Document:

Exhibit 10.13

TRADITIONAL
PROGRAM BUSINESS POOL MANAGEMENT AGREEMENT

This Traditional Program Business Pool Management Agreement (“Pool
Management Agreement”) by and between Tower Insurance Company of New York (“TICNY”),
an insurance company domiciled in New York, and CastlePoint Insurance Company (“CPIC”),
an insurance company domiciled in New York, is made effective as of 12:01 a.m.,
January 1, 2007,  (the “Effective Date”).

WHEREAS, TICNY and CPIC are each authorized to transact, and do transact, a
multiple line property and casualty insurance business; and

WHEREAS, TICNY and CPIC desire to pool their respective Traditional Program
Business (defined below) in order to make more efficient use of available
surplus and achieve other operating efficiencies; and

WHEREAS,
TICNY and CPIC have entered into the Traditional Program Business Pooling
Agreement to which this Pool Management Agreement is attached; and

WHEREAS, the pool participants desire CPIC to be the manager of such pool, in
view of its expertise in Traditional Program Business;

NOW, THEREFORE, for mutual considerations, the sufficiency
and receipt of which are hereby acknowledged, TICNY and CPIC agree as follows:

ARTICLE
I            Definitions

The following terms, whenever used herein, shall have the following
meanings:

“Existing Reinsurance” shall have the same
meaning that it has in the Traditional Program Business Pooling Agreement.

“Net
Loss Ratio” shall have the same meaning it has in the Traditional Program
Business Pooling Agreement.

“Net
Premium Earned” shall have the same meaning it has in the Traditional Program
Business Pooling Agreement.

 1
 

“Net
Written Premium” shall have the same meaning it has in the Traditional Program
Business Pooling Agreement.

“Participating Companies” shall mean TICNY and CPIC.

“Policies”
shall have the same meaning it has in the Traditional Program Business Pooling
Agreement.

“Pool
Reinsurance” shall have the same meaning it has in the Traditional Program
Business Pooling Agreement.

“Pooling
Percentages” shall be those percentages set forth on Schedule 1 attached to the
Traditional Program Business Pooling Agreement, as amended from time to time.

“Program Business” shall have the same meaning that it has in the Traditional
Program Business Pooling Agreement.

  “Program Underwriting Agent”
shall have the same meaning that it has in the Traditional Program Business
Pooling Agreement.

“Traditional Program Business” shall have the same meaning that it has
in the Traditional Program Business Pooling Agreement.

 “Traditional Program Business
Pool” shall have the same meaning that it has in the Traditional Program
Business Pooling Agreement.

ARTICLE
II          Term

A.        This Pool Management
Agreement will become effective on the Effective Date.  Any Participating Company may terminate its
respective participation in this Pool Management Agreement as of the date forty-eight
(48) months after the Effective Date and thereafter as of the close of a
calendar quarter by giving at least six (6) months prior written notice to the
other party by certified or registered mail.

B.        Notwithstanding
paragraph A above, this Pool Management Agreement may be terminated immediately
with respect to new or renewal business (a) at any time by mutual consent in
writing by each

 2
 

of
the Participating Companies or (b) as of the close of a calendar quarter,
upon not less than sixty (60) days, prior written notice by a Participating
Company to the other Participating Companies of such Participating Company’s
exercise of its right to terminate its participation in the Traditional Program
Business Pool.

C.        If this Pool Management
Agreement is terminated pursuant to this Article IV, all rights and obligations
of the Participating Companies under this Pool Management Agreement prior to
such termination shall continue to be governed by the terms of this Pool
Management Agreement.

ARTICLE III         Pool
Management

CPIC shall be the manager of
the Traditional Program Business Pool and provide management services which
shall include, but not be limited to, the following:

1.                           Marketing, underwriting and issuance of
Policies;

2.         Determining premium rates and other
underwriting terms and conditions with respect to the issuance of Policies;

3.         Establishing commissions and fees to be
paid to producers and/or brokers in connection with the underwriting of
Policies;

4.         Establishing commissions and fees to be
paid to service providers by or for the account of the Traditional Program
Business Pool;

5.         Collecting premiums and other amounts
due under Policies;

6.         Adjusting settling, defending and
paying claims under Policies;

7.         Perform all administrative and
policyholder services in connection with the issuance of Policies;

8.         Purchasing, managing and administering
Existing Reinsurance and Pool Reinsurance as set forth in Article II of the
Pooling Agreement;

9.         Underwriting audit and control, product
development and state filings;

10.       Loss prevention/premium audit;

11.       Information technology;

12.       Accounting and cash management;

13.       Human resources and other administrative
functions; and

14.       Remitting and reporting as set forth in Article IX of the
Pooling Agreement

All expenses incurred in connection with the foregoing services shall
be shared between the Participating Companies based upon their respective
Pooling Percentages.

