Document:

Employment Agreement between Harbor Point and Andrew Cook

 Exhibit 10.6(a) 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT is
entered into as of September 1, 2006, by and between Harbor Point Limited, an exempted limited liability company organized and existing under the laws of Bermuda (the “Company”), and Andrew Cook (“Executive”).

 W I T N E S S E T H : 
 WHEREAS, Executive and the Company desire to set forth in this Agreement the terms and conditions of Executive’s employment with the Company and the Company’s wholly owned subsidiary, Harbor
Point Re Limited (“Harbor Point Re”); 
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants and promises contained herein and for other good and valuable consideration, the Company and Executive hereby agree as follows: 
 1
Agreement to Employ; No Conflicts 
 Upon the terms and subject to the conditions of this Agreement, the Company hereby
agrees to employ Executive, and Executive hereby accepts employment with the Company. Executive represents that (a) he is entering into this Agreement voluntarily and that his employment hereunder and compliance with the terms and
conditions hereof will not conflict with or result in the breach by him of any agreement to which he is a party or by which he may be bound, (b) he has not, and in connection with his employment with the Company will not, violate any
non-solicitation or other similar covenant or agreement by which he is or may be bound and (c) in connection with his employment with the Company he will not use any confidential or proprietary information he may have obtained in
connection with employment with any prior employer. 
 2 Term; Position and Responsibilities 
 (a) Term of Employment. Unless Executive’s employment shall sooner terminate pursuant to Section 4, the Company shall employ
Executive for a term commencing on September 1, 2006 (the “Commencement Date”) and ending on the third anniversary thereof (the “Initial Term”). Effective upon the expiration of the Initial Term and of each
Additional Term (as defined below), Executive’s employment hereunder shall be deemed to be automatically extended, upon the same terms and conditions, for an additional period of one year (each, an “Additional Term”), in each
such case, commencing upon the expiration of the Initial Term or the then current Additional Term, as the case may be, unless, at least 90 days prior to the expiration of the Initial Term or such Additional Term, either party shall give written
notice to the other (a “Non-Extension Notice”) of its intention not to extend the term hereof. A Non-Extension Notice shall not constitute a notice of the termination of Executive’s employment by the

 
Company for Cause (as defined below) or Without Cause (as defined below) or by Executive for Good Reason (as defined below) or for any reason other than Good Reason and the provisions of the
Agreement that are applicable to any such termination (including Sections 4(g)(ii) and 5(b)) shall not apply unless such notice specifically provides for such termination of employment and the specific date thereof. The period during which Executive
is employed pursuant to this Agreement shall be referred to as the “Employment Period”. 
 (b) Position and
Responsibilities. During the Employment Period, Executive shall serve as the Chief Financial Officer of the Company and the President and Chief Financial Officer of Harbor Point Re, or such other positions as are mutually agreeable to the
Company and Executive, and shall have such duties and responsibilities as are customarily assigned to individuals serving in such positions and such other duties consistent with Executive’s titles and positions as the Company’s Board of
Directors (the “Board”) or Chief Executive Officer specifies from time to time. Executive shall report to the Company’s Chief Executive Officer. Executive shall devote all of his skill, knowledge and working time to the
conscientious performance of the duties and responsibilities of such positions, except for authorized vacation time, absence for sickness or similar disability and time spent performing services for any charitable, religious or community
organizations, so long as such services do not materially interfere with the performance of Executive’s duties hereunder. Executive may serve on the Board of Directors or Board of Advisors of another company or entity with the prior consent of
the Board and the Chief Executive Officer. 
 3 Compensation. 
 (a) Base Salary. As compensation for the services to be performed by Executive during the Employment Period, the Company shall pay
Executive a base salary at an annualized rate of $575,000, payable in installments on the Company’s regular payroll dates, but no less frequently than monthly (the “Base Salary”). 
 (b) Annual Incentive Bonus. During the Employment Period, the Executive shall have an annual cash incentive bonus opportunity in an
amount to be determined by the Board or a committee thereof in its discretion based on performance during the year. 
 (c)
Stock Grants and Stock Options. On or about the Commencement Date, the Company shall award to the Executive (i) stock options to purchase 30,000 shares of Company common stock and (ii) 20,000 restricted shares of Company common
stock pursuant to the Company’s 2006 Equity Incentive Plan. 
 (d) Employee Benefits. During the Employment Period,
Executive shall be entitled to participate in the pension, retirement, savings, medical, disability and other welfare benefit plans maintained by the Company for its senior executives. 
  

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 (e) Expenses. The Company shall reimburse Executive for reasonable travel, lodging,
meal and other expenses incurred by him in connection with his performance of services hereunder, upon submission of evidence, reasonably satisfactory to the Company, of the incurrence and purpose of each such expense and otherwise in accordance
with the Company’s business travel and expense reimbursement policy applicable to its senior executives as in effect from time to time. 
 (f) Vacation. During the Employment Period, Executive shall be entitled to four weeks of paid vacation on an annualized basis in accordance with the Company’s vacation policy for senior
executives. 
 (g) Housing Allowance. During the Employment Period, the Company shall pay Executive a housing allowance
of $15,000 per month. 
 4 Termination of Employment 
 (a) Termination Due to Death or Disability. Executive’s employment hereunder may be terminated by the Company in the event of Executive’s Disability (as defined below) and shall terminate
upon Executive’s death. For purposes of this Agreement, “Disability” shall mean a total disability within the meaning of any long-term disability plan maintained by the Company for the benefit of Executive. 
 (b) Termination by the Company for Cause. The Company may terminate Executive’s employment hereunder for Cause as determined by
the Board. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder or his grossly negligent performance of such duties (other than any such failure due to Executive’s physical
or mental illness), (ii) Executive having engaged in willful and serious misconduct that has caused or is reasonably expected to result in material injury to the Company or any of its affiliates, (iii) a willful and material
violation by Executive of a Company policy that has caused or is reasonably expected to cause a material injury to the Company or any of its affiliates, (iv) the willful and material breach by Executive of any of his obligations
hereunder, (v) failure by Executive to timely comply with a lawful direction or instruction given to him by the Board or the Company’s Chief Executive Officer or (vi) Executive having been convicted of, or entering a
plea of guilty or nolo contendere to, a crime that constitutes a felony or a misdemeanor involving moral turpitude (or comparable crime in any jurisdiction that uses a different nomenclature); provided that, in the case of clause (i), (ii),
(iii), (iv) or (v), the Company shall have given Executive 20 days prior written notice of such action and, if such action is capable of being cured, Executive shall not have cured such action to the satisfaction of the Company within such 20
day period. 
  

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 (c) Termination by the Company Without Cause. The Company may terminate
Executive’s employment hereunder at any time by written notice to Executive. A termination “Without Cause” shall mean a termination of Executive’s employment by the Company other than as a result of his Disability or for Cause.

 (d) Termination by Executive for Good Reason. Executive may terminate his employment for “Good Reason” (as
defined below). A termination of employment by Executive for “Good Reason” shall mean a termination by Executive of his employment with the Company, by written notice to the Company specifying in reasonable detail the circumstances claimed
to provide the basis for such termination, within 30 days following the occurrence, without Executive’s consent, of any of the following events and the failure of the Company to correct the circumstances set forth in Executive’s notice of
termination within 20 days of receipt of such notice: (i) the assignment to Executive of duties that are significantly different from, and that result in a substantial diminution of, the duties provided for in Section 2(b),
(ii) a reduction in the rate of Executive’s Base Salary or (iii) a material breach by the Company of this Agreement. 
 (e) Notice of Termination. Any termination of Executive’s employment by the Company pursuant to Section 4(a), 4(b) or 4(c), or by Executive pursuant to Section 4(d) or otherwise,
shall be communicated by a written Notice of Termination addressed to the other parties to this Agreement. A “Notice of Termination” shall mean a notice stating that Executive’s employment with the Company has been or will be
terminated and the specific provisions of this Section 4 under which such termination is being effected. 
 (f) Date of
Termination. As used in this Agreement, the term “Date of Termination” shall mean (i) if Executive’s employment is terminated by his death, the date of his death, (ii) if Executive’s employment is
terminated by the Company, the latest of (A) the date on which Notice of Termination is given as contemplated by Section 4(e), (B) the date of termination specified in such notice and (C) the date any
applicable cure period ends (if such matter is not cured within such period), and (iii) if Executive’s employment is terminated by Executive for Good Reason or otherwise, the later of (A) the date specified in the Notice
of Termination and (B) the date the cure period ends (if such matter is not cured within such period). 
 (g)
Payments Upon Certain Terminations. 
 (i) General. If the Executive’s employment terminates
for any reason, the Executive (or his estate, beneficiaries or legal representative) shall be entitled to receive (A) any earned or accrued but unpaid Base Salary through the Date of Termination, (B) in the case of any
termination of employment other than for Cause, any earned but unpaid annual bonus with respect to any fiscal year of the Company ending prior to the Date of Termination and (C) all amounts payable and benefits accrued under any
otherwise applicable plan, policy, program or practice of the Company (other than relating to severance) in which Executive was a participant during his employment with Company in accordance with the terms thereof. 
  

