APC appoint ex Heritage underwriter and move to the City

17th August 2009 - Commercial insurance underwriting agency APC has appointed Graham Young as
European business development director in a bid to bolster its European ambitions.

APC is to move headquarters in mid-September from Chadwell Heath, Essex to
Leadenhall Street, EC3.

These developments add to APC’s recently gained Lloyd’s accredited status and build
upon its ambition to build a presence in Europe.

Mr Young has 28 years industry experience and joins from Lloyd’s syndicate Heritage
Underwriting where he was class underwriter for fine art and UK and European
property. His experience will help APC establish a presence in Europe and also help its
existing 800 UK regional brokers develop their businesses - particularly with affinity
groups and niche specialist lines.

APC said its new location in the City, with its close proximity to Lloyd’s, will help
leverage its accredited status and direct access to Lloyd’s underwriters for the
maximum benefit of the UK business and the fledgling European operation.

Lloyd’s accreditation will allow APC the additional facility to place larger risks and a broader
range and will also increase the speed of service brokers receive.

APC chief executive officer Brian Russell said: “We are extremely pleased to be joining
the City-based insurance community and to have secured the substantial talents and
experience of Graham Young. Both will be of central importance in growing the UK
business and starting up and developing our European operations.