THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Trenwick Group Ltd. (Retired) (TWKGQ.PK.X)

4/30/2003 10K Information

Trenwick has agreed to indemnify the present and former directors and officers of Trenwick Group Inc. and LaSalle Re Holdings Limited against liabilities arising out of the Trenwick Group Inc./LaSalle Re Holdings Limited business combination in September 2000. Subject to applicable Bermuda law and public policy, Trenwick will honor indemnification rights of the current and former directors and officers of Trenwick Group Inc., LaSalle Re Holdings Limited or any of their respective subsidiaries. In addition, Trenwick agreed to maintain, for all former and current directors and officers of Trenwick Group Inc., LaSalle Re Holdings Limited and their respective subsidiaries, the current directors' and officers' liability insurance, fiduciary liability insurance and indemnification policies maintained by Trenwick Group Inc. and LaSalle Re Holdings Limited for at least six years from the effective time of the Trenwick Group Inc./LaSalle Re Holdings Limited business combination.

Mr. Brown serves as a director of Trenwick Group, Ltd. and was a director of Trenwick Group Inc. from 1990 until the Trenwick Group Inc./LaSalle Re Holdings Limited business combination in September 2000.

Mr. DeMichele is a director of Trenwick Group, Ltd. and was a director of Trenwick Group Inc. from the Trenwick Group Inc./Chartwell Re Corporation merger in October 1999 until the Trenwick Group Inc./LaSalle Re Holdings Limited business combination in September 2000.

Mr. Sargent was a director of Trenwick Group, Inc. and its predecessor since 1978.

Mr. Wilcox serves as a director of Trenwick Group, Ltd. and was a director of Trenwick Group Inc. and its predecessor from 1978 until the Trenwick Group Inc./LaSalle Re Holdings Limited business combination in September 2000.

Anthony Brown, Robert De Michele, Clement Dwyer, Joseph Sargent and Stephen Wilcox - Trenwick has agreed to indemnify the present and former directors and officers of Trenwick Group Inc. and LaSalle Re Holdings Limited against liabilities arising out of the Trenwick Group Inc./LaSalle Re Holdings Limited business combination in September 2000. Subject to applicable Bermuda law and public policy, Trenwick will honor indemnification rights of the current and former directors and officers of Trenwick Group Inc., LaSalle Re Holdings Limited or any of their respective subsidiaries. In addition, Trenwick agreed to maintain, for all former and current directors and officers of Trenwick Group Inc., LaSalle Re Holdings Limited and their respective subsidiaries, the current directors' and officers' liability insurance, fiduciary liability insurance and indemnification policies maintained by Trenwick Group Inc. and LaSalle Re Holdings Limited for at least six years from the effective time of the Trenwick Group Inc./LaSalle Re Holdings Limited business combination.

With the approval of the Compensation Committee, Trenwick extended lines of credit in the principal amount of $2,250,000 to James F. Billett, Jr. and $400,000 to Alan L. Hunte. The lines of credit were payable upon demand and bore interest in 2001 on outstanding balances at the prime rate of interest until paid in full. Effective January 1, 2002, Trenwick and Messrs. Billett and Hunte agreed to amend the terms of the lines of credit. As amended, the lines of credit bear interest at the prime rate, which is currently 4.25%, and must be repaid in 5% increments on a quarterly basis over the five years. The largest aggregate amount of indebtedness outstanding under Mr. Billett's line of credit in 2002 was $1,480,404 as of December 31, 2002. The largest aggregate amount of indebtedness outstanding under Mr. Hunte's line of credit in 2002 was $409,513 (including accrued and unpaid interest) as of December 31, 2002. Mr. Billett's indebtedness was repaid in full in January 2003 under the terms of the Employment Separation Agreement as described above. The amount of Mr. Hunte's outstanding line of credit as of April 15, 2003 was $413,314 (including accrued and unpaid interest). The proceeds from loans made under the lines of credit have been used by Messrs. Billett and Hunte to fund earlier acquisitions of Trenwick's common shares.