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 (ii) In the event of a termination of Executive’s employment by Company
Without Cause or a termination by Executive of his employment for Good Reason in either such case during the Employment Period (any such termination, a “Qualifying Termination”), Company shall, as liquidated damages in respect of
claims based on provisions of this Agreement and provided Executive executes and delivers a general release of all claims in form and substance satisfactory to the Company, (A) pay to Executive (or, following his death, to
Executive’s estate, beneficiaries or legal representative) his Base Salary, at the rate in effect hereunder immediately prior to the Qualifying Termination, which shall be payable in installments on Company’s regular payroll dates, for the
Severance Period (as defined below), provided that the Company may, within two and one half months of such Qualifying Termination, pay to Executive, in a single lump sum and in satisfaction of the Company’s obligations under this
Section 4(g)(ii)(A), an amount equal to the present discounted value (calculated using a discount rate equal to the applicable Federal rate (as defined in Section 1274(d) of the Code)) of the installments of the Base Salary then remaining
to be paid to Executive pursuant to this Section 4(g)(ii), (B) pay to Executive (or, following his death, to Executive’s estate, beneficiaries or legal representative) the housing allowance set forth in Section 3(g), which
shall be payable in installments on Company’s regular payroll dates, for the two month period following the Date of Termination and (C) provide Executive with group health insurance coverage during the Severance Period, at the
Company’s expense, under a Bermuda health and welfare plan substantially similar to the plan offered to employees based in Bermuda 
 (iii) Severance Period. For purposes of this Agreement, the “Severance Period” shall mean the twenty four-month period following the Date of Termination unless such termination is
in the final year of this Agreement, in which case Severance Period shall mean the twelve-month period following the Date of Termination. 
 (iv) No Duty to Mitigate. Executive shall not have a duty to mitigate the costs to the Company under Section 4(g)(ii). 
 (v) No Duplication of Benefits. In the event of Executive’s termination of employment during the Employment
Period for any reason, the sole payments or obligations of the Company are provided for in this Section 4(g). In the event that Executive is entitled to payment under any plan, policy, program

  

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or practice of the Company relating to severance, any such payment shall reduce the amounts otherwise payable hereunder. Notwithstanding the foregoing, this section shall not be deemed or
construed to restrict or impair in any manner any rights Executive may have in any stock option or restricted stock issued to him pursuant to any incentive equity plan. 
 (h) Resignation upon Termination. Effective as of any Date of Termination, Executive shall resign, in writing, from all Board memberships and other positions then held by him with the Company and
its Affiliates. 
 (i) Cessation of Professional Activity. Upon delivery of a Notice of Termination by any party, the
Company may relieve Executive of his responsibilities and require Executive to immediately cease all professional activity on behalf of the Company; provided that Executive shall be entitled to compensation in accordance with this Agreement
until the Date of Termination . In addition, in the event that the Board determines that there is a reasonable basis for it to investigate whether circumstances exist that would, if true, permit the Board to terminate Executive’s employment for
Cause, the Board may relieve Executive of his responsibilities during the pendency of such investigation. In the event said investigation terminates without making a determination that Executive can be terminated for Cause, Employee’s
responsibilities shall be reinstated, retroactive to the date upon which he was relieved of them. 
 5 Restrictive Covenants 

(a) Unauthorized Disclosure. From the date hereof, and during any period of employment with the Company or its affiliates and the
ten-year period following any termination thereof, without the prior written consent of the Company or its authorized representative, except to the extent required by an order of a court having jurisdiction or under subpoena from an appropriate
government agency, in which event, Executive shall use his best efforts to consult with the Company prior to responding to any such order or subpoena, and except as required in the performance of his duties hereunder, Executive shall not disclose
any confidential or proprietary trade secrets, customer lists, drawings, designs, information regarding product development, marketing plans, sales plans, manufacturing plans, management organization information (including but not limited to data
and other information relating to members of the Board, the Company or any of their affiliates or to management of the Company or any of its affiliates), operating policies or manuals, business plans, financial records, design or other financial,
commercial, business or technical information (i) relating to the Company or any of its affiliates or (ii) that the Company or any of its affiliates may receive belonging to suppliers, customers or others who do business with
the Company or any of its affiliates (collectively, “Confidential Information”) to any third person unless such Confidential Information (i) has been previously disclosed to the public or is in the public domain (in each
case, other than by reason of Executive’s breach of this Section 5(a) or a breach by any other person party known by Executive to be bound by an agreement providing for similar protection to Confidential Information) or (ii) no
longer has a significant business purpose for the Company. 
  

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 (b) Non-Competition. During the period commencing on the date hereof and ending on
the twelve month anniversary of the Date of Termination (the “Restriction Period”), Executive will not directly or indirectly, alone or in conjunction with any Entity (as defined below), own, manage, operate or control or
participate in the ownership, management, operation or control of, or become associated, as an employee, director, officer, advisor, agent, consultant, principal, partner, member or independent contractor with or lender to, any person, enterprise,
firm, partnership, corporation, limited liability entity, cooperative or other entity (each, an “Entity”) engaged in or aiding others to conduct business that engages, or plans to engage, in any line of business that the Company or
its affiliates engages in, has made plans (of which Executive has or would reasonably be expected to have knowledge) to engage in at the time of Executive’s employment or, within the prior twleve months was engaged in, or otherwise competes,
directly or indirectly, with the Company or any of its affiliates. The ownership of less than 5% of the outstanding voting shares of any publicly held company which otherwise would be prohibited under this paragraph shall not constitute a violation
of this paragraph. 
 (c) Non-Disparagement. 
 (i) Executive. During the Employment Period and at any time thereafter, Executive shall not, directly or indirectly,
engage in any conduct or make any statement, whether in commercial or noncommercial speech, disparaging or criticizing in any way the Company or any of its affiliates or any products or services offered by any of these, nor shall he engage in any
other conduct or make any other statement that could be reasonably expected to impair the goodwill of any of them, in each case except to the extent required by law, and then only after consultation with the Company, provided that this
Section 5(c)(i) shall not inhibit the Executive’s ability to, reasonably and in good faith, solicit customers pursuant to Section 5(e). 
 (ii) Company. During the Employment Period and at any time thereafter, the Company shall not, directly or indirectly, engage in any conduct or make any statement, whether in commercial or
noncommercial speech, disparaging or criticizing in any way Executive, nor shall the Company engage in any other conduct or make any other statement that could be reasonably expected to impair the reputation of Executive, in each case except to the
extent required by law, and then only after consultation with Executive. 
  

