Exhibit 10.1AMENDED AND RESTATEDQUOTA SHARE RETROCESSION AGREEMENTBY AND BETWEENPLATINUM UNDERWRITERS BERMUDA, LTD.andPLATINUM UNDERWRITERS REINSURANCE, INC.     This Amended and Restated Quota Share Retrocession Agreement (this “Agreement”), dated as ofJanuary 1, 2006, is made by and between Platinum Underwriters Bermuda, Ltd., a Bermuda-domiciledinsurance company (the “Retrocessionaire”), and Platinum Underwriters Reinsurance, Inc. aMaryland-domiciled insurance company (the “Retrocedant”).     WHEREAS, Retrocedant and Retrocessionaire entered into a Quota Share Retrocession Agreement,dated as of January 1, 2004 (the “2004 Retrocession Agreement”);     WHEREAS, Retrocedant and Retrocessionaire amended the 2004 Retrocession Agreement pursuant toAddendum No. 2 to the Quota Share Retrocession Agreement, dated as of April 1, 2005;     WHEREAS, Retrocedant and Retrocessionaire desire to amend the 2004 Retrocession Agreement, asamended, and to restate their rights and obligations in this Agreement.     **NOW THEREFORE**, in consideration of the premises and of the mutual promises set forth herein,Retrocedant and Retrocessionaire agree as follows:**ARTICLE 1 - BUSINESS COVERED**     With respect to business classified by the Retrocedant as North American Property CatastropheExcess of Loss and International Property Catastrophe Excess of Loss (“Catastrophe Covers”), theRetrocedant hereby obligates itself to retrocede to the Retrocessionaire and the Retrocessionairehereby obligates itself to accept a seventy percent (70%) quota share of the reinsurance andretrocession contracts underwritten by Retrocedant on or after the Effective Date.     With respect to Reinsurance Contracts not classified as North American Property CatastropheExcess of Loss and International Property Catastrophe Excess of Loss (“Non Catastrophe Covers”),the Retrocedant hereby obligates itself to retrocede to the Retrocessionaire and theRetrocessionaire hereby obligates itself to accept a eighty percent (80%) quota share of thereinsurance and retrocession contracts underwritten by Retrocedant on or after the Effective.     Catastrophe Covers and Non Catastrophe Covers may be collectively referred to herein as the“Reinsurance Contracts.”
 

 
**ARTICLE 2 - COMMENCEMENT AND TERMINATION**     This Agreement shall take effect and shall apply to all Reinsurance Contracts that incept onor after 12:01 a.m. New York time, January 1, 2006 (the “Effective Date”). It shall remaincontinuously in force but may be terminated by either party giving at least ninety (90) days’notice in writing to the other party.     Upon the expiration or termination of this Agreement, the Retrocessionaire shall remain liablehereunder for it’s pro rata share of the Reinsurance Contracts until the expiration, cancellationor termination of the Retrocedant’s liabilities under the Reinsurance Contracts.**ARTICLE 3 - ORIGINAL CONDITIONS**     All retrocessions assumed under this Agreement shall be subject to the same rates, terms,conditions, waivers and interpretations, and to the same modifications and alterations, as therespective Reinsurance Contracts.     This Agreement is solely between the Retrocedant and the Retrocessionaire, and in no instanceshall any other party have any rights under this Agreement except as expressly provided otherwisein the Insolvency Article.**ARTICLE 4 - PREMIUMS**     With respect to Catastrophe Covers, the Retrocedant shall retrocede to the Retrocessionaire anamount equal to seventy (70%) of Gross Net Premium due under the Reinsurance Contracts.     With respect to Non Catastrophe Covers, the Retrocedant shall retrocede to theRetrocessionaire an amount equal to eighty percent (80%) of the Gross Net Premium due under theReinsurance Contracts.     The Retrocessionnaire shall pay a ceding commission equal to the sum of (i) one hundredpercent (100%) of the actual expenses incurred by Retrocedant in acquiring the respectiveReinsurance Contracts, including all commissions and brokerage, and (ii) five percent (5%) of theGross Net Premium due under the respective Reinsurance Contracts.     For purposes of this Agreement, the term “Gross Net Premium” is the amount equal to (i) theGross Premium ceded to Retrocedant under the respective Reinsurance Contracts less (ii) returnpremium paid or payable by the Retrocedant under the respective Reinsurance Contracts, and (iii)premiums paid or payable by the Retrocedant for inuring reinsurance as described in Article 7hereof.**ARTICLE 5 - EXCLUSIONS**     The following Exclusion Clauses are attached to and form part of this Agreement: 1. Nuclear Incident Exclusion Clause – Liability – Reinsurance- U.S.A. (BRMA 35A).  2. Nuclear Incident Exclusion Clause – Liability – Reinsurance – Canada (BRMA35D).  3. Pools, Associations, and Syndicates as per Pools, Associations, and syndicateExclusion Clause.  4. War Risk Exclusion Clause.
