%ofakidnappedordetainedinsuredpersonsgrosssalary • Thefeesandexpensesifinterpretersand/orpublicrelationsconsultants • Travelandaccommodationcostsofthevictim’sfamilytotakethemtothecountryofincident • Costsforindependentmedicalcareand/orpsychiatriccareincurredduringthe12months following release • Costofcommunication/recordingequipmentandadvertisingusedtoobtainreleaseofthevictim • Restandrehabilitationcostsincurredbythevictimandtheirfamilywithin6months following release • Allreasonableexpensesincurredbythepersonsinsured,theirimmediatefamilyorbusiness

◊ PersonalAccidentbenefitinrespectofDeath,PermanentTotalDisablement

Besides insurance companies can also utilize crisis management teams and employee training in what to do in a hos-tage situation to minimize losses due to kidnap or ransom.

Kidnap

Ranso

m & Ex

tortio

n Ins

uranc

e

WHAT IS IT?

Kidnap, Ransom and Extortion Insurance provides numerous benefits and services to the applicant and the insured.Kidnap,Ransom&ExtortionInsuranceprovidescoveragefor kidnappings and other events through a combination of financialindemnificationandexpertcrisismanagement.

SUMMARy Of COVERAgE

Insured Events covered under a policy are Kidnap, Extortion, Detention and Hijack.

first and foremost a Kidnap & Ransom policy is a reimbursement policy only, therefore costs and fees associated with following main areas, can be met:

• The surrendered ransom

• The loss of the ransom in transit

• The fees and expenses of the appointed response consultants

• Additionalexpensesinclude:

º 100% of a kidnapped or detained insured persons gross salary

º The fees and expenses of interpreters and/or public relations consultants

º Travel and accommodation costs of the victim’s family to take them to the country of incident

º Costs for independent medical care and/or psychiatric care incurred during the 12 months following release

º Cost of communication/recording equipment and advertising used to obtain release of the victim

º Rest and rehabilitation costs incurred by the victim and their family within 6 months following release

º All reasonable expenses incurred by the persons insured, their immediate family or business

• PersonalAccidentbenefitinrespectofDeath,Per-manent Total Disablement

Kidnap Ransom and Extortion Insurance

Kidnap Ransom and Extortion Insurance (continued)

Ransom DemandsRansom demands can be overwhelming with more than 14 countries recording cases of $25,000,000 or more in recent years. While kidnappers usually settle for between 10 and 20 percent of the demand, in certain territories they refuse to negotiate and use excessive violence to achieve their aims. It is estimated that over the last 6 years, kidnappings around the world have increased by 100%.

OutcomesMost kidnappings are carried out in order to obtain a ransom, and in most cases, a ransom is paid. Rescues are rare, largely because the authorities in most countries recognize that the safety of the victim is paramount. Kidnappings can occur anywhere.

Benefits & ConclusionsKidnap and Ransom insurance plans provide assistance to a business with regard to independent investigations, negotiations, arrangement and delivery of funds, and numerous other services vital to a safe, speedy and satisfactory resolution.

Extortionists don’t discriminate. Any company of any size can be a target for extortion threats against the company and its employees. People tend to associate business extortion and kidnapping with global companies. The fact is, Kidnap, Ransom and Extortion Insurance will help you to manage the costs associated with an extortion threat including but not limited to your products, proprietary information, computer system or your people which could besignificantenoughtopushasmall tomedium-sizedcompanytoitsfinanciallimits.

Besides insurance companies can also utilize crisis management teams and employee training in what to do in a hostage situation to minimize losses due to kidnap or ransom.

Coverage is on a named basis, with sums insured on an individual basis or aggregate amounts dependent on requirement&circumstancessuchas:

• Providing kidnap insurance for a particular timeframeoratriptoaspecificarea,liketheGulfof Aden, Iraq or Afghanistan.

• Covering named employees working in dangerous places, or provide group kidnap insurance which you can allocate to a different executive each time someone visits a particular area

• Protecting an individual or family during a round the trip or a contract that takes you to a kidnap hotspot

• Covering your global operation against extortion or other threatening scenarios

THE RISKS

All companies or individuals that provide services to a client must face up to the prospect of a court action. The rise in litigation worldwide in recent years is showing few signs of abating. An ever-increasing regulatory burden is leaving companies exposed to the risks of compliance oversight, while the threat of spurious claims or the problems caused by simple human error remain ever present for even the most sophisticated of organizations. With legal costs on the up andsettlementsalwaysrising,failuretopurchaseadequateinsurancecouldspellfinancialdisaster.

