Legal Information

Disclaimer

THE MATERIALS AND INFORMATION ON THIS WEBSITE ARE PROVIDED "AS IS" AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED. New Ocean Capital Management Limited ("New Ocean," the "Company" or "we") and its related, affiliated and subsidiary companies disclaim all warranties, express or implied, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose.

It is your responsibility to evaluate the accuracy, completeness and usefulness of any opinions, advice, services or other information provided. All information contained on any page of this website is distributed with the understanding that the authors, publishers and distributors are not rendering legal, accounting or other professional advice or opinions on specific facts or matters and accordingly assume no liability whatsoever in connection with its use. Consult your legal or tax advisor regarding your specific situation.

In no event shall New Ocean Capital Management Limited and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental or consequential damages arising from the use of the information on this website.

Hyperlinks

Some of the links available to you through this website will direct you away from New Ocean's website. New Ocean cannot guarantee that the hyperlinks on this website will be accurate at the time of your access. Third-party websites accessed through these hyperlinks are developed and maintained by person(s) over whom New Ocean has no control. We cannot and do not monitor the websites linked to from our website. Accordingly, New Ocean assumes no responsibility for the content of any website referenced by any hyperlink or otherwise. New Ocean believes that making available hyperlinks to publicly accessible websites and newsgroups is legally permissible and consistent with the common, customary expectations of those who use the Internet. These links are provided only for your convenience, and their inclusion does not constitute or imply our approval or endorsement of the websites or their content.

Press Releases and Investor Relations Materials

All press releases and other investor relations materials on this website speak only as of their original dates. These materials were, to the best of New Ocean's knowledge, timely and accurate when issued. However, the passage of time can render information obsolete, and you should not rely on the continued accuracy of any such material beyond the date of issuance.

New Ocean does not assume any duty of disclosure beyond that which is imposed by law and, except as required by law, expressly disclaims any responsibility to update any information provided on this website. You should carefully check the dates of issuance of the materials contained on this website.

Intellectual Property

All intellectual property rights – including copyrights, database rights, first publication rights, patents, trademarks and know-how – on this website and in the content published on this website, unless otherwise indicated, are owned either by New Ocean or its related, affiliated and subsidiary companies or made available to us under license by third parties. This website and all content published on this website, unless otherwise indicated, is protected by copyright. All trademarks and devices displayed on this website, unless otherwise indicated, are owned by New Ocean companies and/or our licensors and may be registered in jurisdictions across the world. Except as provided below, any use or reproduction of these trademarks and devices is prohibited.

Subject to any prohibitions stated on third-party websites accessible via hyperlinks on the website, you may view the content published on this website and are welcome to print hard copies of material on it for your personal or internal business purposes. You are also entitled to download certain files from this website made available for this purpose, which you may then use for your personal or internal business purposes. All other copying is strictly prohibited.

Forward Looking Statements

Statements that are not historical facts – including statements about our beliefs, plans or expectations – are forward-looking statements. These statements are based on current plans, estimates and expectations, all of which involve risk and uncertainty. Statements that include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will" or "may," or similar statements of a future or forward-looking nature, identify forward-looking statements. Actual results may differ materially from those included in such forward-looking statements, and therefore you should not place undue reliance on them. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes (a) changes in the size of New Ocean affiliates' claims relating to natural or man-made catastrophe losses due to the preliminary nature of some reports and estimates of loss and damage to date; (b) trends in rates for property and casualty insurance and reinsurance; (c) the timely and full recoverability of collateral placed by New Ocean affiliates with third parties or other amounts due to New Ocean; (d) New Ocean's ability to successfully implement its business strategy, especially during a "soft" market cycle; (e) greater frequency or severity of claims and loss activity than New Ocean affiliates' underwriting, reserving or investment practices anticipate based on historical experience or industry data; (f) changes in general economic conditions, including the effects of inflation and changes in interest rates, credit spreads, foreign currency exchange rates and future volatility in the world's credit, financial and capital markets that adversely affect the performance and valuation of New Ocean's investments or access to such markets, (g) the potential for changes to methodologies, estimations and assumptions that underlie the valuation of New Ocean's financial instruments that could result in changes to investment valuations; (h) the potential effect of regulatory developments in the jurisdictions in which XL operates, including regulatory developments that could impact the financial markets or increase New Ocean's business costs and required capital levels; (i) changes in applicable tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof; and (j) the other factors set forth in each New Ocean fund's private placement memorandum. New Ocean undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.