**EXHIBIT 5.1**

 

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| **ROYAL & SUN ALLIANCE INSURANCE GROUP PLC AND ITS GROUP SUBSIDIARIES** |
|-----------------------------------------------------------------------------|

|         |                        |                                     |                                                                             |
|--------------|-----------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| **Location** | **Principal      Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
| England      | INS HOLD                    | active                                   | Royal        & Sun Alliance Insurance Group plc (“RSAIG”)          |
| England      |                        | dormant                                  | |—Foxstern        Limited (100.00%)                                         |
| England      | Mortgages                   | active                                   | |—Royal        & Sun Alliance Insurance Finance Limited (100.00%)       |
| Australia    |                        | active                                   | |—Royal        Australia Finance Limited (100%)                             |
| England      | INS HOLD                    | active                                   | |—Royal        Insurance Holdings plc (100.00%)                             |
| England      | Holding Co                  | active                                   | |                                                                                | |—Blue        Holdco Limited (100.00%) |
| England      |                        | active                                   | |                                                                                | | | |—Thornton        Grove (Holdings) Limited (20.00%) |
| England      |                        | active                                   | |                                                                                | |—R&SA        Healthcare Administration Limited (100.00%) |
| England      | GEN INS                     | active                                   | |                                                                                | |—R&SA        Marketing Services PLC (100.00%) |
| England      | GEN INS                     | active                                   | |                                                                                | |—Royal        & Sun Alliance Insurance plc (100.00%) |
| England      | Inspection of Machinery     | active                                   | |                                                                                | | | |—B.E.        Inspection Limited (100.00%) |
| Italy        |                        | active                                   | |                                                                                | | | | | |—B.E.        Inspection Italia SRL (100.00%) |
| Italy        |                        | dormant                                  | |                                                                                | | | | | | | |—Royal        & SunAlliance Team Srl (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | |—Bretton        Financial Services Holdings Limited (100.00%) |
| England      | real estate                 | active                                   | |                                                                                | | | | | |—Archbest        Limited (100.00%) |
| England      | Mortgage Finance            | active                                   | |                                                                                | | | |—Bretton        Financial Services Limited (100.00%) |
| England      | GEN INS                     | active                                   | |                                                                                | | | |—British        and Foreign Marine Insurance Company Limited (100.00%) |
| England      | GEN INS                     | active                                   | |                                                                                | | | |—British        Aviation Insurance Company Limited (27.36%) |
| England      |                        |                                     | |                                                                                | | | | | |—Airclaims        Group Limited (50.00%) |
| England      | Finance                     | active                                   | |                                                                                | | | |—British        Engine Insurance Limited (100.00%) |
| England      | Finance                     | active                                   | |                                                                                | | | |—Cavendish        Insurance Public Limited Company (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Insurance Service Company Limited (00.70%) |
| England      |                        | dormant                                  | |                                                                                | | | |—Commercial        Bridging PLC (100.00%) |
| England      | Service Provider            | active                                   | |                                                                                | | | |—FirstAssist        Group Limited (100.00%) |
| England      |                        | active                                   | |                                                                                | | | |—Global        Aerospace Underwriting Managers Limited (50.00%) |
| England      | Mortgage Finance            | active                                   | |                                                                                | | | |—Home        Bridging Plc (100.00%) |
| England      | real estate                 | active                                   | |                                                                                | | | |—Industrial        Investments Limited (100.00%) |
| Guernsey     | GEN INS                     | active                                   | |                                                                                | | | |—Insurance        Corporation of the Channel Islands Limited (100.00%) |
| Guernsey     |                        | active                                   | |                                                                                | | | | | |—Insurance        Corporation Service Company Limited (100%) |
| England      |                        | dormant                                  | |                                                                                | | | |—Non-Destructive        Testers Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Allen        & Harris (Newbury) Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Brown        & Mumford Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Fox        & Sons (East) Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Fox        & Sons (South) Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Fox        & Sons Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Fox        Commercial Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Fox        Professional Services Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Fox        Property Services Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—John        Thornborrow & Company Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Kent        Insurance Company Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Law        Union and Rock Company Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Legal        Assistance Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Moody        & Co. (Estate Agents) Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Oyston        and Longden & Cook Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Oyston        Estate Agency Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Philip        G Robinson Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Rles        Estate Agents Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Insurance Property Management Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Insurance Service Company (U.K.) Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Insurance Service Company Limited (99.30%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Life Corporate Business Services Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Life Direct Marketing Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Royal        Life Finance Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Stappard        & Hill Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Swetenhams        Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Takefine        Builders Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—The        Advice Service Limited (50.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—The        Claims Service Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—The        Finance Service Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Westgate        House Nominees (1993) Limited (100.00%) |
| Peru         | GEN/LIFE INS                | active                                   | |                                                                                | | | | | | | |—Rimac        Internacional Compania De Seguros Y Reaseguros (6.47%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Westgate        House Nominees Holdings Limited (100.00%) |
| England      |                        | dormant                                  | |                                                                                | | | | | |—Westgate        House Nominees Limited (100.00%) |
| scotland     |                        | dormant                                  | |                                                                                | | | | | |—Westgate        Properties (Scotland) Limited (100.00%) |
| Jersey       | Holding Co                  | active                                   | |                                                                                | | | |—PHS        Holdings Limited (100.00%) |
| England      | GEN INS                     | active                                   | |                                                                                | | | | | |—Pet        Healthcare Services Limited (100.00%) |
| England      | GEN INS                     | active                                   | |                                                                                | | | |—Royal        & Sun Alliance Insurance (Global), Limited (100.00%) |
| Peru         | GEN/LIFE INS                | active                                   | |                                                                                | | | | | |—Rimac        Internacional Compania De Seguros Y Reaseguros (5.57%) |
| England      | GEN INS                     | active                                   | |                                                                                | | | | | |—The        Marine Insurance Company Limited (15.00%) |
| Ireland      | Holding Co                  | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Insurance (Ireland) Limited |
| Ireland      |                        | dormant                                  | |                                                                                | | | | | | | |—Naproch        Limited (100%) |
| Ireland      |                        | dormant                                  | |                                                                                | | | | | | | |—Ribbesford        Limited (100%) |
| India        | IT services                 | active                                   | |                                                                                | | | |—Royal        & Sun Alliance IT Solutions (India) Private Limited (100.00%) |
| England      | INS HOLD                    | active                                   | |                                                                                | | | |—Royal        & Sun Alliance Life Holdings Limited (100.00%) |
| England      | COMP INS                    | active                                   | |                                                                                | | | | | |—Phoenix        Assurance plc (100.00%) |
| England      | real estate                 | active                                   | |                                                                                | | | | | | | |—Clearfol        Investment Limited (100.00%) |
|         |                        |                                     |                                                                             |   |   |   |   |   |   |