THE SOLUTION

AProfessionalIndemnity(PI)policyisthemosteffectivemeansofprovidingafirmwiththeprotectionitneedsagainst a claim.

Wewillworkcloselywithyoutoensureasolutiontailoredtomeetyourspecificrequirements.Ourbroadrangeofexpertisemeansthatwecanprovidethisservicetoafullspectrumofprofessions,including:

• Accountants• Architects• Consultants• Engineers• InsuranceBrokers

• ITConsultantsandCompanies• Legal• ManagementConsultants• Surveyors

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THE RISKS

All companies or individuals that provide services to a client must face up to the prospect of a court action. The rise in litigation worldwide in recent years is showing few signs of abating. An ever-increasing regulatory burden is leaving companies exposed to the risks of compliance oversight, while the threat of spurious claims or the problems caused by simple human error remain ever present for even the most sophisticated of organizations. With legal costs on the up and settlements always rising, failure to purchase adequate insurance couldspellfinancialdisaster.

THE SOLUTION

AProfessionalIndemnitypolicy(PI)isthemosteffectivemeansofprovidingafirmwiththeprotectionitneedsagainst a claim.

Wewillworkcloselywithyoutoensureasolutiontailoredtomeetyourspecificrequirements.Ourbroadrangeofexpertisemeansthatwecanprovidethisservicetoafullspectrumofprofessions,including:

• Accountants• Architects• Consultants• Engineers• InsuranceBrokers• ITConsultantsandCompanies• Legal• ManagementConsultants• Surveyors• MediaGroups

professional Indemnity

WORKMEN’S COMpENSATION INSURANCE

Workmen’s Compensation Insurance is designed to protect the employer against their liabilities to employees in respect of injuries suffered by them in the course of their employment as per The Labour Law / Workmen’s Compensa-tionOrdinance.IntheUAEcompensationisgovernedbyChapter8ofFederalLawno.1980.

ThebasicbenefitsfollowtheLaw:

1. Occupational Death 24 months of the worker’s last remuneration before the death subject to a minimum of AED 18,000

and a maximum of AED 35,0002. permanent Disability PercentageofDeathbenefitsasperthespecifiedscalebasedona100%SumInsuredofAED35,0003. Loss of Wages (cash allowance) Uptofirstsixmonths100%offullsalary Balance six months 50% of full salary4. Medical Expenses Incurred at local Government or public medical centres are reimbursable,

Enhancementstocoverageareavailable,atadditionalpremiums:

• 24 Hour Coverage:whichincludesaccidentsoccurringwithintheTerritorialLimitsbutoutsidework-ing hours

• Medical Expenses:extendedtocovertreatmentinPrivateClinics/HospitalsforexamplelimitedtoAED 20,000 per person/per accident

• Repatriation Expenses:intheeventofPermanentDisability/Death.Thisextensionreimbursesthecostof transporting the Body/Employee to his/her home country

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WORKMEN’S COMpENSATION

Workmen’s Compensation Insurance is designed to protect the employer against their exposure to injuries suffered by the employees in the course of their employment, as per The Labour Law/Workmen’s Compensation Ordinance. In the UAEcompensationisgovernedbyChapter8ofFederalLabourLawno.1980.

ThebasicbenefitsfollowtheLabourLaw:

• Occupational Death 24 months of the worker’s last remuneration before the death subject to a minimum of AED 18,000 and a maximum of AED 35,000

• permanent Disability VariouspercentagesofDeathbenefitsasperthespecifiedscalebasedona100%SumInsuredofAED35,000

• Loss of Wages (cash allowance) Uptofirstsixmonths100%offullsalary Balance six months 50% of full salary

• Medical Expenses Incurred at local Government or public medical centres are reimbursable,

Enhancementstocoverageareavailable,atadditionalpremiums:

• 24 Hour Coverage:whichincludesaccidentsoccurringwithintheTerritorialLimitsbutoutsideworkinghours• Medical Expenses:ExtendedtocovertreatmentinPrivateClinics/HospitalsforexamplelimitedtoAED20,000per

person/per accident• Repatriation Expenses:IntheeventofPermanentDisability/Death.Thisextensionreimbursesthecostoftransporting

theBody/Employeetohis/herhomecountry,forexample:limitedtoAED20,000perpersonperaccident• Negligence of fellow employees:Thesearecaseswhereanemployeemaybevicariouslyliableowingtohis

negligent action resulting in injuries to a fellow employee

EMpLOyERS LIABILITy

This coverage provides protects protection for the EMPLOYER, against Claims Made by the employee under Common/ShariahLawuptoaselectedlimitofIndemnity,forexampleUSD1Million.

