WHITE MOUNTAINS ADVISORS LLC GUILFORD, CT 06437Letter Agreement • June 20th, 2005 • White Mountains Insurance Group LTD • Fire, marine & casualty insurance
This letter agreement (this “Agreement”) is to confirm the understanding between White Mountains Advisors LLC (the “Company”) and Prospector Partners, LLC (“Prospector”) with respect to consulting services that the Company wishes to obtain from Prospector and Prospector wishes to provide to the Company. In consideration of the mutual covenants and agreements set forth herein, Prospector and the Company hereby agree as follows:
PROSPECTOR PARTNERS, LLC INVESTMENT MANAGEMENT AGREEMENTInvestment Management Agreement • June 20th, 2005 • White Mountains Insurance Group LTD • Fire, marine & casualty insurance • New York
PROSPECTOR PARTNERS, LLC, a Delaware limited liability company (the “Adviser”), having an address at 370 Church Street, Guilford, Connecticut 06437, and WHITE MOUNTAINS ADVISORS, LLC, a Delaware limited liability company (the “Client”), having an address at 370 Church Street, Guilford, Connecticut 06437, hereby enter into this Investment Management Agreement, dated as of , 2005 (this “Agreement”), and hereby agree that the Adviser shall act as discretionary adviser with respect to the specified assets of the investment management clients of the Client identified on Schedule A to this Agreement (the “Investment Account”) on the following terms and conditions:
