April 23, 2010 Via Email Stanley J. Kott Dear Stan:Montpelier Re Holdings LTD • April 28th, 2010 • Fire, marine & casualty insurance • Connecticut
Company FiledApril 28th, 2010 Industry JurisdictionThis 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.