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AMENDMENT NO. 1
TO THE
QUOTA SHARE RETROCESSION AGREEMENT
BETWEEN
ZURICH INSURANCE COMPANY (INCLUDING ITS BERMUDA BRANCH)
AND
CONVERIUM AG,
DATED AS OF OCTOBER 1, 2001 AND EFFECTIVE AS OF JULY 1, 2001
1.
The Quota Share Retrocession Agreement between Zurich Insurance Company (including its Bermuda Branch) (the ?Retrocedant?) and Converium AG (the ?Retrocessionaire?), dated as of October 1, 2001 and effective as of July 1, 2001 (the ?Agreement?), is hereby amended as follows:
1.1.
Paragraph (a) of Section 7.01, ?FW . . .
2177091
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Exhibit 10.13
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share Retrocession Agreement (this Agreement), dated as of
April 28, 2004, is made and entered into by and between ASSURED GUARANTY
RE OVERSEAS LTD., formerly known as ACE CAPITAL RE OVERSEAS LTD. (the
Retrocedent), an insurance company registered and licensed under the laws of
the Islands of Bermuda, and ACE TEMPEST RE USA, INC. for and on behalf of ACE
AMERICAN INSURANCE COMPANY (the Retrocessionaire), a Pennsylvania insurance
company.
In . . .
966727
|
Assured Guaranty
As referenced in this Quota Share Retrocession Agreement:
Assured Guaranty Ltd – the
Pennsylvania Insurance Department is obtained and (y) the earlier of (i)
June 30, 2004 and (ii) the date of the closing of the initial public offering
of shares of Assured Guaranty Ltd .
Section 1.2. Headings. All captions, headings or titles preceding
any Section or Article in this Agreement are solely for convenience
of reference and are not part _____________
dt 1382769
;
SCOR
As referenced in this Quota Share Retrocession Agreement:
Scor
– RGB SECTION B - ENGINEER
1997 RGB SECTION C - BANKS
39. RSA
1996 SUN ALLIANCE TRADE
2001 RSA BOND QS
2001 RSA TRADE - A&B
2001 RSA TRAVEL BOND
40. Scor
1998 SCOR CREDIT & BOND XL 1
1998 SCOR CREDIT & BOND XL 2
1999 SCOR CREDIT & BOND XL 1
1999 SCOR CREDIT & BOND XL 2
1997 _____________
SCOR – B - ENGINEER
1997 RGB SECTION C - BANKS
39. RSA
1996 SUN ALLIANCE TRADE
2001 RSA BOND QS
2001 RSA TRADE - A&B
2001 RSA TRAVEL BOND
40. Scor
1998 SCOR CREDIT & BOND XL 1
1998 SCOR CREDIT & BOND XL 2
1999 SCOR CREDIT & BOND XL 1
1999 SCOR CREDIT & BOND XL 2
1997 SOREMA PROPERTY XL
_____________
SCOR – 39. RSA
1996 SUN ALLIANCE TRADE
2001 RSA BOND QS
2001 RSA TRADE - A&B
2001 RSA TRAVEL BOND
40. Scor
1998 SCOR CREDIT & BOND XL 1
1998 SCOR CREDIT & BOND XL 2
1999 SCOR CREDIT & BOND XL 1
1999 SCOR CREDIT & BOND XL 2
1997 SOREMA PROPERTY XL
13
1998 SOREMA/INV ADMIN/JUDIC QS
_____________
SCOR – RSA BOND QS
2001 RSA TRADE - A&B
2001 RSA TRAVEL BOND
40. Scor
1998 SCOR CREDIT & BOND XL 1
1998 SCOR CREDIT & BOND XL 2
1999 SCOR CREDIT & BOND XL 1
1999 SCOR CREDIT & BOND XL 2
1997 SOREMA PROPERTY XL
13
1998 SOREMA/INV ADMIN/JUDIC QS
1998 SOREMA/INV ADMIN/JUDIC SS
1998 _____________
SCOR – amp;B
2001 RSA TRAVEL BOND
40. Scor
1998 SCOR CREDIT & BOND XL 1
1998 SCOR CREDIT & BOND XL 2
1999 SCOR CREDIT & BOND XL 1
1999 SCOR CREDIT & BOND XL 2
1997 SOREMA PROPERTY XL
13
1998 SOREMA/INV ADMIN/JUDIC QS
1998 SOREMA/INV ADMIN/JUDIC SS
1998 SOREMA/INVER CREDIT QS
1998 SOREMA/INVER _____________
dt 1441275
;
|
Technip
As referenced in this Quota Share Retrocession Agreement:
TECHNIP/ – 1998 TRYG-BALTICA HOJGAARD