ARTICLE IV         Amendments 

This Pool Management Agreement may be amended
only if in writing and signed by each Participating Company.

 3
 

ARTICLE V          Arbitration

A.            As
a condition precedent to any right of action hereunder, in the event of any
dispute or difference of opinion hereafter arising with respect to this Pool
Management Agreement, it is hereby mutually agreed that such dispute or
difference of opinion shall be submitted to arbitration.  One Arbiter shall be chosen by each
Participating Company that is a party to such dispute and an Umpire shall be
chosen by the Arbiters before they enter upon arbitration, all of whom shall be
active or retired disinterested executive officers of insurance or reinsurance
companies or Underwriters at Lloyd’s of London. 
In the event that a Participating Company should fail to choose an
Arbiter within thirty (30) days following a written request by another
Participating Company to do so, the requesting Participating Company’s Arbiter
shall choose a second arbiter before entering upon arbitration.  If the two arbitrators are unable to agree
upon the third arbitrator within thirty (30) days of their appointment, the
third arbitrator shall be selected from a list of six individuals (three named
by each arbitrator) by a judge of the United States District Court having
jurisdiction over the geographical area in which the arbitration is to take
place, or if that court declines to act, the state court having general
jurisdiction in such area.

B.            Participating
Companies party to the dispute shall present their case to the Arbiters within
thirty (30) days following the date of appointment of the Umpire.  The Arbiters shall consider this Pool
Management Agreement as an honorable engagement rather than merely as a legal
obligation and they are relieved of all judicial formalities and may abstain
from following the strict rules of law. 
The decision of the Arbiters shall be final and binding on all
Participating Companies; but failing to agree, they shall call in the Umpire
and the decision of the majority shall be final and binding upon all
parties.  Judgment upon the final
decision of the Arbiters may be entered in any court of competent jurisdiction.

C.            Each
Participating Company that is a party to the dispute shall bear the expense of
its own Arbiter, and shall jointly and equally bear with the other the expense
of the Umpire and of the arbitration.  In
the event that the two Arbiters are chosen by the requesting Participating
Company, as above provided,

 4
 

the expense of the Arbiters, the Umpire and the arbitration shall be
equally divided between the Participating Companies that are parties to the
arbitration.

ARTICLE VI         Miscellaneous
Provisions

A.            Headings
used herein are not a part of this Pool Management Agreement and shall not
affect the terms hereof.

B.            All
notices, requests, demands and other communications under this Pool Management
Agreement must be in writing and will be deemed to have been duly given or made
as follows:  (a) if sent by registered or
certified mail in the United States return receipt requested, upon receipt; (b)
if sent by reputable overnight air courier, two business days after mailing;
(c) if sent by facsimile transmission, with a copy mailed on the same day in
the manner provided in (a) or (b) above, when transmitted and receipt is
confirmed by telephone; or (d) if otherwise actually personally delivered, when
delivered.

C.        This Pool Management Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors,
permitted assigns and legal representatives. 
Neither this Pool Management Agreement, nor any right or obligation
hereunder, may be assigned by any party without the prior written consent of
the other party hereto.

D.        This Pool Management
Agreement may be executed by the parties hereto in any number of counterparts,
and by each of the parties hereto in separate counterparts, each of which
counterparts, when so executed and delivered, shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.

E.         This Pool Management
Agreement will be construed, performed and enforced in accordance with the laws
of the State of New York without giving effect to its principles or rules of
conflict of laws thereof to the extent such principles or rules would require
or permit the application of the laws of another jurisdiction.

