Matthew Grayson, age 55, has been a Director of the Company since its formation. Mr. Grayson also currently serves as
a director on certain of the Company’s affiliated AlphaCat Funds. Since 2011, Mr. Grayson has served as a principal of the
Welder Reserve Fund I, GP, an oil and gas asset management firm, and is also a director of Kapuna Pharmacy Group, Inc.,
Salient CRGT Holdings, Inc., and is a principal of Telaraña Land & Cattle Company, LLC. Mr. Grayson is also a member of
the President’s Council of Ducks Unlimited. From 2005 through 2010, Mr. Grayson served as a senior principal of Aquiline.
Mr. Grayson has 33 years’ experience in the financial services industry. In 1998, following a career in investment banking,
corporate finance and capital markets, Mr. Grayson co-founded Venturion Capital, a private equity firm that specialized in
global financial services companies. In 2005, Venturion Capital’s professionals joined with Jeffrey W. Greenberg, along with
others, to form Aquiline. The specific experience, qualifications, attributes and skills that led to the conclusion that Mr. Grayson
should serve as a director, as of the date hereof, are as follows: Mr. Grayson has extensive experience as a banker and investor
in the global (re)insurance industry. Mr. Grayson is also experienced in investment portfolio oversight and corporate finance.