Maintenance of Treaty Reinsurance. (a) Each of Administrator and Reinsurer shall maintain minimum levels of treaty reinsurance as set forth in SCHEDULE 4.5(a) hereto. (b) Commencing with any renewal of the treaties set forth in Schedule 4.5(a), Reinsurer shall purchase a level of catastrophe reinsurance protection which would protect Reinsurer's surplus loss to no more than 10% arising out of a single catastrophe on a one in a 250 year modeling event standard. (c) All third party reinsurance with respect to the Reinsured Contracts placed by Administrator in the name of Insurer must comply with the RSA Reinsurance Security Guidelines attached hereto as EXHIBIT B.
Appears in 4 contracts
Samples: Administrative Services Agreement (Alleghany Corp /De), Administrative Services Agreement (Alleghany Corp /De), Administrative Services Agreement (Alleghany Corp /De)
