EX-10 3 0003.txt EXHIBIT 10.1 Exhibit 10.1 ENDORSEMENT TO QUOTA SHARE RETROCESSION TREATY (hereinafter referred to as "Agreement") between PXRE REINSURANCE COMPANY (hereinafter referred to as the "Company") and PENNSYLVANIA LUMBERMENS MUTUAL INS. CO. (hereinafter referred to as the "Reinsurer") It is understood and agreed that, effective January 1, 1996, ARTICLE II-(REINSURANCE CLAUSE) is amended as follows: Cessions to this agreement will never exceed $20,000,000 per reinsurance program for 100% Quota Share. In addition, effective January 1, 1996, ARTICLE VII is amended to provide for the Profit Commission calculation to be on a three year block. It is further understood and agreed that, effective January 1, 1997, the participation of the Reinsurer is amended to 0.6%. Under terms of the Agreement, the Reinsurer agrees to assume severally and not jointly with other participants a 0.6% share (being $120,000 per program) of the liability described in the attached Agreement, and as consideration of the above, the Reinsurer shall receive 0.6% of the premium named therein for cession made on or after 12:01 A.M., January 1, 1997, local time, for business incepting or renewing after that date. Signed in Phil Pa this 12th day of, May 1997. PENNSYLVANIA LUMBERMENS MUTUAL INS. CO. BY Fred R. Phillips --------------------------- TITLE Sr V.P. & Sec ------------------------ And in Edison, New Jersey this 6th day of, May 1997. PXRE REINSURANCE COMPANY BY GORDON FORSYTH, III --------------------------- TITLE Executive Vice President ------------------------ ENDORSEMENT TO QUOTA SHARE RETROCESSION TREATY (hereinafter referred to as "Agreement) between PXRE REINSURANCE COMPANY (hereinafter referred to as the "Company") and AUTO OWNERS INSURANCE COMPANY (hereinafter referred to as the "Reinsurer") It is understood and agreed that effective January 1, 1999, the participation of the Reinsurer is amended to 0.8%. Under terms of the Agreement, the Reinsurer agrees to assume severally and not jointly with other participants a 0.8% share (being $160,000 per program) of the liability described in the attached Agreement, and as consideration of the above, the Reinsurer shall receive 0.8% of the premium named therein for cession made on or after 12:01 A.M., January 1, 1999, local time, for business incepting or renewing after that date. Signed in Lansing, Michigan this 14th day of, June 1999. AUTO OWNERS INSURANCE COMPANY BY JOHN A. WALLACE -------------------------- TITLE Director of Reinsurance ----------------------- And in Edison, New Jersey this 10th day of, June 1999. PXRE REINSURANCE COMPANY BY GORDON FORSYTH, III ----------------------- TITLE -------------------- ENDORSEMENT TO QUOTA SHARE RETROCESSION TREATY (hereinafter referred to as "Agreement) between PXRE REINSURANCE COMPANY (hereinafter referred to as the "Company") and THE ANDOVER COMPANIES (hereinafter referred to as the "Reinsurer") It is understood and agreed that effective January 1, 1999, the participation of the Reinsurer is amended to 1.8%. Under terms of the Agreement, the Reinsurer agrees to assume severally and not jointly with other participants a 1.8% share (being $360,000 per program) of the liability described in the attached Agreement, and as consideration of the above, the Reinsurer shall receive 1.8% of the premium named therein for cession made on or after 12:01 A.M., January 1, 1999, local time, for business incepting or renewing after that date. Signed in Andover, this 14th day of, June 1999. THE ANDOVER COMPANIES BY DONALD VOSE ------------------------- TITLE RISK V.P. ------------------------- And in Edison, New Jersey this 10th day of, June 1999. PXRE REINSURANCE COMPANY BY GORDON FORSYTH, III -------------------------- TITLE EXECUTIVE VICE PRESIDENT -------------------------- ENDORSEMENT TO QUOTA SHARE RETROCESSION TREATY (hereinafter referred to as "Agreement") between PXRE REINSURANCE COMPANY (hereinafter referred to as the "Company") and NRMA INSURANCE LIMITED (hereinafter referred to as the "Reinsurer") It is understood and agreed that effective January 1, 2001, the participation of the Reinsurer is amended to 1.0%. Under terms of the Agreement, the Reinsurer agrees to assume severally and not jointly with other participants a 1.0% share (being $200,000 per program) of the liability described in the attached Agreement, and as consideration of the above, the Reinsurer shall receive 1.0% of the premium named therein for cession made on or after 12:01 A.M., January 1, 2001, local time, for business incepting or renewing after that date. Signed in Sydney this 26th day of February, 2001. NRMA INSURANCE LIMITED BY SUSAN VIDLER ________________________________ TITLE Reinsurance Manager _____________________________ And in Edison, New Jersey this 20th day of February, 2001. PXRE REINSURANCE COMPANY BY GORDON FORSYTH ________________________________ TITLE Executive Vice President _____________________________