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 5. Insolvency Funds Exclusion Clause.  6. Any Excess of Loss Retrocession Agreement by and between Platinum Re (UK)Limited and Platinum Underwriters Reinsurance, Inc.  7. Reinsurance Contracts subject to certain Collateral Agreements, and which theRetrocedent has identified or will identify in Appendix 2 to this Agreement.**ARTICLE 6 -  TERRITORY**     Coverage applies within the territorial limits of the Reinsurance Contracts covered hereunder.**ARTICLE 7 -  INURING REINSURANCE**     It is understood and agreed that when the Retrocedant warrants that it is in the best interestof the Retrocedant and the Retrocessionaire, Retrocedant may purchase facultative reinsuranceand/or any other treaty reinsurance. The premium for said inuring reinsurance that inures to thebenefit of the Retrocessionaire will reduce the Gross Net Premium pursuant to Article 4 hereof.     Notwithstanding the above, facultative and treaty reinsurance listed in Appendix 1 heretoshall not inure to the benefit of the Retrocessionnaire.**ARTICLE 8 -  LOSS AND LOSS EXPENSE**     With respect to Catastrophe Covers, Retrocessionaire shall be liable for seventypercent (70%) of all loss, loss adjustment expenses and other payment obligations as incurred byRetrocedant under such Reinsurance Contracts on and after the Effective Date net of all salvagesand recoveries under inuring reinsurance.     With respect to Non Catastrophe Covers, Retrocessionaire shall be liable for eighty percent(80%) of all loss, loss adjustment expenses and other payment obligations as incurred byRetrocedant under such Reinsurance Contracts on and after the Effective Date net of all salvagesand recoveries under inuring reinsurance.     Notwithstanding the aforementioned, the Retrocessionaire’s loss from any single PropertyCatastrophe Occurrence shall be subject to a per occurrence limit equal to $180,000,000. Theparties agree that this limit is applied to the loss assumed, net of any inuring reinsurance.     For purposes of this Agreement, Property Catastrophe Occurrence shall mean each and every lossor series of losses arising out of any one event. However, the duration and extent of any “lossoccurrence” so defined shall be limited to (i) 72 consecutive hours as regards a hurricane, atyphoon, windstorm, rainstorm, hailstorm and/or tornado; (ii) 72 consecutive hours and within thelimits of one City, Town or Village as regards riots, civil commotions and malicious damage; or(iii) 168 consecutive hours for any other catastrophe of whatsoever nature.     No individual loss from whatever insured peril, which occurs outside these periods or areas,shall be included in that “loss occurrence”. The Retrocedant may choose the date and time when anysuch period of consecutive hours commences and if any event is of greater duration than the aboveperiods, the Retrocedant may divide that event into two or more “loss occurrences”, provided no twoperiods overlap and provided no period commences earlier than the date and time of the happening ofthe first recorded individual loss to the Retrocedant in that event.