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 (d) Non-Solicitation of Employees, etc. For a period of twenty four months from the
Date of Termination, Executive shall not, directly or indirectly, for his own account or for the account of any Entity, in any jurisdiction in which the Company or any of its affiliates has commenced or has made plans to commence operations at the
time of Executive’s employment: 
 (i) solicit for employment, employ, engage or otherwise interfere with
the relationship of the Company or any of its affiliates with any natural person throughout the world who, at the time of such activity or at any time in the 12-month period preceding such activity, is or was employed by, or otherwise engaged to
perform services for, the Company or any of its affiliates, other than any such solicitation or employment on behalf of the Company or any of its affiliates during Executive’s employment with the Company; or 
 (ii) induce any employee of, or consultant to, the Company or any of its affiliates to engage in any activity that Executive
is prohibited from engaging in under any of paragraphs of this Section 5, or to terminate his or her employment with the Company or any of its affiliates. 
 (e) Non-Solicitation of Customers. During the Restriction Period, Executive shall not, directly or indirectly, for his own account or for the account of any other Entity, in any jurisdiction in
which the Company or any of its affiliates has commenced or made plans to commence operations, solicit or otherwise attempt to establish any business relationship of a nature that is competitive with the business or relationship of the Company or
any of its affiliates with any Entity throughout the world which is or was a customer, client or distributor of the Company or any of its affiliates at any time during which Executive was employed by the Company (in the case of any such activity
during such time) or during the twelve-month period preceding the Date of Termination (in the case of any such activity after the Date of Termination), other than any such solicitation on behalf of the Company or any of its affiliates during
Executive’s employment with the Company. 
 (f) Return of Documents. In the event of the termination of
Executive’s employment for any reason, Executive shall deliver to the Company all of (i) the property of each of the Company and its affiliates and (ii) the documents and data of any nature and in whatever medium of each
of the Company and its affiliates, and he shall not take with him any such property, documents or data or any reproduction thereof, or any documents containing or pertaining to any Confidential Information. 
 (g) Notification. Executive will, during the Restriction Period, inform any prospective subsequent employer of the substance of the
terms and conditions of the restrictive covenants set forth in this Section 5. 
  

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 6 Injunctive Relief with Respect to Covenants; Certain Acknowledgments; Etc. 
 (a) Injunctive Relief. Executive acknowledges and agrees that the covenants, obligations and agreements of Executive contained in
Section 5 relate to special, unique and extraordinary matters and that a violation of any of the terms of such covenants, obligations or agreements will cause the Company irreparable injury for which adequate remedies are not available at law.
Therefore, Executive agrees that the Company shall be entitled to an injunction, restraining order or such other equitable relief (without the requirement to post bond unless required by applicable law) as a court of competent jurisdiction may deem
necessary or appropriate to restrain Executive from committing any violation of such covenants, obligations or agreements. These injunctive remedies are cumulative and in addition to any other rights and remedies the Company may have. 
 (b) Blue Pencil. If any court of competent jurisdiction shall at any time deem the Restriction Period too lengthy, the other
provisions of Section 5 (Restrictive Covenants) shall nevertheless stand and the Restriction Period herein shall be deemed to be the longest period permissible by law under the circumstances. The court shall reduce the time period to
permissible duration or size. 
 (c) Certain Acknowledgements. Executive acknowledges and agrees that Executive will have
a prominent role in the management of the business, and the development of the goodwill, of the Company and its affiliates and will establish and develop relations and contacts with the principal customers and suppliers of the Company and its
affiliates in the United States of America and the rest of the world, all of which constitute valuable goodwill of, and could be used by Executive to compete unfairly with, the Company and its affiliates and that (i) in the course of his
employment with the Company, Executive will obtain confidential and proprietary information and trade secrets concerning the business and operations of the Company and its affiliates in the United States of America and the rest of the world that
could be used to compete unfairly with the Company and its affiliates; (ii) the covenants and restrictions contained in Section 5 are intended to protect the legitimate interests of the Company and its affiliates in their respective
goodwill, trade secrets and other confidential and proprietary information; (iii) Executive desires and agrees to be bound by such covenants and restrictions; and (iv) the compensation to be provided to Executive (including,
but not limited to, the option and restricted stock awards) are adequate consideration for the restrictive covenants provided in Section 5. 
 7 Indemnification 
 The Company hereby agrees that it shall indemnify and hold harmless Executive to the fullest
extent permitted by law from and against any and all liabilities, costs, claims and expenses, including all costs and expenses incurred in defense of litigation (including attorneys’ fees), arising out of the employment of Executive hereunder
(but excluding

  

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disputes arising under this Agreement), except to the extent arising out of or based upon the gross negligence or willful misconduct of Executive or a breach of any of Executive’s
agreements, covenants or warranties hereunder. Costs and expenses incurred by Executive in defense of such litigation (including attorneys’ fees) shall be paid by Company in advance of the final disposition of such litigation upon receipt by
Company of (a) a written request for payment, (b) appropriate documentation evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought, and (c) an undertaking adequate
under applicable law made by or on behalf of Executive to repay the amounts so paid if it shall ultimately be determined that Executive is not entitled to be indemnified by the Company under this Agreement. The Company and Executive will consult in
good faith with respect to the conduct of any such litigation, and Executive’s counsel shall be selected with the consent of the Company. This Section 7 shall survive the expiration of this Agreement. 
 8 Miscellaneous 
 (a)
Binding Effect; Assignment. This Agreement shall be binding on and inure to the benefit of the Company, and its respective successors and permitted assigns. This Agreement shall also be binding on and inure to the benefit of Executive and his
heirs, executors, administrators and legal representatives. This Agreement shall not be assignable by any party hereto without the prior written consent of the other parties hereto, except as provided pursuant to this Section 8(a). The Company
may assign this Agreement or second or loan-out Executive without prior written approval of Executive (i) to any affiliate of the Company and (ii) upon the transfer of all or substantially all of its business and/or assets
(by whatever means) to another Entity; provided that, in the case of (i) and (ii), Executive shall not be required to relocate to any place outside of Bermuda; and provided further that, in the case of (ii), the successor to the
Company shall expressly assume and agree to perform this Agreement. Nothing in this Section 8 shall be interpreted to impair Executive’s right to terminate his employment for Good Reason or to modify Executive’s right to compensation
therefor in accordance with the terms of this Agreement. 
 (b) Entire Agreement. This Agreement and the Statement of
Employment between the Company and Executive constitute the entire agreement among the parties hereto with respect to the subject matter hereof. All prior correspondence and proposals (including but not limited to summaries of proposed terms) and
all prior promises, representations, understandings, arrangements and agreements relating to such subject matter (including but not limited to those made to or with Executive by any other person) are merged herein and superseded hereby. 

(c) Governing Law; Consent to Jurisdiction. This agreement shall be governed in all respects, including as to validity,
interpretation and effect, by the internal laws of Bermuda without giving effect to the conflict of laws rules thereof to the extent

  

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that the application of the law of another jurisdiction would be required thereby. Each party hereby irrevocably submits to the jurisdiction of the courts of the Bermuda solely in respect of the
interpretation and enforcement of the provisions of this Agreement and of the documents referred to in this Agreement, and in respect of the transactions contemplated hereby and thereby. Each party hereby waives and agrees not to assert, as a
defense in any action, suit or proceeding for the interpretation and enforcement of the parties’ respective rights under this Agreement that such action, suit or proceeding may not be brought or is not maintainable in such courts or that the
venue thereof may not be appropriate or that this agreement or any such document may not be enforced in or by such courts. Each party hereby consents to and grants any such court jurisdiction over the person of such parties solely for the purposes
of an action for the interpretation and enforcement of this Agreement and over the subject matter of any such dispute and agree that the mailing of process or other papers in connection with any such action or proceeding in the manner provided in
Section 8(h) or in such other manner as may be permitted by law, shall be valid and sufficient service thereof. 
 (d)
Taxes. The Company may withhold from any payments made under this Agreement all applicable taxes, including but not limited to income, employment and social insurance taxes, as shall be required by law. 
 (e) Amendments. No provision of this Agreement may be modified, waived or discharged unless such modification, waiver or discharge is
approved by the Board or a person authorized thereby and is agreed to in writing by Executive and, in the case of any such modification, waiver or discharge affecting the rights or obligations the Company, is approved by the Board or a person
authorized thereby. No waiver by any party hereto at any time of any breach by any other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent time. No waiver of any provision of this Agreement shall be implied from any course of dealing between or among the parties hereto or from any failure by any party hereto
to assert its rights hereunder on any occasion or series of occasions. 
 (f) Insurance. The Company may at its
discretion and at any time apply for and procure, as owner and for its own benefit and at its own expense, insurance on the life of Executive in such amounts and in such form or forms as the Company may choose. Executive shall cooperate with the
Company as reasonably requested in procuring such insurance and shall, at the reasonable request of the Company, submit to such medical examinations, supply such information and execute such documents as may be reasonably required by the insurance
company or companies to whom the Company has applied for such insurance. Executive shall have no interest whatsoever in any such policy or policies. 
  

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 (g) Severability. In the event that any one or more of the provisions of this
Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby. 
 (h) Notices. Any notice or other communication required or permitted to be delivered under this Agreement shall be (i) in
writing, (ii) delivered personally, by courier service or by facsimile, receipt confirmed, (iii) deemed to have been received on the date of delivery and (iv) addressed as follows (or to such other address as the
party entitled to notice shall hereafter designate in accordance with the terms hereof): 
 (i) If to the
Company, to it at its then current headquarters, Attention: General Counsel. 
 (ii) if to Executive, to him at
his residential address as then on file with the Company. 
 (i) Headings. The section and other headings contained in
this Agreement are for the convenience of the parties only and are not intended to be a part hereof or to affect the meaning or interpretation hereof. 
 (j) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
  

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 IN WITNESS WHEREOF, the Company has duly executed this Agreement by its authorized
representative, and Executive has hereunto set his hand, in each case effective as of the date first above written. 
  

			
	HARBOR POINT LIMITED
		
	By:	 	 /s/ John R. Berger

	Name:	 	John R. Berger
	Title:	 	Chief Executive Officer and President
	
	EXECUTIVE
	
	 /s/ Andrew Cook

	ANDREW COOK

  

 13Amended and Restated Reinsurance Services Agreement, dated December 13, 2005

 Exhibit 10.7 
  
 AMENDED AND RESTATED REINSURANCE SERVICES AGREEMENT

 THIS AMENDED AND RESTATED REINSURANCE SERVICES AGREEMENT (the “Agreement”) is made as of December 13,
2005 by and between FEDERAL INSURANCE COMPANY, an Indiana corporation (“FEDERAL”), and HARBOR POINT SERVICES, INC., a Delaware corporation (“HARBOR SERVICES” or the “REINSURANCE SERVICE PROVIDER”), and amends and
restates in its entirety that certain Reinsurance Services Agreement made as of November 28, 2005 by and between FEDERAL and HARBOR SERVICES. 
 WITNESSETH 
 WHEREAS, FEDERAL has requested the REINSURANCE SERVICE
PROVIDER to provide certain reinsurance services to it, and the REINSURANCE SERVICE PROVIDER has agreed to assume these responsibilities, 
 WHEREAS, as of the date hereof, this agreement and the appointment of the REINSURANCE SERVICE PROVIDER has been approved by the Board of Directors of FEDERAL, 
 NOW THEREFORE, in consideration of the covenants, warranties and mutual agreements herein set forth and in reliance upon the representations
and warranties contained herein, the parties do hereby agree as follows: 
  

	Section 1.	Appointment and Grant of Authority by FEDERAL to the REINSURANCE SERVICE PROVIDER 

 Subject to the supervision and approval of the Board of Directors of FEDERAL, which shall retain ultimate responsibility for the functions
delegated to the REINSURANCE SERVICE PROVIDER by this Agreement notwithstanding such delegation, FEDERAL hereby appoints the REINSURANCE SERVICE PROVIDER to act as its reinsurance service provider to perform certain reinsurance services on
FEDERAL’s behalf with respect to Authorized Reinsurance as hereinafter defined. The REINSURANCE SERVICE PROVIDER accepts such appointment, and agrees to perform such services on FEDERAL’s behalf with respect to the Authorized Reinsurance,
in accordance with applicable laws and regulations, the authority statement attached hereto as Exhibits A, B and C, and instructions given by FEDERAL from time to time consistent with the terms of this Agreement. 
 FEDERAL hereby grants to the REINSURANCE SERVICE PROVIDER the authority to provide certain reinsurance services on FEDERAL’s behalf
(“Authority”). This Authority shall be effective as of the closing of the transactions contemplated by the Asset Purchase Agreement, dated as of October 25, 2005, as the same may be amended or modified from time to time, among Harbor
Point Limited, HARBOR SERVICES, The Chubb Corporation, FEDERAL and Chubb Re Inc., except with respect to the authority to bind reinsurance or settle claims on behalf of FEDERAL, which such authority shall become effective as to the REINSURANCE
SERVICE PROVIDER no earlier than the

  

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date on which this Agreement and the REINSURANCE SERVICE PROVIDER’s application to be licensed as a reinsurance intermediary manager for FEDERAL are approved by the Commissioner of the
Indiana Department of Insurance. For the avoidance of doubt, this Agreement shall terminate and be of no further force or effect upon the termination of the Asset Purchase Agreement. 
 This Authority is governed by this Agreement, including but not limited to applicable laws and regulations, the authority statement attached
hereto as Exhibits A, B and C, and instructions given by FEDERAL from time to time consistent with the terms of this Agreement. Subject to the supervision and approval of the Board of Directors of FEDERAL, which shall retain ultimate responsibility
for the functions delegated to the REINSURANCE SERVICE PROVIDER by this Agreement notwithstanding such delegation, the Authority granted hereby to the REINSURANCE SERVICE PROVIDER shall consist of the following powers and duties: 
  

	 	(a)	To serve as the underwriting office of FEDERAL for all new and renewal assumed reinsurance business (i) classified by FEDERAL as property, aviation, aerospace,
marine, energy, terrorism, surety, trade credit, political risk and crop business incepting between November 1, 2005 through December 31, 2006 and retroceded to Harbor Point Re pursuant to the Property and Certain Other Business Quota
Share Retrocessional Agreement, signed as of the date hereof, between FEDERAL and Harbor Point Re (the “Property Quota Share Contract”) and (ii) classified by FEDERAL as casualty business incepting between November 1, 2005
through December 31, 2007 and retroceded to Harbor Point Re pursuant to the Casualty Quota Share Retrocessional Contract, signed as of the date hereof, between FEDERAL and Harbor Point Re (the “Casualty Quota Share Contract”).
Hereinafter “Quota Share Contracts” shall mean the Property Quota Share Contract and the Casualty Quota Share Contract collectively. The REINSURANCE SERVICE PROVIDER, however, will not bind or commit FEDERAL to any reinsurance except in
accordance with applicable laws and regulations, the authority statement attached hereto as Exhibits A, B and C, and instructions given by FEDERAL from time to time consistent with the terms of this Agreement. 

  

	 	(b)	The assumed reinsurance authorized to be bound or committed to under Section 1(a) is hereafter referred to as the “Authorized Reinsurance”.

  

	 	(c)	To issue and cancel all Authorized Reinsurance contracts of FEDERAL, and with respect thereto to collect premiums and to transmit payment made on behalf of FEDERAL of
any related return premiums and, with respect to the Quota Share Contracts, to apply for and deliver to FEDERAL all Letters of Credit, and, with the prior written approval from Federal, to manage all commutations. 

  

	 	(d)	To arrange and negotiate outwards retrocessional purchases inuring to the benefit of all or a portion of the Authorized Reinsurance, provided, however, that binding
authority for all such retrocessional purchases shall rest with an officer of FEDERAL unaffiliated with the REINSURANCE SERVICE PROVIDER. FEDERAL and the REINSURANCE SERVICE PROVIDER shall establish written procedures for the submission of such
proposed retrocessional purchases to FEDERAL and the binding thereof. 

  

 2 

	 	(e)	To bind facultative retrocessions pursuant to obligatory facultative agreements, provided, however, that FEDERAL and the REINSURANCE SERVICE PROVIDER have agreed in
writing to underwriting guidelines for such retrocessions, which shall include a list of reinsurers with which the automatic agreements are in effect, and, for each such reinsurer, the coverages and amounts or percentages that may be reinsured, and
commission schedules. Such underwriting guidelines may be updated from time to time by FEDERAL and REINSURANCE SERVICE PROVIDER. 

  

	 	(f)	To keep or cause to be kept and maintained, open to inspection and copying by any director, officer or duly authorized agent of FEDERAL at all reasonable times,
adequate and correct accounts of the assets, liabilities and all other appropriate business records arising from all Authorized Reinsurance transactions of FEDERAL in a form usable by FEDERAL as set forth in more detail in Section 5 below.

  

	 	(g)	To file or cause to be filed with the appropriate insurance authorities all reports as may be required by law to be filed by it with respect to all such Authorized
Reinsurance transactions. 

