ENDORSEMENT NO. 1 to the INTERESTS ANDLIABILITIES AGREEMENT attaching to, and forming part of, the MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT (hereinafter called the Contract) EFFECTIVE: JUNE 1, 2014 issued to HOMEOWNERS CHOICEPROPERTY & CASUALTY INSURANCE COMPANY, INC. TAMPA, FLORIDA (hereinafter called the Reinsured) by CERTAIN UNDERWRITERS ATLLOYDS (hereinafter called, with other participants, the Reinsurer) who are signatories hereto, each for the proportion underwritten and not one for another
EXHIBIT 10.59
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – Lloyd’s | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
CERTAIN UNDERWRITERS AT LLOYD’S
(hereinafter called, with other participants, the “Reinsurer”)
who are signatories hereto, each for the proportion underwritten and not one for another
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 13.000 | % | ||
| Excess Layer 4 | 13.562 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 8.346 | % | ||
| Excess Layer 4 | 9.455 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – Lloyd’s | |
| DOC: May 31, 2015 | ||
| Contract Year 1 | ||||||||||
| Excess Layer 3 | ||||||||||
| Syndicate # | Pseudonym | Participation | Initial | Date | ||||||
| 1414 | ASC | 3.500 | % | |||||||
| 2001 | AML | 2.000 | % | |||||||
| 2010 | MMX | 1.000 | % | |||||||
| 2791 | MAP | 3.500 | % | |||||||
| 2987 | BRT | 3.000 | % | |||||||
| Contract Year 1 | ||||||||||
| Excess Layer 4 | ||||||||||
| Syndicate # | Pseudonym | Participation | Initial | Date | ||||||
| 609 | AUW | 0.483 | % | |||||||
| 1084 | CSL | 1.938 | % | |||||||
| 2001 | AML | 2.906 | % | |||||||
| 2007 | NVA | 1.938 | % | |||||||
| 2791 | MAP | 3.391 | % | |||||||
| 2987 | BRT | 2.906 | % | |||||||
| Contract Year 2 | ||||||||||
| Excess Layer 3 | ||||||||||
| Syndicate # | Pseudonym | Participation | Initial | Date | ||||||
| 1414 | ASC | 2.247 | % | |||||||
| 2001 | AML | 1.284 | % | |||||||
| 2010 | MMX | 0.642 | % | |||||||
| 2791 | MAP | 2.247 | % | |||||||
| 2987 | BRT | 1.926 | % | |||||||
| Contract Year 2 | ||||||||||
| Excess Layer 4 | ||||||||||
| Syndicate # | Pseudonym | Participation | Initial | Date | ||||||
| 609 | AUW | 0.337 | % | |||||||
| 1084 | CSL | 1.351 | % | |||||||
| 2001 | AML | 2.026 | % | |||||||
| 2007 | NVA | 1.351 | % | |||||||
| 2791 | MAP | 2.364 | % | |||||||
| 2987 | BRT | 2.026 | % | |||||||
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – Lloyd’s | |
| DOC: May 31, 2015 | ||
| Syndicate # | Pseudonym | Initial | Date | |||
| 609 | AUW | |||||
| 1084 | CSL | |||||
| 1414 | ASC | |||||
| 2001 | AML | |||||
| 2007 | NVA | |||||
| 2010 | MMX | |||||
| 2791 | MAP | |||||
| 2987 | BRT |
The share attaching to this Contract is subscribed by the Underwriters, Members of the Syndicates the definitive numbers of which and the proportions reinsured described above.
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – Lloyd’s | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
AMLIN BERMUDA (BRANCH OF AMLIN AG)
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 2.000 | % | ||
| Excess Layer 4 | 1.938 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 1.284 | % | ||
| Excess Layer 4 | 1.351 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – AMLN | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
AMLIN BERMUDA (BRANCH OF AMLIN AG)
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – AMLN | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
ACE TEMPEST REINSURANCE LIMITED
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 10.000 | % | ||
| Excess Layer 4 | 10.000 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 6.421 | % | ||
| Excess Layer 4 | 6.970 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – ACETR | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
ACE TEMPEST REINSURANCE LIMITED
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – ACETR | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
ARCH REINSURANCE LTD.
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 5.000 | % | ||
| Excess Layer 4 | 0.000 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 3.211 | % | ||
| Excess Layer 4 | 0.000 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – ARCHL | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
ARCH REINSURANCE LTD.
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – ARCHL | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
DAVINCI REINSURANCE LTD.
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 16.250 | % | ||
| Excess Layer 4 | 16.250 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 10.434 | % | ||
| Excess Layer 4 | 11.327 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – DAVI | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
DAVINCI REINSURANCE LTD.
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – DAVI | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
EVEREST REINSURANCE COMPANY
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 0.000 | % | ||
| Excess Layer 4 | 10.000 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 0.000 | % | ||
| Excess Layer 4 | 6.970 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – EVRST | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
EVEREST REINSURANCE COMPANY
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1–EVRST | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
MONTPELIER REINSURANCE LTD.
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 13.000 | % | ||
| Excess Layer 4 | 13.000 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 8.347 | % | ||
| Excess Layer 4 | 9.061 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – MONTP | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
MONTPELIER REINSURANCE LTD.
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – MONTP | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
ODYSSEY REINSURANCE COMPANY
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 4.000 | % | ||
| Excess Layer 4 | 4.000 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 2.568 | % | ||
| Excess Layer 4 | 2.788 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – ODY | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
ODYSSEY REINSURANCE COMPANY
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – ODY | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
PARTNER REINSURANCE COMPANY LTD.
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 5.500 | % | ||
| Excess Layer 4 | 0.000 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 3.532 | % | ||
| Excess Layer 4 | 0.000 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – PARTN | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
PARTNER REINSURANCE COMPANY LTD.
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – PARTN | |
| DOC: May 31, 2015 | ||
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
RENAISSANCE REINSURANCE, LTD.
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
| Contract Year 1 | Participation | |||
| Excess Layer 3 | 16.250 | % | ||
| Excess Layer 4 | 16.250 | % | ||
| Contract Year 2 | Participation | |||
| Excess Layer 3 | 10.436 | % | ||
| Excess Layer 4 | 11.326 | % | ||
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – REN | |
| DOC: May 31, 2015 | ||
Signed in , on this day of , 20
RENAISSANCE REINSURANCE, LTD.
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
| ARP-HCI-02-CAT-201-14 | I&L Endorsement No. 1 – REN | |
| DOC: May 31, 2015 | ||
