Exhibit 2.1 REORGANIZATION AGREEMENT This Reorganization Agreement is entered into as of December 7, 2005 (this "Agreement") by and among: (i) CRM Holdings, Ltd., a Bermuda company ("CRM Holdings"); (ii) Compensation Risk Managers, LLC, a limited...Reorganization Agreement • December 7th, 2005 • CRM Holdings, Ltd. • Services-management services • New York
RECITALSTax Indemnification Agreement • December 7th, 2005 • CRM Holdings, Ltd. • Services-management services • New York
COMMON SHARES PAR VALUE $0.01 PER SHAREUnderwriting Agreement • December 7th, 2005 • CRM Holdings, Ltd. • Services-management services • New York
