Robert M. Baylis

Part of Markel Group, Inc., Gryphon Holdings, Inc. is a private company that underwrites specialized commercial property and casualty insurance. The company is based in New York, NY. The company was founded by John S. Wehrle. Gryphon Holdings was acquired by Markel Group, Inc. on January 19, 1999 for $113.08 million.

Host Marriott Corp. is a real estate investment trust, or REIT, that owns 113 full-service hotel properties as of February 15, 2004, which operate primarily in the luxury and upper-upscale hotel sectors. As of December 31, 2003, Host Marriott was the largest hotel REIT in the National Association of Real Estate Investment Trust’s composite index. Host Marriott conducts its operations through Host Marriott, L.P., or Host LP, of which Host Marriott is the sole general partner.

PartnerRe Ltd. engages in the provision of multi-line reinsurance to insurance companies. It operates through the segments P&C, Specialty, and Life and Health. The company was founded in August 1993 and is headquartered in Pembroke, Bermuda.

Covance, Inc. operates as a contract research organization and drug development company. Its services include research, lead optimization, analysis services, safety assessment and drug safety testing, consulting and partnering, clinical development, informatics, clinical testing, commercialization, and manufacturing support. The company was founded on November 12, 1996 and is headquartered in Princeton, NJ.

Host Hotels & Resorts LP engages in the provision of real estate investment services. It operates hotels under brand names Marriott, Ritz-Carlton, Hyatt, Four Seasons, Fairmont, Hilton, and Westin. The company was founded on April 15, 1998 and is headquartered in Bethesda, MD.

New York Life Insurance Co. engages in the provision of insurance products and services. It offers life insurance, retirement income, long term care, investments, and premier services. The company was founded on April 12, 1845 and is headquartered in New York, NY.

Credit Suisse Securities (Canada) Inc. is a broker/dealer headquartered in Toronto, Ontario with offices worldwide. The firm is a subsidiary of Credit Suisse Group (NYSE: CS). Their equity research equity group engages in a broad range of activities for investors including sales, trading, financing, prime brokerage and market-making in U.S. and international equity and equity related securities, options, futures, risk management and hedging products. Their activities cover both exchange-traded and over-the-counter traded securities, including American depositary receipts, restricted stocks, equity repurchases, block trade executions, program trading executions, equity derivatives and convertible securities. The fixed-income franchise operates as a single, unified platform that handles all fixed-income cash and derivative products. Products and services range from securitization and liability management transactions to sales and trading and superior research.