COMMUTATION & RELEASE AGREEMENTCommutation & Release Agreement • March 16th, 2007 • Scpie Holdings Inc • Insurance carriers, nec
This COMMUTATION & RELEASE AGREEMENT (this “Agreement”) is entered into effective as at 31 December 2006 (the “Effective Date”) by and among SCPIE Holdings Inc. (“SCPIE Holdings”), SCPIE Indemnity Company (“SCPIE Indemnity”) and American Healthcare Indemnity Company (“AHI”), each of 1888 Century Park East, Suite 800, Los Angeles, California, CA 90067-1712, USA (SCPIE Holdings, SCPIE Indemnity and AHI, collectively, “SCPIE”), and Chaucer Syndicates Limited as managing agent for and on behalf of The Members of Lloyd’s who constitute Syndicate 1204, Syndicate 1084 and their respective successors and assigns of 9 Devonshire Square, Cutlers Gardens, London EC2M 4WL (“Chaucer”), with reference to the following facts:
