Michael Carpenter was appointed as a Director of Talbot Underwriting in May 2001. Mr. Carpenter joined Talbot in June 2001 as its Chief Executive Officer. Following the sale of Talbot to the Validus Holdings Ltd in the summer of 2007, Mr. Carpenter was appointed as non-executive Chairman of Talbot. Mr. Carpenter stepped down as Chairman of Talbot in March 2016, but remains a Non-Executive Director of Talbot. In 2018, Mr. Carpenter was appointed as Chair of the Remuneration Committee for Talbot Underwriting Ltd.

Prior to joining Talbot in 2001, Mr. Carpenter served as finance director and managing director of Limit plc, the UK listed Lloyd's group now part of QBE, from 1993 to 2000. Mr. Carpenter is a graduate of Cambridge University, a Member of the Chartered Institute for Securities & Investment (CISI) and a Fellow of the Chartered Accountants (ICAEW). The specific experience, qualifications, attributes and skills that led to the conclusion that Mr. Carpenter should serve as a director, as of the date hereof, are as follows: Mr. Carpenter has extensive experience in the global financial services industry, a professional background as a chartered accountant and significant expertise in the London Insurance Market.