TERRORISM CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT EFFECTIVE MARCH 1, 2008 between PHILADELPHIA INSURANCE COMPANY and PHILADELPHIA INDEMNITY INSURANCE COMPANY BALA CYNWYD, PENNSYLVANIA, USA (hereinafter referred to as the “Reinsured”) by...Philadelphia Consolidated Holding Corp • August 5th, 2008 • Fire, marine & casualty insurance
Under the terms of this Contract, the above Reinsurers agree to assume severally and not jointly with other participants
PHILADELPHIA INSURANCE COMPANY Bala Cynwyd, Pennsylvania PHILADELPHIA INDEMNITY INSURANCE COMPANY Bala Cynwyd, Pennsylvania PROPERTY FOURTH PER RISK EXCESS OF LOSS REINSURANCE AGREEMENTInterests and Liabilities Agreement • August 5th, 2008 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • Pennsylvania
By this Contract the Reinsurer agrees to reinsure the excess liability of the Company under its Policies in force at the effective time and date hereof or issued or renewed at or after that time and date, and classified by the Company as Property business which is defined as insurance which is classified in the NAIC Annual Statement as fire, allied lines, inland marine, commercial multiple peril (property coverages), automobile physical damage (comprehensive and collision) when written on a garage or open lot basis, subject to the terms, conditions and limitations hereafter set forth.
PHILADELPHIA INSURANCE COMPANY Bala Cynwyd, Pennsylvania PHILADELPHIA INDEMNITY INSURANCE COMPANY Bala Cynwyd, Pennsylvania PROPERTY FIFTH PER RISK EXCESS OF LOSS REINSURANCE AGREEMENTInterests and Liabilities Agreement • August 5th, 2008 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • Pennsylvania
It is hereby mutually understood and agreed that as of January 01, 2008 the above Subscribing Reinsurer’s share in the interests and liabilities of the Subscribing Reinsurers in the Contract will be 50.0%. As consideration, the above Subscribing Reinsurer shall receive 50.0% share of the premium named in the Contract.
INTERESTS AND LIABILITIES AGREEMENT (the “Agreement”) of UNDERWRITERS AT LLOYD’S, LONDON AS SET FORTH IN THE SIGNING SCHEDULE ATTACHED HERETO (the “Subscribing Reinsurer”) with respect to the CASUALTY EXCESS OF LOSS REINSURANCE CONTRACT (the...Interests and Liabilities Agreement • August 5th, 2008 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance
This Agreement shall commence at 12:01 a.m., Eastern Standard Time, January 1, 2008 and shall continue in force until 12:01 a.m., Eastern Standard Time, January 1, 2009, unless earlier terminated in accordance with the attached Contract.
