# Allianz Global Corporate & Specialty

## Large Accounts Center
**New York Office**

### BINDER
**Excess/Excess Umbrella**

**Date:** May 16, 2018
**Binder Number:** 158538

**To:** Derek Aurori
**Phone No.:** 1 212.441.1829
**Fax No.:**
**Email:** Derek.Aurori@aon.com
**Name:** Aon Risk Services Northeast, Inc
**Address:** 199 Water Street, New York, NY 10038

**From:** Calista Allen
**Tel:** (312) 224-3300
**Email:** calista.allen@agcs.allianz.com

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**Binder For:** International Business Machines Corporation
**Policy Period:** May 21, 2018 to May 21, 2019
**Assigned Policy Number:** USL000622181
**Type:** New

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Dear Derek,

Thank you for the order to bind. Please review the following and advise if you have any questions.

**Company:** Allianz Global Risks US Insurance Company, licensed and admitted in all 50 states, A.M. Best Rating "A+ XV", Standard & Poor's Rating "AA".
**Policy Period:** May 21, 2018 To May 21, 2019 12:01 A.M. Standard Time at the Address of the Named Insured

**Limit of Liability:**
- Each Occurrence: $25,000,000 part of $100,000,000
- Aggregate: $25,000,000 part of $100,000,000 Where Applicable

**Underlying Limits:**
- Total Underlying Excess: $100,000,000 Each Occurrence
- Controlling Underlying Policy: $50,000,000 Each Occurrence
- ACE Property and Casualty Insurance Company

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**New York Office**
28 Liberty Street
37th Floor
New York, New York 10005
Phone: 646-472-1500
Fax: (212) 524-9362
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