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**ARTICLE 9 -  EXTRA CONTRACTUAL OBLIGATIONS**     This Agreement shall protect the Retrocedant and any original reinsured, within the limitshereof, where the loss includes any Extra Contractual Obligations. The term “Extra ContractualObligations” is defined as those liabilities not covered under any other provision of thisAgreement and which arise from the handling of any claim on business covered hereunder, suchliabilities arising because of, but not limited to, the following: failure by any originalreinsured to settle within the policy limit, or by reason of alleged or actual negligence, fraud,or bad faith in rejecting an offer of settlement or in the preparation of the defense or in thetrial of any action against its insured or reinsured or in the preparation or prosecution of anappeal consequent upon such action.     The date on which any Extra Contractual Obligation is incurred by any original reinsured shallbe deemed, in all circumstances, to be the date of the original disaster and/or casualty.     However, this Article shall not apply where the loss has been incurred due (i) solely to theacts, or failure to act, of the Retrocedant in handling its claims or (ii) to fraud by a member ofthe Board of Directors or a corporate officer of any original reinsured acting individually orcollectively or in collusion with any individual or corporation or any other organization or partyinvolved in the presentation, defense or settlement of any claim covered hereunder.**ARTICLE 10 - EXCESS OF ORIGINAL POLICY LIMITS**     This Agreement shall protect the Retrocedant and any original reinsured, within the limitshereof, in connection with loss in excess of the limit of its original policy, such loss in excessof the limit having been incurred because of failure of the original reinsured to settle within thepolicy limit or by reason of alleged or actual negligence, fraud, or bad faith in rejecting anoffer of settlement or in the preparation of the defense or in the trial of any action against itsinsured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.     However, this Article shall not apply where the loss has been incurred due (i) solely to theacts, or failure to act, of the Retrocedant in handling its claims or (ii) to fraud by a member ofthe Board of Directors or a corporate officer of the original reinsured acting individually orcollectively or in collusion with any individual or corporation or any other organization or partyinvolved in the presentation, defense or settlement of any claim covered hereunder.     For the purpose of this Article, the word “loss” shall mean any amounts for which the originalreinsured or Retrocedant would have been contractually liable to pay had it not been for the limitof the original policy.**ARTICLE 11 — ADMINISTRATION OF REINSURANCE CONTRACTS**          SECTION 11.01 Administration. The parties agree that, as of the Effective Date,Retrocedant shall have the sole authority to administer the Reinsurance Contracts in all respects,which authority shall include, but not be limited to, authority to bill for and collect premiums,adjust all claims and handle all disputes thereunder and to effect any and all amendments,commutations and cancellations of the Reinsurance Contracts. Retrocedant shall not settle anyclaims, waive any right, defense, setoff or counterclaim relating to the Reinsurance Contracts withrespect to amounts in excess of $5 million or make any ex gratia payments in each case without theprior written consent of Retrocessionaire, which consent shall not be unreasonably withheld ordelayed.