 

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| **Location**            | **Principal      Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|-------------------------|-----------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| England                 |                        | active                                   | |                                                                                | | | | | | | |—Property        Growth Assurance Company Limited (100.00%) |
| England                 | LIFE INS                    | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Linked Insurances Limited (100.00%) |
| England                 | Pensions                    | active                                   | |                                                                                | | | | | | | | | |—Royal        Life (Unit Linked Pension Funds) Limited (100.00%) |
| England                 | INS HOLD                    | dormant                                  | |                                                                                | | | | | |—Royal        Life Holdings Limited (100.00%) |
| England                 | LIFE INS                    | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Life & Pensions Limited (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Life Insurance Services Limited (100.00%) |
| England                 |                        | dormant                                  | |                                                                                | | | | | | | |—Royal        & Sun Alliance Pensions Trustee Services Limited (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | | | | | |—Royal        Life (Unit Linked Assurances) Limited (100.00%) |
| England                 | LIFE INS                    | active                                   | |                                                                                | | | | | |—Sun        Alliance and London Assurance Company Limited (100.00%) |
| England                 |                        | dormant                                  | |                                                                                | | | | | | | |—Imbercourt        Limited (100.00%) |
| England                 |                        | dormant                                  | |                                                                                | | | | | | | |—Sun        Alliance Pensions Life & Investment Services Limited (100.00%) |
| England                 | LIFE INS                    | active                                   | |                                                                                | | | | | |—Sun        Alliance Linked Life Insurance Limited (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | | | |—Sun        Alliance Pensions Limited (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | |—Royal        & Sun Alliance Property Services Limited (100.00%) |
| England                 |                        | dormant                                  | |                                                                                | | | | | |—M.I.Finance        (Wakefield) Limited (99.02%) |
| Northern        Ireland | Finance                     | active                                   | |                                                                                | | | | | |—McQuitty        & Co Limited (100.00%) |
| England                 | GEN INS                     | active                                   | |                                                                                | | | |—Royal        & Sun Alliance Reinsurance Limited (100.00%) |
| Peru                    | GEN/LIFE INS                | active                                   | |                                                                                | | | | | |—Rimac        Internacional Compania De Seguros Y Reaseguros (2.52%) |
| Uruguay                 | GEN INS                     | active                                   | |                                                                                | | | |—Royal        & Sun Alliance Seguros (Uruguay) SA (30.00%) |
| Peru                    | GEN INS                     | active                                   | |                                                                                | | | |—Royal        & SunAlliance – Seguros Fenix (64.9%) |
| Peru                    | Non-Insurance               | active                                   | |                                                                                | | | | | |—Servicios        e Inversiones Fenper SA (99.90%) |
| Peru                    | LIFE INS                    | active                                   | |                                                                                | | | | | |—Royal        & SunAlliance Vida (Peru) (70.00%) |
| England                 | finance                     | active                                   | |                                                                                | | | |—Royal        Insurance (U.K.) Limited (100.00%) |
| Netherlands             |                        | active                                   | |                                                                                | | | |—Royal        Insurance Global B.V. (100.00%) |
| India                   | GEN INS                     | active                                   | |                                                                                | | | |—Royal        Sundaram Alliance Insurance Company Limited (26.00%) |
| England                 | Finance Leasing             | active                                   | |                                                                                | | | |—Royal        Insurance Leasing Limited (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | |—Royal        Insurance Operational Services (UK) Limited (100.00%) |
| England                 | GEN INS                     | active                                   | |                                                                                | | | |—Royal        International Insurance Holdings Limited (100.00%) |
| Chile                   | GEN INS                     | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Seguros (Chile) SA (95.40%) |
| Chile                   |                        | active                                   | |                                                                                | | | | | | | |—Servilar        SA (99.00%) |
| Chile                   |                        | active                                   | |                                                                                | | | | | | | |—Unidad        Latinoamericana Desarollo de Segurous Ltda (1.00%) |
| Singapore               | GEN INS                     | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Insurance (Singapore) Limited (100.00%) |
| Phillipines             | GEN INS                     | active                                   | |                                                                                | | | | | | | |—Federal        Phoenix Assurance Company Inc (40.00%) |
| Thailand                | GEN INS                     | active                                   | |                                                                                | | | | | | | |—Royal        and Sun Alliance Insurance (Thailand) Limited (25.00%) |
| Puerto        Rico      | GEN INS                     | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Insurance Company of Puerto Rico Inc (94.32%) |
| Puerto        Rico      | Agency                      | active                                   | |                                                                                | | | | | | | |—Overseas        Insurance Agency INC (100.00%) |
| Venezuela               | GEN INS                     | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Seguros (Venezuela) SA (99.00%) |
| Venezuela               | Premium Finance             | active                                   | |                                                                                | | | | | | | |—Inversiones        Soporte CA (100.00%) |
| Ireland                 | INS HOLD                    | active                                   | |                                                                                | | | | | |—RSA        Overseas Holdings (No 1) (0.20%) |
| Ireland                 | INS HOLD                    | active                                   | |                                                                                | | | | | | | |—RSA        Overseas Holdings (No 2) (100.00) |
| USA                     | INS HOLD                    | active                                   | |                                                                                | | | | | | | | | |—Arrowpoint        General Partnership (Delaware) (10.00%) – see • |
| USA                     | INS HOLD                    | active                                   | |                                                                                | | | | | | | |—Arrowpoint        General Partnership (Delaware) (90.00%) – see • |
| England                 | GEN INS                     | active                                   | |                                                                                | | | | | |—The        Globe Insurance Company Limited (100.00%) |
| Italy                   |                        | dormant                                  | |                                                                                | | | | | | | |—Investment        Srl (51.00%) |
| England                 |                        | active                                   | |                                                                                | | | | | | | |—Reinsurance        Group Managers Limited (25.00%) |
| Hong        Kong        | GEN INS                     | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Insurance (Hong Kong) Limited (100.00%) |
| Mexico                  | GEN INS                     | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Seguros (Mexico) S.A. (100.00%) |
| Kenya                   |                        | active                                   | |                                                                                | | | | | | | |—Royal        Insurance Company of East Africa Limited (15.00%) |
| Tanzania                |                        | active                                   | |                                                                                | | | | | | | | | |—Royal        Insurance (Tanzania) Ltd (65.00%) |
| Bermuda                 |                        | active                                   | |                                                                                | | | | | | | |—Royal        Re Management (Bermuda) Limited (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | | | | | |—RSA        Australian Investment Company Limited (100.00%) |
| England                 |                        | dormant                                  | |                                                                                | | | | | | | |—RSA        Australian Management Company Limited (100.00%) |
| Netherlands             | INS HOLD                    | active                                   | |                                                                                | | | | | | | |—RSA        Overseas (Netherlands) B.V. (100.00%) |
| Ireland                 | Investment Holding Co       | active                                   | |                                                                                | | | | | | | | | |—RSA        Overseas Holdings (Ireland) (No 3) (100.00%) |
| England                 |                        | active                                   | |                                                                                | | | | | | | | | |—R&SA        Finance (100.00%) |
| Netherlands             | INS HOLD                    | active                                   | |                                                                                | | | | | | | | | |—RSA        Overseas Holdings B.V. (100.00%) |
| Luxembourg              | INS HOLD                    | active                                   | |                                                                                | | | | | | | | | | | |—RSA        Overseas Holdings (Luxembourg) (No 1) SARL (100.00%) |
| South        Africa     | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | |—Mutual        & Federal Insurance Company Limited (37.5%) |
| Botswana                | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Mutual        & Federal Insurance Company of Botswana Limited (100.00%) |
| Namibia                 | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Mutual        & Federal Insurance Company of Namibia Limited (100.00%) |
| Netherlands             | INS HOLD                    | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & SunAlliance Benelux Holdings NV (100.00%) |
| Denmark                 | INS HOLD                    | active                                   | |                                                                                | | | | | | | | | | | |—Codan        A/S (71.66%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | |—Codan        Ejendomme II A/S (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | |—Besigtelses        Kontoret af 1914 A/S (100.00%) |
| Denmark                 | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | |—Codan        Forsikring A/S (100.00%) |
| Denmark                 | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—A/S        Forsikringsselskabet Codan Link (51.00%) |
| Denmark                 | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Codan        Pensionforsikring A/S (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Codan        Ejendomme I A/S (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Majorgaarden        A/S (12.50%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Nimes        A/S (2.00%) |
| Denmark                 | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—A/S        Forsikringsselskabet Codan Pension (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Codan        Ejendomme III A/S (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Majorgaarden        A/S (12.50%) |
| Denmark                 | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Trekroner        Forsikring A/S (100.00%) |
| Denmark                 |                        | dormant                                  | |                                                                                | | | | | | | | | | | | | | | | | |—A/S        af 24. November 1965 (100.00%) |
| Denmark                 | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Forsikringsselskabet        Privatsikring A/S (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Boligtorvet        A/s (50.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Dansk        Transportcenter A/S (3.92%) |
| Denmark                 | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | |—Forsikringsselskabet        Hafnia Liv A/S (100.00%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Dansk        Transportcenter A/S (17.69%) |
| Denmark                 |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Ejendomsselskabet        Arhus A/S (100.00%) |
|                    |                        |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |

