This Amendment to Employment Agreement
, entered into as of this 9th day of January, 2007, is
made effective January 1, 2007 and amends that certain Employment Agreement
by and between NYMAGIC,
INC., a New York
corporation (together with its successors and assigns, the Company) and A.
(the Executive), entered into as of the 17th
day of April 2006, and made
effective October 1, 2005.
1. Section 3 is hereby amended to read as follows:
3. Base Salary.
The Executive shall be paid an annualized salary, payable in accordance with the regular
payroll practices of the Company, of not less than $450,000, subject to review for increase at the
discretion of the Compensation Committee (the Committee) of the Board (Base Salary).
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written