JurisdictionalareascanbeextendedtoWorldwideorWorldwideexcludingUSA/Canada,dependantontheentity’sexposure.

AnEmployermayincurLiabilityinavarietyofways:

• NegligenceoftheEmployerinfailingtousereasonablecareandskillin:º providing suitable Plant and Machineryº providing a safe place of workº providing a safe system

Workmen’s Compensation/Employers Liability

BACKgROUND INfORMATION

Career Ending DisabilityIn England, Germany, Italy and Spain between 30 and 40 football players are forced to retire every year through injury. A football club needs to protect the market value of its players. Forexample,ifaplayer’stransferfeeisEUR10,000,000andthe player is subsequently injured, the club would stand to lose the full value. A career ending disability insurance policy allows the club to replace the injured player; either through a new purchase or alternatively to pay the salary of a player it may sign for a short period. Insurance can be purchased for the whole team or for a few key players.

If career ending disability cover is not the right solution, insurance can be bought to protect a football club as a result of a catastrophic accident. This covers accidental death only, on a 24 hour basis. Options are also available to include war and terrorism.

Clubs can purchase the insurance with the club as the beneficiary or alternatively purchase insurance with theplayerasthebeneficiaryaspartofacontractualobligation.

Wage roll protection (Temporary Total Disablement)Generally, a club’s major cost is the wages it pays its players.

Playercontractscanbeguaranteedforafixedtermoftenover many years. This means that if the player suffers a serious injury on the first day of his contract the club iscontracted to pay the player’s wages for the remainder of the duration of that contract.

Wageroll Protection is a product developed with specialist sports insurers providing protection for clubs with players on guaranteed contracts. The sums insured can be the total wageroll for the players to be covered or a proportion of a player’s annual wage. Policies, including excesses and benefitperiod,are tailored toacluborgoverningbody’sspecificneeds.

MANAgEMENT

Event CancellationWe understand the financial exposures that businessesface following an event being cancelled and can design insurance solutions that protect you against an insured financiallossthatmayfollow.

By structuring a comprehensive insurance strategy, we can take away the uncertainty. This presents a more attractive investment to all stakeholders including football club owners, broadcasters, sponsors, spectators and players.

Organising events represent a significant investment;cancellation insurance ensures that investment is properly secured against unexpected circumstances.

prize IndemnityA prize indemnity programme is a great way to bring an exciting new dimension to football matches for your spectators, participants and importantly, your TV audience.

It can bring an additional level of entertainment to football by offering significant financial rewards. For what canbe an attractive premium, you can provide interactive entertainment to your viewing audience bringing them closer to the action than ever before.

Eventswherewecanfacilitateinsurance,forexample:AGolden Goal and many more. In partnership with you, we can design a prize indemnity programme to suit your promotional needs.

Sports Disability

Sports Disability (continued)

STADIA

property RiskWe have expertise in designing and placing property programmes for stadium risk. Our combined expertise within the global property market along with our specialist sports experience and knowledge, provide the most innovative and dynamic risk transfer solutions.

Within the area of stadium the following areas of exposure form key considerations in designing an Insurance programme:

• Property damage• Business Interruption / Consequential Loss• Terrorism• Construction/Redevelopment• Light Towers• Scoreboards• Television Screens

public Liability (Stadia)The complexity of risk within stadia stems from the diverse relationships a stadium owner will have from any one event to the next. Depending on each individual stadium, the following areas of exposures could be present during any givenevent:

• Individuals - Participation liability following an on fieldpersonalinjurytoaplayer,refereeorofficial.

• Crowd management /safety following personal injury to spectators.

• Stadium Occupier • Contractors - Stadium owners face a considerable

contractual liability exposure. With the high hazard functions such as food and beverage, security, construction and turf management frequently being outsourced, it is essential your insurance programme is designed in conjunction with these agreements.

All of the above areas expose the stadium owner to a diverse range of risks and exposures. It is critical a comprehensive programme is designed to cater forthespecificriskprofileofyourstadium.

THE RISKS

All companies or individuals that provide services to a client must face up to the prospect of a court action. The rise in litigation worldwide in recent years is showing few signs of abating. An ever-increasing regulatory burden is leaving companies exposed to the risks of compliance oversight, while the threat of spurious claims or the problems caused by simple human error remain ever present for even the most sophisticated of organizations. With legal costs on the up and settlements always rising, failure to purchase adequate insurance could spell financial disaster.

THE SOLUTION

A Professional Indemnity (PI) policy is the most effective means of providing a firm with the protection it needsagainst a claim.