F.         This Pool Management
Agreement constitutes the entire agreement between the parties hereto relating
to the subject matter hereof and supersedes all prior and contemporaneous
agreements,

 5
 

understandings,
statements, representations and warranties, negotiations and discussions,
whether oral or written, of the parties and there are no general or specific
warranties, representations or other agreements by or among the parties in
connection with the entering into of this Pool Management Agreement or the
subject matter hereof except as specifically set forth or contemplated herein.
If any provision of this Pool Management Agreement is held to be void or
unenforceable, in whole or in part, (i) such holding shall not affect the
validity and enforceability of the remainder of this Pool Management Agreement,
including any other provision, paragraph or subparagraph, and (ii) the
parties agree to attempt in good faith to reform such void or unenforceable
provision to the extent necessary to render such provision enforceable and to
carry out its original intent.

G.        No consent or waiver,
express or implied, by any party to or of any breach or default by any other
party in the performance by such other party of its obligations hereunder shall
be deemed or construed to be a consent or waiver to or of any other breach or
default in the performance of obligations hereunder by such other party
hereunder.  Failure on the part of any
party to complain of any act or failure to act of any other party or to declare
any other party in default, irrespective of how long such failure continues,
shall not constitute a waiver by such first party of any of its rights
hereunder.  The rights and remedies
provided are cumulative and are not exclusive of any rights or remedies that
any party may otherwise have at law or equity.

H.        Except as expressly
provided for in the insolvency provisions above, nothing in this Pool
Management Agreement will confer any rights upon any person that is not a party
or a successor or permitted assignee of a party to this Pool Management
Agreement.

I.          Wherever the words “include,”
“includes” or “including” are used in this Pool Management Agreement, they
shall be deemed to be followed by the words “without limitation.”

J.         This Article VI shall
survive the termination of this Pool Management Agreement.

 6
 

IN WITNESS WHEREOF, the Participating Companies have caused
this Pool Management Agreement to be executed by their authorized officers,
subject to the satisfaction of New York Insurance Law § 1505, including any
conditions such regulators may impose on the terms of this Agreement subsequent
to the date hereof.

 

	
  

  	
  TOWER INSURANCE COMPANY OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Francis
  M. Colalucci

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Francis M. Colalucci

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Senior Vice President & Chief Financial Officer

  
					

 

 

	
  

  	
  CASTLEPOINT
  INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Joel S.
  Weiner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Joel S. Weiner

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Senior Vice President & Chief Financial Officer

  
					

 

 7Exhibit 10.14

SPECIALTY
PROGRAM BUSINESS POOL MANAGEMENT AGREEMENT

This Specialty Program Business Pool Management Agreement (“Pool
Management Agreement”) by and between Tower Insurance Company of New York (“TICNY”),
an insurance company domiciled in New York, and CastlePoint Insurance Company (“CPIC”),
an insurance company domiciled in New York, is made effective as of 12:01 a.m.,
January 1, 2007,  (the “Effective Date”).

WHEREAS, TICNY and CPIC are each authorized to transact, and do transact, a
multiple line property and casualty insurance business; and

WHEREAS, TICNY and CPIC desire to pool their respective Specialty Program
Business (defined below) in order to make more efficient use of available
surplus and achieve other operating efficiencies; and

WHEREAS,
TICNY and CPIC have entered into the Specialty Program Business Pooling
Agreement to which this Pool Management Agreement is attached; and

WHEREAS, the pool participants desire CPIC to be the manager of such pool, in
view of its expertise in Specialty Program Business;

NOW, THEREFORE, for mutual considerations, the sufficiency
and receipt of which are hereby acknowledged, TICNY and CPIC agree as follows:

ARTICLE I            Definitions

The following terms, whenever used herein, shall have the following
meanings:

“Existing Reinsurance” shall have the same
meaning that it has in the Specialty Program Business Pooling Agreement.

“Net
Loss Ratio” shall have the same meaning it has in the Specialty Program
Business Pooling Agreement.

“Net
Premium Earned” shall have the same meaning it has in the Specialty Program
Business Pooling Agreement.

 1
 

“Net
Written Premium” shall have the same meaning it has in the Specialty Program
Business Pooling Agreement.

“Participating Companies” shall mean TICNY and CPIC.

“Policies”
shall have the same meaning it has in the Specialty Program Business Pooling
Agreement.

“Pool
Reinsurance” shall have the same meaning it has in the Specialty Program
Business Pooling Agreement.

“Pooling
Percentages” shall be those percentages set forth on Schedule 1 attached to the
Specialty Program Business Pooling Agreement, as amended from time to time.

“Program Business” shall have the same meaning that it has in the
Specialty Program Business Pooling Agreement.