 

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| **Location**       | **Principal        Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|--------------------|-------------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| Denmark            |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Ejendomsselskabet        11 Juni 1999 A/S (100.00%) |
| Denmark            |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Farum        Centrum A/S (100.00%) |
| Denmark            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Forsikringsselskabet        Hafnia Liv III A/S (100.00%) |
| Denmark            |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Nimes        A/S (2.00%) |
| Denmark            | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Haffina        Reinsurance Private Ltd (100.00%) |
| Lithuania          | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Lietuvos        Draudimas AB (53.08%) |
| Lithuania          | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Lietuvos        Draudimo Kreditu Draudimas UAB (51.00%) |
| Denmark            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Lietuvos        Draudimo Gyvybes Draudimas UAB (100.00%) |
| Norway             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Nordenfjeldske        Personforsikiring AS (51.00%) |
| Sweden             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Trygg        Hansa Forsakringsaktiebolag (100.00%) |
| Sweden             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Forsakringsaktiebolaget        Aktsam (100.00%) |
| Sweden             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Holmia        Forsakring AB (100.00%) |
| Sweden             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Holmia        Livsforsakring AB (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Skotsam        Invest AB (100.00%) |
| Norway             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Fjellro        A/S (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Framtidsegendom        AB (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Aktsam        Forsakringskonsult AB (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Trygg-Hansa        Forsakringsservice AB (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—KB        Trygg-Hansa Forsakringsservice AB (99.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—KB        Trygg-Hansa Forsakringsservice AB (1.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Forvaltnings        AB Trygg-Hansa (100.00%) |
| Latvia             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—AAS        Balta (51.30%) |
| Latvia             | COMP INS                      | active                                   | |                                                                                | | | | | | | | | | | | | | | |—AAS        Balta Life (94.95%) |
| Latvia             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—AS        Riga (100.00%) |
| Norway             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—Codan        Marine services AS (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—Careonline        Svenska AB (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Careonline        Finska Oy (100.00%) |
| Sweden             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Docco        AB (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | |—LSU        Limited (33.33%) |
| Canada             | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | |—Roins        Holding Limited (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—333063        B.C. Limited (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—924431        Ontario Inc (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—821458        Ontario Inc (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—788325        Ontario Inc (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—859834        Ontario Inc (100.00%) |
| Canada             | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | | | |—Roins        Financial Services Limited (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Agilon        Financial Inc. (100.00%) |
| Canada             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Ascentus        Insurance Ltd (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Agilerus        Investment Management Limited (100.00%) |
| Canada             | Holding Company               | active                                   | |                                                                                | | | | | | | | | | | | | | | |—3342484        Canada Limited (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Coast        Underwriters Ltd (80.00%) |
| Canada             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Compagnie        D’Assurance Du Quebec (100.00%) |
| Canada             | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | | | | | |—The        Johnson Corporation (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Johnson        Incorporated (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Johnson        L Inc (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Leong        Crouse Dorgan Partners Inc. (50.00%) |
| Canada             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Unifund        Assurance Company (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Unifund        Adjusting Inc (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Noraxis        Capital Corporation (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—The        CG&B Group Inc. (75.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—CG&B        Financial Services Inc. (99.90%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—CG&B        Investment Services Inc (55.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Renfrew        Thompson Insurance Ltd. (75.60%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Renfrew        Life Insurance Brokers Inc (60.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—571721        Alberta Ltd (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | | | |—Renfrew        Life Insurance Brokers Inc (40.00%) |
| Canada             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Insurance Company of Canada (100.00%) |
| Canada             | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Western        Assurance Company (100.00%) |
| New        Zealand | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | |—Royal        & Sun Alliance (New Zealand) Ltd (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Insurance (New Zealand) Ltd (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Accident Insurance Ltd (100.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | | | |—Fusion        Insurance Services Ltd (50.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—International        Marine Insurance Agency Limited (100.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Phoenix        Assurance Company of New Zealand Limited (100.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Sun        Direct Insurance Limited (100.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Superannuitants        Insurance Sevices Ltd (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Axiom        Risk & Insururance Management Limited (50.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | | | |—Axiom        Insurance Limited (100.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | | | |—Axiom        Underwriters Limited (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Liability Insurance Ltd (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Mariner        Underwriters Limited (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—AA-GIO        Insurance (50.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—AA        Insurance Limited (100%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | |—Tyndall        New Zealand Ltd (100.00%) |
| New        Zealand |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Sun        Alliance Life Re Ltd (100.00%) |
| New        Zealand | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Group Services Limited (100.00%) |
| New        Zealand | Funds Manager                 | active                                   | |                                                                                | | | | | | | | | | | | | |—New        Zealand Guardian Trust Funds Management Limited (100.00%) |
| New        Zealand | Trustee                       | active                                   | |                                                                                | | | | | | | | | | | | | |—The        New Zealand Guardian Trust Company Limited (100.00%) |
| New        Zealand | Trustee                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—New        Zealand International Trustees Limited (100.00%) |
| New        Zealand | Nominee                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—TIM        Nominees Limited (100.00%) |
| New        Zealand | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Life & Disability (New Zealand) Limited (100.00%) |
|               |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |

 

3

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| **Location**       | **Principal      Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|--------------------|-----------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| New        Zealand | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Northcroft        Nominees Limited (100.00%) |
| New        Zealand | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Superannuation Services Limited (100.00%) |
| New        Zealand | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Trust Services Limited (100.00%) |
| New        Zealand | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Retirement Investment Limited (100.00%) |
| New        Zealand | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Nominees Limited (100.00%) |
| New        Zealand | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Northcroft        Plaza Limited (100.00%) |
| Australia          | INS HOLD                    | active                                   | |                                                                                | | | | | | | | | | | |—Royal        & Sun Alliance Australia Holdings Limited (100.00%) |
| Australia          | Property                    | active                                   | |                                                                                | | | | | | | | | | | | | |—Bridge        Street Buildings Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | |—Financial        Services Training and Assessment Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | |—Liberty        Life Limited (100.00%) |
| Australia          | Fund Investment             | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Asset Management Australia Limited (100.00%) |
| Australia          | Charitable Foundation       | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Foundation Pty Limited (100.00%) |
| Australia          | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Insurance Australia Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—AMY        Corporation Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—AAMI        Car Rentals Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—All        States Auto Management Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Just        Car Insurance Agency Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Just        Home Insurance Agency Pty Limited (100.00%) |
| Australia          | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Australian        Alliance Insurance Company Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—ABBi        Pty Limited(100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Australian        Pensioners Insurance Agency Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Shannons        Auctions Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Shannons        Limited (100.00%) |
| Australia          | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Australian        Associated Motor Insurers Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—A.A.M.I.        Superannuation Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Club        Motor Insurance Agency Pty Limited (100.00%) |
| Australia          | Claims Handling             | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Certant        Pty Limited (100.00%) |
| Australia          | Underwiting                 | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Commercial        Alliance Lenders Mortgage Insurance Limited (100.00%) |
| Australia          | Credit Card Security        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Credit        Card Sentinel Pty Limited (100.00%) |
| New        Zealand | Credit Card Security        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Credit        Card Sentinel (New Zealand) Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Industrial        Rehabilitation Service Pty Limited (100.00%) |
| Australia          | Underwiting                 | active                                   | |                                                                                | | | | | | | | | | | | | | | |—National        Marine Insurance Agency Limited (100.00%) |
| Australia          | Heavy Transport Insurance   | active                                   | |                                                                                | | | | | | | | | | | | | | | |—NTI        Limited (33.33%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Fentmere        Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—RAC        Insurance Pty Limited (50.00%) |
| Australia          | Investment of Funds         | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Equities Limited (100.00%) |
| Australia          | GEN INS                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Lenders Mortgage Insurance Limited (100.00%) |
| Australia          | Compensation Insurer        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Workers Compensation (NSW) Limited (100.00%) |
| Australia          | Compensation Insurer        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Workers Compensation (SA) Limited (100.00%) |
| Australia          | Compensation Insurer        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Workers Compensation Limited (100.00%) |
| Australia          |                        | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Royvest        Pty Limited (100.00%) |
| Australia          | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Life Assurance Australia Limited (100.00%) |
| Australia          | Trustee                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Connelly        Temple Limited (100.00%) |
| Australia          | Superannuation              | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Connelly        Temple Superannuation Services Pty Limited (60.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Wealth        Matters Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Multi        Agent Training Pty Limited (20.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Nominees Pty Limited (100.00%) |
| Australia          | Superannuation              | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Connelly        Temple Superannuation Services Pty Limited (40.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Wealth        Matters Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Staff Superannuation Pty Limited (100.00%) |
| Australia          |                        | dormant                                  | |                                                                                | | | | | | | | | | | | | | | | | |—Roynom        Pty Limited (100.00%) |
| Australia          | Trustee                     | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Tank        Stream Trust (100.00%) |
| Australia          |                        | dormant                                  | |                                                                                | | | | | | | | | | | | | | | |—Tyndall        Australia Limited (100.00%) |
| Australia          | Financial Services          | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Guardian        Financial Planning Limited(100.00%) |
| Australia          | Trustee                     | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Guardian        Trust Australia Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Rusdav        Limited (100.00%) |
| Australia          | LIFE INS                    | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Financial Services Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Oceanic        Life Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | | | |—The        Life Insurance Company of Australia Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Quantum        P.B. (Melbourne) Pty Limited(100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—QPB        Accounting Services Pty Limited(100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Quantum        P.B.(Sydney) Pty Limited(100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Tasman        Asset Management Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | | | |—Tasman        Risk Management Pty Limited (100.00%) |
| Australia          | Leasing Company             | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Tyndall        Leasing Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Cameron        Walshe Service Providers Pty Limited(100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | | | |—Cameron        Walshe Australia Pty Limited(50.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—CAMWAL        Limited(100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Distribution Services Pty Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | | | |—Cameron        Walshe Australia Pty Limited(30.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Worker        Bee Pty Limited (30.67%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Royal        & Sun Alliance Portfolio Services Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—T.I.M.        Management Limited (100.00%) |
| Australia          | Unit Trust Management       | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Tyndall        Funds Management Australia Limited (100.00%) |
| Australia          | Trustee                     | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Global        Custodians Limited (100.00%) |
| Australia          | In Liquidation              |                                     | |                                                                                | | | | | | | | | | | | | | | | | | | |—Tyndall        Funds Limited (100.00%) |
| Australia          | Unit Trust Management       | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Tyndall        Funds Management (NSW) Limited (100.00%) |
| Australia          | Fund Manager                | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | |—Tyndall        Funds Management (Vic) Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Tyndall        Overseas Holdings Limited (100.00%) |
| Australia          | Holding Company             | active                                   | |                                                                                | | | | | | | | | | | | | | | | | | | —Tyndall        Holdings (NZ) Limited (100.00%) |
| Australia          |                        | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Tyndall        Property Services Pty Limited (100.00%) |
|               |                        |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |

