Common use of Follow the Fortunes Clause in Contracts

Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with that of each Ceding Company and shall be subject in all respects to the same risks, original terms and conditions, interpretations, waivers, and to the same cancellation of the Insurance Contracts as such Ceding Company is subject to, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding Company.

Appears in 4 contracts

Samples: Share Reinsurance Agreement (National General Holdings Corp.), Share Reinsurance Agreement (Amtrust Financial Services, Inc.), Share Reinsurance Agreement (Tower Group International, Ltd.)

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Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with that of each Ceding Company the Companies and shall be subject in all respects to the same risks, original terms and conditions, interpretations, waivers, and to the same cancellation of the Insurance Contracts as such Ceding Company is the Companies are subject to, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding Companythe Companies.

Appears in 4 contracts

Samples: Loss Portfolio Transfer Agreement (Amtrust Financial Services, Inc.), Loss Portfolio Transfer Agreement (National General Holdings Corp.), Loss Portfolio Transfer Agreement (National General Holdings Corp.)

Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with to that of each Ceding the Company and all reinsurance for which the Reinsurer shall be liable by virtue of this Agreement shall be subject in all respects to the same risks, original terms and terms, rates, conditions, interpretations, assessments, waivers, and to the same cancellation of modifications, alterations and cancellations, as the Insurance Contracts as such Ceding Company is subject to, the true intent of this Agreement being that the Reinsurer shall, in every case Policies to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding Companyrelates.

Appears in 3 contracts

Samples: Quota Share Reinsurance Agreement (Amtrust Financial Services, Inc.), Quota Share Reinsurance Agreement (Maiden Holdings, Ltd.), Quota Share Reinsurance Agreement (Maiden Holdings, Ltd.)

Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with that of each Ceding Company and shall be subject in all respects to the same risks, original terms and conditions, interpretations, waivers, and to the same cancellation of the Insurance Contracts Policies as such Ceding Company is subject to, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding Company.

Appears in 3 contracts

Samples: Personal Lines Quota Share Reinsurance Agreement (National General Holdings Corp.), Loss Portfolio Transfer Agreement (Amtrust Financial Services, Inc.), Loss Portfolio Transfer Agreement (National General Holdings Corp.)

Follow the Fortunes. The Reinsurer’s Reinsurers' liability shall attach simultaneously with that of each Ceding the Company and shall be subject in all respects to the same risks, original terms and terms, conditions, interpretations, waivers, waivers and to the same cancellation of modifications, alterations, and cancellations as the Insurance Contracts as such Ceding Company is subject torespective Policies issued by the Company, the true intent of this Agreement being that the Reinsurer Reinsurers shall, in every case to which this Agreement applies, follow the fortunes of the Company, subject always to the limits, terms, conditions and follow the settlements of such Ceding Companyexclusions set forth in this Agreement.

Appears in 2 contracts

Samples: Interests and Liabilities Agreement (Tower Group, Inc.), Quota Share Reinsurance Agreement (Tower Group, Inc.)

Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with that of each Ceding Company and shall be subject in all respects to the same risks, original terms and conditions, interpretations, waivers, and to the same cancellation of the Insurance Contracts Fronted Policies as such Ceding Company is subject to, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding Company.

Appears in 2 contracts

Samples: Loss Portfolio Transfer Agreement (National General Holdings Corp.), Stock and Asset Purchase Agreement (Amtrust Financial Services, Inc.)

Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with that of each Ceding the Company and shall be subject in all respects to the same risks, original terms and conditions, interpretations, waivers, and to the same cancellation of the Insurance Contracts as such Ceding the Company is subject to, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding the Company.

Appears in 2 contracts

Samples: Quota Share Reinsurance Agreement, Portfolio Transfer And (National General Holdings Corp.)

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Follow the Fortunes. The Reinsurer’s 's liability shall attach simultaneously with that of each Ceding the Company and shall be subject in all respects to the same risks, original terms and terms, conditions, interpretations, waivers, waivers and to the same cancellation of modifications, alterations, and cancellations as the Insurance Contracts as such Ceding Company is subject torespective Policies issued by the Company, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes of the Company, subject always to the limits, terms, conditions and follow the settlements of such Ceding Companyexclusions set forth in this Agreement.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Tower Group, Inc.)

Follow the Fortunes. The Reinsurer’s 's liability shall attach simultaneously with that of each Ceding the Company and shall be subject in all respects to the same risks, original terms and terms, conditions, interpretations, waivers, waivers and to the same cancellation modifications, alterations, and cancellations as the respective insurances (or reinsurances) of the Insurance Contracts as such Ceding Company is subject toCompany, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes of the Company, subject always to the terms, conditions and follow the settlements exclusions of such Ceding Companythis Agreement.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Tower Group, Inc.)

Follow the Fortunes. The Reinsurer’s liability shall attach simultaneously with that of each Ceding the Company and shall be subject in all respects to the same risks, original terms and conditions, interpretations, waivers, and to the same cancellation of the Insurance Reinsurance Contracts as such Ceding the Company is subject to, the true intent of this Agreement being that the Reinsurer shall, in every case to which this Agreement applies, follow the fortunes and follow the settlements of such Ceding the Company.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Maiden Holdings, Ltd.)

Follow the Fortunes. The Reinsurer’s Reinsurers’ liability shall attach simultaneously with that of each Ceding the Company and shall be subject in all respects to the same risks, original terms and terms, conditions, interpretations, waivers, and to the same cancellation of modifications, alterations, and cancellations as the Insurance Contracts as such Ceding Company is subject torespective Policies issued by the Company, the true intent of this Agreement being that the Reinsurer Reinsurers shall, in every case to which this Agreement applies, follow the underwriting fortunes of the Company, subject always to the limits, terms, conditions and follow the settlements of such Ceding Companyexclusions set forth in this Agreement.

Appears in 1 contract

Samples: Reinsurance Agreement (Tower Group International, Ltd.)

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