SOROS STRATEGIC PARTNERS

Soros Strategic Partners LP ("SSP") is a private investment vehicle intended for long term duration investments primarily for the benefit of Mr. George Soros and members of the Soros family. SSP focuses on capital-intensive start-ups, buyouts, and growth equity transactions, and seeks to acquire world class assets that can generate strong and growing cash flows.

SSP has direct experience with both capital intensive start-ups and the reinsurance industry. SSP's portfolio companies in the sector include a catastrophe reinsurer Q Re, a run-off aggregator of insurance companies Syndicate Re, a homeowner insurance provider in the Northeast US Narragansett Bay Insurance Company and a mortgage insurance company, Essent.

SSP invests in long-dated and illiquid investments. With respect to these investments, SSP focuses on generating value through growth, rather than financial engineering or highly leveraged transactions. To that end, SSP typically looks to partner with top-tier management teams seeking to establish or accelerate the growth of their business.