Standby Letter of Credit Agreement (Uncommitted) October 3, 2024Standby Letter of Credit Agreement • October 4th, 2024 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York
To induce Nordea Bank Abp, New York Branch (“Nordea”) (and/or any of its branches or affiliates, subject to the reasonable approval of Nordea and the Applicants (as defined below), to issue one or more standby letters of credit (as may be amended from time to time, each a “Credit” and collectively, the “Credits”) (such issuers of a Credit, individually and collectively, “Bank”) at the request of Renaissance Reinsurance Ltd., a Bermuda company (“RRL”), RenaissanceRe Europe AG, a Swiss corporation (Aktiengesellschaft) (“RREAG”) or any other entity identified by the Guarantor (as defined below) to Nordea as an Applicant (as hereinafter defined), subject to the reasonable approval of Bank pursuant to Section 29 (such entity, collectively with RRL and RREAG, “Applicants” and, individually, an “Applicant”) and for the account of the Applicant named in the Application (as defined below), Applicants and RenaissanceRe Holdings Ltd., a Bermuda company (“Guarantor”), agree that the following term
