# MARKEL AMERICAN INSURANCE COMPANY

## U.S. SHORT EXCESS FORM DECLARATIONS

**Policy Number:** MKLM6XL30000344

**Item 1.**
- **a. Named Insured:** IBM Corporation
- **b. Address of Named Insured:** 1 New Orchard Rd, Armonk, NY 10504-1722

**Item 2.**
- **Policy Period:**
  - From: 05/21/2022 at 12:01 a.m. standard time at the address of the Named Insured.
  - To: 05/21/2023 at 12:01 a.m. standard time at the address of the Named Insured.

**Item 3.**
- **a. Followed Policy:**
  - **Insurer:** ACE Property and Casualty Insurance Company
  - **Policy Number:** GZ7983212 007
  - **Coverage:** Occurrence
  - **Policy Period:** From: 05/21/2022 To: 05/21/2023
  - **Limits of Liability:** 25,000,000
- **b. Underlying Policy(ies):**
  - As per Endorsement No. 1 Schedule of Excess Policy(ies) Section II – Schedule of Underlying Policy(ies)
- **c. Quota Share Policy(ies):**
  - As per Endorsement No. 1 Schedule of Excess Policy(ies) Section I – Schedule of Quota Share Policy(ies)

**Item 4.**
- **Limit of Liability: (Insuring Agreement 2):**
  - **a. USD 25,000,000 each Occurrence**
  - **b. USD 25,000,000 Aggregate, where applicable (Part of 100,000,000)**

**Item 5.**
- **Underlying Limits:**
  - **a. USD 125,000,000/ 125,000,000 each Occurrence**
  - **b. USD 125,000,000/ 125,000,000 Aggregate, where applicable**

Which in turn is excess of various insurances and/or retentions as more fully set forth in the Followed Policy

**MGDEC 4011 01 19**
**USXS (Ed. 06/18)**

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