  

	 	(h)	To investigate and/or settle claims relating to the Authorized Reinsurance in accordance with the claims administration services requirements attached hereto as Exhibit
C, provided, however, that with respect to such claims: 

  

	 	(i)	All requests for commutations will be reported to FEDERAL within thirty (30) days of notice to the REINSURANCE SERVICE PROVIDER; 

  

	 	(ii)	All claims will be reported to FEDERAL and Harbor Point Re in a timely manner, which, absent unusual claim circumstances, shall typically be satisfied by the submission
of periodic bordereaux reports hereunder; 

  

	 	(iii)	A copy of the claim file will be sent to FEDERAL at its request or as soon as it becomes known that the claim: 

  

	 	(A)	has the potential to exceed the REINSURANCE SERVICE PROVIDER’s claims settlement authority limit of $2,000,000 per claim or per any aggregation of claims from any
single event under an excess of loss treaty, as set by FEDERAL; 

  

	 	(B)	involves a coverage dispute; 

  

	 	(C)	is open for more than six (6) months from the date first reported; provided that any notice required pursuant to Section 1(h)(iii) shall be permitted to be
made to FEDERAL as part of the periodic bordereaux reports otherwise required hereunder; or 

  

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	 	(D)	is closed by the payment of the amount set forth in Section 1(h)(iii)(A) above, or any higher amount; 

  

	 	(iv)	All claims files will be the joint property of FEDERAL and the REINSURANCE SERVICE PROVIDER; however, upon an order of liquidation of FEDERAL the files shall become the
sole property of FEDERAL or its estate; the REINSURANCE SERVICE PROVIDER shall have reasonable access to and the right to copy the files on a timely basis; and 

  

	 	(v)	The settlement or authority granted to the REINSURANCE SERVICE PROVIDER by FEDERAL may be terminated for Cause as defined in Section 6(a)(iii) upon FEDERAL’s
written notice to the REINSURANCE SERVICE PROVIDER or upon termination of this Agreement, and FEDERAL may suspend the settlement authority granted to the REINSURANCE SERVICE PROVIDER during the pendency of any dispute regarding the termination of
the REINSURANCE SERVICE PROVIDER for Cause under Sections 6(a)(iii), 6(b)(ii) or 6(c)(ii). 

  

	 	(i)	With respect to the Quota Share Contracts, to collect premiums and to transmit payment of any related return premiums, to collect and transmit claim payments owed and
to collect and transmit any other monies owed thereunder. 

  

	 	(j)	To undertake such other actions as may be permitted by applicable law and are mutually agreed to in writing by the parties to this Agreement. 

 

	Section 2.	Services to be Performed by the REINSURANCE SERVICE PROVIDER 

 The REINSURANCE SERVICE PROVIDER will, in the name and on behalf of FEDERAL: 
  

	 	(a)	Evaluate, negotiate, rate, underwrite, accept, effect, bind, sign, countersign and issue all contracts of Authorized Reinsurance, including but not limited to:
(i) the management and analysis of all commutations (to the extent authorized in writing by FEDERAL); (ii) the application and delivery of all Letters of Credit subject to FEDERAL’s sole right to draw upon such Letters of Credit; and
(iii) to collect premiums therefor and pay return premiums thereon. 

  

	 	(b)	Subject to Section 1(h) above, manage all contracts of Authorized Reinsurance until their termination, expiration or final, conclusive, unappealable and binding
resolution (including all losses thereunder). The obligations described in this Section 2(b) shall include the settlement, adjustment, arbitration and prompt payment of any accounts or claims relating to Authorized Reinsurance to which FEDERAL
shall be a party, and, with respect to such Authorized Reinsurance, to prosecute diligently suits in the courts and collect for the benefit of FEDERAL such sums as may be due it, and defend FEDERAL in suits against it and pay the compensation of
attorneys appointed by the REINSURANCE SERVICE PROVIDER. 

  

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	 	(c)	All funds collected for FEDERAL’s account pursuant to this Agreement shall be held by the REINSURANCE SERVICE PROVIDER in a fiduciary capacity and shall be
immediately deposited into a trust account at a bank that is a qualified United States financial institution as defined in IN ST 27-6-9-11, as amended. Such trust account shall be established and maintained pursuant to a trust agreement naming the
REINSURANCE SERVICE PROVIDER as grantor, FEDERAL as the sole beneficiary and the bank as trustee. As described in the trust agreement, the REINSURANCE SERVICE PROVIDER shall be permitted to withdraw monies from the trust account solely for the
payment of losses, reinsurance expenses and other disbursements arising with respect to the business of FEDERAL hereunder, and shall account monthly to FEDERAL for all deposits and withdrawals made on its behalf. The REINSURANCE SERVICE PROVIDER may
retain no more than three (3) months estimated claims payments and allocated loss adjustment expenses therein. 

  

	 	(d)	With respect to Authorized Reinsurance, collect or transmit payments of balance due to or from the REINSURANCE SERVICE PROVIDER’s clients or customers, and to
render accounts and statements as provided in Section 5 below. 

  

	 	(e)	With respect to the Quota Share Contracts, to collect premiums and to transmit payment of any related return premiums, to collect and transmit claim payments owed and
to collect and transmit any other monies owed thereunder. 

  

	 	(f)	Unless expressly waived or released by FEDERAL in connection with a termination event pursuant to Section 6(b) below (which waiver or release may be made, in whole
or in part, at FEDERAL’s sole discretion), the REINSURANCE SERVICE PROVIDER’S obligations with respect to the management of Authorized Reinsurance bound pursuant to Section 1(a)(i) shall survive the termination or expiration of this
Agreement until such time as all contracts of Authorized Reinsurance bound pursuant to Section 1(a)(i) shall have terminated, expired or been brought to final, conclusive, unappealable and binding resolution (including all losses thereunder).
Unless expressly waived or released by Federal in connection with a termination event pursuant to Section 6(c) below (which waiver or release may be made, in whole or in part, at FEDERAL’s sole discretion), the REINSURANCE SERVICE
PROVIDER’s obligations with respect to the management of Authorized Reinsurance bound pursuant to Section 1(a)(ii) shall survive the termination or expiration of this Agreement until such time as all contracts of Authorized Reinsurance
bound pursuant to Section 1(a)(ii) shall have terminated, expired or been brought to final, conclusive, unappealable and binding resolution (including all losses thereunder). 

  

 5 

	 	(g)	The REINSURANCE SERVICE PROVIDER shall disclose to FEDERAL any relationship it has with any insurer prior to ceding or assuming any business with such insurer pursuant
to this Agreement. 

  

	 	(h)	Within the scope of its actual or apparent authority the acts of the REINSURANCE SERVICE PROVIDER shall be deemed to be the acts of FEDERAL on whose behalf it is
acting. 

  

	 	(i)	The REINSURANCE SERVICE PROVIDER will remit all funds due under this Agreement on not less than a monthly basis. 

  

	 	(j)	Arrange and negotiate outwards retrocessional purchases inuring to the benefit of all or a portion of the Authorized Reinsurance, provided, however, that binding
authority for all such retrocessional purchases shall be rest with an officer of FEDERAL unaffiliated with the REINSURANCE SERVICE PROVIDER. FEDERAL and the REINSURANCE SERVICE PROVIDER shall establish written procedures for the submission of such
proposed retrocessional purchases to FEDERAL and the binding thereof. 

  

	Section 3.	Prohibited Actions 

 The REINSURANCE SERVICE PROVIDER is prohibited from engaging in the following acts: 
  

	 	(a)	Ceding retrocessions on behalf of FEDERAL; 

  

	 	(b)	Committing FEDERAL to participate in reinsurance syndicates; 

  

	 	(c)	Appointing any producer without assuring that the producer is lawfully licensed to transact the type of reinsurance for which he or she is appointed;

  

	 	(d)	Without prior written approval of FEDERAL, paying or committing FEDERAL to pay a claim (or any aggregation of claims from any single event under an excess of loss
treaty) that exceeds $2,000,000; 

  

	 	(e)	Collecting any payment from a retrocessionaire or committing FEDERAL to any claim settlement with a retrocessionaire, without prior approval of FEDERAL. If prior
approval is given, a report must be promptly forwarded to FEDERAL by the REINSURANCE SERVIVES PROVIDER; 

  

	 	(f)	Jointly employing an individual who is employed by FEDERAL; or 

  

	 	(g)	Appointing a sub- reinsurance service provider. 

