Document dakXr1Y9gmezpEDL5kp9X8vqR

WELBECK MANAGEMENT LIMITED 504 INTERNATIONAL CENTRE, BERMUDIANA ROAD, HAMILTON, BERMUDA TELEPHONE: (809) 295-2240 TELEX: 336? WEL BA FAX: (809) 295-2269 Mailing Address: P.O. BOX HM 2446 HAMILTON HM JX BERMUDA May 16, 1989 Fred S. James & Co. of New England, Inc. 0 Broad Street Boston Massachusetts 02109 U.S.A. By Courier 617-357-6754 Attention: Joe Zavagnin Dear Joe, SINCLAIR INSURANCE COMPANY LTD. ; Please find enclosed a copy, fully signed, of each of the following: (1) Addendum No. 1 to the Facultative Reinsurance Agreement for the period October 1, 1986 to October 1, 1987. (2) Addendum No. 2 to the Facultative Reinsurance Agreement for the period October l, 1986 to October 1, 1987. (3) Facultative Reinsurance Agreement for the period October 1, 1987 to October 1, 1988. (4) Addendum No. 1 to the Facultative Reinsurance Agreement for the period October 1, 1987 to October 1, 1988. Have you had an opportunity to review the draft Facultative Reinsurance Agreement for the period October 1, 1988 to October l, 1989 sent to you be Steve Reiss by his memorandum of March 28, 1989? Is it acceptable to sign? I notice that Steve did not include an Addendum for the same period covering the Umbrella coverage - have you received a draft since? yours sincerely. pc Jon Richmond Director/Financial Controller JR/sm Enc. N17698