AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • August 7th, 2020 • Watford Holdings Ltd. • Fire, marine & casualty insurance • New York
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement"), dated as of August 6, 2020, between Watford Holdings Ltd., a Bermuda corporation (the "Company"), and Jonathan D. Levy (the "Executive" and together with Company, the "Parties").
Ref: Standby Letter of Credit FacilityStandby Letter of Credit Facility • August 7th, 2020 • Watford Holdings Ltd. • Fire, marine & casualty insurance • New York
Reference is made to that certain facility letter dated May 19, 2014 (as amended and modified by letter amendments dated May 27, 2014, May 18, 2015, May 19, 2016 and May 17, 2017, May 16, 2018 and May 16, 2019 and that certain amending, accession and withdrawal agreement dated August 21, 2018), by and between Lloyds Bank Corporate Markets plc (the “Bank”, “us” or “we”) and Watford Re Ltd. (the “Applicant” or “you”), an exempted company with limited liability organized under the laws of Bermuda for the issuance and amendment of standby letters of credit for its account (as so amended, the “Facility Agreement”; capitalized terms used herein and not defined herein shall have the meanings assigned in the Facility Agreement) pursuant to which the Bank acting through its New York Branch established a Facility currently with a Facility Amount in the principal amount of One Hundred Million United States Dollars ($100,000,000) to the Applicant.