1998 TRYG-BALTICA MONBERG
1998 TRYG-BALTICA NCC
1998 TRYG-BALTICA NEG MICON
1998 TRYG-BALTICA SIEMENS
1998 TRYG-BALTICA VESTAS WIND
47. Unistrat
1997 UNISTRAT TECHNIP/ EGYPT
1998 UNISTRAT TECHNIP/EGYPT
1999 UNISTRAT TECHNIP/EGYPT
2001 UNISTRAT PER COUNTRY XL2
2001 UNISTRAT PER COUNTRY XL3
48. Victoria Re
1997 VICTORIA RE CREDIT XL
1998 VICTORIA RE _____________
TECHNIP/ – 1998 TRYG-BALTICA MONBERG
1998 TRYG-BALTICA NCC
1998 TRYG-BALTICA NEG MICON
1998 TRYG-BALTICA SIEMENS
1998 TRYG-BALTICA VESTAS WIND
47. Unistrat
1997 UNISTRAT TECHNIP/EGYPT
1998 UNISTRAT TECHNIP/ EGYPT
1999 UNISTRAT TECHNIP/EGYPT
2001 UNISTRAT PER COUNTRY XL2
2001 UNISTRAT PER COUNTRY XL3
48. Victoria Re
1997 VICTORIA RE CREDIT XL
1998 VICTORIA RE CREDIT XL
14
1999 _____________
TECHNIP/ – 1998 TRYG-BALTICA NCC
1998 TRYG-BALTICA NEG MICON
1998 TRYG-BALTICA SIEMENS
1998 TRYG-BALTICA VESTAS WIND
47. Unistrat
1997 UNISTRAT TECHNIP/EGYPT
1998 UNISTRAT TECHNIP/EGYPT
1999 UNISTRAT TECHNIP/ EGYPT
2001 UNISTRAT PER COUNTRY XL2
2001 UNISTRAT PER COUNTRY XL3
48. Victoria Re
1997 VICTORIA RE CREDIT XL
1998 VICTORIA RE CREDIT XL
14
1999 VICTORIA RE - METRO XL _____________
dt 1383656
|
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Exhibit 10.14
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share Retrocession Agreement (this Agreement), dated as of
April 28, 2004, is made and entered into by and between ASSURED GUARANTY
CORP., formerly known as ACE GUARANTY CORP. (the Retrocedent), an insurance
company organized and licensed under the laws of the State of Maryland, and ACE
TEMPEST RE USA, INC. for and on behalf of ACE AMERICAN INSURANCE COMPANY (the
Retrocessionaire), a Pennsylvania insurance company.
In consideration of the mutual . . .
966732
|
Costco
As referenced in this Quota Share Retrocession Agreement:
COSTCO WHOLESALE CORP
– 1999 CNA/TOYS R US
2000 CNA AUTOZONE
2000 CNA AUTOZONE 2
2000 CNA BED BATH & BEYOND
2000 CNA BEST BUY
2000 CNA COMPAQ COMPUTER
2000 CNA COSTCO WHOLESALE CORP
2000 CNA HOUDINI
2000 CNA INGRAM MICRO
2000 CNA J.C. PENNEY
2000 CNA QVC CORP.
2000 CNA STAPLES
2000 CNA TARGET CORP. 3
2000 CNA TARGET CORP (DAYTON)
_____________
dt 1397352
;
|
SCOR
As referenced in this Quota Share Retrocession Agreement:
SCOR
– RSA BOND QS - SECTION B
2003 RSA CREDIT QS - SECTION A
2003 RSA CREDIT QS - SECTION B
2003 RSA/MARKS & SPENCER
8
2003-2 RSA/MARKS & SPENCER
24. SCOR
2002 SCOR RETRO XL
25. Segumext
2000 SEGUMEXT FACULTATIVE QS
2000 SEGUMEXT QUOTA SHARE
2001 SEGUMEXT QUOTA SHARE
26. St. Paul Internl
2002 ST PAUL FRENCH QS - _____________
SCOR – QS - SECTION B
2003 RSA CREDIT QS - SECTION A
2003 RSA CREDIT QS - SECTION B
2003 RSA/MARKS & SPENCER
8
2003-2 RSA/MARKS & SPENCER
24. SCOR
2002 SCOR RETRO XL
25. Segumext
2000 SEGUMEXT FACULTATIVE QS
2000 SEGUMEXT QUOTA SHARE
2001 SEGUMEXT QUOTA SHARE
26. St. Paul Internl
2002 ST PAUL FRENCH QS - A & B
_____________
dt 1441276
|
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EX-10.17
Exhibit
10.17
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share
Retrocession Agreement (this Agreement), dated as of April 28,
2004, is made and entered into by and between ASSURED GUARANTY RE INTERNATIONAL
LTD., formerly known as ACE CAPITAL RE INTERNATIONAL LTD. (AGRI), and
ACE BERMUDA INSURANCE LTD. (ACE Bermuda).
