ACE Bermuda definition
Examples of ACE Bermuda in a sentence
Effective as of the Effective Date, AGRI retrocedes to ACE Bermuda, and ACE Bermuda assumes from AGRI and agrees to indemnify AGRI for, 100% of the liability of AGRI under the First Excess of Loss Retrocession Agreement.
Nothing herein shall be construed to expand the liability of ACE Bermuda beyond what is specifically assumed under this Agreement by creating in any third party any rights hereunder.
ACE Bermuda or AGRI may offset any balance(s) due from one party to the other under this Agreement or any other agreement exclusively between the parties hereto.
In addition, AGRI will pay to ACE Bermuda 100% of all premiums received by AGRI under the First Excess of Loss Retrocession Agreement after the Effective Date net of any federal excise taxes.
Upon reasonable notice, ACE Bermuda or its duly authorized representative shall have access to and the right to inspect the books and records of AGRI that pertain to this Agreement or the First Excess of Loss Retrocession Agreement.
When so requested, AGRI will afford ACE Bermuda an opportunity to be associated in the defense or control of any claim, suit or proceeding involving this Agreement, and AGRI and ACE Bermuda shall cooperate in every respect in the defense of such suit, claim or proceeding.
Xxxxx xxxxx Xxxxxxxx, Xxxxxxx XX 00 Facsimile: 000-000-0000 Attention: Corporate Secretary If to ACE Bermuda: ACE Bermuda Insurance Ltd.
AGRI shall not amend, modify, supplement or assign the First Excess of Loss Retrocession Agreement without the prior written consent of ACE Bermuda (such consent not to be unreasonably withheld).
Prior to ACE Asset Management, he was an Assistant Vice President-Investments at ACE Bermuda.
The Common Seal of ACE Limited was hereunto affixed in the presence of: Authorized Officer Authorized Officer The Common Seal of ACE Bermuda Insurance Ltd.