Palmarium Ltd. is an Israeli advisory firm established in 2008 providing professional services to insurance, reinsurance, and related clients. The firm's services include assisting with accounting matters, structuring commutation agreements, claims assistance, and drafting reinsurance agreements. Palmarium prides itself on its expertise in the Israeli insurance market and experience working with international reinsurers. The firm's clients include leading reinsurers and local insurers. Palmarium was founded by Tamar Almagor, who has over 20 years of experience in the Israeli insurance industry.

1. 36 Hameri Street Givataim 53330 Tel: +972-3-6728125 Fax: +972-3-6728128
+972- 972-
E MAIL: tamar.almagor@inter.net.il Cell +972-544-554425
Palmarium Ltd.
Company Profile
April 2010

2. 36 Hameri Street Givataim 53330 Tel: +972-3-6728125 Fax: +972-3-6728128
+972- 972-
E MAIL: tamar.almagor@inter.net.il Cell +972-544-554425
Palmarium Ltd. was established by Ms. Tamar Almagor in late 2008.
Palmarium is an advisory firm aiming at providing professional advisory
services in the field of insurance, reinsurance and related areas to both local
and international clients. In addition, Palmarium provides corporate finance
advisory work to clients seeking to acquire, merge or sell middle market
insurance businesses in Israel and overseas as well as cut-off and
commutation professional consultation in run-off or similar situations.
Among other, Palmarium's advisory services include the following:
• Assisting in solving different accounting matters between Reinsurers
and their local Insurance clients that need to be reconciled.
• Initiating, structuring and negotiating Commutation Agreements on
behalf of Reinsurers.
• Collecting, analyzing and conveying information needed by Reinsurers
for Facultative offers.
• Initiating and elaborating new ideas with Reinsurers' relevant to their
Israeli clients.
• Claims – assisting Reinsurers' in obtaining and summarizing detailed
information on their local clients utilizing Palmarium's intimate
acquaintance with Israel's leading law firms specializing in the insurance
and reinsurance field.
• Assisting in designing and drafting Reinsurance agreements and treaties
before they are signed.
• Serving as Reinsurer's local arm for coordinating and securing Meetings
agenda, schedule and subjects to be discussed with its clients.
addition Co-
In addition to its corporate advisory services, Palmarium has Co-
founded Policy an English Insurance Weekly Newsletter addressed to
Newsletter
professional audience
foreign professional audience who operates in the Israeli arena.

3. 36 Hameri Street Givataim 53330 Tel: +972-3-6728125 Fax: +972-3-6728128
+972- 972-
E MAIL: tamar.almagor@inter.net.il Cell +972-544-554425
Strength
Palmarium’s
Palmarium main strengths lie in the excellent understanding and familiarity
of the Israeli insurance market across its various sectors, along with an
extensive exposure to and work experience with the top tier international
Reinsurance providers. Palmarium prides itself on its professionalism and
creativity, which results in its ability to put together a comprehensive
package of professional services. Palmarium maintains close cooperation and
business relationships with the management of most of the leading
Reinsurers and International Insurance Brokers and with major Israeli
accounting and law firms and business consulting firms.
Clients
Palmarium's clients includes many of the world leading reinsurers including
Swiss Re, Hannover Re, Alea and Axis as well as local insurers, insurance
brokers and alike.
Founder
Founder
Ms. Tamar Almagor has spent the last twenty years of her working career in
the Insurance industry in Israel. Prior to establishing Palmarium, Tamar
Almagor was the Head of the Reinsurance Department, managing the
reinsurance array of the Phoenix Group, the 4th largest Insurance Groups in
Israel. Her responsibilities include among other:
• Structuring and maintaining reinsurance agreements for general insurance,
including property, engineering, liabilities, miscellaneous, motor hull, motor
bodily injury, PA and CAT risk for life and PA insurance.
• Dynamic adjustment of reinsurance agreements to the company's actual needs
while initiating applications of optimization and using decision making models.
• Forming of underwriting regulations in accordance with reinsurance agreements
and data base supporting the department's activities.
• Initiating, organizing and carrying out of financial arrangements with past
reinsurance companies that is or has been in the process of insolvency, including
companies who evaded paying outstanding debts, concluding commutation
agreements.
Ms. Almagor holds a B.A. degree in Economics with major in Insurance
studies from The Israeli College of Insurance and had graduated Certification
studies at The Israeli Insurance Institute.

4. 36 Hameri Street Givataim 53330 Tel: +972-3-6728125 Fax: +972-3-6728128
+972- 972-
E MAIL: tamar.almagor@inter.net.il Cell +972-544-554425
Below is a selective list of Palmarium's latest advisory engagements:
Advising Advising Advising
With regards to
Israeli With regards to With regards to
Insurance Groups Commutation Commutation
Financial reporting Settlements Settlements
Advising Advising Advising
With regards to With regards to
With regards to
Cut Off Reinsurance Treaties
Certain Debt
Settlement of
Settlement
portfolio companies