Market Overview

Vault Enters South Carolina Market

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Vault, a new company that caters to the high net-worth personal
insurance market, has officially opened for business in South Carolina.
Vault differentiates itself by meeting the complex needs of this growing
segment and by providing fast, creative, flexible solutions for an
exclusive list of top agency partners and clients.

Vault offers insurance coverage and services for high-value homes, art,
jewelry, cyber and personal excess liability coverage. Vault's unique
business model, built on agent feedback, offers these solutions under
one seamless transaction through a web platform offering quick quote and
binding.

Charles Williamson, CEO, Vault said, "South Carolina has a rich history
and a thriving growth economy. We are excited to expand our business to
serve the needs of the business and social leaders in this community.
Vault is built on advice and guidance from the most professional high
net worth agents, and with them, we are here to provide top level
service and protect the lifestyles of the most successful households."

"All of us at Vault share a common passion for customer service. We hire
the best people including, Ben Hipp, an established South Carolina
insurance professional and Nicole Lindeman, an experienced personal
lines underwriting leader specializing in the high net-worth segment,
and that is what differentiates us," said Stacy Warren, Chief Experience
Officer at Vault.

About Vault

Founded in 2017, Vault is a modern insurance concept built from the
outside in, based on input from leading agents, and brought to life by
an empowered group of extraordinary professionals. The company is a
unique combination of a policyholder-owned reciprocal insurance exchange
focused on serving the unique, fast-changing needs of the affluent.
Vault is majority-owned and supported by Allied World Assurance Company
Holdings, GmbH, a global leader in insurance and reinsurance. Allied
World, a Fairfax company, provides significant capital and operational
support to Vault. Further information on Vault's product offerings and
financial ratings are available at vault.insurance.

Vault: thoughtful, dynamic, simple- built around you.

Vault is the marketing name used to refer to Vault Reciprocal Exchange,
a Florida-domiciled reciprocal insurance exchange managed by Vault Risk
Management Services, LLC as its attorney-in-fact and its affiliates.
Certain products and services may be provided by its affiliates. Not all
products and services may be available in all jurisdictions and the
terms and conditions of all products are subject to the applicable
policy language. Vault Reciprocal Exchange is rated A- by A.M. Best.

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