  “Program Underwriting Agent”
shall have the same meaning that it has in the Specialty Program Business
Pooling Agreement.

“Specialty Program Business” shall have the same meaning that it has in
the Specialty Program Business Pooling Agreement.

 “Specialty Program Business Pool”
shall have the same meaning that it has in the Specialty Program Business
Pooling Agreement.

ARTICLE II          Term

A.        This Pool Management
Agreement will become effective on the Effective Date.  Any Participating Company may terminate its
respective participation in this Pool Management Agreement as of the date forty-eight
(48) months after the Effective Date and thereafter as of the close of a
calendar quarter by giving at least six (6) months prior written notice to the
other party by certified or registered mail.

B.        Notwithstanding
paragraph A above, this Pool Management Agreement may be terminated immediately
with respect to new or renewal business (a) at any time by mutual consent in
writing by each

 2
 

of
the Participating Companies or (b) as of the close of a calendar quarter,
upon not less than sixty (60) days, prior written notice by a Participating
Company to the other Participating Companies of such Participating Company’s
exercise of its right to terminate its participation in the Specialty Program
Business Pool.

C.        If this Pool Management
Agreement is terminated pursuant to this Article II, all rights and obligations
of the Participating Companies under this Pool Management Agreement prior to
such termination shall continue to be governed by the terms of this Pool
Management Agreement.

ARTICLE III         Pool
Management

CPIC shall be the manager of
the Specialty Program Business Pool and provide management services which shall
include, but not be limited to, the following:

1.      Marketing, underwriting and issuance of
Policies;

2.      Determining premium rates and other
underwriting terms and conditions with respect to the issuance of Policies;

3.      Establishing commissions and fees to be
paid to producers and/or brokers in connection with the underwriting of
Policies;

4.      Establishing commissions and fees to be
paid to service providers by or for the account of the Specialty Program
Business Pool;

5.      Collecting premiums and other amounts due
under Policies;

6.      Adjusting settling, defending and paying
claims under Policies;

7.      Perform all administrative and
policyholder services in connection with the issuance of Policies;

8.      Purchasing, managing and administering
Existing Reinsurance and Pool Reinsurance as set forth in the Pooling Agreement;

9.      Underwriting audit and control, product
development and state filings;

10.    Loss prevention/premium audit;

11.    Information technology;

12.    Accounting and cash management;

13.    Human resources and other administrative
functions; and

14.    Remitting and reporting as set forth in
Article IX of the Pooling Agreement.

 3
 

All expenses incurred in connection with the
foregoing services shall be shared between the Participating Companies based on
their respective Pooling Percentage.

ARTICLE IV         Amendments 

This Pool Management Agreement may be amended
only if in writing and signed by each Participating Company.

 ARTICLE V         Arbitration

A.        As a condition precedent to any right of action hereunder, in
the event of any dispute or difference of opinion hereafter arising with
respect to this Pool Management Agreement, it is hereby mutually agreed that
such dispute or difference of opinion shall be submitted to arbitration.  One Arbiter shall be chosen by each
Participating Company that is a party to such dispute and an Umpire shall be
chosen by the Arbiters before they enter upon arbitration, all of whom shall be
active or retired disinterested executive officers of insurance or reinsurance
companies or Underwriters at Lloyd’s of London. 
In the event that a Participating Company should fail to choose an
Arbiter within thirty (30) days following a written request by another
Participating Company to do so, the requesting Participating Company’s Arbiter
shall choose a second arbiter before entering upon arbitration.  If the two arbitrators are unable to agree
upon the third arbitrator within thirty (30) days of their appointment, the
third arbitrator shall be selected from a list of six individuals (three named
by each arbitrator) by a judge of the United States District Court having
jurisdiction over the geographical area in which the arbitration is to take
place, or if that court declines to act, the state court having general
jurisdiction in such area.

B.        Participating Companies party to the dispute shall present
their case to the Arbiters within thirty (30) days following the date of
appointment of the Umpire.  The Arbiters
shall consider this Pool Management Agreement as an honorable engagement rather
than merely as a legal obligation and they are relieved of all judicial
formalities and may abstain from following the strict rules of law.  The decision of the Arbiters shall be final
and binding on all Participating Companies; but failing to agree, they shall
call

 4
 

in the Umpire and the decision of the majority shall be final and
binding upon all parties.  Judgment upon
the final decision of the Arbiters may be entered in any court of competent
jurisdiction.

