EXHIBIT 2
XXXXX X. XXXXX
C/O CHASE ENTERPRISES, ONE COMMERCIAL PLAZA
XXXXXXXX, XX 00000
July 31, 1997
Insurance Holdings Limited Partnership
C/O Chase Enterprises
Xxx Xxxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Re: LOAN OF COMMON STOCK OF ACCEL INTERNATIONAL CORPORATION
This letter will set forth a modification to an Agreement entered into
between Xxxxx X. Xxxxx (the "Lender") and Insurance Holdings Limited
Partnership (the "Borrower") regarding shares of stock of ACCEL
International Corporation (the "Company") dated December 15, 1995. The
purpose of this modification is to increase the number of shares from
335,000 to 670,000. To this end, paragraph 1 of the Agreement is amended
to read as follows:
1. Xxxxxx xxxxxx confirms that it has loaned to Borrower 670,000
shares of the common stock, no par value of the Company ("Borrowed
Securities").
Please confirm that the foregoing sets forth our understanding regarding
the modification of the Agreement for the Borrowed Securities by
signature below.
Very truly yours,
/s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
THE FOREGOING IS XXXXXX
CONFIRMED AND AGREED TO:
Insurance Holdings Limited Partnership
By: Chase Insurance Corporation
Its: General Partner
/S/ XXXXXX X. XXXXX
By: Xxxxxx X. Xxxxx
Its: Executive Vice President
