Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16necessary to assure the program is properly structured and supported for long term success. At present, Murray administers group programs in the healthcare, retirement, professional liability and educational sectors. Each program is unique in its structure, ownership and governance based on the individual needs of the members they represent. Consistent, however, is the high level of claims, risk control, underwriting and marketing services Murray brings to the programs in which we participate. Stephen Riley Sr. Vice President, Program Services Division Murray has represented our clients in the traditional insur- ance marketplace for more than 80 years. We anticipate this will remain our core business well into the future. However, due to traditional market cycles impacting our clients from both a capacity and pricing standpoint, Murray has made a commitment to assist them in sorting through their alternative market options. Our Program Services Division stands ready to work with our clients to determine the feasibility of self-insurance, captives and risk retention group participation. In addition to assisting in the formation of an alternative program, Murray provides the administrative services Whether considering a captive, group or association program, Murray has the professionals and experience to guide you through the options. From initial feasibility study to final implementation and support services, our long-standing professional partnerships provide a single source of resources for exploring the alternative marketplace. Program Services