disclaimer

Certain of the statements contained in this Annual Review are statements of future expectations and other forward-looking statements. These expectations are based on management?s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ from those in such statements due to, among other things, (i) general economic conditions including persistency near absence of liquidity in credit markets, in particular in NIBC’s core and niche markets, (ii) performance of financial markets, including developing markets, (iii) persistency levels, (iv) interest rate levels, (v) credit spread levels, (vi) currency exchange rates, (vii) general competitive factors, (viii) general changes in the valuation of assets (ix) changes in law and regulations, and (x) changes in policies of governments and / or regulatory authorities. NIBC assumes no obligation to update any forward-looking information contained in this document.