Neil is a partner and National Insurance Sector Leader of KPMG Canada s insurance industry practice, based in Toronto.

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1 Neil is a partner and National Insurance Sector Leader of KPMG Canada s insurance industry practice, based in Toronto. He has over 30 years of experience in serving insurance organizations, and his clients are predominantly domestic and multi-national insurers, reinsurers, and insurance brokers. Neil Parkinson, CA Partner National Insurance Sector Leader Toronto, Canada Direct line (416) nparkinson@kpmg.ca Specialized Skills and Experience Neil has provided accounting and auditing services to numerous insurers, reinsurers and insurance brokers throughout his career. He is currently the audit partner responsible for insurance enterprises including Allianz Insurance, Munich Reinsurance, American Reinsurance, Gore Mutual Insurance, Guaranty Company of North America, Equitable Life, FaithLife Financial, Foresters and the Ontario Workplace Safety and Insurance Board, as well as serving as audit partner or concurring review partner for several other insurers, such as Manitoba Public Insurance Corporation, SGI and the Saskatchewan WCB. Neil is the chair of the Insurance Auditors Advisory Committee to the Canadian federal financial services regulator, the Superintendent of Financial Institutions Canada, and is deeply involved in ongoing changes in Canadian insurance accounting and regulatory matters. He has extensive experience in serving insurers reporting under multiple bases of accounting, including Canadian GAAP, US GAAP and statutory, and IFRS. He has a particular focus on IFRS insurance accounting: member of the Canadian Accounting Standards Board s Insurance Accounting Task Force, which is focused on the IFRS Insurance Contracts stage 2 project member of KPMG s global IFRS Insurance Contracts Topics Team member of the Insurance IFRS Advisory Committee to the Office of the Superintendent of Financial Institutions (OSFI) one of the most recognized speakers on insurance IFRS matters in Canada Thought Leadership Neil s thought leadership contributions include: Member of the Accounting Standards Board s Insurance Accounting Task Force (2007-present);

2 Chair of the Canadian Institute of Chartered Accountants AuG-43 Audit of Actuarial Liabilities of Insurance Enterprises Task Force ( ); Accounting adviser to the Canadian Institute of Actuaries Reinsurance Task Force ( ); Co-chair of the 2010 joint CICA/CIA task force to incorporate the AuG-43 actuarial liabilities standards in the new Canadian Auditing Standards framework; Co-chair of the Canadian Institute of Chartered Accountants Communications With Actuaries Task Force ( ); Advised Canadian workers compensation boards on the basis of their financial reporting after the passage of comprehensive changes to Canadian GAAP (2004); Prepared studies on regulatory burden on the Canadian Property and Casualty insurance industry ( ), and a study comparing non-life insurance regulatory capital requirements in Canada and other major jurisdictions (2002); Contributor to KPMG s studies for the European Commission on Prudential Regulation of Reinsurance and a similar study regarding insurance (2001). Other representative projects and involvements: Advised the Office of the Auditor General Alberta on first time implementation of the new actuarial audit standards for their audit of the Alberta Workers Compensation Board (2006). Carried out due diligence work on behalf of purchasers of insurers, including P&C and life insurers or insurance blocks of business such as Liberty Health (2003), Canada Brokerlink (2000), Clarica UL block (1999), Allstate group block (1997), Prudential (1996), and AGF Nafta - Canadian Surety (1998); As part of a KPMG team to advise the Bulgarian government on establishing its Export Credit Agency (BAEZ), Neil was responsible for advice on capitalization, risk management and structural issues on credit insurance, including particularly the use of reinsurance to expand capacity and underwriting technical expertise (2000); Providing a fairness opinion regarding the proposed transfer of a credit insurance portfolio to a new joint venture ( ); Assisting a Canadian life insurance company with the implementation of an internal control self-assessment to

3 respond to the risk-based model in OSFI s Supervisory Framework ( ); Study of internal control and governance processes for a Canadian property and casualty insurer ( ); From August 1994 to 1996 Neil was deeply involved in the liquidation of Confederation Life Insurance Company. During that time he was in charge of the day to day management of Confed's group pension and insurance operations, including establishing revised procedures and controls, approvals of transactions, dealing with employer plan sponsors and employee group representatives, and chaired the Hardship Committee that reviewed interim needs for early release of funds to policyholders based on demonstrated hardship conditions, where supported by CompCorp coverages. He served on the management committee for Confed's liquidation and took a leading role in the divestiture of the annuity business blocks. Member of the Insurance Legislation Review working group for the Institute of Chartered Accountants of Ontario (1993); Strategic planning and recapitalization project for a Canadian life insurance company ( ); Consultant to the Ontario Ministry of Financial Institutions on its Insurance Review Project, which assisted in the development of policy proposals for the modernization of Ontario's insurance legislation and corporate governance for insurers ( ) Professional Qualifications and Education Bachelor of Mathematics, University of Waterloo (1977) Chartered Accountant, Ontario (1978) FCA, Ontario (2009) Publications and Presentations Neil is the author of a number of firm publications on insurance matters, and contributes articles to the firm's and independent insurance industry publications, such as the Insurance Accounting and Systems Association s IASA Interpreter, Canadian Insurance, and Canadian Underwriter. He speaks at insurance industry conferences and has frequently been interviewed on insurance matters in national newspapers, television and radio. Community Involvement Neil has been involved as a volunteer and director of numerous community organizations, including United Way, Big Brothers, Chamber of Commerce, Interfaith Pastoral

4 Counseling Centre, St. Gregory Parish and Kiwanis. Currently he is a director of the Prostate Cancer Research Foundation of Canada.

5 Specialized Skills and Experience Rob Kowalchuk, CA Associate Partner Audit Winnipeg, Canada Direct line (204) Rob is an Associate Partner in the KPMG Winnipeg office with over 19 years of experience. He has served clients in both the private and public sectors including those in the insurance industry. For the past four years, Rob has had lead partner responsibilities for the Manitoba Public Insurance audit engagement. He is currently the lead audit partner for Portage la Prairie Mutual Insurance Company and has also served Red River Valley Mutual Insurance Company and SecuriCan General Insurance Company in a lead audit partner capacity. Rob has been involved with several IFRS conversion assignments in which he has analyzed the impact of accounting differences, provided advice on technical topic papers and facilitated training workshops. Other involvements: Member of the Professional Conduct Committee of the Institute of Chartered Accountants of Manitoba ( ) Member of the Office Practice Assistance Committee of the Institute of Chartered Accountants of Manitoba ( ) Professional Qualifications and Education Bachelor of Commerce (Honours), University of Manitoba (1991) Member of the Institute of Chartered Accountants of Manitoba Member of the Canadian Institute of Chartered Accountants Community Involvement Rob is a past Board member and Treasurer of Cerebral Palsy Association of Manitoba and in 2005 received the CA Community Service Award from the Institute of Chartered Accountants of Manitoba.