TERMINATION ADDENDUM EXCESS OF LOSS RETROCESSION AGREEMENT BY AND BETWEEN PLATINUM RE (UK) LIMITED (RETROCEDANT) and PLATINUM UNDERWRITERS REINSURANCE, INC. (RETROCESSIONAIRE)
EXHIBIT 10.4
TERMINATION ADDENDUM
EXCESS OF LOSS RETROCESSION AGREEMENT
BY AND BETWEEN
PLATINUM RE (UK) LIMITED
(RETROCEDANT)
EXCESS OF LOSS RETROCESSION AGREEMENT
BY AND BETWEEN
PLATINUM RE (UK) LIMITED
(RETROCEDANT)
and
PLATINUM UNDERWRITERS REINSURANCE, INC.
(RETROCESSIONAIRE)
(RETROCESSIONAIRE)
IT IS HEREBY MUTUALLY AGREED that effective March 31, 2006, the Excess of Loss Retrocession
Agreement dated as of January 1, 2006, by and between Platinum Underwriters Reinsurance, Inc., a
Maryland domiciled insurance company (the “Retrocessionaire”), and Platinum Re (UK) Limited (the
“Retrocedant”), is terminated pursuant to this Termination Addendum ( the “Addendum”).
The Retrocessionaire shall return all premium paid to date, less $250,000, as consideration for the
early termination of its exposure.
IN WITNESS WHEREOF, the parties have caused this Addendum to be executed in duplicate by their
respective officers duly authorized so to do, on the date set forth below.
Platinum Re (UK) Limited | ||||||
By: | /s/ Xxxxxxx Xxxxxxx | |||||
Name: Xxxxxxx Xxxxxxx | ||||||
Title: CEO & Managing Director | ||||||
Date: June 15, 2006 | ||||||
Platinum Underwriters Reinsurance, Inc. | ||||||
By: | /s/ H. Xxxxxxxxx Xxxxxxxx | |||||
Name: H. Xxxxxxxxx Xxxxxxxx | ||||||
Title: President | ||||||
Date: June 13, 2006 |