Commutation and Release Agreement Sample Contracts

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EX-10.1 2 dex101.htm COMMUTATION AND RELEASE AGREEMENT. COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • May 5th, 2020 • Illinois

This Commutation and Release Agreement (hereinafter the “Commutation Agreement”) is entered into by and between Continental Casualty Company, and its affiliated companies (collectively hereinafter the “Company”) of the one part and AmerInst Insurance Company Limited, formerly known as AmerInst Insurance Company, Inc. (hereinafter the “Reinsurer”) of the other part, effective as of June 1, 2009.

AGREEMENT ---------
Commutation and Release Agreement • January 14th, 2005 • National Atlantic Holdings Corp • Fire, marine & casualty insurance • New Jersey
EXHIBIT NO. 10 (40) COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • July 31st, 2009 • Cna Surety Corp • Surety insurance • Illinois

This Commutation and Release Agreement (hereinafter the “Commutation Agreement”) is entered into by and between Continental Casualty Company (hereinafter the “Company”) of the one part and Western Surety Company (hereinafter the “Reinsurer”) of the other part, effective as of June 30, 2009.

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • March 31st, 2015 • Affirmative Insurance Holdings Inc • Fire, marine & casualty insurance • Illinois

COMMUTATION AND RELEASE AGREEMENT (the “Agreement”) entered into between Affirmative Insurance Company (the “Company”) and Greenlight Reinsurance Ltd. (the “Reinsurer”), effective the 24th day of March, 2015.

MASTER COMMUTATION, RELEASE AND RESTRUCTURING AGREEMENT among XL Capital Ltd; XL Insurance (Bermuda) Ltd; XL Reinsurance America Inc.; X.L. Global Services, Inc.; XL Services (Bermuda) Ltd and X.L. America, Inc.; Security Capital Assurance Ltd; XL...
Commutation and Release Agreement • August 11th, 2008 • Security Capital Assurance LTD • Surety insurance • New York

WHEREAS, XLI is the record and beneficial owner of approximately forty-six percent (46%) of SCA’s issued and outstanding common shares (the “XL Owned SCA Common Shares”);

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • May 15th, 2015 • Affirmative Insurance Holdings Inc • Fire, marine & casualty insurance • Illinois

COMMUTATION AND RELEASE AGREEMENT (the "Agreement") entered into between Affirmative Insurance Company (the "Company") and Watford Re Ltd. (the "Reinsurer"), effective the 1st day of April, 2015.

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • April 22nd, 2004 • Assured Guaranty LTD • Surety insurance • New York

This Commutation and Release Agreement (this “Agreement”), dated as of April __, 2004, as made by and between WESTCHESTER FIRE INSURANCE COMPANY (the “Company”) and ASSURED GUARANTY RE OVERSEAS LTD. (formerly ACE Capital Re Overseas Ltd.) (the “Reinsurer”).

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • October 9th, 2012 • Wmi Holdings Corp. • Savings institution, federally chartered • Arizona

This COMMUTATION AND RELEASE AGREEMENT (this “Agreement”) dated July 17, 2012 shall be effective upon approval of the Maricopa County, Arizona, Superior Court in CV 2011-018944 (the “Receivership Court”) (the “Effective Time”) by and between PMI Mortgage Insurance Co., in Rehabilitation (“PMI”), an insurance company organized under the laws of the State of Arizona (the “Reinsured”) and WM Mortgage Reinsurance Company, Inc. (“WMRC”) a corporation organized under the laws of the State of Hawaii (the “Reinsurer”).

Reinsurance Commutation and Release Agreement
Commutation and Release Agreement • May 9th, 2005 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • New York

This Reinsurance Commutation and Release Agreement (hereinafter referred to as the “Agreement”), is entered into by and between Philadelphia Insurance Company, Philadelphia Indemnity Insurance Company, both of Bala Cynwyd, Pennsylvania, Mobile USA Insurance Company, Liberty American Insurance Company, both of Pinellas Park, Florida, and any and all other companies which are now or may hereafter become member companies of Philadelphia Consolidated Holding Corporation (hereinafter referred to collectively as the “Company”) and Swiss Reinsurance America Corporation, Armonk, New York (hereinafter referred to as “Swiss Re”). The Company and Swiss Re are sometimes referred to individually as a “Party” and collectively as the “Parties.”

Contract
Commutation and Release Agreement • May 5th, 2020

<DOCUMENT> <TYPE>EX-10.15 <SEQUENCE>19 <FILENAME>d27260exv10w15.txt <DESCRIPTION>COMMUTATION AND RELEASE AGREEMENT <TEXT> <PAGE> Exhibit 10.15 COMMUTATION AND RELEASE AGREEMENT As of the Effective Date, this Commutation and Release Agreement (this "Commutation Agreement") is made and entered into by and between AMERISAFE, Inc., (also known as Amerisafe Insurance Group of DeRidder, Louisiana) on behalf of itself and all of its Affiliated (as defined herein) and/or subsidiary companies, including, but not limited to, American Interstate Insurance Company and Silver Oak Casualty, Inc., and Converium Reinsurance (North America) Inc. (formerly known as Zurich Reinsurance (North America), Inc.) of Stamford, Connecticut. WHEREAS, Company (as defined herein) and Reinsurer (as defined herein) have entered into the Reinsurance Agreements (as defined herein) pursuant to which Company ceded to Reinsurer, and Reinsurer assumed from Company, certain liabilities arising out of policies of insurance w

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • October 28th, 2004 • Annuity & Life Re (Holdings), Ltd. • Life insurance • Connecticut

This Commutation and Release Agreement (the “Agreement”) is made by and between Annuity & Life Reassurance, Ltd. (the “REINSURER”), an insurance company domiciled in Bermuda, and Connecticut General Life Insurance Company (the “COMPANY”), an insurance company domiciled in Connecticut, effective as of the EFFECTIVE DATE (as hereinafter defined). The REINSURER and the COMPANY are hereinafter referred to collectively as the “Parties” and individually as a “Party”.

