Exhibit 10.2
[PLATINUM LOGO] The Belvedere Building
69 Xxxxx Bay Road, Pembroke HM 08
P.O. Box HM 3012
Xxxxxxxx XX MX, Bermuda
Tel: (000) 000-0000
Fax: (000) 000-0000
May 19, 2004
The St. Xxxx Companies, Inc.
000 Xxxxxxxxxx Xxxxxx
Xx. Xxxx, XX 00000
Attention: Xx. Xxxx Xxxxxxx
RE: MASTER SERVICES AGREEMENT - LETTER AGREEMENT
Gentlemen:
Reference is made to the Master Services Agreement, dated as of November 1, 2002
as amended (the "Agreement") between The St. Xxxx Companies, Inc. ("St. Xxxx")
and Platinum Underwriters Holdings, Ltd. ("Platinum"). Capitalized terms used
but not defined herein have the meanings specified in the Agreement.
This letter confirms the agreement between St. Xxxx and Platinum to modify the
Agreement by (i) extending the Maximum Service Period for the Services provided
by St. Xxxx or its Post-closing Subsidiaries from June 30, 2003 until June 30,
2005.
The Agreement shall expire June 30, 2005, subject to the provisions of Section
1(c) of the Agreement. All other terms and conditions of the Agreement will
remain in full force and effect.
Sincerely,
PLATINUM UNDERWRITERS HOLDINGS, LTD.
By: /s/ Xxxxxxx X.X. Xxxxxxxx
--------------------------------
Xxxxxxx X.X. Xxxxxxxx
President and Chief Executive Officer
ACKNOWLEDGED, ACCEPTED AND AGREED:
THE ST. XXXX COMPANIES, INC.
By: /s/ Xxxx Xxxxxxx
--------------------------------
Xxxx Xxxxxxx
Senior Vice President