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          SECTION 11.02 Reporting and Regulatory Matters. Each party shall provide thenotices and filings required to be made by it to state regulatory authorities as a result of thisAgreement. Notwithstanding the foregoing, each party shall provide to the other party anyinformation in its possession regarding the Reinsurance Contracts as reasonably required by theother party to make such filings and in a form as agreed to by the parties.          SECTION 11.03 Duty to Cooperate. Upon the terms and subject to the conditions andother agreements set forth herein, each party agrees to use its commercially reasonable efforts totake, or cause to be taken, all actions, and to do, or cause to be done, and to assist andcooperate with the other party in doing, all things necessary or advisable to perform thetransactions contemplated by this Agreement.**ARTICLE 12 — FOLLOW THE FORTUNES**     It is the intent of this Agreement that the Retrocessionaire shall in every case in which thisAgreement applies and in the proportions specified herein, “follow the fortunes” of the Retrocedantin respect of risks the Retrocessionaire has accepted under this Agreement.**ARTICLE 13 — REPORTS AND REMITTANCES**     Within thirty (30) days after the close of each month, the Retrocedant will furnish theRetrocessionaire with a report summarizing the written premium ceded less return premium,allowances, commission, premiums for inuring reinsurance, losses paid, loss adjustment expensepaid, monies recovered, and net balance due either party. In addition, the Retrocedant willfurnish the Retrocessionaire a monthly statement showing the unearned premium, the total reservesfor outstanding losses including loss adjustment expense, a breakdown for paid and outstandingcatastrophe losses and loss adjustment expenses, and such other information as may be required bythe Retrocessionaire for completion of its statutory financial statements and other filings.     The net balance will be paid within forty-five (45) days after the close of the respectivemonth. Any such amounts payable to the Retrocessionaire shall be paid into a trust accountestablished under Article 23 hereof, if such trust account has been established. Should paymentdue from the Retrocessionaire exceed $5 million as respects any one loss, the Retrocedant may givethe Retrocessionaire notice of payment made or its intention to make payment on a certain date. Ifthe Retrocedant has paid the loss, payment will be made by the Retrocessionaire immediately. Ifthe Retrocedant intends to pay the loss by a certain date and has submitted a satisfactory proof ofloss or similar document, payment will be due from the Retrocessionaire twenty-four (24) hoursprior to the date, provided the Retrocessionaire has a period of seven (7) days after receipt ofsaid notice to dispatch the payment. Cash loss amounts specifically remitted by theRetrocessionaire as set forth herein will be credited to its next monthly account.     **ARTICLE 14 — CURRENCY**     For purposes of this Agreement, where the Retrocedant receives premiums or pays losses incurrencies other than United States dollars, such premiums or losses shall be converted into UnitedStates dollars at the actual rates of exchange at which these premiums or losses are entered in theRetrocedant’s books.
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**ARTICLE 15 — ACCESS TO RECORDS**     The Retrocedant shall place at the disposal of the Retrocessionaire at all reasonable times,and the Retrocessionaire shall have the right to inspect through its designated representatives,during the term of this Agreement and thereafter, all books, records and papers of the Retrocedantin connection with any reinsurance hereunder, or the subject matter hereof.     The Retrocessionaire, except with the express prior written consent of the Retrocedant, shallnot directly or indirectly, communicate, disclose or divulge to any third party, any knowledge orinformation that may be acquired either directly or indirectly as a result of the inspection of theRetrocedant’s books, records and papers. The restrictions as outlined in this Article shall notapply to communication or disclosures that the Retrocessionaire is required to make to itsstatutory auditors, retrocessionaires, legal counsel, arbitrators involved in any arbitrationprocedures under this Agreement or disclosures required upon subpoena or other duly-issued order ofa court or other governmental agency or regulatory authority.**ARTICLE 16 — ARBITRATION**          SECTION 16.01 As a condition precedent to any right of action under this Agreement, anydispute or difference between the parties hereto relating to the formation, interpretation, orperformance of this Agreement, or any transaction under this Agreement, whether arising before orafter termination, shall be submitted for decision to a panel of three arbitrators (the“Panel”) at the offices of Judicial Arbitration and Mediation Services, Inc. in accordancewith the Streamlined Arbitration Rules and Procedures of Judicial Arbitration and MediationServices, Inc.          SECTION 16.02 The party demanding arbitration shall do so by written notice to the respondingparty. Retrocessionaire hereby appoints its Chief Operating Officer as its agent to receive anyarbitration demand hereunder and Retrocedant hereby appoints its General Counsel as its agent toreceive any arbitration demand hereunder. The arbitration demand shall state the issues to beresolved and shall name the arbitrator appointed by the demanding party.          