C.        Each Participating Company that is a party to the dispute
shall bear the expense of its own Arbiter, and shall jointly and equally bear
with the other the expense of the Umpire and of the arbitration.  In the event that the two Arbiters are chosen
by the requesting Participating Company, as above provided, the expense of the
Arbiters, the Umpire and the arbitration shall be equally divided between the
Participating Companies that are parties to the arbitration.

ARTICLE VI         Miscellaneous Provisions

A.        Headings used herein are not a part of this Pool Management
Agreement and shall not affect the terms hereof.

B.        All notices, requests, demands and other communications under
this Pool Management Agreement must be in writing and will be deemed to have
been duly given or made as follows:  (a)
if sent by registered or certified mail in the United States return receipt
requested, upon receipt; (b) if sent by reputable overnight air courier, two
business days after mailing; (c) if sent by facsimile transmission, with a copy
mailed on the same day in the manner provided in (a) or (b) above, when
transmitted and receipt is confirmed by telephone; or (d) if otherwise actually
personally delivered, when delivered.

C.        This Pool Management Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors,
permitted assigns and legal representatives. 
Neither this Pool Management Agreement, nor any right or obligation
hereunder, may be assigned by any party without the prior written consent of
the other party hereto.

D.        This Pool Management Agreement may be executed by the parties
hereto in any number of counterparts, and by each of the parties hereto in separate
counterparts, each of which counterparts, when so executed and delivered, shall
be deemed to be an original, but all such counterparts shall together
constitute but one and the same instrument.

 5
 

E.         This Pool Management Agreement will be construed, performed
and enforced in accordance with the laws of the State of New York without
giving effect to its principles or rules of conflict of laws thereof to the
extent such principles or rules would require or permit the application of the
laws of another jurisdiction.

F.         This Pool Management Agreement constitutes the entire
agreement between the parties hereto relating to the subject matter hereof and
supersedes all prior and contemporaneous agreements, understandings,
statements, representations and warranties, negotiations and discussions,
whether oral or written, of the parties and there are no general or specific
warranties, representations or other agreements by or among the parties in
connection with the entering into of this Pool Management Agreement or the
subject matter hereof except as specifically set forth or contemplated herein.
If any provision of this Pool Management Agreement is held to be void or
unenforceable, in whole or in part, (i) such holding shall not affect the
validity and enforceability of the remainder of this Pool Management Agreement,
including any other provision, paragraph or subparagraph, and (ii) the
parties agree to attempt in good faith to reform such void or unenforceable
provision to the extent necessary to render such provision enforceable and to
carry out its original intent.

G.        No consent or waiver, express or implied, by any party to or
of any breach or default by any other party in the performance by such other
party of its obligations hereunder shall be deemed or construed to be a consent
or waiver to or of any other breach or default in the performance of
obligations hereunder by such other party hereunder.  Failure on the part of any party to complain
of any act or failure to act of any other party or to declare any other party
in default, irrespective of how long such failure continues, shall not
constitute a waiver by such first party of any of its rights hereunder.  The rights and remedies provided are
cumulative and are not exclusive of any rights or remedies that any party may
otherwise have at law or equity.

 6
 

H.        Except as expressly
provided for in the insolvency provisions above, nothing in this Pool
Management Agreement will confer any rights upon any person that is not a party
or a successor or permitted assignee of a party to this Pool Management
Agreement.

I.          Wherever the words “include,”
“includes” or “including” are used in this Pool Management Agreement, they
shall be deemed to be followed by the words “without limitation.”

J.         This Article VI shall
survive the termination of this Pool Management Agreement.

IN WITNESS WHEREOF, the Participating Companies have caused
this Pool Management Agreement to be executed as of the day and year first
above written, subject to the satisfaction of New York Insurance Law § 1505,
including any conditions such regulators may impose on the terms of this
Agreement subsequent to the date hereof.

	
  

  	
   

  	
  TOWER INSURANCE COMPANY OF NEW YORK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Francis M. Colalucci

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Francis M. Colalucci

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Senior Vice President & Chief Financial
  Officer

  

 

 

	
  

  	
   

  	
  CASTLEPOINT
  INSURANCE COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Joel S. Weiner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Joel S. Weiner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Senior Vice President & Chief Financial
  Officer

  

 

 7

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