April 23, 2010 Via Email Stanley J. Kott Dear Stan:Severance Agreement • April 28th, 2010 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance • Connecticut
This letter confirms our and your understanding and agreement on the terms under which your employment as Chief Executive Officer of Montpelier Underwriting Inc. (together with its affiliates, the “Company”) will terminate.
