# Liberty International Underwriters

**Liberty Insurance Underwriters Inc.**
55 Water Street, 23rd Floor
New York, NY 10041

## Binder - Occurrence Basis Commercial Excess Liability

**To:** James Mahoney  
**Date:** May 18, 2018  

**AON RISK SERVICES NORTHEAST INC**  
199 Water Street  
8th Floor  
New York, NY 10038

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**NOTICE: THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK INSURANCE LAW AND REGULATIONS. HOWEVER, THE FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.**

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Thank you very much for the order. Confirming the bound terms and conditions.

**POLICY NUMBER:** 1000040626-17  
**RENEWAL OF:** 1000040626-16

1. **Applicant:** International Business Machines Corporation  
2. **Address:** One New Orchard Road Mail Drop 109 Armonk, NY 10504  
3. **Issuing Company:** Liberty Insurance Underwriters Inc. "Admitted" A.M. Best Rating A (Excellent) XV  
4. **Coverage:** Excess Liability 101-XS (Ed. 03 00)  
5. **Policy Period:** May 21, 2018 to May 21, 2019 12:01 AM Standard Time at the mailing address of the Named Insured shown.  
6. **Limits:**  
   - $25,000,000 Each Occurrence  
   - $25,000,000 Aggregate (where applicable)  
   - $100,000,000 Each Occurrence  
   - $100,000,000 Aggregate (where applicable)  
   - $100,000,000 Excess of: Each Occurrence  
   - $100,000,000 Aggregate (where applicable)  
7. **Schedule of Underlying Limits of Insurance:**  
   - **Coverage:** Commercial Umbrella Liability – Defense in addition to limit First Underlying Insurance  
     - Carrier: ACE Property & Casualty Insurance Company  
     - Each Occurrence: $50,000,000  
     - Aggregate (where applicable): $50,000,000  
     - Terms/Conditions: FL Supplement 64  

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Liberty International Underwriters is a marketing name for the broker distributed specialty lines insurance products of Liberty Mutual Group.