SECTION 16.03 Within thirty (30) days of receipt of the demand for arbitration, the respondingparty shall notify the demanding party of any additional issues to be resolved in the arbitrationand the name of the responding party’s appointed arbitrator. If the responding party refuses orneglects to appoint an arbitrator within thirty (30) days following receipt of the writtenarbitration demand, then the demanding party may appoint the second arbitrator but only afterproviding ten (10) days’ written notice of its intention to do so, and only if such other party hasfailed to appoint the second arbitrator within such ten (10) day period.          SECTION 16.04 The two arbitrators shall, before instituting the hearing, select an impartialarbitrator who shall act as the umpire and preside over the hearing. If the two arbitrators failto agree on the selection of a third arbitrator within thirty (30) days after notification of theappointment of the second arbitrator, the selection of the umpire shall be made by the AmericanArbitration Association. Upon resignation or death of any member of the Panel, a replacement willbe appointed in the same fashion as the resigning or deceased member was appointed. Allarbitrators shall be active or former officers of property/casualty insurance or reinsurancecompanies, or Lloyd’s underwriters, and shall be disinterested in the outcome of the arbitration.          SECTION 16.05 Within thirty (30) days after notice of appointment of all arbitrators, thePanel shall meet and determine timely periods for briefs, discovery procedures and schedules forhearings. The Panel shall have the power to determine all procedural rules for the holding ofarbitration, including, but not limited to, the inspection of documents, examination of witnessesand
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any other matter relating to the conduct of the arbitration. The Panel shall interpret thisAgreement as an honorable engagement and not as merely a legal obligation and shall make itsdecision considering the custom and practice of the applicable insurance and reinsurance business.The Panel shall be relieved of all judicial formalities and may abstain from following the strictrules of law. The decision of any two arbitrators shall be binding and final. The Panel shallrender its decision in writing within sixty (60) days following the termination of the hearing.Judgment upon the award may be entered in any court of competent jurisdiction.          SECTION 16.06 Each party shall bear the expense of its own arbitrator and shall share equallywith the other party the expense of the umpire and of the arbitration.          SECTION 16.07 Arbitration hereunder shall take place in New York, New York unless the partiesagree otherwise.          SECTION 16.08 The parties hereto hereby expressly (i) submit to the jurisdiction of the Panel,(ii) agree to comply with all requirements necessary to give the Panel jurisdiction and (iii) agreeto abide by the final decision of the Panel.          SECTION 16.09 This Article 16 shall survive termination of this Agreement.**ARTICLE 17 — INSOLVENCY**     In the event of the insolvency of the Retrocedant, this reinsurance shall be payable directlyto the Retrocedant, or to its liquidator, receiver, conservator or statutory successor on the basisof reported claims allowed against the insolvent Retrocedant by any court in a liquidationproceeding, without diminution because of the insolvency of the Retrocedant or because theliquidator, receiver, conservator or statutory successor of the Retrocedant has failed to pay allor a portion of any claim.     It is agreed, however, that the liquidator, receiver, conservator or statutory successor ofthe Retrocedant shall give written notice to the Retrocessionaire of the pendency of a claimagainst the Retrocedant indicating the Reinsurance Contract reinsured, which claim would involve apossible liability on the part of the Retrocessionaire within a reasonable time after such claim isfiled in the conservation or liquidation proceeding or in the receivership, and that during thependency of such claim, the Retrocessionaire may investigate such claim and interpose, at its ownexpense, in the proceeding where such claim is to be adjudicated any defense or defenses that itmay deem available to the Retrocedant or its liquidator, receiver, conservator or statutorysuccessor. The expense thus incurred by the Retrocessionaire shall be chargeable, subject to theapproval of the court, against the Retrocedant as part of the expense of conservation orliquidation to the extent of a pro rata share of the benefit which may accrue to the Retrocedantsolely as a result of the defense undertaken by the Retrocessionaire.     As to all reinsurance made, ceded, renewed or otherwise becoming effective under thisAgreement, the reinsurance shall be payable as set forth above by the Retrocessionaire to theRetrocedant or to its liquidator, receiver, conservator or statutory successor, except (1) wherethe Reinsurance Contracts specifically provide another payee in the event of the insolvency of theRetrocedant, or (2) where the Retrocessionaire with the consent of the insured or reinsureds, hasassumed such Reinsurance Contract obligations of the Retrocedant as direct obligations of theRetrocessionaire to the payees under such Reinsurance Contracts and in substitution for theobligations of the Retrocedant to such payees.
