EXECUTION VERSION MASTER COLLATERAL AGREEMENT This MASTER COLLATERAL AGREEMENT, dated as of July l_!, 2019 (this "Aereement"), is made by and among Maiden Reinsurance Ltd., a Bermuda insurance company ("Maiden Re"), Cavello Bay Reinsurance Limited, a...Execution Version Master Collateral Agreement • August 9th, 2019 • Maiden Holdings, Ltd. • Fire, marine & casualty insurance • New York