  

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	Section 4.	Expenses and Reimbursement Payments for the REINSURANCE SERVICE PROVIDER 

  

	 	(a)	FEDERAL shall pay to the REINSURANCE SERVICE PROVIDER for reinsurance services performed pursuant to this Agreement a monthly payment (the “Reimbursement
Payment”) which shall consist of an amount necessary to reimburse the REINSURANCE SERVICE PROVIDER for all reasonable expenses and costs incurred in providing the reinsurance services specified in this Agreement; provided, however, that the
REINSURANCE SERVICE PROVIDER shall (i) provide a detailed accounting for such expenses and costs at the time of requesting payment; and (ii) provide FEDERAL on a quarterly basis a detailed estimated accounting of such expenses and costs.
The amount of reimbursable costs and expenses therein set forth shall be determined by the REINSURANCE SERVICE PROVIDER, but shall be subject to review and approval by FEDERAL or its representatives, provided, that in determining the reasonable
costs and expenses incurred in providing the reinsurance services specified in this Agreement, the REINSURANCE SERVICE PROVIDER will not be required or permitted to allocate any internal or indirect expenses associated with the management of the
run-off of FEDERAL’s assumed reinsurance incepting prior to December 31, 2005. Notwithstanding the foregoing, REINSURANCE SERVICE PROVIDER shall not be entitled to reimbursement from FEDERAL hereunder for that portion of any expenses and
costs for which FEDERAL is entitled to, and has not received, reimbursement under either of the Quota Share Contracts. 

  

	 	(b)	Payment of the Reimbursement Payment shall be due monthly within fifteen (15) days after submission by the REINSURANCE SERVICE PROVIDER to FEDERAL of the statement
referred to in Section 4(a)(i) above. 

  

	 	(c)	The REINSURANCE SERVICE PROVIDER shall maintain such records as are necessary to determine the amount of costs and expenses for which it is to be reimbursed under the
Agreement. Such records shall be available during normal business hours and upon reasonable notice for review by FEDERAL or its representative(s). 

  

	 	(d)	The amount received by the REINSURANCE SERVICE PROVIDER in such monthly payments during a year shall be adjusted, if necessary, to reflect the final business figures
for the year in question, as soon as practicable after such figures are available. 

  

	Section 5.	Records, Accounts, Reports and Statements 

  

	 	(a)	For a minimum of ten (10) years after the expiration of each contract of reinsurance transacted by the REINSURANCE SERVICE PROVIDER on behalf of FEDERAL and for
such further period as may be required by applicable state law, the REINSURANCE SERVICE PROVIDER agrees to maintain complete records of all business transacted by it for FEDERAL including but not limited to the following reinsurance information with
respect to each reinsurance transaction: 

  

	 	(i)	The type of contract, limits, underwriting restrictions, classes or risks, and territory; 

  

 7 

	 	(ii)	Period of coverage, including effective and expiration dates, cancellation provisions and notice required of cancellation, and disposition of outstanding reserves and
allocated loss adjustment expenses, if any, on covered risks; 

  

	 	(iii)	Reporting and settlement requirements of balances; 

  

	 	(iv)	Rate used to compute the reinsurance premium; 

  

	 	(v)	Names and addresses of reinsurers; 

  

	 	(vi)	Rates of all reinsurance commissions, including the commissions on any retrocessions handled for FEDERAL by the REINSURANCE SERVICE PROVIDER, and all other charges or
fees received by, or owing to the REINSURANCE SERVICE PROVIDER; 

  

	 	(vii)	Related correspondence and memoranda, including documentation of economic intent, risk transfer analysis, compliance with Statement of Statutory Accounting Principles
62, and the absence of any reinsurance side agreement that reduces, limits, mitigates or otherwise affects loss under the transaction; 

  

	 	(viii)	Proof of placement; 

  

	 	(ix)	Details regarding any retrocessions handled for FEDERAL by the REINSURANCE SERVICE PROVIDER, including the identity of retrocessionnaires and percentage of each
contract assumed or ceded; 

  

	 	(x)	Prepare the reports and information required under Article 9A.1 of the Quota Share Contracts; and 

  

	 	(xi)	Financial records, including premium and loss accounts. 

  

	 	(b)	At least two (2) days prior to the date of the close of FEDERAL’s accounting system each calendar quarter (which date shall be communicated in advance to the
REINSURANCE SERVICE PROVIDER), during the term of this Agreement and until the first anniversary of the expiration or termination thereof, the REINSURANCE SERVICE PROVIDER shall provide information to FEDERAL sufficient to permit FEDERAL to
accurately reflect the Authorized Reinsurance and the retroceded reinsurance business in the quarterly and annual statements of FEDERAL which FEDERAL is required to file. Such information shall comply with all regulations of and shall supply all
information required by the jurisdiction concerned and shall accurately detail all material transactions, including information necessary to support all commissions, charges and other fees received by, or owing to, the REINSURANCE SERVICE PROVIDER.

  

 8 

	 	(c)	At least two (2) days prior to the date of the close of FEDERAL’s accounting system each calendar quarter (which date shall be communicated in advance to the
REINSURANCE SERVICE PROVIDER), during the term of this Agreement and until the first anniversary of the expiration or termination thereof, the REINSURANCE SERVICE PROVIDER shall provide information to FEDERAL sufficient to permit FEDERAL’s
parent company (the “Parent”) to reflect the financial results of the assumed and retroceded reinsurance in the Parent’s financial statements and reports filed with the United States Securities and Exchange Commission.

  

	 	(d)	If the Parent reasonably deems necessary, the REINSURANCE SERVICE PROVIDER shall provide the Parent with a SAS 70 report regarding the services provided to FEDERAL
hereunder in such form and with such detail as the Parent may reasonably request, provided however, that the reasonable out-of-pocket costs and expenses incurred by the REINSURANCE SERVICE PROVIDER in producing such report shall be reimbursed by the
Parent upon request by the REINSURANCE SERVICE PROVIDER. 

  

	 	(e)	The REINSURANCE SERVICE PROVIDER shall also deliver the supplemental information required for regulatory filings as required pursuant to this Section 5 to FEDERAL
as soon as practicable after the end of each calendar quarter during the term of this Agreement, but in no event shall the information for the first, second and third quarters of each calendar year, whether in final form for submission to the
jurisdiction concerned or not, be submitted later than fifteen (15) days from the end of such quarter, and, in the case of the annual statement, the same shall in no event be submitted later than thirty (30) days after the end of the
calendar year, whether or not such information be in final form for submission to the jurisdiction concerned. 

  

	 	(f)	All books and records of FEDERAL maintained by the REINSURANCE SERVICE PROVIDER with respect to the Authorized Reinsurance shall be and remain the property of FEDERAL.
During the term of this Agreement, such books and records shall be under the joint control of the REINSURANCE SERVICE PROVIDER and FEDERAL, provided further, that they shall always be available in a form usable by FEDERAL during normal business
hours for inspection and copying by FEDERAL or its agent. 

  

	 	(g)	FEDERAL shall periodically (at least semiannually) conduct an on-site review of the underwriting and claims processing operations of the REINSURANCE SERVICE PROVIDER.

  

 9 

	 	(h)	The REINSURANCE SERVICE PROVIDER shall provide information to FEDERAL sufficient to permit FEDERAL and the Parent to accurately cause all necessary regulatory reports
and certifications (including, without limitation, the filing of Annual Statements as required by state regulators and the National Association of Insurance Commissioners and the answering of applicable interrogatories and the inclusion of a CEO and
CFO attestation) and federal, state and local tax returns with respect to the Authorized Reinsurance business to be filed on behalf of FEDERAL. 

  

	 	(i)	The REINSURANCE SERVICE PROVIDER shall provide FEDERAL annually with a statement of its financial condition prepared by an independent certified public accountant.

  

	 	(j)	The REINSURANCE SERVICE PROVIDER shall provide FEDERAL, within the time frame reasonably requested by FEDERAL, with any and all additional informational relating to the
Authorized Reinsurance or the services provided hereunder as may reasonably be requested by FEDERAL from time to time. 

  

	Section 6.	Termination of Agreement 

  

	 	(a)	The underwriting authority of the REINSURANCE SERVICE PROVIDER under Section 1(a)(i) and/or Section 1(a)(ii) shall terminate as follows:

  

	 	(i)	With respect to underwriting authority under Section 1(a)(i), upon the earliest of (A) December 31, 2006, (B) 90 days following (1) the
acquisition or ownership by Harbor Point Limited of a reinsurer licensed to do business in New York, California, Illinois, Florida, Texas and New Jersey and (2) the receipt by such reinsurer of a claims-paying rating of at least A by A.M.
Best & Co., (C) at the option of FEDERAL, the termination of the Property Quota Share Contract for any reason, and (D) at the option of FEDERAL, receipt of written notice by the REINSURANCE SERVICE PROVIDER from FEDERAL upon the
occurrence of any of the events set forth in Section 6(b). 

