TERMINATIONADDENDUM CASUALTYAND SPECIALTY QUOTA SHARE RETROCESSION AGREEMENT BY ANDBETWEEN PLATINUMUNDERWRITERS BERMUDA, LTD. and PLATINUMUNDERWRITERS REINSURANCE, INC.

 

 

TERMINATION ADDENDUM

 

CASUALTY AND SPECIALTY QUOTA SHARE RETROCESSION AGREEMENT

 

BY AND BETWEEN

 

PLATINUM UNDERWRITERS BERMUDA, LTD.

 

and

 

PLATINUM UNDERWRITERS REINSURANCE, INC.

 

IT IS HEREBY MUTUALLY AGREED that effective December 31, 2007, the Casualty and Specialty Quota Share Retrocession Agreement dated as of January 1, 2007, by and between Platinum Underwriters Reinsurance, Inc., a Maryland domiciled insurance company (the “Retrocedent”), and Platinum Underwriters Bermuda, Ltd. (the “Retrocessionaire”), is terminated pursuant to this Termination Addendum ( the “Addendum”).

 

IN WITNESS WHEREOF, the parties have caused this Addendum to be executed in duplicate by their respective officers duly authorized so to do, on the date set forth below.

 

 

Platinum Underwriters Bermuda, Ltd.

By:/s/ Les Waters

Name: Les Waters

Title:   Vice President

Date:   4/1/08

 

Platinum Underwriters Reinsurance, Inc.

By:/s/ Kevin Marine

Name: Kevin Marine

Title:   Senior Vice President and

Chief Operating Officer

Date:   3/27/08