WHEREAS, AGRI and ACE
Bermuda have entered into that certain Per Policy Excess of Loss Second
Retrocession Agreement, effective as of January 1, 2000 (the Second
Excess of Loss . . .
966736
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Exhibit 10.50
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share Retrocession
Agreement (this Agreement), dated as of April
, 2004, is made and entered
into by and between ASSURED GUARANTY RE OVERSEAS LTD., formerly known as ACE
CAPITAL RE OVERSEAS LTD. (the Retrocedent), an insurance company registered
and licensed under the laws of the Islands of Bermuda, and ACE TEMPEST RE USA,
INC. for and on behalf of ACE AMERICAN INSURANCE COMPANY (the
Retrocessionaire), a Pennsylvania . . .
966812
|
Assured Guaranty
As referenced in this Quota Share Retrocession Agreement:
Assured Guaranty Ltd – Retrocessionaire execute and deliver this Agreement and (y) the
earlier of (i) June 30, 2004 and (ii) the date of the closing of the initial
public offering of shares of Assured Guaranty Ltd .
Section 1.2. Headings. All captions, headings or titles preceding any Section or Article
in this Agreement are solely for convenience of reference and are not part _____________
dt 1382783
| |
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Exhibit
10.51
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share Retrocession Agreement (this Agreement), dated as of
April , 2004, is made and entered into by and between
ASSURED GUARANTY CORP., formerly known as ACE GUARANTY CORP. (the Retrocedent),
an insurance company organized and licensed under the laws of the State of
Maryland, and ACE TEMPEST RE USA, INC. for and on behalf of ACE AMERICAN
INSURANCE COMPANY (the Retrocessionaire), a Pennsylvania insurance company.
In consideration of the . . .
966813
| | |
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Exhibit 10.54
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share
Retrocession Agreement (this Agreement), dated as of
April , 2004, is made and entered into by
and between ASSURED GUARANTY RE INTERNATIONAL LTD., formerly known as ACE
CAPITAL RE INTERNATIONAL LTD. (AGRI) and ACE BERMUDA INSURANCE LTD. (ACE
Bermuda).
WHEREAS, AGRI and ACE
Bermuda have entered into that certain Per Policy Excess of Loss Second
Retrocession Agreement, effective as of January 1, 2000 (the . . .
966815
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Quota Share Retrocession Agreement
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966869
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Exhibit 10.38
QUOTA SHARE RETROCESSION
AGREEMENT
This Quota Share
Retrocession Agreement (Agreement), effective as of January 1, 2002, is made
and entered into by and between ACE CAPITAL RE OVERSEAS LTD. (the
Retrocedent), an insurance company registered and licensed under the laws of
the Islands of Bermuda, and ACE AMERICAN INSURANCE COMPANY (the
Retrocessionaire), a Pennsylvania insurance company.
In consideration of the
mutual covenants herein contained and for other good and valuable consideration,
the receipt of . . .
966870
|
Chase Manhattan
As referenced in this Quota Share Retrocession Agreement:
Chase Manhattan Bank. – 147;Term has the meaning set forth in
Article 4.
EE. Treaty has the meaning set forth in the
introductory paragraph.
FF. Trustee means The Chase Manhattan Bank.
ARTICLE 2
BUSINESS REINSURED
The business reinsured hereunder consists of
(i) all individual disability income insurance policies issued by the Company
and in force as of the Effective Date _____________
dt 1426204
| |
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Quota Share Retrocession Agreement
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Quota Share Retrocession Agreement
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Quota Share Retrocession Agreement
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Quota Share Retrocession Agreement
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QUOTA SHARE RETROCESSION AGREEMENT
BY AND BETWEEN
PLATINUM UNDERWRITERS BERMUDA, LTD.
and
PLATINUM UNDERWRITERS REINSURANCE, INC.
