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Blanket Assumption Endorsement Agreement

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Title:

Blanket Assumption Endorsement Agreement

Entities:

Odyssey Re Holdings Corp.

Date:

2001

Size:

Preview shows 1KB of 4KB total

Price:

$38

ID:

#416941

► Miscellany ► Endorsement ► Blanket Assumption Endorsement Agreements
► Insurance ► Property & Casualty Insurance

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                    BLANKET ASSUMPTION ENDORSEMENT AGREEMENT



                                     Between



                            RANGER INSURANCE COMPANY

                                 Houston, Texas

                      (hereinafter referred to as "Ranger")



                                       and



                         ODYSSEY REINSURANCE CORPORATION

                               New York, New York

                     (hereinafter referred to as "Odyssey")





WHEREAS, Ranger is an insurance company with an A. M. Best Rating of B++; and,



WHEREAS, prospective policy holders and/or mortgagees of policy holders of

Ranger may from time to time request that, as additional security, assumption of

liability endorsements (hereinafter "Endorsements") from an A- (or better) rated

company, be attached to Ranger policies; and,



WHEREAS, Odyssey being an A rated company is willing to issue such Endorsements;

and,



WHEREAS, Odyssey and Ranger, being under the common control of Fairfax Financial

Holdings Limited ("Fairfax"), are aware of the mutual benefits of Ranger being

able to issue competitive policies.

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