Parental Guarantee

 

Barents Reinsurance S.A., incorporated and registered in Luxembourg with company number B194011 whose registered office is 6 Rue du Fort Bourbon, L-1249 Luxembourg (“Company”), is a subsidiary of Barents Re Reinsurance Company, Inc., incorporated and registered in Cayman Islands with company number AQ-336224 whose registered office is Suite 24, Grand Pavilion Commercial Centre, 802 West Bay Road, Grand Cayman, Cayman Islands (“Guarantor”).

The Guarantor has entered into a Deed of Guarantee (“Parental Guarantee”) with the Company. This Parental Guarantee obliges the Guarantor to unconditionally guarantee the Company, inter alia, to pay all moneys, liabilities and payment obligations which may be due, owing or incurred by the Company anywhere and in any manner whatsoever including any claims, losses and return premiums legally payable by the Company to or on behalf of cedants.

This Parental Guarantee is for the benefit of cedants and brokers who may access directly the Guarantor should the Company default in its obligations.

Cedants and brokers may request a copy of the Parental Guarantee from their normal Barents Re contact.