Common Contracts
1 similar Reinsurance Agreement contracts
THIS DOCUMENT REMAINS SUBJECT TO FINAL AGREEMENT WITH HM TREASURYReinsurance Agreement • February 27th, 2024
Date: 1 April [YEAR] Reinsured(s): [INSERT] Reinsurer: Pool Reinsurance Company Limited Underwriting Period: [00.00] 1 April [2025] to [23.59] 31 March [2026] inclusive Premium: £[XXX] Premium payment terms: Payable in four equal instalments due on:• 1 April [2025]• 1 July [2025]• 1 October [2025]• 1 January [2026] [Where there is more than one Reinsured entity [each of the Reinsureds will be jointly and severally liable for payment of the Premium] / [the first named Reinsured shall be responsible for paying Premium on behalf of all Reinsureds]] Retentions: • Section 1 Retention (as defined in the Reinsurance Agreement)£[XXX] [XXX] in the annual aggregate:o Section 1 Retention sub-limited to [no less than 40% of the Section 1 Minimum Retention] in respect of the Class B Head of Cover.• Section 2 Retention (as defined in the Reinsurance Agreement)£[XXX] in the annual aggregate:• Section 2 retention sub-limited to [no less than 40% of the Section 2 Minimum Retention] in respect of the