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**ARTICLE 18 — OFFSET**     The Retrocedant and the Retrocessionaire shall have the right to offset any balance or amountsdue from one party to the other under the terms of this Agreement. The party asserting the rightof offset may exercise such right at any time whether the balances due are on account of premiums,losses or otherwise.**ARTICLE 19 — SALVAGE AND SUBROGATION**     The Retrocessionaire will be credited with its share of salvage and/or subrogation in respectof claims and settlements under this Agreement, less its share of recovery expense. Should theRetrocedant refuse or neglect to enforce its right of salvage and/or subrogation, theRetrocessionaire is hereby empowered and authorized to institute appropriate action in the name ofthe Retrocedant.**ARTICLE 20 — FEDERAL EXCISE TAX**     The Retrocessionaire will allow for the purpose of paying Federal Excise Tax a deduction, fromthe premium payable to the Retrocessionaire hereunder, of an amount equal to the applicablepercentage of such premium representing the Federal Excise Tax (as imposed under Section 4371 ofthe Internal Revenue Service Code) to the extent such premium is subject to such tax. In the eventof any return of premium, the Retrocessionaire will deduct the aforesaid percentage from the returnpremium payable hereunder and the Retrocedant or its agent will recover such tax from the UnitedStates Government. In all other instances, if the Retrocedant should recover any portion of aFederal Excise Tax that was withheld from the premium paid to the Retrocessionaire, such recoveredamount shall be paid promptly to the Retrocessionaire.**ARTICLE 21 — SERVICE OF SUIT**     In the event the Retrocessionaire fails to pay any amount claimed due hereunder, theRetrocessionaire, at the request of the Retrocedant, will submit to the jurisdiction of a court ofcompetent jurisdiction within the United States and will comply with all requirements necessary togive that court jurisdiction. Nothing in this Article constitutes, or should be understood toconstitute, a waiver of the Retrocessionarie’s right to commence an action in any court ofcompetent jurisdiction in the United States, to remove an action to the United States DistrictCourt, or to seek a transfer of a case to another court as permitted by the laws of the UnitedStates or of any state in the United States. Service of process in such suit may be made uponDewey Ballantine LLP, New York, New York. In any suit instituted against it upon this Agreement,Retrocessionaire will abide by the final decision of such court or of any appellate court in theevent of an appeal.     The above named are authorized and directed to accept service of process on behalf of theRetrocessionaire in any such suit and/or upon the request of the Retrocedant to give a writtenundertaking to the Retrocedant that they will enter a general appearance upon theRetrocessionaire’s behalf in the event such a suit is instituted.     Further, pursuant to any statute of any state, territory, or district of the Untied Statesthat makes provision therefor, the Retrocessionaire hereby designates the Superintendent,Commissioner, or Director of Insurance or other officer specified for that purpose in the statute(or his successor or successors in office) as its true and lawful attorney upon whom may be servedany lawful process in any action, suit, or proceeding instituted by or on behalf of the Retrocedantor any beneficiary hereunder arising out of this Agreement, and hereby designates the above namedas the person to which the said officer is authorized to mail such process or a true copy thereof.
