Exhibit 10.1
ENDORSEMENT
TO
QUOTA SHARE RETROCESSION TREATY
(hereinafter referred to as "Agreement")
between
PXRE REINSURANCE COMPANY
(hereinafter referred to as the "Company")
and
PENNSYLVANIA LUMBERMENS MUTUAL INS. CO.
(hereinafter referred to as the "Reinsurer")
It is understood and agreed that, effective January 1, 1996, ARTICLE
II-(REINSURANCE CLAUSE) is amended as follows:
Cessions to this agreement will never exceed $20,000,000 per reinsurance
program for 100% Quota Share.
In addition, effective January 1, 1996, ARTICLE VII is amended to provide for
the Profit Commission calculation to be on a three year block.
It is further understood and agreed that, effective January 1, 1997, the
participation of the Reinsurer is amended to 0.6%.
Under terms of the Agreement, the Reinsurer agrees to assume severally and not
jointly with other participants a 0.6% share (being $120,000 per program) of the
liability described in the attached Agreement, and as consideration of the
above, the Reinsurer shall receive 0.6% of the premium named therein for cession
made on or after 12:01 A.M., January 1, 1997, local time, for business incepting
or renewing after that date.
Signed in Phil Pa this 12th day of, May 1997.
PENNSYLVANIA LUMBERMENS MUTUAL INS. CO.
BY Fred R. Phillips
---------------------------
TITLE Sr V.P. & Sec
------------------------
And in Edison, New Jersey this 6th day of, May 1997.
PXRE REINSURANCE COMPANY
BY GORDON FORSYTH, III
---------------------------
TITLE Executive Vice President
------------------------
ENDORSEMENT
TO
QUOTA SHARE RETROCESSION TREATY
(hereinafter referred to as "Agreement)
between
PXRE REINSURANCE COMPANY
(hereinafter referred to as the "Company")
and
AUTO OWNERS INSURANCE COMPANY
(hereinafter referred to as the "Reinsurer")
It is understood and agreed that effective January 1, 1999, the participation of
the Reinsurer is amended to 0.8%.
Under terms of the Agreement, the Reinsurer agrees to assume severally and not
jointly with other participants a 0.8% share (being $160,000 per program) of the
liability described in the attached Agreement, and as consideration of the
above, the Reinsurer shall receive 0.8% of the premium named therein for cession
made on or after 12:01 A.M., January 1, 1999, local time, for business incepting
or renewing after that date.
Signed in Lansing, Michigan this 14th day of, June 1999.
AUTO OWNERS INSURANCE COMPANY
BY JOHN A. WALLACE
--------------------------
TITLE Director of Reinsurance
-----------------------
And in Edison, New Jersey this 10th day of, June 1999.
PXRE REINSURANCE COMPANY
BY GORDON FORSYTH, III
-----------------------
TITLE
--------------------
ENDORSEMENT
TO
QUOTA SHARE RETROCESSION TREATY
(hereinafter referred to as "Agreement)
between
PXRE REINSURANCE COMPANY
(hereinafter referred to as the "Company")
and
THE ANDOVER COMPANIES
(hereinafter referred to as the "Reinsurer")
It is understood and agreed that effective January 1, 1999, the participation of
the Reinsurer is amended to 1.8%.
Under terms of the Agreement, the Reinsurer agrees to assume severally and not
jointly with other participants a 1.8% share (being $360,000 per program) of the
liability described in the attached Agreement, and as consideration of the
above, the Reinsurer shall receive 1.8% of the premium named therein for cession
made on or after 12:01 A.M., January 1, 1999, local time, for business incepting
or renewing after that date.
Signed in Andover, this 14th day of, June 1999.
THE ANDOVER COMPANIES
BY DONALD VOSE
-------------------------
TITLE RISK V.P.
-------------------------
And in Edison, New Jersey this 10th day of, June 1999.
PXRE REINSURANCE COMPANY
BY GORDON FORSYTH, III
--------------------------
TITLE EXECUTIVE VICE PRESIDENT
--------------------------
ENDORSEMENT
TO
QUOTA SHARE RETROCESSION TREATY
(hereinafter referred to as "Agreement")
between
PXRE REINSURANCE COMPANY
(hereinafter referred to as the "Company")
and
NRMA INSURANCE LIMITED
(hereinafter referred to as the "Reinsurer")
It is understood and agreed that effective January 1, 2001, the participation of
the Reinsurer is amended to 1.0%.
Under terms of the Agreement, the Reinsurer agrees to assume severally and not
jointly with other participants a 1.0% share (being $200,000 per program) of the
liability described in the attached Agreement, and as consideration of the
above, the Reinsurer shall receive 1.0% of the premium named therein for cession
made on or after 12:01 A.M., January 1, 2001, local time, for business incepting
or renewing after that date.
Signed in Sydney this 26th day of February, 2001.
NRMA INSURANCE LIMITED
BY SUSAN VIDLER
________________________________
TITLE Reinsurance Manager
_____________________________
And in Edison, New Jersey this 20th day of February, 2001.
PXRE REINSURANCE COMPANY
BY GORDON FORSYTH
________________________________
TITLE Executive Vice President
_____________________________