DATED AS OF MAY 13, 2003
This Quota Share Retrocession Agreement (this "Agreement"), is made by and between Platinum Underwriters Bermuda, Ltd., a Bermuda-domiciled insurance company (the "Retrocessionaire"), and Platinum Underwriters Reinsurance, Inc. a Maryland-domiciled insurance company (the "Retrocedant").
ARTICLE 1 - BUSINESS COVERED
With respect to business classified by the Retrocedant as Property Catastrophe and underwritten out of its New York office, the Retrocedant hereby obligates itself to retrocede to the Retrocessionaire and the Retrocessionaire hereby obligates itself to accept a sixty seven percent (67%) quota share of the reinsurance and retrocession contracts underwritten by Retrocedant on or after the Effective Date other than reinsurance contracts retroceded to Retrocedant by any subsidiary or affiliate of The St. Paul Companies, Inc. (the "NY Property Catastrophe Reinsurance Contracts").
With respect to all business underwritten by the Retrocedant except for NY Property Catastrophe Reinsurance Contracts, the Retrocedant hereby obligates itself to retrocede to the Retrocessionaire and the Retrocessionaire hereby obligates itself to accept a seventy percent (70%) quota share of the reinsurance and retrocession contracts underwritten by Retrocedant on or after the Effective Date other than reinsurance contracts retroceded to Retrocedant by any subsidiary or affiliate of The St. Paul Companies, Inc. (the "Non NY Catastrophe Reinsurance Contracts"). The NY Property Catastrophe Reinsurance Contracts and the Non NY Catastrophe Reinsurance Contracts may be collectively referred to herein as the "Reinsurance Contracts."
ARTICLE 2 - COMMENCEMENT AND TERMINATION
This Agreement shall take effect and shall apply to all Reinsurance Contracts underwritten on or after 12:01 a.m. New York time, January 1, 2003 (the "Effective Date"). It shall remain continuously in force but may be terminated by either party giving at least ninety (90) days' notice in writing to the other party.
144038
|
Dewey Ballantine
As referenced in this Quota Share Retrocession Agreement:
Dewey Ballantine – state in the United States.
Service of process in such suit may be made upon Dewey Ballantine LLP, New York,
New York. In any suit instituted against it upon this Agreement,
dt 35688
;
Platinum Underwriters Bermuda, Ltd.;
| Platinum Underwriters Reinsurance, Inc.;
Platinum Underwriters Holdings Ltd
|
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Quota Share Retrocession Agreement
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QUOTA SHARE RETROCESSION AGREEMENT
by and between
HARTFORD FIRE INSURANCE COMPANY
(the "Retrocedent")
and
ENDURANCE REINSURANCE CORPORATION OF AMERICA
(the "Retrocessionaire")
Dated as of May 15, 2003
{PAGE}
INDEX OF EXHIBITS
Exhibit A - Form of Cash Settlement Statement
Exhibit B - Trust Agreement
INDEX OF SCHEDULES
Schedule 1.1 Reinsured Liability Caps
Schedule 1.2 Reinsured Contracts
Schedule 1.3 Allocation Schedule
Schedule 1.4 IBNR Factors
Schedule 2.9 Preliminary Cash Settlement Statement
i {PAGE}
QUOTA SHARE RETROCESSION AGREEMENT
This QUOTA SHARE RETROCESSION AGREEMENT (together with all Exhibits and Schedules hereto, this "Retrocession Agreement"), dated as of May 15, 2003, by and between HARTFORD FIRE INSURANCE COMPANY, an insurance company organized under the laws of the State of Connecticut (together with its successors and permitted assigns, the "Retrocedent") and ENDURANCE REINSURANCE CORPORATION OF AMERICA, an insurance company organized under the laws of the State of New York (together with its successors and permitted assigns, the "Retrocessionaire").
WHEREAS, the Retrocedent, HartRe Company, L.L.C. ("HartRe"), a Connecticut limited liability company, and the Retrocessionaire have entered into a Purchase Agreement, dated as of May 15, 2003 (the "Purchase Agreement"), pursuant to which the Retrocessionaire will acquire, among other things, the exclusive right to renew contracts constituting the Business (as defined therein); and
WHEREAS, as part of such Purchase Agreement, the Retrocedent and the Retrocessionaire have agreed to enter into this Retrocession Agreement pursuant to which the Retrocedent will cede, and the Retrocessionaire will assume, on a 100% quota share basis, all of the Reinsured Liabilities (as defined herein).