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**ARTICLE 22 — ERRORS AND OMISSIONS**     Any inadvertent delay, omission, error or failure made in connection with this Agreement shallnot relieve either party hereto from any liability which would attach hereunder if such delay,omission, error or failure had not been made, provided such delay, omission, error or failure isrectified as soon as reasonably practicable after discovery.**ARTICLE 23 — SECURITY**     If Retrocessionaire is not licensed, or an accredited reinsurer in the State of Maryland,Retrocessionaire shall establish and maintain a funds withheld account, trust fund or other form ofsecurity for the benefit of Retrocedant as security for the obligations of Retrocessionaire underthis Agreement. The funds withheld account, trust fund or other form of security shall be in aform reasonably satisfactory to Retrocedant and shall comply with the requirements under MarylandInsurance Law applicable to trust funds, funds withheld accounts, or other forms of securityestablished for credit for reinsurance purposes.**ARTICLE 24 — MISCELLANEOUS PROVISIONS**          SECTION 24.01 Severability. If any term or provision of this Agreement shall be heldvoid, illegal, or unenforceable, the validity of the remaining portions or provisions shall not beaffected thereby.          SECTION 24.02 Successors and Assigns. This Agreement may not be assigned by eitherparty without the prior written consent of the other. The provisions of this Agreement shall bebinding upon and inure to the benefit of and be enforceable by the parties hereto and theirrespective successors and assigns as permitted herein.          SECTION 24.03 Execution in Counterparts. This Agreement may be executed by theparties hereto in any number of counterparts and by each of the parties hereto in separatecounterparts, each of which counterparts, when so executed and delivered, shall be deemed to be anoriginal, but all such counterparts shall together constitute but one and the same instrument.          SECTION 24.04 Headings. Headings used herein are not a part of this Agreement andshall not affect the terms hereof.          SECTION 24.05 Amendments; Entire Agreement. This Agreement may be amended only bywritten agreement of the parties. This Agreement supersedes all prior discussions and written andoral agreements and constitutes the sole and entire agreement between the parties with respect tothe subject matter hereof.          SECTION 24.06 Negotiated Agreement. This Agreement has been negotiated atarm’s-length, and the fact that the initial and final drafts will have been prepared by eitherparty will not give rise to any presumption for or against any party to this Agreement or be usedin any respect or forum in the construction or interpretation of this Agreement or any of itsprovisions.          SECTION 24.07 Governing Law. This Agreement shall be governed by the laws of theState of New York without giving effect to any choice or conflict of laws provision or rule(whether of the State of New York or any other jurisdiction) that would cause the application ofthe laws of any jurisdiction other than the State of New York.
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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their dulyauthorized representatives as of the date set forth below.       Platinum Underwriters Bermuda, Ltd.       By: /s/ Francois Bertrand         Name: Francois Bertrand    Title: Senior Vice President    Date: April 3, 2006       Platinum Underwriters Reinsurance, Inc.       By : /s/ Edward F. Torres         Name: Edward F. Torres    Title: Senior Vice President    Date: April 6, 2006
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Appendix 1:  List of facultative and treaty reinsurance that do not inure to the benefit of the RetrocessionnaireArrow Re Quota Share AgreementAppendix 2:  List of Reinsurance Contracts subject to Collateral Agreements
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Appendix 2List of Reinsurance Contracts subject to Collateral Agreements           Contract Effective Expiration      Number Date Date Treaty Title Company Name Premium00003411000 01-Jan-06 31-Dec-06 Prof. Liab 2nd XOL XL Insurance (Bermuda) Ltd. 2,082,32900200954900 01-Jan-06 31-Dec-06 Aviation General QS XL Re Ltd. 899,98600200423700 01-Jan-06 31-Dec-06 Gen Avn Occ XL XL Reinsurance America Inc. 350,00000200699600 01-Jan-06 31-Dec-06 Gen Avn Risk XL XL Reinsurance America Inc. 300,00000004296700 01-Jan-06 31-Dec-06 Risk Fac 3rd Excess XL Reinsurance America Inc. 200,00000004296800 01-Jan-06 31-Dec-06 Risk Fac 4th Excess XL Reinsurance America Inc. 85,00000200407600 01-Jan-06 31-Dec-06 Global Energy Zurich Intern (Bermuda) Ltd 9,000,000
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