 

4

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| **Location**       | **Principal        Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|--------------------|-------------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| Australia          | Management                    | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Management Services Pty Limited (100.00%) |
| Australia          | In Liquidation                |                                     | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Properties Pty Limited (100.00%) |
| Australia          |                          | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Vicbrow        Pty Limited (100.00%) |
| Australia          |                          | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Property Trust (100.00%) |
| Australia          | Investment                    | active                                   | |                                                                                | | | | | | | | | | | | | |—Sun        Alliance Investments Pty Limited |
| Poland             | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | |—Towarzystwo        Ubezpieczen na Zycie Royal PBK S.A.(77.70%) |
| Netherlands        | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | |—Sun        Alliance Finance B.V. (100.00%) |
| Isle        of Man | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | |—Royal        & Sun Alliance European Life & Investments Holding Limited (100.00%) |
| Isle        of Man | Reinsurance                   | active                                   | |                                                                                | | | | | | | | | | | | | |—Globe        Reinsurance (I.O.M.) Limited (100.00%) |
| Bermuda            | active                        |                                     | |                                                                                | | | | | | | | | | | | | |—Intrepid        Re Holdings Limited (38.50%) |
| Bermuda            | Reinsurance                   | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Intrepid        Re Limited (100.00%) |
| Isle        of Man | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | |—Tower        Insurance Company Limited (100.00%) |
| Isle        of Man | GEN INS                       | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Royal        Insurance Service Company (Isle of Man) Limited (100.00%) |
| Australia          | Ins Underwriter               | active                                   | |                                                                                | | | | | | | | | | | |—Royal        & Sun Alliance Global Pty Limited (100.00%) |
| Isle        of Man | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | |—RSA        Manx Holdings Limited (100.00%) |
| Chile              | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | | | |—RSA        Chilean Holdings SA (100.00%) |
| Chile              | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | | | | | |—Compania        de Seguros de Vida La Construccion (51.00%) |
| Chile              | Non-Insurance                 | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Servilar        SA (1%) |
| Chile              | Non-Insurance                 | active                                   | |                                                                                | | | | | | | | | | | | | | | | | |—Unidad        Latinoamericana Desarollo de Seguros Ltda (99.00%) |
| Ireland            | INS HOLD                      | active                                   | |                                                                                | | | | | | | |—RSA        Overseas Holdings (No 1) (99.80%) – see above for structure chart |
| Ireland            | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | |—RSA        Overseas Holdings (No 2) (100.00) |
| USA                | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | | | |—Arrowpoint        General Partnership (Delaware) (10.00%) – see • |
| USA                | INS HOLD                      | active                                   | |                                                                                | | | | | | | | | |—Arrowpoint        General Partnership (Delaware) (90.00%) – see • |
| England            |                          | dormant                                  | |                                                                                | | | | | | | |—RSA        Overseas Holdings (UK) Limited (100.00%) |
| Thailand           | GEN INS                       | active                                   | |                                                                                | | | | | | | |—Syn        Mun Kong Insurance Public Company Limited (20.00%) |
| England            |                          | dormant                                  | |                                                                                | | | |—Royal        Life Building and Construction Limited (100.00%) |
| England            |                          | In Liquidation                           | |                                                                                | | | |—Royal        Life Estates (North West) Limited (in liquidation) (100.00%) |
| England            |                          | In Liquidation                           | |                                                                                | | | |—Royal        Life Estates (South) Limited (in liquidation) (100.00%) |
| Canada             |                          | active                                   | |                                                                                | | | |—Royhold        Canada Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | |—RSA        Challenge Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | |—RSA        Claims Management Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | |—RSA        Engineering Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | |—RSA        Global Network Limited (52.00%) |
| England            | Share Scheme                  | active                                   | |                                                                                | | | |—RSA        Quest Trustee Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | |—Russell        Manning (W.P.) LIMITED (100.00%) |
| England            |                          | In Liquidation                           | |                                                                                | | | |—Stump        Properties Limited (in liquidation) (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | |—Sun        Alliance and London Insurance plc (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | |—Acrecrest        Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | |—Beacon        Insurance Company Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—British        Aviation Insurance Company Limited (29.74%) |
| England            |                          | active                                   | |                                                                                | | | | | | | |—Airclaims        Group Limited (50.00%) |
| England            | finance                       | active                                   | |                                                                                | | | | | |—Elders        Insurance Company Limited (100.00%) |
| England            | finance                       | active                                   | |                                                                                | | | | | |—Fortress        Insurance Company Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—Guildhall        Insurance Company Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—Liverpool        Marine and General Insurance Company Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—London        Guarantee & Reinsurance Company Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | |—Mynshul        Group plc (99.99%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | |—Mynshul        Holdings Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | |—Mynshul        Finance PLC (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | | | |—Lancashire        Financial Services Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | | | | | |—Newbold        Freeman Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | | | |—Mynshul        Asset Finance Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | | | |—Mynshul        Trust Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | |—Mynshul        Insurance Services Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | | | |—Mynshul        Financial Services Limited (100.00%) |
| England            | Property Investment           | active                                   | |                                                                                | | | | | |—Phoenix        Metropolitan Investments Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | |—Property        Growth (Holdings) Limited (100.00%) |
| England            | GEN INS                       | dormant                                  | |                                                                                | | | | | |—Sun        Alliance Insurance International Limited (100.00%) |
| England            | COMP INS                      | active                                   | |                                                                                | | | | | | | |—Bradford        Insurance Company Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | |—Directors        & Officers Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | |—Hazard        Management Limited (100.00%) |
| Isle        of Man |                          | dormant                                  | |                                                                                | | | | | | | |—London        Management (Isle of Man) Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | | | |—National        Vulcan Engineering Insurance Group Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | |—Vulcan        Boiler Engineering Services Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | |—Sun        Alliance Financial Risks Limited (100.00%) |
| England            | finance                       | active                                   | |                                                                                | | | | | |—Sun        Alliance Insurance UK Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | | | |—Youatwork        Benefits Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | |—Legal        Protection Group Holdings Limited (100.00%) |
| England            |                          | dormant                                  | |                                                                                | | | | | | | | | |—International        Assistance Services Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | | | |—The        National Transit Insurance Company Limited (100.00%) |
| England            | Maintenance                   | active                                   | |                                                                                | | | | | |—Sun        Alliance Management Services Limited (100.00%) |
| Japan              | Management Services           | active                                   | |                                                                                | | | | | | | |—RSA        Services KK (Japan) (100.00%) |
| Scotland           | GEN INS                       | active                                   | |                                                                                | | | | | |—The        Century Insurance Company Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—The        Northern Maritime Insurance Company Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—The        Union Marine and General Insurance Company Limited (100.00%) |
| England            | holding co                    | active                                   | |                                                                                | | | |—Sun        Alliance Insurance Overseas Limited (100.00%) |
| England            | GEN INS                       | active                                   | |                                                                                | | | | | |—Alliance        Assurance Company Limited (100.00%) |
| Thailand           | INS HOLD                      | active                                   | |                                                                                | | | | | |—Bartholomew        Holdings Limited (99.99%) |
| Thailand           | INS HOLD                      | active                                   | |                                                                                | | | | | | | |—Castle        Holdings Limited (50.98%) |
| Thailand           | GEN INS                       | active                                   | |                                                                                | | | | | | | | | |—Royal        and Sun Alliance Insurance (Thailand) Limited (5.00%) |
| Thailand           | INS HOLD                      | active                                   | |                                                                                | | | | | | | |—Cremorne        Holdings Limited (50.98%) |
|               |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |

 

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| **Location**                        | **Principal        Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|-------------------------------------|-------------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| Thailand                            | GEN INS                       | active                                   | |                                                                                | | | | | | | | | |—Royal        and Sun Alliance Insurance (Thailand) Limited (18.33%) |
| Thailand                            | INS HOLD                      | active                                   | |                                                                                | | | | | |—Castle        Holdings Limited (49.02%) |
| Thailand                            | GEN INS                       | active                                   | |                                                                                | | | | | | | |—Royal        and Sun Alliance Insurance (Thailand) Limited (5.00%) |
| Thailand                            | INS HOLD                      | active                                   | |                                                                                | | | | | |—Cremorne        Holdings Limited (49.02%) |
| Thailand                            | GEN INS                       | active                                   | |                                                                                | | | | | | | |—Royal        and Sun Alliance Insurance (Thailand) Limited (18.33%) |
| Malta                               |                          | active                                   | |                                                                                | | | | | |—Elmo        Insurance Agency Limited (33.33%) |
| Italy                               |                          | dormant                                  | |                                                                                | | | | | |—Investment        Srl (49.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | | | |—Phoenix        Assurance Overseas Holdings Limited (100.00%) |
| Netherlands        Antilles &   |                          |                                     | |                                                                                | | | | | | |   |   |   |   |   |   |
|      Aruba | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Insurance (Antilles) NV (51.00%) |
| Bahrain                             | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Insurance (Middle East) Limited (E.C.) (50.01 %) |
| Egypt                               |                          | active                                   | |                                                                                | | | | | | | | | |—Royal        & Sun Alliance Insurance (Egypt) S.A.E (51.00%) |
| Argentina                           | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Seguros (Argentina) SA (100.00%) |
| Brazil                              | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Seguros (Brasil) SA (100.00%) |
| Colombia                            | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Seguros (Colombia) S.A. (86.33%) |
| Colombia                            | Non-Insurance                 | active                                   | |                                                                                | | | | | | | |—Compania        Inversionista Colombian (92.00%) |
| Colombia                            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | |—Royal        & Sun Alliance Seguros de Vida (Colombia) S.A. (5.84%) |
| Colombia                            | Non-Insurance                 | active                                   | |                                                                                | | | | | | | |—Inmobiliaria        Fenix SA (94.90%) |
| Colombia                            | Non-Insurance                 | active                                   | |                                                                                | | | | | | | | | |—Compania        Inversionista Colombian (8.00%) |
| Colombia                            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | |—Royal        & Sun Alliance Seguros de Vida (Colombia) S.A. (5.84%) |
| Colombia                            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | |—Royal        & Sun Alliance Seguros de Vida (Colombia) S.A. (35.37%) |
| Colombia                            | Non-Insurance                 | active                                   | |                                                                                | | | | | | | |—Inversiones        Royal & Sun Alliance S.A (100.00%) |
| Colombia                            | Non-Insurance                 | active                                   | |                                                                                | | | | | | | | | |—Inmobiliaria        Fenix SA (5.10%) |
| Colombia                            | Non-Insurance                 | active                                   | |                                                                                | | | | | | | | | | | |—Compania        Inversionista Colombian (8.00%) |
| Colombia                            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | | | |—Royal        & Sun Alliance Seguros de Vida (Colombia) S.A. (5.84%) |
| Colombia                            | LIFE INS                      | active                                   | |                                                                                | | | | | | | | | | | |—Royal        & Sun Alliance Seguros de Vida (Colombia) S.A. (35.37%) |
| Colombia                            | LIFE INS                      | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Seguros de Vida (Colombia) S.A. (58.69%) |
| Uruguay                             | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance Seguros (Uruguay) SA (70.00%) |
| Germany                             |                          | active                                   | |                                                                                | | | | | |—SOCIETAS        VIII VERMOGENSVERWALTUNGS GMBH (100.00%) |
| France                              | GEN INS                       | active                                   | |                                                                                | | | | | |—Royal        & Sun Alliance SA (100.00%) |
| France                              |                          | active                                   | |                                                                                | | | | | | | |—Fonciere        du 5 rue de la Bourse (100.00%) |
| France                              |                          | active                                   | |                                                                                | | | | | | | |—Fonciere        du 7 et 7bis rue de Téhéran (100.00%) |
| France                              |                          | active                                   | |                                                                                | | | | | | | |—Fonciere        du 35/41 boulevard Haussmann (100.00%) |
| England                             | GEN INS                       | active                                   | |                                                                                | | | | | |—Sun        Insurance Office Limited (100.00%) |
| England                             | GEN INS                       | active                                   | |                                                                                | | | | | |—Tariff        Reinsurances Limited (100.00%) |
| England                             | GEN INS                       | active                                   | |                                                                                | | | | | |—The        London Assurance (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | | | | | |—Auk        Insurance Company Limited (100.00%) |
| Malaysia                            | GEN INS                       | active                                   | |                                                                                | | | | | | | |—Royal        & Sun Alliance Insurance (Malaysia) BHD (45.00%) |
| Malaysia                            | GEN INS                       | In Liquidation                           | |                                                                                | | | | | | | | | |—Sun        Alliance Insurance (Malaysia) SDN BHD (100.00%) |
| England                             | GEN INS                       | active                                   | |                                                                                | | | | | | | |—The        Sea Insurance Company Limited (100.00%) |
| Ireland                             |                          | dormant                                  | |                                                                                | | | | | |—The        Patriotic Assurance Company Limited (100.00%) |
| Switzerland                         |                          |                                     | |                                                                                | | | |—Rothschilds        Continuation Holdings AG (21.50%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—The        Advice Service Limited (50.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—The        Legal Protection Group Limited (100.00%) |
| England                             | GEN INS                       | active                                   | |                                                                                | | | |—The        Marine Insurance Company Limited (85.00%) |
| England                             | finance                       | active                                   | |                                                                                | | | |—The        Pennine Insurance Company Limited (100.00%) |
| England                             | real estate                   | active                                   | |                                                                                | | | |—Westgate        Properties Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—William        H Brown Limited (100.00%) |
| England                             |                          | active                                   | |                                                                                | |—Royal        & Sun Alliance Pension Trustee Limited (100.00%) |
| England                             | Management                    | active                                   | |                                                                                | |—RSA        Accident Repairs Limited (100.00%) |
| England                             | Holding Co                    | active                                   | |                                                                                | |—RSA        CRS (US) LIMITED (100.00%) |
| USA                                 |                          | active                                   | |                                                                                | | | |—Custom        Risk Solutions, LLC (33.33%) |
| England                             | Holding Co                    | active                                   | |                                                                                | |—RSA        E-HOLDINGS LIMITED (100.00%) |
| England                             | Finance                       | active                                   | |                                                                                | | | |—COVERCLICK.COM        LIMITED (100.00%) |
| England                             |                          | active                                   | |                                                                                | | | | | |—COVERCLICK        SERVICES LIMITED (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—Propertyxchange        Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—Propertyxchange.net        Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—Propertyxchange.org        Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—RSA        Global eVentures Limited (100.00%) |
| England                             |                          | active                                   | |                                                                                | | | |—Usecolor        Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—Vital2Me        Limited (100.00%) |
| England                             | IT                            | active                                   | |                                                                                | | | |—Wharfdome        Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—YOU@WORK        LIMITED (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | | | |—YOUATWORK        LIMITED (100.00%) |
| England                             | Property                      | active                                   | |                                                                                | |—Sequence        (UK) Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—Sun        Alliance Managed Pensions Services Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—Sun        Alliance Pension Scheme Investment Management Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—Sun        Alliance Property Construction Limited (99.97%) |
| England                             |                          | dormant                                  | |                                                                                | |—The        Leasing Service Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—The        Westminster Fire Office Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—Truscotts        Estate Agency Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—Usecolor.com        Limited (100.00%) |
| England                             |                          | active                                   | |                                                                                | |—Vital        Online Limited (20.00%) |
| England                             |                          | dormant                                  | |—Sal        Pension Fund Limited (100.00%)                                 |
| England                             | Trustee to pension plan       | active                                   | |—Sun        Alliance Fund Management Limited (100.00%)                     |
| England                             | Commercial Loans              | active                                   | |—Sun        Alliance Mortgage Company Limited (100.00%)                    |
| England                             | Holding Co                    | active                                   | |—Swinchan        Holdings Limited (100.00%)                                |
| England                             |                          | dormant                                  | |                                                                                | |—Armitage        Parfitt (Northern) Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—Capital        Care Centre Limited (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 1 LIMITED (100.00%) |
| England                             |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 10 LIMITED (100.00%) |
|                                |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |

 

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| **Location** | **Principal        Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|--------------|-------------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 11 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 2 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 3 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 4 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | |—Stuart        Hall Travel Limited (70.20%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 5 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 6 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 7 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 8 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—CASCADE        NO. 9 LIMITED (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Cash-Care        Centre Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Countrywide        Claims Recovery Limited (75.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Creswood        Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Fowden        Brothers (Insurance Services) Limited (99.50%) |
| England      |                          | dormant                                  | |                                                                                | |—Fowden        Brothers Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Foxall        and Wilson Limited (99.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Hallco        593 Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Hallco        594 Limited (50.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Hallco        595 Limited (99.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Hatfield        Group of Companies Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Hatfield        Insurance Services Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Home        Cover Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Inter-City        Leasing Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J        S Realization Number Ten Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J.S        Realization Number Four Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J.S.        Realization Number Eight Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J.S.        Realization Number Five Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J.S.        Realization Number Seven Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J.S.        Realization Number Six Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—J.S.        Realization Number Three Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—John        Buckingham (Sheffield) Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Marlborough        Investments Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Matchline        Limited (100.00) |
| England      |                          | dormant                                  | |                                                                                | |—Palmer        Hill & Co. Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Palmer        Hill (Insurance Services) Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Rulemace        Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Stanley        Holt (Insurance Services) Limited (99.50%) |
| England      |                          | dormant                                  | |                                                                                | |—Surfeal        Holdings Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Surfeal        Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Switchquote        Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—Wantage        Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | |—West        Midland Trust Limited (100.00%) |
| England      |                          | dormant                                  | |—The        London Assurance Nominees Limited (100.00%)                    |
| England      |                          | dormant                                  | |                                                                                | |—Mynshul        Group plc (0.01 %) |
| England      |                          | dormant                                  | |                                                                                | | | |—Mynshul        Holdings Limited (100%) |
| England      |                          | dormant                                  | |                                                                                | | | | | |—Mynshul        Finance PLC (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | | | | | |—Lancashire        Financial Services Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | | | | | | | |—Newbold        Freeman Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | | | | | |—Mynshul        Asset Finance Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | | | | | |—Mynshul        Trust Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | | | |—Mynshul        Insurance Services Limited (100.00%) |
| England      |                          | dormant                                  | |                                                                                | | | | | | | |—Mynshul        Financial Services Limited (100.00%) |
|         |                          |                                     |                                                                             |   |   |   |   |   |   |   |

 

