Amendment No. 1 to Automatic Reinsurance Agreement between OM Financial Life Insurance Company and Wilton Reassurance Company
This amendment updates the Automatic Reinsurance Agreement between OM Financial Life Insurance Company and Wilton Reassurance Company, effective December 31, 2007. The amendment changes the defined "Closing Settlement Amount" in the agreement to a new, confidential value. All other terms of the original agreement remain unchanged. Both parties have signed and agreed to this amendment in early January 2008.
Exhibit 10.21
THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***]
Amendment No. 1 to the
AUTOMATIC REINSURANCE AGREEMENT
Effective: December 31, 2007
(the “Treaty”)
Between OM FINANCIAL LIFE INSURANCE COMPANY,
a Maryland insurance company
(the “Ceding Company”)
and WILTON REASSURANCE COMPANY
A Minnesota insurance company
(the “Reinsurer”)
It is hereby acknowledged and agreed by and between the parties that this Amendment No. 1 shall attach to the Treaty and become a part thereof.
The “Closing Settlement Amount” as defined in Article 4, Section 4.1 is hereby changed to $[***] million.
All other terms and conditions of the Treaty are unchanged and remain in effect.
AMENDED AND AGREED:
| OM FINANCIAL LIFE INSURANCE COMPANY | WILTON REASSURANCE COMPANY | |||
| /s/ William M. Brummond | /s/ Mark Sarlitto | |||
| (Signature) | (Signature) | |||
| William M. Brummond | Mark Sarlitto | |||
| (Name) | (Name) | |||
| VP & Actuary | G/C | |||
| (Title) | (Title) | |||
| January 8, 2008 | 1/07/08 | |||
| (Date) | (Date) | |||
