Reinsurance Commutation and Release Agreement Sample Contracts

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Reinsurance Commutation and Release Agreement
Reinsurance Commutation and Release Agreement • May 9th, 2005 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • New York

This Reinsurance Commutation and Release Agreement (hereinafter referred to as the “Agreement”), is entered into by and between Philadelphia Insurance Company, Philadelphia Indemnity Insurance Company, both of Bala Cynwyd, Pennsylvania, Mobile USA Insurance Company, Liberty American Insurance Company, both of Pinellas Park, Florida, and any and all other companies which are now or may hereafter become member companies of Philadelphia Consolidated Holding Corporation (hereinafter referred to collectively as the “Company”) and Swiss Reinsurance America Corporation, Armonk, New York (hereinafter referred to as “Swiss Re”). The Company and Swiss Re are sometimes referred to individually as a “Party” and collectively as the “Parties.”

Reinsurance Commutation and Release Agreement
Reinsurance Commutation and Release Agreement • May 9th, 2005 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • New York

This Reinsurance Commutation and Release Agreement (hereinafter referred to as the “Agreement”), is entered into by and between Philadelphia Insurance Company, Philadelphia Indemnity Insurance Company, both of Bala Cynwyd, Pennsylvania, Mobile USA Insurance Company, Liberty American Insurance Company, both of Pinellas Park, Florida, and any and all other companies which are now or may hereafter become member companies of Philadelphia Consolidated Holding Corporation (hereinafter referred to collectively as the “Company”) and Federal Insurance Company, Warren, New Jersey, through Chubb Re, Inc., Bernardsville, New Jersey (hereinafter referred to as “Chubb Re”). The Company and Chubb Re are sometimes referred to individually as a “Party” and collectively as the “Parties.”

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