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| **Location** | **Principal        Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|--------------|-------------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| USA          | INS HOLD                      | active                                   |                                                                             |   |   | *Arrowpoint        General Partnership (Delaware) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   | |—Royal        & Sun Alliance USA, Inc. (Delaware) (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   | |—Royal        Group Inc.(100.00%) |
| USA          | Real Estate                   | active                                   |                                                                             |   |   |   |   |   | |—Royal        Holdings Inc (North Carolina) (100.00%) |
| USA          | Non-Profit                    | active                                   |                                                                             |   |   |   |   |   | |—The        Royal & Sun Alliance Insurance Foundation Inc (North Carolina) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—Royal        Specialty Underwriting INC (Georgia) (100.00%) |
| USA          |                          | dormant                                  |                                                                             |   |   |   |   |   | |—Sun        Alliance USA Services Inc. (New York) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—Royal        Investment Management Company (Michigan) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—Royal        Global Management INC (New York) (100.00%) |
| Bermuda      | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—Century        Insurance Company (Bermuda) Ltd (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | |—Orion        Capital Corporation (Delaware) (89.4%) – see •• |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—Royal        Indemnity Company (Delaware) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—Marine        Indemnity Insurance Company of America (New York) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—The        Sea Insurance Company of America Inc (New York) (37.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (1.2%) – see •• |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—RSA        Financial Services Inc (Delaware) (42.9%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—OrionAuto        Inc (Colorado) (31.4%) – see ••• |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—R.S.S.,        Inc (North Carolina) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—Risk        Innovations Services & Consulting Inc (Delaware) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—Royal        Warranty Services Inc. (Florida) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—FSL        Group Inc (North Carolina) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—RSA        Surplus Lines Insurance Services Inc (Del) (100.00%) |
| Bermuda      | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—Financial        Structures Limited (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—Financial        Structures Insurance Company (New York) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—Royal        Insurance Company of America (Illinois) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—Royal        Surplus Lines Insurance Company (Connecticut) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—The        Sea Insurance Company of America Inc (New York) (40.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—Phoenix        Assurance Company of New York (New Hampshire) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—RSA        Financial Services Inc (Delaware) (23.80%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—OrionAuto        Inc (Colorado) (19.9%) – see ••• |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (1.80%) see •• |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—American        and Foreign Insurance Company (Delaware) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—The        Sea Insurance Company of America Inc (New York) (7.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—RSA        Financial Services Inc (Delaware)(7.40%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—OrionAuto        Inc (Colorado) (6.6%) – see ••• |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (0.20%) see •• |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—Marine        Indemnity (Holdings) Inc. (Delaware) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—Safeguard        Insurance Company (Connecticut) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—Charlotte        Lloyds INC (Texas)(100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—The        Sea Insurance Company of America Inc (New York) (10.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—RSA        Financial Services Inc (Delaware)(12.3%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—OrionAuto        Inc (Colorado) (6.3%) – see ••• |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (0.2%) – see ** |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | |—Globe        Indemnity Company (Delaware) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—Royal        Lloyd’s of Texas (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—Lloyd’s        INC (Texas) (100.00%) |
| USA          | Holding Company               | active                                   |                                                                             |   |   |   |   |   | | | |—B.E.I.        Services Inc (Delaware) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | | | |—Crown        & Shield Inc (North Carolina) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | | | |—Investigative        Resources Global INC (North Carolina)(100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | | | |—Protected        Settlements INC (North Caolina)(100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | | | |—Shield        Management INC (New York)(100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   | | | |—The        Sea Insurance Company of America Inc (New York) (6.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | | | |—RSA        Financial Services Inc (Delaware) (13.6%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (0.60%) – see ** |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   | |—Alternative        Risk Transfer Insurance Strategies Inc (Connecticut) (20.00%) |
|         |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |

 

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| **Location** | **Principal        Activity** |      **Status** |      **Company Name and Immediate parent shareholding** |
|--------------|-------------------------------|------------------------------------------|----------------------------------------------------------------------------------|
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | **        Orion Capital Corporation (Delaware) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | |—Clarke        & Towner, Inc (Connecticut) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   | |—The        Connecticut Indemnity Company (Connecticut) (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (1.50%) See ** |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   | |—Orion        Insurance Company (Connecticut) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   | |—Security        Insurance Company of Hartford (Connecticut) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—SecurityRe,        Inc (Connecticut) (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | | | |—Orion        Capital Corporation (Delaware) (1.4%) See ** |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (0.40%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | |—OrionAuto        Inc (Colorado) (32.20%) – see *** |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—EBI        Consulting Services, Inc (California) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—Security        Insurance Company UK Ltd (UK) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | |—JABAWWAT        Inc (Delaware) (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (0.30%) See ** |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—EFC        Property Management Inc (California) (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | | | |—Orion        Capital Corporation (Delaware) (2.40%) See ** |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   | |—The        Fire and Casualty Insurance Company of Connecticut (Connecticut) (100.00%) |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | |—Orion        Capital Corporation (Delaware) (0.60%) See ** |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   |   | | | |—OrionAuto        Inc (Colorado) (3.60%) – see *** |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   | | | |—Grocers        Insurance Company (Oregon) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | |—Orion        Capital Companies, Inc (Connecticut) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—Orion        Specialty Group, Inc (Connecticut)(100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—DPIC        Companies, Inc (California) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | | | |—DPIC        Management Services Corporation (Connecticut) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—EBI        Companies, Inc (Connecticut) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—Alternative        Risk Transfer Insurance Strategies, Inc (Connecticut) (80.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | |—Grocers        Insurance Group, Inc (Oregon) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | |—Grocers        Insurance Agency, Inc. (Oregon) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   | | | | | |—Grocers        Risk Services, Inc (Oregon) (100.00%) |
|         |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|         |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| USA          | INS HOLD                      | active                                   |                                                                             |   |   |   |   |   | ***        OrionAuto Inc (Colorado) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | |—Viking        Insurance Company of Wisconsin (Colorado) (100.00%) |
| USA          | GEN INS                       |                                     |                                                                             |   |   |   |   |   |   |   | | | |—Viking        County Mutual Insurance Company (Texas) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | |—Guaranty        National Insurance Company (Colorado) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Landmark        American Insurance Company (Oklahoma) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Peak        Property and Casualty Insurance Corporation (Colorado) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Guaranty        National Insurance Company of Conneticut (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Atlantic        Security Insurance Company (North Carolina) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Atlantic        Claims Service, Inc. (North Carolina) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Atlantic        Indemnity Company (North Carolina) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | |—Unisun        Insurance Company (South Carolina) (100.00%) |
| USA          | GEN INS                       | active                                   |                                                                             |   |   |   |   |   |   |   | | | | | |—Carolina        American Insurance Company (South Carolina) (100.00%) |
|         |                          |                                     |                                                                             |   |   |   |   |   |   |   | | | |—Orion        Auto General Agency Inc (Florida) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   |   | |—Premium        Payment Plan, Inc. (North Carolina) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   |   | |—Orion        Warranty Services Company (Colorado) (100.00%) |
| USA          |                          | active                                   |                                                                             |   |   |   |   |   |   |   | |—Intercon        Genreal Agency, Inc. (Texas) (100.00%) |
|         |                          |                                     |                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |

 

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