EXHIBIT (c)(2) STAND-BY CAPITAL COMMITMENT AGREEMENT This Stand-By Capital Commitment Agreement (this "Agreement") is made as of October 26, 1999 (the "Effective Date"), by and between Capital Re Corporation, a Delaware corporation (the "Borrower"),...Stand-by Capital Commitment Agreement • November 29th, 1999 • Ace LTD • Fire, marine & casualty insurance • New York
