Common use of Inuring Reinsurance Clause in Contracts

Inuring Reinsurance. It is understood and agreed that when the Retrocedant warrants that it is in the best interest of the Retrocedant and the Retrocessionaire, Retrocedant may purchase facultative reinsurance and/or any other treaty reinsurance. All Reinsurance in place at April 1, 2006, or acquired after that date inures to the benefit of this program unless otherwise specified in Appendix 1.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

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Inuring Reinsurance. It is understood and agreed that when the Retrocedant warrants that it is in the best interest of the Retrocedant and the Retrocessionaire, Retrocedant may purchase facultative reinsurance and/or any other treaty reinsurance. All Reinsurance in place at April January 1, 2006, or acquired after that date date, including the Quota Share with Platinum Underwriters Bermuda, Ltd, and the Quota Share with Arrow Capital Re inures to the benefit of this program unless otherwise specified in Appendix 1.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

Inuring Reinsurance. It is understood and agreed that when the Retrocedant warrants that it is in the best interest of the Retrocedant and the Retrocessionaire, Retrocedant may purchase facultative reinsurance and/or any other treaty reinsurance. All Reinsurance in place at April 1, 20062004, or acquired after that date inures including the Quota Share with Platinum Underwriters Bermuda, Ltd. and the Aggregate Excess of Loss program with Berkshire Hathaway, inure to the benefit of this program unless otherwise specified in Appendix 1program.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

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Inuring Reinsurance. It is understood and agreed that when the Retrocedant warrants that it is in the best interest of the Retrocedant and the Retrocessionaire, Retrocedant may purchase facultative reinsurance and/or any other treaty reinsurance. All Reinsurance in place at April 1, 20062005, or acquired after that date including the Quota Share with Platinum Underwriters Bermuda, Ltd, inures to the benefit of this program unless otherwise specified in Appendix 1program.

Appears in 1 contract

Samples: Excess of Loss Retrocession Agreement (Platinum Underwriters Holdings LTD)

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