**Exhibit 10.32**

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ADDENDUM NO 1

to the

CASUALTY EXCESS OF LOSSREINSURANCE AGREEMENTNO. POR327454(hereinafter referred to as the “Agreement”)

between

SAFETY INSURANCE COMPANYSAFETY INDEMNITY INSURANCE COMPANYBoston, Massachusetts(hereinafter referred to as the “Company”)

and

SWISS REINSURANCE AMERICACORPORATIONArmonk, New York(hereinafter referred to as the “Reinsurer”)

It is understood and agreed that effective as of inception, January 1,2006, Article XII - Contingent Commission is hereby deleted from thisAgreement.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED

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IN WITNESS WHEREOF, the parties hereto have caused this Addendum to beexecuted in duplicate, by their duly authorized representatives as of thefollowing dates:

In Boston this 2nd day of December 2006.
| ATTEST:            |   |   |   | SAFETY INSURANCE COMPANY  SAFETY INDEMNITY INSURANCE COMPANY |
|--------------------|--------|--------|--------|--------------------------------------------------------------|
|               |   |   |   |                                                         |
|               |   |   |   |                                                         |
| /s/ Janet Kelleher |   |   |   | /s/ Edward N.  Patrick Jr.                                   |
|               |   |   |   |                                                         |
|               |   |   |   |                                                         |
| Janet Kelleher     |   |   |   | Edward N.  Patrick Jr.                                       |
| Name               |   |   |   | Name                                                         |
|               |   |   |   |                                                         |
|               |   |   |   |                                                         |
| Controller         |   |   |   | VP Underwriting                                              |
| Title              |   |   |   | Title                                                        |

 

And in Armonk, New York,this 19th day of December, 2006.
| ATTEST:                               |   |   |   | SWISS REINSURANCE AMERICA CORPORATION        |
|---------------------------------------|--------|--------|--------|----------------------------------------------|
|                                  |   |   |   |                                         |
|                                  |   |   |   |                                         |
| /s/ Robert Weireter                   |   |   |   | /s/ Jeffrey W.  Isaacson                     |
|                                  |   |   |   |                                         |
|                                  |   |   |   |                                         |
| Robert Weireter                       |   |   |   | Jeffrey W.  Isaacson                         |
| Name                                  |   |   |   | Name                                         |
|                                  |   |   |   |                                         |
|                                  |   |   |   |                                         |
| Vice President   Member of Management |   |   |   | Vice President   Member of Senior Management |
| Title                                 |   |   |   | Title                                        |

 

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