Reinsurance Contracts. Except as described in the Registration Statement, the General Disclosure Package and the Prospectus, (i) all ceded reinsurance and retrocessional treaties, contracts, agreements and arrangements (“Reinsurance Contracts”) to which the Company or any Insurance Subsidiary is a party and as to which any of them reported recoverables, premiums due or other amounts in its most recent statutory financial statements are in full force and effect, except where the failure of such Reinsurance Contracts to be in full force and effect would not, singly or in the aggregate, have a Material Adverse Effect, and (ii) neither the Company nor any Insurance Subsidiary has received any notice from any other party to any Reinsurance Contract that such other party intends not to perform such Reinsurance Contract in any material respect, and the Company has no knowledge that any of the other parties to such Reinsurance Contracts will be unable to perform its obligations thereunder in any material respect, except where (A) the Company or the Insurance Subsidiary has established reserves in its financial statements that it deems adequate for potential uncollectible reinsurance or (B) such nonperformance would not have a Material Adverse Effect.
Reinsurance Contracts. Enter into any reinsurance contract with any Person for an amount that exceeds 10% of the aggregate dollar value of such reinsurance contract unless such Person (i) has a rating of at least A- as determined by A.M. Best Company, (ii) has a rating of at least A by Standard & Poor's, (iii) is a syndicate in Lloyds of London or (iv) is a reinsurer which has provided security to collateralize its obligations in compliance with applicable insurance regulations.
Reinsurance Contracts. The percentage of Net Uncollateralized Reinsurance Recoverables with Persons with a Best rating below A- is % as computed in the supporting documents attached as Schedule 5.*
Reinsurance Contracts. Except as noted on Schedule 3.13, to the knowledge of the Sellers no party to any contract for reinsurance with any of the Sellers is in default in any material respect as to any provision thereof.
Reinsurance Contracts. 31 SECTION 3.12.
Reinsurance Contracts. Schedule 3.11 sets forth a complete and accurate list of all Reinsurance Contracts. Sellers are not in default as to any provision in any Reinsurance Contract and to the Knowledge of Sellers no other party to any Reinsurance Contract is in default as to any provision thereof. On the Closing Date and immediately before Closing, Sellers will not be a party to any Reinsurance Contracts.
Reinsurance Contracts. 3.12(b) Release .......................................................................................................... 3.22(c)(iv) Required Governmental Authorizations ....................................................... 3.6(b) Review Period ............................................................................................... 2.5(c)(i) Scheduled Company Intellectual Property .................................................... 3.20(a) Section 280G Payments ................................................................................ 5.12(i) Section 338(h)(10) Election .......................................................................... 8.7(a) Seller .............................................................................................................
Reinsurance Contracts. Enter into any reinsurance contract with any Person for an amount that exceeds 10% of the aggregate dollar value of such reinsurance contract unless such Person (i) has a rating of at least A- as determined by Best, or (ii) is secured through the Michigan Catastrophic Claims Association; provided that this provision shall not apply to any reinsurance contract with Sore Re until December 31, 2005."
Reinsurance Contracts. With effect from the Effective Date, all the rights, benefits and powers conferred on or vested in the Transferor and all the Liabilities imposed on the Transferor, by or under Transferring Reinsurance Contracts, shall be transferred to and vest in the Transferee who shall be substituted as a party in place of the Transferor as if the Transferee had been an original party to each such agreement from the Effective Date. The reinsurer can have no greater or lesser Liability to the Transferee under any Transferring Reinsurance Contract than they would have had to the Transferor under that agreement in the absence of this Scheme of Transfer. The Transferee can have no greater or lesser Liability to any reinsurer under any Transferring Reinsurance Contracts than the Transferor would have had to such reinsurer under that agreement in the absence of this Scheme of Transfer. To the extent that:
Reinsurance Contracts. Section 4.22 Compliance of Investment Assets Section 4.23 Financial Reinsurance Contracts Section 4.24 Mortgage Insurance Section 4.26 Investment Advisor Section 4.27 Ratings Agencies