We will work closely with you to ensure a solution tailored to meet your specific requirements. Our broad range of expertise means that we can provide this service to a full spectrum of professions, including:

• Accountants• Architects• Consultants• Engineers• Insurance Brokers

• IT Consultants and Companies• Legal• Management Consultants• Surveyors

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Personal and FamilyRisk is something we live with all the time. No element of our lives is completely risk-free. Therefore it makes sense to take steps to protect yourself and your family against the chance that a risk may occur

You already do this- When you get into your car, do you fasten your

seatbelt and that of your children?- Do you have a sprinkler system in your apartment

or villa?- Do you eat healthily?You do all these things to protect yourself against the downside risks associated with the type of life you lead.

Yet…• Accidents do happen• Illnesses do occur• People die, and others have to live with the

consequences

Business We are probably more comfortable with the concept of risk in our working lives. Our companies may have risk mitigation, business continuity and disaster recovery plans in place. We carry out regular audits to check for risks.

Have you?- Considered the risks your business runs should a key

person die or suffer a serious illness and be unable to work?

- Thought what would happen to your business if you were unable to work through illness or, worse still, to die?

- Considered what would happen to your family and their lifestyle should you not be around to support them?

Nexus cannot stop these things from happening. But, we can help you to safeguard yourself and your family against the financial consequences. We can stop a human tragedy from becoming a financial catastrophe.

Life InsuranceAt Nexus, we work with both international and local insurance companies, so that we can be sure to meet the exact requirements of our clients.

Through these, we have access to - Whole of Life products that provide cover throughout

the lifespan of the beneficiary- Term Life products that provide cover throughout a

specified period, often to complement a particular risk.

Critical IllnessThrough these partners, we are able to provide insurance should any of the specified illneses on your policy occur, such as heart attack, cancer or stroke, which cause you to be off work for an extended period of time. The insurance covers treatment, nursing costs and other expenses, for example, your mortgage payments.

Our processesClients are the centre of our world. Before we offer advice, we carry out a comprehensive ‘financial diagnosis’ to understand your circumstances, what you are trying to achieve and what risks you want and need to insure against. Our in-house quality assurance department double checks the advice we provide, before we submit the file to the insurance company – we are meticulous in ensuring that we provide the right advice.

In addition to the initial advisory process, we offer ongoing service, to ensure that the cover you have taken remains appropriate throughout your life – after all, circumstances change and so do levels and types of risk.

Our AdvisersAll our Advisers are qualified, through the Chartered Insurance Institute, and we provide them with rigorous training when they join us, and ongoing training throughout their service with us.

They are all overseen by qualified managers, who provide on-the-job training and coaching, as well as providing a front line quality control on all advice.

Nexus provides the best advice possible, to ensure you receive the best service and the best solution to your protection needs.

Protecting the Downside Risk

THE RISKS

All companies or individuals that provide services to a client must face up to the prospect of a court action. The rise in litigation worldwide in recent years is showing few signs of abating. An ever-increasing regulatory burden is leaving companies exposed to the risks of compliance oversight, while the threat of spurious claims or the problems caused by simple human error remain ever present for even the most sophisticated of organizations. With legal costs on the up and settlements always rising, failure to purchase adequate insurance could spell financial disaster.

THE SOLUTION

A Professional Indemnity (PI) policy is the most effective means of providing a firm with the protection it needsagainst a claim.

We will work closely with you to ensure a solution tailored to meet your specific requirements. Our broad range of expertise means that we can provide this service to a full spectrum of professions, including:

• Accountants• Architects• Consultants• Engineers• Insurance Brokers

• IT Consultants and Companies• Legal• Management Consultants• Surveyors

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Creating Your Financial Future

What does your future hold?Do you have a picture of the future? You have achieved everything you wanted achieve and now you are comfortably retired, enjoying your favourite hobby, spending time with your grandchildren, taking on new challenges or simply relaxing with your partner.

Now, money does not make you happy, but you can be a lot happier if you have sufficient money to enjoy your life after work than if you have too little and are constantly worrying about how you are going to fund your next expenditure.

There are basically three ways of providing this money…

SavingSaving is a discipline – you save a certain amount every month, according to how much you can afford, to create a nest egg that you can use for a range of purposes. There is always something that you would like to spend your money on today, but you cannot, if you have made a commitment to the future – so there is a short-term pain to avoid a long-term regret.

InvestingInvesting involves using the money you have saved to create wealth, through the power of compounding. It demands you take a long-term approach to wealth creation, avoiding ducking in and out of the stock market.