  

	 	(ii)	With respect to underwriting authority under Section 1(a)(ii), upon the earliest of (A) December 31, 2007, (B) 90 days following (1) the
acquisition or ownership by Harbor Point Limited of a reinsurer licensed to do business in New York, California, Illinois, Florida, Texas and New Jersey and (2) the receipt by such reinsurer of a claims-paying rating of at least A by A.M.
Best & Co., (C) at the option of FEDERAL, the termination of the Casualty Quota Share Contract for any reason, and (D) at the option of FEDERAL, receipt of written notice by the REINSURANCE SERVICE PROVIDER from FEDERAL upon the
occurrence of any of the events set forth in Section 6(c). 

  

 10 

	 	(iii)	By FEDERAL, at its option, for “Cause” at any time upon ten (10) days prior written notice to the REINSURANCE SERVICE PROVIDER, where “Cause”
shall mean any of the following circumstances: 

  

	 	(A)	the REINSURANCE SERVICE PROVIDER fails to account for or pay monies due under this Agreement, subject to a cure period of thirty (30) days. Such termination will
not become effective if the REINSURANCE SERVICE PROVIDER accounts for and pays all monies due prior to the effective date of the termination; 

  

	 	(B)	the REINSURANCE SERVICE PROVIDER commits a material breach of this Agreement, including but not limited to the authority statement attached hereto as Exhibits A, B and
C, and instructions given by FEDERAL from time to time consistent with the terms of this Agreement; provided, that, in the case of a breach capable of remedy to FEDERAL’s reasonable satisfaction, any such breach that is cured within fifteen
(15) days of delivery of written notice from FEDERAL to the REINSURANCE SERVICE PROVIDER shall not give rise to a termination rights hereunder; 

  

	 	(C)	during the term of this Agreement, any director, officer or other senior personnel of the REINSURANCE SERVICE PROVIDER’s engages in fraud, dishonesty or any act of
moral turpitude or acts of willful misconduct (excluding any action or conduct in which any such individual engages in at the specific request of FEDERAL); or 

  

	 	(D)	without limiting the generality of Section 6(a)(iii)(C), any director, officer or other employee engages in fraud or willful misconduct directed against or
directly affecting FEDERAL on any reinsurance and the REINSURANCE SERVICE PROVIDER shall not have terminated or suspended the such director, officer or employee promptly following the discovery thereof; 

 and FEDERAL may also, at its option, immediately suspend the authority of the REINSURANCE SERVICE PROVIDER to assume or cede business during
the pendency of any dispute regarding termination for Cause. 
  

	 	(iv)	By FEDERAL, at its option, in the event that REINSURANCE SERVICE PROVIDER shall at any time: 

  

	 	(A)	become insolvent; 

  

	 	(B)	go into liquidation bankruptcy or receivership whether voluntary or compulsory; or 

  

	 	(C)	if the settlement of balances due hereunder shall be prohibited by Government action or decree. 

  

 11 

	 	(b)	In addition to the right to terminate underwriting authority pursuant to Section 6(a) hereof, the other rights and obligations of the REINSURANCE SERVICE PROVIDER
under Section 1-2 and 4-5 of this Agreement may be terminated by FEDERAL, at its option, with respect to Authorized Reinsurance bound pursuant to Section 1(a)(i) upon the occurrence of any of the following: 

  

	 	(i)	at any time upon written notice to the REINSURANCE SERVICE PROVIDER in the event that the Property Quota Share Contract is terminated for any of the reasons set forth
in Article 4, Section I.A.1-3 of the Property Quota Share Contract; 

  

	 	(ii)	for “Cause” at any time upon ten (10)days prior written notice to the REINSURANCE SERVICE PROVIDER, where “Cause” shall have the meaning ascribed to
it in Section 6(a)(iii); 

  

	 	(iii)	In the event that REINSURANCE SERVICE PROVIDER shall at any time: 

  

	 	(A)	become insolvent; 

  

	 	(B)	go into liquidation bankruptcy or receivership whether voluntary or compulsory; or 

  

	 	(C)	if the settlement of balances due hereunder shall be rendered impracticable by Government action or decree. 

  

	 	(c)	In addition to the right to terminate underwriting authority pursuant to Section 6(a) hereof, the other rights and obligations of the REINSURANCE SERVICE PROVIDER
under Section 1-2 and 4-5 of this Agreement may be terminated by FEDERAL, at its option, with respect to Authorized Reinsurance bound pursuant to Section 1(a)(ii) upon the occurrence of any of the following: 

  

	 	(i)	at any time upon written notice to the REINSURANCE SERVICE PROVIDER in the event that the Casualty Quota Share Contract is terminated for any of the reasons set forth
in Article 4, Section I.A.1-3 of the Casualty Quota Share Contract; 

  

	 	(ii)	for “Cause” at any time upon ten (10) days prior written notice to the REINSURANCE SERVICE PROVIDER, where “Cause” shall have the meaning
ascribed to it in Section 6(a)(iii); 

  

	 	(iii)	in the event that REINSURANCE SERVICE shall at any time: 

  

	 	(A)	become insolvent; 

  

	 	(B)	go into liquidation bankruptcy or receivership whether voluntary or compulsory; or 

  

	 	(C)	if the settlement of balances due hereunder be rendered impracticable by Government action or decree. 

  

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	 	(d)	Upon termination of rights and obligations of the REINSURANCE SERVICE PROVIDER pursuant to Section 6(b) or 6(c) of this Agreement, the REINSURANCE SERVICE PROVIDER
shall, at FEDERAL’s written request, immediately turn over all assets and property of FEDERAL in its possession relating to Authorized Reinsurance bound pursuant to Section 1(a)(i) or Section 1(a)(ii), respectively, to either FEDERAL
or to the duly authorized successor of the REINSURANCE SERVICE PROVIDER, and each party shall cooperate with and assist the other in so doing, with expenses thereof shared equitably; provided that, for the avoidance of doubt, the REINSURANCE SERVICE
PROVIDER agrees that, upon the termination of all of the obligations of the REINSURANCE SERVICE PROVIDER hereunder, the REINSURANCE SERVICE PROVIDER shall promptly thereafter turn over all assets and property of FEDERAL in its possession to FEDERAL.

 After the giving of a termination notice under Section 6(a) (with respect to binding authority under
Section 1(a)(i)) or Section 6(b) above, the REINSURANCE SERVICE PROVIDER shall not thereafter contract or bind any new Authorized Reinsurance business on behalf of FEDERAL under Section 1(a)(i), nor extend, renew or increase
FEDERAL’s liability on any existing Authorized Reinsurance business bound under Section 1(a)(i), nor, in the event of a termination under Section 6(b), make any disposition of its cash or property relating to such Authorized
Reinsurance without written instructions from FEDERAL, except payment of obligations arising from the business in force and outstanding claims. After the giving of a termination notice under Section 6(a) (with respect to binding authority under
Section 1(a)(ii)) or Section 6(c) above, the REINSURANCE SERVICE PROVIDER shall not thereafter contract or bind any new Authorized Reinsurance business on behalf of FEDERAL under Section 1(a)(ii), nor extend, renew or increase
FEDERAL’s liability on any existing Authorized Reinsurance business bound under Section 1(a)(ii), nor, in the event of a termination under Section 6(c), make any disposition of its cash or property relating to such Authorized
Reinsurance without written instructions from FEDERAL, except payment of obligations arising from the business in force and outstanding claims. 
 Any termination pursuant to this Section 6 shall not prejudice the rights and remedies of either party hereto accruing prior thereto. 
  

	Section 7.	Arbitration 

 As a
condition precedent to any cause of action hereunder, any dispute between the parties arising out of or relating to this Agreement which cannot be resolved by compromise, including but not limited to any controversy as to the formation, validity,
interpretation, or performance of this Agreement, whether such disputes arise before or after termination of this Agreement, shall be submitted to and finally settled by binding arbitration. Notice requesting arbitration shall be in writing and sent
certified or registered mail return receipt requested to the address below mentioned of the other party. 
 The board of
arbitration (the “Board”) shall consist of three arbitrators. The arbitrators shall be attorneys or active or former disinterested officials of insurance or reinsurance companies not employed by or previously employed by or under the
control of either party to this Agreement. 
  

