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Exhibit 10.33
ADDENDUM NO. 3
to the
COMBINED QUOTA SHARE, AGGREGATE AND SPECIFIC EXCESS OF LOSS
REINSURANCE TREATY
(hereinafter referred to as "Reinsurance Treaty")
issued to
MEDICAL INTER-INSURANCE EXCHANGE OF NEW JERSEY
Lawrenceville, New Jersey
(hereinafter referred to as "Ceding Company")
by
THE REINSURERS SUBSCRIBING THE RESPECTIVE
INTERESTS AND LIABILITIES AGREEMENTS
(hereinafter referred to as "Reinsurers")
The Ceding Company and the Reinsurers hereby agree to amend the captioned
Reinsurance Treaty, effective November 1st, 1998, with respect to business ceded
for the 1999 Coverage Year and thereafter, as follows:-
PARTICIPATION
The participation of the following Reinsurers is cancelled:-
40% Hannover Reinsurance (Ireland) Ltd
Reference US263100397
10% E + S Reinsurance (Ireland) Ltd
Reference US263200397
35% Underwriters Reinsurance Company (Barbados) Inc.
14% London Life and Casualty Reinsurance Company
1% Lawrenceville Reinsurance Company Ltd
and replaced with the following:-
46.00% Hannover Reinsurance (Ireland) Ltd
See fax dated: 3rd February 1999
11.50% E + S Reinsurance (Ireland) Ltd
See fax dated: 3rd February 1999
17.50% Underwriters Reinsurance Company (Barbados) Inc.
See fax dated: 29th January 1999
25% European Reinsurance Company of Zurich
See fax dated: 8th February 1999