WindfallsWindfalls are pieces of luck in your life – such as receiving an inheritance or winning the lottery. They are a joy when they happen, but tend to be a poor basis on which to plan your long-term financial future.

Avoiding MistakesAlthough it may sound obvious, one of the services we are able to offer our clients is help them to avoid making some of the many mistakes that investors typically make, such as poor planning, over-committing themselves, becoming over-confident or becoming overloaded with information.

Regular Savings At Nexus, we work with both international and local insurance companies, so that we can be sure to meet the exact requirements of our clients.

Through these providers, we have access to a range of regular savings plans that meet every need of our clients to save for their future, whether it be medium or long-term.

Further, investing through these international companies ensures the portability of your money, which is important if you are not going to spend your whole life in one region.

Lump Sum InvestmentsThrough these same partners, we are able to provide access to plans that accept lump sums (and some that accept both lump sums and regular savings).

Investment ChoiceIn addition to providing the products, we are able to access an extensive range of investments that will meet every need.

Our processesThrough our processes, we are able to identify your current risk appetite. This is important in making the decision about where to invest your money. Risk appetite is fairly stable over your lifetime, although you are likely to become more risk averse as you get older, as your ‘recovery time’ reduces.

Alongside your risk appetite, we will investigate your ‘tolerance for volatility’, and your ‘capacity for loss’, both important features of any investment decision.

Writing a willWill writing is a specialized field, we realise the importance of having and reviewing a will, and can advise you on how to go about it. This will help you to safeguard your wealth, and ensure it is distributed as you would wish.

Our AdvisersAll our Advisers are qualified through the Chartered Insurance Institute, and we provided them with rigorous initial and ongoing training, as well as regular market updates and exposure to fund managers.

This training and exposure makes them competent and keeps them sharp in the investment world.

Dubai

Nexus Insurance Brokers LLC

OfficeNo.402,4thFloor

Building No. 1 Emaar Square

PO Box 124422, Dubai

UnitedArabEmirates

Telephone + 971 4 323 1111

Fax +971 4 323 1112

Abu Dhabi

Nexus Insurance Brokers LLC

3rdFloor,AlGhaithOfficeTower

Hamdan Street

PO Box 94455, Abu Dhabi

UnitedArabEmirates

Telephone + 971 2 626 6669

Fax +971 2 626 3322

Kingdom of Bahrain

Nexus Financial Services WLL

1st Floor, Al Matrook Building

Diplomatic Area

PO Box 20218, Manama

Kingdom of Bahrain

Telephone + 973 1751 1777

Fax +973 1753 0600

Qatar

Nexus Financial Services WLL

QFCBranch,OfficeNo.501,5thFloor

Al Reem Building, Onaiza Street, West Bay

PO Box 200433, Doha, Qatar

Telephone +974 4410 9840 / 4411 7685

Fax +974 4410 9804 / 4411 7521

RegionalOfficeContactDetails

DubaiNexus Insurance Brokers LLC

OfficeNo.402,4thFloor

Building No. 1 Emaar Square

PO Box 124422, Dubai

UnitedArabEmirates

Telephone +971 4 323 1111

Fax +971 4 323 1112

Abu DhabiNexus Insurance Brokers LLC

3rdFloor,AlGhaithOfficeTower

Hamdan Street

PO Box 94455, Abu Dhabi

UnitedArabEmirates

Telephone +971 2 626 6669

Fax +971 2 626 3322

BahrainNexus Financial Services WLL

2ndFloor,AUBHouse

(AhliUnitedBank–HeadOffice)

Seef District, Manama

The Kingdom of Bahrain

Telephone +973 1751 1777

Fax +973 1753 0600

QatarNexus Financial Services WLL

QFCBranch,OfficeNo.501,5thFloor

Al Reem Building, Onaiza Street, West Bay

PO Box 200433, Doha

State of Qatar

Telephone +974 4410 9840 / 4411 7685

Fax +974 4410 9804 / 4411 7521

Offices

www.nexusadvice.com

LebanonNexus Financial Services WLL

Suite 2029, Level 2

Beirut Souks Louis Vuitton Building

Beirut Souks Allenby Street

PO Box 338, Beirut

Lebanon

Telephone +961 195 7545

Fax +961 195 7542

KuwaitNexusFinancialServices(InsuranceBrokers)LLC

Ahmad Al Jaber Street

Dar Al Awadi Tower

6th Floor - Block 80

Sharq

Kuwait

Telephone +965 2232 2211

Fax +965 2232 2205

Contact Details

NEXUS FOLDER INSERT Final.indd 2 6/26/12 4:08 PM