RECITALS
Commutation and Release Agreement • November 9th, 2006 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • Connecticut
COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • October 31st, 2006 • Odyssey Re Holdings Corp • Fire, marine & casualty insurance • Delaware

This Commutation and Release Agreement is made effective as of September 29, 2006 (hereinafter the “Commutation Date”) by and between Clearwater Insurance Company (formerly known as Odyssey Reinsurance Corporation and previously as Skandia America Reinsurance Corporation) (hereinafter the “Reinsured”) and nSpire Re Limited (formerly known as ORC Re Limited) (hereinafter the “Reinsurer”).

Reinsurance Commutation and Release Agreement
Commutation and Release Agreement • May 9th, 2005 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • New York

This Reinsurance Commutation and Release Agreement (hereinafter referred to as the “Agreement”), is entered into by and between Philadelphia Insurance Company, Philadelphia Indemnity Insurance Company, both of Bala Cynwyd, Pennsylvania, Mobile USA Insurance Company, Liberty American Insurance Company, both of Pinellas Park, Florida, and any and all other companies which are now or may hereafter become member companies of Philadelphia Consolidated Holding Corporation (hereinafter referred to collectively as the “Company”) and Federal Insurance Company, Warren, New Jersey, through Chubb Re, Inc., Bernardsville, New Jersey (hereinafter referred to as “Chubb Re”). The Company and Chubb Re are sometimes referred to individually as a “Party” and collectively as the “Parties.”

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • March 31st, 2015 • Affirmative Insurance Holdings Inc • Fire, marine & casualty insurance • Illinois

COMMUTATION AND RELEASE AGREEMENT (the “Agreement”) entered into between Affirmative Insurance Company (the “Company”) and Third Point Reinsurance Company Ltd. (the “Reinsurer”), effective the 1st day of January, 2015.

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • February 16th, 2010 • State Auto Financial CORP • Fire, marine & casualty insurance • Ohio

This Commutation and Release Agreement (hereinafter the “Commutation Agreement”) is entered into as of February 10, 2010 and is effective as of January 1, 2010 between State Automobile Mutual Insurance Company (hereinafter referred to as the “Reinsurer”) and State Auto National Insurance Company (hereinafter referred to as “SAN”).

Commutation and Release Agreement Between Farmers New World Life Insurance Company, an insurance company organized under the laws of the State of Washington Suite 300 Bellevue, WA 98005 (hereinafter referred to as the ‘‘Reinsured’’) and Zurich...
Commutation and Release Agreement • May 1st, 2024 • Farmers Variable Life Separate Account A

THIS COMMUTATION AND RELEASE AGREEMENT (this “Agreement”) is dated as of August 1, 2023 (the “Closing Date”) and effective as of 12:00:59 a.m. (Bellevue, Washington time) on August 1, 2023 (the “Effective Time”).

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • October 18th, 2021 • Amerinst Insurance Group LTD • Insurance carriers, nec • New York

This Commutation and Release Agreement (hereinafter the “Commutation Agreement”) effective as of March 31, 2021 is entered into by and between The North River Insurance Company, United States Fire Insurance Company, Crum & Forster Indemnity Company, Crum and Forster Insurance Company, and Crum & Forster Specialty Insurance Company (hereinafter collectively called “Reinsured”), and Amerinst Insurance Company Limited (hereinafter called “Reinsurer”).

EXHIBIT 99.1
Commutation and Release Agreement • April 29th, 2003 • Pxre Group LTD • Title insurance • New York
COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • July 21st, 2009 • Radian Group Inc • Surety insurance • New York

This Commutation and Release Agreement (the “Commutation Agreement”), dated July 20, 2009, is entered into by and among Ambac Assurance Corporation (“AAC”), Ambac Assurance UK Limited (“AUK” and, collectively with AAC, the “Company”) and Radian Asset Assurance Inc. (the “Reinsurer”). Each of the Company and the Reinsurer are referred to herein as a “Party” and collectively as the “Parties”.

COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • August 10th, 2004 • Assured Guaranty LTD • Surety insurance • New York

This Commutation and Release Agreement (this “Agreement”), dated as of April 28, 2004, as made by and between WESTCHESTER FIRE INSURANCE COMPANY (the “Company”) and ASSURED GUARANTY RE OVERSEAS LTD. (formerly ACE Capital Re Overseas Ltd.) (the “Reinsurer”).

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COMMUTATION AND RELEASE AGREEMENT
Commutation and Release Agreement • March 21st, 2005 • Bristol West Holdings Inc • Fire, marine & casualty insurance

This Commutation and Release Agreement (hereinafter called "Commutation") is entered into by and between COAST NATIONAL INSURANCE COMPANY, a California corporation, SECURITY NATIONAL INSURANCE COMPANY, a Florida corporation, BRISTOL WEST INSURANCE COMPANY of Philadelphia, Pennsylvania and BRISTOL WEST CASUALTY INSURANCE COMPANY OF Independence, Ohio (hereinafter and thereinafter collectively referred to as "Company") and INTER-OCEAN REINSURANCE (IRELAND) LIMITED, of Dublin, Ireland (hereinafter and thereinafter referred to as "Reinsurer").

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