# Certificate of Casualty Facultative Reinsurance

**Transatlantic Reinsurance Company**
99 John Street, New York, New York 10038

**To:** Mr. Chuck Ciccarelli  
**National Union**  
**99 John Street**  
**New York, N.Y. 10038**

**Certificate No.:** CDI-3687  
**Company Policy No.:** 221-0600  
**Renewal/Rewrite No.:**  
**Co. Policy Period:** 05/21/91 - 05/21/92

**Ceding Company:** National Union Fire Insurance Company of Pittsburgh Pa

**Declaration:**

**Insured:** International Business Machines Corporation, Etal  
**Location:** Armonk, N.Y.

- **Reinsurance Effective:** 05/21/91  
- **Expiration:** 05/21/92 (Two Year)

- **Item 1 - Type of Reinsurance:** Umbrella Liability  
- **Item 2 - Policy Limits and Applications:** See Endorsement #2 Attached  
- **Item 3 - Company Retention:** See Endorsement #2 Attached  
- **Item 4 - Reinsurance Accepted:** See Endorsement #2 Attached  

**Item 5 - Basis of Reinsurance:** Contributing Excess  
**Item 6 - Cancellation:** 45 Days Notice  
**Item 7 - Premium This Certificate:** A) $32,820. B) -2,996. C) $2,703. (Fixed)  
**Item 8 - Ceding Commission:** 27.30%  
**Brokerage Commission:** 10.00%  
**Item 9 - Basis of Adjustments:**  
**Item 10 - Initial Premium for Certificate:** $30,423.

**Date:** 07/13/91

**Certificate of Casualty Facultative Reinsurance**  
**Transatlantic Reinsurance Company**  
**Authorized Signature**

**Copy**