 13 

 One arbitrator shall be appointed by the REINSURANCE SERVICE PROVIDER, and one shall be
appointed by FEDERAL. The party demanding arbitration (the “Petitioner”) shall appoint its arbitrator, and the party against which arbitration has been demanded (the “respondent”) shall appoint its arbitrator within 30 days after
the appointment of the first arbitrator. A third impartial arbitrator to serve as an umpire shall be chosen by the other two arbitrators within 20 days after the two arbitrators have been appointed. If the two arbitrators cannot agree upon an
umpire, each arbitrator shall nominate three persons. Each arbitrator shall then decline two of the nominees of the other arbitrator. The umpire shall then be chosen from the remaining nominees by drawing lots. 
 If either party fails to choose an arbitrator within 30 days after receiving the written request of the other party, the latter shall choose
both arbitrators, who shall then choose the umpire. 
 The Petitioner shall submit its brief to the Board within 30 days after
notice of the selection of the umpire. Upon receipt of the Petitioner’s brief, the Petitioner shall have 20 days to file its rebuttal brief. The Board may extend the time for filing of briefs or revise these procedures at the request of either
party. 
 The Board is relieved from all judicial formalities and may abstain from following the strict rules of law. The Board
shall interpret this Contract as an honorable engagement rather than merely a legal obligation and shall make its decision with regard to the customs and usage of the insurance and reinsurance business and with a view to affecting the general
purpose of this Agreement rather than in accordance with a literal interpretation of the language, the arbitral award shall be in writing rendered by a majority of the arbitrators and shall be final and binding on the parties. 
 Unless otherwise mutually agreed between the parties, any arbitration hearing shall take place in Warren, New Jersey, USA. The Board shall
determine the hearing procedures. 
 Each party shall bear the expense of its own arbitrator and witnesses and shall jointly and
equally share with the other party the expense of the umpire and of the hearing. The Board may, at its discretion, award such further costs and expenses as it considers appropriate, including but not limited to attorneys’ fees, to the extent
permitted by law. 
  

	Section 8.	Miscellaneous 

  

	 	(a)	Governing Law. This Agreement is made pursuant to and shall be governed by, interpreted under, and the rights of the parties hereto determined in accordance
with, the laws of the State of New York without regard to principles of conflict of laws. 

  

 14 

	 	(b)	Assignment. This Agreement may not be delegated, assigned or transferred, in whole or in part, by either of the parties. 

  

	 	(c)	Notices. All notices, requests, demands and other communications hereunder must be in writing and shall be deemed to have been duly given if delivered by hand or
mailed first class; registered mail-return receipt requested, postage and registry fees prepaid or by telex or cable and addressed as follows: 

  

	 	(i)	If to FEDERAL: 

 Federal
Insurance Company 
 15 Mountain View Road 
 Warren, New Jersey 07059 
 Attention: Reinsurance Manager 
  

	 	(ii)	If to the REINSURANCE SERVICE PROVIDER: 

 Harbor Point Services, Inc. 
 4 Essex Avenue 
 Suite 300 
 Bernardsville, New Jersey 07924 
 Attention: General Counsel 
 Address may be changed by notice in writing signed by the addressee. 
  

	 	(d)	Entire Agreement. Except as otherwise expressly provided herein, no provision of this Agreement may be modified, waived or discharged unless such modification,
waiver or discharge is agreed to in writing, signed by both parties to this Agreement, and each party holding a copy of such writing. No waiver by either party hereto at any time of any breach by the other party hereto of or compliance with any
condition or provision of this Agreement to be performed by any such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or
otherwise, express or implied, have been made by either party which are not set forth expressly in this Agreement or in the agreements referred to herein. 

  

	 	(e)	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument. 

  

	 	(f)	Headings. The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. 

  

	 	(g)	Currency. All amounts due to either party hereunder shall be payable in United States currency. 

  

 15 

	 	(h)	Confidentiality. Each party acknowledges that it may receive confidential or proprietary information or trade secrets (collectively “Confidential
Information”) of the other party. Each party agrees (i) to hold such Confidential Information in confidence and to protect such Confidential Information with at least the same degree of care as it normally exercises to protect its own
confidential or proprietary information or trade secrets of a similar nature, (ii) to use such Confidential Information solely for the purpose of performing its obligations under this Agreement, (iii) to reproduce such Confidential
Information only to the extent necessary for such purpose, (iv) to restrict disclosure of such Confidential Information to its employees, officers, directors, shareholders, consultants, agents, auditors, actuaries, legal counsel and other
external advisors with a need to know for the purposes of performing its obligations under this Agreement and to inform such employees, officers, directors, shareholders, consultants, agents, auditors, actuaries, legal counsel and other external
advisors of its confidentiality obligations under this Agreement, and (v) not to disclose such Confidential Information to any third party (including, without limitation, in any public statement or announcement) without the prior written
approval of the other party. These restrictions on the use or disclosure of Confidential Information shall not apply to any Confidential Information (i) after it has become generally available to the public without breach of this Agreement,
(ii) which is disclosed by a party under legal process (with reasonable prior notice to the other party) provided such disclosure is not protected by a confidentiality agreement or order, or (iii) which a party agrees in writing is free of
such restrictions. 

  

	 	(i)	E&O Insurance. No later than ninety (90) days after the effective date of this Agreement, REINSURANCE SERVICE PROVIDER shall obtain errors and omissions
insurance in the amount of $5,000,000, from an insurer approved by FEDERAL, and shall maintain such insurance at all times for the duration of this Agreement. 

  

	 	(j)	Hold Harmless. 

  

	 	(i)	The REINSURANCE SERVICE PROVIDER agrees to hold harmless and indemnify FEDERAL, its parent, affiliates, subsidiaries, and their authorized representatives, officers,
agents and employees against any and all liability for any judgments, awards, expenses, fines, penalties, attorneys’ fees, or other claims for damages in connection with any suit, complaint, charge, proceeding or action of any kind alleging a
violation of any statutory or regulatory provision or otherwise arising out of the performance or nonperformance by the REINSURANCE SERVICE PROVIDER of its duties and responsibilities under this Agreement, unless such performance or nonperformance
occurred at the direction of or was caused by FEDERAL. This hold harmless and indemnification includes but is not limited to compensatory damages, regulatory fines and penalties, and extra contractual liability but shall exclude consequential or
punitive damages, lost profits and any liabilities to cedents under the contracts of the Authorized Reinsurance written in accordance with the terms of this Agreement. 

  

 16 

	 	(ii)	FEDERAL agrees to hold harmless and indemnify the REINSURANCE SERVICE PROVIDER, its parent, affiliates, subsidiaries, and their authorized representatives, officers,
agents and employees against any and all liability for any judgments, awards, expenses, fines, penalties, attorneys’ fees, or other claims for damages in connection with any suit, complaint, charge, proceeding or action of any kind alleging a
violation of any statutory or regulatory provision or otherwise arising out of the performance or nonperformance by FEDERAL of its duties and responsibilities under this Agreement, unless such performance or nonperformance occurred at the direction
of or was caused by the REINSURANCE SERVICE PROVIDER. This hold harmless and indemnification includes but is not limited to compensatory damages, regulatory fines and penalties, and extra contractual liability but shall exclude consequential or
punitive damages and lost profits. 

  

	 	(iii)	This Section 8(j) shall survive termination of this Agreement with respect to claims accruing prior to termination of this Agreement. 

  

	 	(k)	FEDERAL Approval. FEDERAL shall, within thirty (30) days after the effective date of this Agreement, designate an officer(s) authorized to grant the
approvals on behalf of FEDERAL as set forth herein. FEDERAL may change any such designation by providing written notice thereof to the REINSURANCE SERIVICE PROVIDER. 

 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 
  

 17 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives the day and year first mentioned above. 
  

									
		 		 		 	 FEDERAL INSURANCE COMPANY
 Through its Chubb & Son Division

				
	Date: 12/13/2005	 		 	By:	 	 /s/ Michael O’Reilly

		 		 		 	Name:	 	Michael O’Reilly
		 		 		 	Title:	 	Executive Vice President
				
		 		 		 	HARBOR POINT SERVICES, INC.
				
	Date: 12/13/2005	 		 	By:	 	 /s/ Wayne Paglieri

		 		 		 	Name:	 	Wayne Paglieri
		 		 		 	Title:	 	President

  

 18

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