EXHIBIT 10.91
ADDENDUM NO. 6
To the
INTERESTS AND LIABILITIES AGREEMENT
of
St. Xxxx Fire and Marine Insurance Company
St. Xxxx, Minnesota
with respect to the
COMBINED CATASTROPHE EXCESS OF LOSS
REINSURANCE CONTRACT
EFFECTIVE: DECEMBER 1, 1989
issued to
Alfa Mutual Insurance Company
Alfa Mutual Fire Insurance Company
And
Alfa Mutual General Insurance Company
All of Montgomery, Alabama
(hereinafter referred to collectively as the "Company")
IT IS HEREBY AGREED, effective January 1, 2003, that a portion of the rights,
interests, liabilities and obligations of the "Subscribing Reinsurer" under this
Agreement shall be transferred from St. Xxxx Fire and Marine Insurance Company
(hereinafter referred to as the "Assignee"). The Assignor shall assign 71.42857%
of its 70.00000% share of the interests and liabilities of the "Reinsurer" as
set forth in the attached Contract captioned above to the Assignee the interests
and liabilities of the "Reinsurer" under the Contract). In accordance therewith,
the Assignee shall assume its portion of the rights, interests, liabilities and
obligations of the "Subscribing Reinsurer" under this Agreement. The Assignee
shall then be subject to all of the terms and conditions hereof.
IT IS UNDERSTOOD AND AGREED that the Company consents to the foregoing transfer
of rights, interests, liabilities and obligations from the Assignor to the
Assignee, and further releases the Assignor from all unfulfilled liabilities and
obligations which have arisen under this Agreement and all liabilities and
obligations which may arise in the future under this Agreement.
IN WITNESS WHEREOF, the parties hereto by their respective duly authorized
representatives have executed this Addendum as of the dates undermentioned at:
Montgomery, Alabama, this 15 day of MAY in the year 2003.
/s/ Xxxxxxx X. Xxxxxxxx
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Alfa Mutual Insurance Company
Alfa Mutual Fire Insurance Company
Alfa Mutual General Insurance Company
New York, New York, this 1 day of JULY in the year 2003.
/s/ W. Xxxx Xxxxxxx
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St. Xxxx Fire and Marine Insurance Company by St.
Xxxx Re, Inc.
New York, New York, this 10 day of JUNE in the year 2003.
/s/ Xxxxxx X. Xxxxxx
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Platinum Underwriters Reinsurance, Inc.