NOW, THEREFORE, for and in consideration of the premises and the promises and the mutual agreements hereinafter set forth and set forth in the Purchase Agreement and the other Related Documents, the parties hereto, intending to be legally bound, covenant and agree as follows:
ARTICLE I
DEFINITIONS
Section 1.1. Defined Terms. Capitalized terms used but not defined herein and which are defined in the Purchase Agreement shall have the meanings ascribed to them in the Purchase Agreement. As used in this Retrocession Agreement, the following terms shall have the meanings set forth herein:
"Additional Canadian Contracts" shall mean Renewal Contracts issued with respect to Canadian cedents by the Retrocedent at the Retrocessionaire's direction in accordance with Section 2.7.
"Adjusted Closing Cash Settlement Statement" shall have the meaning set forth in Section 2.10.
"Adjustment Date" shall mean December 31, 2004 and each June 30th and December 31st thereafter until all claims under the Reinsured Contracts are finally settled.
"Blended Target Loss Ratio" shall have the meaning set forth in Section 2.6(c).
144043
|
Hartford
As referenced in this Quota Share Retrocession Agreement:
Hartford Financial Services Group, Inc – to:
Hartford Fire Insurance Company
Hartford Plaza
Hartford Plaza
Hartford Connecticut 06115-1900
Attention: General Counsel
Telephone: (860) 547-5000
Facsimile: (860) 547-5714
with copies to:
21
{PAGE}
The Hartford Financial Services Group, Inc .
Hartford Plaza
Hartford, Connecticut 06115-1900
Attention: General Counsel
Telephone: (860) 547-5000
Facsimile: (860) 547-5714
and
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
125 West 55th Street
_____________
dt 1412353
;
LeBoeuf Lamb
As referenced in this Quota Share Retrocession Agreement:
LeBoeuf, Lamb – Connecticut 06115-1900
Attention: General Counsel
Telephone: (860) 547-5000
Facsimile: (860) 547-5714
and
LeBoeuf, Lamb , Greene & MacRae, L.L.P.
125 West 55th Street
New York, New York 10019-
dt 38050
;
Skadden
As referenced in this Quota Share Retrocession Agreement:
Skadden, – Esq.
General Counsel
Telephone: (914) 466-8000
Facsimile: (814) 997-0331
with a copy to:
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
Attention:
dt 34197
;
| Hartford Fire Insurance Company;
Endurance Reinsurance Corporation of America;
Endurance Specialty Holdings Ltd
|
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Quota Share Retrocession Contract
Quota Share Retrocession Contract (81K)
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QUOTA SHARE RETROCESSION CONTRACT
issued to
SCPIE INDEMNITY COMPANY (an insurance company registered in California whose address is 1888 Century Park East, Suite 800, Los Angeles, California, 90067-1712)
AMERICAN HEALTHCARE INDEMNITY COMPANY (an insurance company registered in Delaware whose address is 1888 Century Park East, Suite 800, Los Angeles, California, 90067-1712)
and
AMERICAN HEALTHCARE SPECIALTY INSURANCE COMPANY (an insurance company registered in Arkansas whose address is 1888 Century Park East, Suite 800, Los Angeles, California, 90067-1712)
(collectively, the "Company")
by
GOSHAWK REINSURANCE LIMITED 31 Church Street, Hamilton, Bermuda HM12 (the "Reinsurer")
ARTICLE 1
DEFINITIONS AND INTERPRETATION
A. In this agreement the following words and expression shall have the following meanings unless the context requires otherwise:
"Business Day" means a day (excluding Saturdays and Sundays) on which commercial banks generally are open in Los Angeles, California for the transaction of normal banking business;
"Claim" means a claim made by or on behalf of the Insured against the Company pursuant to a Contract;
"Contracts" means the contracts of reinsurance details of which are set out at schedule 1 excluding those contracts cancelled by the operation of paragraph D of Article 10 (Warranties, Exclusions of Contracts and Undertakings) and "Contract" means any or all of them as the context requires excluding, for the avoidance of doubt, any rewrites or additions beyond the current expiration dates of the Contracts;
"Contract Attachment Date" means, with respect to each Contract, the date identified in the column entitled "Contract Attachment Date" on schedule 1;
"Effective Date" means June 30, 2002;
-1-
{PAGE}
"Estimated Percentage" means with respect to a Contract the percentage identified on schedule 1 under the column "Estimated Goshawk Percentage Share of Losses";
"Execution Date" means the date of this agreement;
"Guarantee" means the guarantee in the agreed terms to be given on the Execution Date by SCPIE Holdings Inc. in favour of the Reinsurer;
