# Renewal Binder

## Policy Details
- **Policy #:** MKLM6XL30000579
- **Producer Name:** Steve Goldstein
- **Underwriter:** Tim Teuliyev
- **Underwriter Phone #:** (212) 898-6661
- **Underwriter Email:** tim.teuliyev@markel.com
- **Company Name:** Aon Risk Services Northeast, Inc.
- **Insuring Company:** Markel American Insurance Company
- **Applicant Name:** IBM Corporation
- **Mailing Address:** 1 New Orchard Rd, Armonk, NY - 10504-1722
- **Coverage Name:** Excess Liability - U.S. Short
- **Policy Period:** 05/21/2024 To 05/21/2025
- **Policy Basis:** Occurrence

## Markel Limits and Premium
| Per Occurrence: | $15,000,000 (part of $45,000,000) |
|----------------|----------------------------------|
| Aggregate:     | $15,000,000 (part of $45,000,000) |
| Excess of:     | $90,000,000/$90,000,000           |
| Premium:       | Our Premium                      | Total Layer Premium        |
|                | $132,000                         | $396,000                    |
| TRIA Premium:  | Waived                           |
| Total Premium: | $132,000                         |
| Commission:    | 0%                               |
| Min Earned Premium: | 25%                             |
| Payment Plan:  | Full Pay                         |
| Premium Type:  | Flat                             |
| Exposure:      | $66,887,371,863 Revenue          |

## Followed/Underlying Policies
### Followed Policy
- **Company:** ACE Property and Casualty Insurance Company
- **Coverage:** Occurrence
- **Policy Period:** 05/21/2024 To 05/21/2025
- **Per Occurrence Limit:** $15,000,000
- **Aggregate Limit:** $15,000,000
- **Products and Completed Ops Aggregate:** $15,000,000
- **Premium:** $819,000

### Underlying Policy
- **Company:** Berkshire Hathaway Specialty Insurance
- **Coverage:** Occurrence
- **Policy Period:** 05/21/2024 To 05/21/2025
- **Per Occurrence Limit:** $15,000,000
- **Aggregate Limit:** $15,000,000
- **Products and Completed Ops Aggregate:** $15,000,000
- **Attachment Point:** $15,000,000
- **Premium:** $410,000

### Underlying Policy
- **Company:** Allianz Global Risks US Insurance Company
- **Coverage:** Occurrence
- **Policy Period:** 05/21/2024 To 05/21/2025
- **Per Occurrence Limit:** $15,000,000
- **Aggregate Limit:** $15,000,000
- **Products and Completed Ops Aggregate:** $15,000,000
- **Attachment Point:** $30,000,000
- **Premium:** $295,800