**USD 25,000,000**
**Annual Aggregate (where applicable)**

**And In Respect of**
**Punitive Damages**
**Company:**
**GAI Insurance Company, Ltd.**

**Excess of**

**Which is in turn excess of**

**The Followed Policy detailed in Item 4(a) of the Declarations and In Respect of Punitive Damages:**

**Company:** **ACE Property and Casualty Insurance Company**

**The Followed Policy is in excess of the underlying insurances and/or self-insured retentions listed in the schedule(s) of underlying policies and/or self-insured retentions attached to the Followed Policy.**

**Note that the policy term for all policies listed is May 21, 2018 to May 21, 2019 unless otherwise stated.**

**18/5/18**