"Insured" means the party (or parties) insured by the Company pursuant to a Contract;
"Loss" means the total amount required to be paid by the Company pursuant to a Contract as a result of an individual Claim;
"Loss Date" means in respect of a Loss the date on which that Loss was suffered by the Insured;
"Opinion of Counsel" means an opinion of counsel addressed to the Reinsurer in the agreed terms, in relation to each entity comprising the Company and in relation to SCPIE Holdings Inc. opining on the good standing of each such entity as at the Execution Date;
"Representative" means the person appointed pursuant to Article 18 (Company Representative);
"Security Fund Agreement" means the agreement in the agreed terms referred to in Article 7.D to be entered into on the Execution Date by the Parties and a qualified custodian as defined by section 1104.9 of the California Insurance Code;
"Transitional Services Agreement" means the agreement in the agreed terms relating to certain transitional services to be provided to the Reinsurer, to be entered into on the Execution Date by the Reinsurer and SCPIE Holdings Inc;
"Trust Account" means the account with HSBC (being a qualified United States financial institution as defined by section 922.7 of the Californian Insurance Code) set up pursuant to the Trust Agreement;
"Trust Agreement" means the agreement (governed by and subject to the insurance laws of the State of California) in the agreed terms to be entered into by the Parties and HSBC on the Execution Date; and
"Warranties" means the warranties set out in schedule 3.
B. In this agreement unless specified, reference to:
(a) "Company" means SCPIE Indemnity Company, American Healthcare Indemnity Company and American Healthcare Specialty Insurance Company all of them and each of them as the context admits;
(b) a document in the "agreed terms" is a reference to that document in the form approved and for the purposes of identification signed by or on behalf of each of the Reinsurer and the Company;
(c) "Party" means a Party to this agreement and includes its permitted assignees and/or the successors in title to substantially the whole of its
300048
|
Citibank
As referenced in this Quota Share Retrocession Contract:
Citibank, N.A. – Company under letters of
credit issued pursuant to a Master Swap Agreement dated as of November
22, 1996 between SCPIE Indemnity Company and Citibank, N.A. and an
Amendment No. 1 to such Master Swap Agreement dated as of July 1, 1998
(K-2), and an Amendment date _____________
dt 270758
;
Highlands
As referenced in this Quota Share Retrocession Contract:
Highlands
Insurance Group, Inc – Limited,
K2 and K2+ programs and more specifically described as follows (a) the
Cut-Through Endorsements issued pursuant to that Cut-Through/Guarantee
Endorsement Agreement dated January 1, 2000, between Highlands
Insurance Group, Inc . and American Healthcare Indemnity Company; (b)
the Rights and Obligations of SCPIE Indemnity Company under Notes
issued by Kover Limited pursuant to the terms of a Note Purchase
Agreement _____________
dt 1401409
;
SCPIE Holdings
As referenced in this Quota Share Retrocession Contract:
SCPIE Holdings Inc – Date" means the date of this agreement;
"Guarantee" means the guarantee in the agreed terms to be given on the
Execution Date by SCPIE Holdings Inc . in favour of the Reinsurer;
"Insured" means the party (or parties) insured by the Company pursuant to a
Contract;
"Loss" means the _____________
SCPIE Holdings Inc – opinion of counsel addressed to the Reinsurer
in the agreed terms, in relation to each entity comprising the Company and
in relation to SCPIE Holdings Inc . opining on the good standing of each
such entity as at the Execution Date;
"Representative" means the person appointed pursuant to Article _____________
SCPIE
Holdings Inc – relating to certain transitional services to be provided to the Reinsurer,
to be entered into on the Execution Date by the Reinsurer and SCPIE
Holdings Inc ;
"Trust Account" means the account with HSBC (being a qualified United
States financial institution as defined by section 922.7 of the _____________
dt 265628
;
|
Citibank
As referenced in this Quota Share Retrocession Contract:
Citibank, N.A. – Company under letters of
credit issued pursuant to a Master Swap Agreement dated as of November
22, 1996 between SCPIE Indemnity Company and Citibank, N.A. and an
Amendment No. 1 to such Master Swap Agreement dated as of July 1, 1998
(K-2), and an Amendment date _____________
dt 270758
;
SCPIE Indemnity Company;
More... |