Document:

Assumption and Loss Allocation Agreement

 Exhibit 10.6 

EXECUTION VERSION 

ASSUMPTION AND LOSS ALLOCATION AGREEMENT 

by and among 

ACE American Insurance Company, 

acting for itself and the ACE Affiliates (as defined below) 

and 
 MCDERMOTT
INTERNATIONAL, INC., 
 a Panamanian corporation 

and 

BABCOCK & WILCOX HOLDINGS, INC., 

a corporation organized and existing under the laws of the State of Delaware 

RECITALS 

THIS ASSUMPTION AND LOSS ALLOCATION AGREEMENT (the “Agreement”), is entered into and effective as
of May 18, 2010 (the “Effective Date”) by and among ACE AMERICAN INSURANCE COMPANY, individually and acting for the ACE Affiliates (in such capacities, the “Company”), MCDERMOTT INTERNATIONAL, INC., a
Panamanian corporation (“MII”), BABCOCK & WILCOX HOLDINGS, INC., a Delaware corporation (“B&W”), to be succeeded by The Babcock & Wilcox Company, a Delaware corporation, after the effective
time of the Merger, and, solely with respect to Sections 2, 3 and 5(c), the other MII Entities signatory hereto and the other B&W Entities signatory hereto. 

WHEREAS, the Company and/or the ACE Affiliates have issued the Existing Policies to one or more MII Entities and
one or more B&W Entities; and 
 WHEREAS, in connection with the Existing Policies, the Company, the
ACE Affiliates, one or more MII Entities, and/or one or more B&W Entities entered into various Existing Insurance Agreements; and 

WHEREAS, pursuant to the Existing Policies and the Existing Insurance Agreements, the MII Entities and the B&W
Entities are obligated, among other things, to pay or reimburse the Company and/or the ACE Affiliates for certain Obligations, which Obligations are secured by the Existing Collateral; and 

WHEREAS, B&W, prior to the Separation, is a wholly owned Subsidiary of MII; and 

WHEREAS, MII intends to spin-off B&W from MII through a dividend of common stock of B&W to the
shareholders of MII (the “Separation”); and 
 WHEREAS, in connection with the
Separation: (a) the MII Entities desire to transfer and the B&W Entities desire to assume any B&W Obligations that were incurred by, or with respect to which there exists any obligation of, an MII Entity, whether such B&W
Obligations were existing, accruing or arising before, on or after the Effective Date; and (b) the B&W Entities desire to transfer and the MII Entities desire to assume any MII Obligations that were incurred by, or with respect to which
there exists any obligation of, a B&W Entity, whether such MII Obligations were existing, accruing or arising before, on or after the Effective Date; and 

 WHEREAS, the Company, on its own behalf and on behalf of the ACE
Affiliates, is willing to consent to the transfer and assumption of the Obligations as set forth herein, subject to the terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the mutual promises set out herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, including a one-time administrative fee of $25,000 (the “Fee”), and intending to be legally bound, the Parties agree as follows: 

1. Definitions. The following terms used herein, including in the recitals and Exhibits hereto, shall have
the following meanings: 
 “ACE Affiliate” means each Affiliate of ACE American
Insurance Company that is listed on Exhibit V attached hereto and made a part hereof that has issued an Existing Policy or is party to an Existing Insurance Agreement. 

“Affiliate” means, with respect to any specified Person, any other Person that directly,
or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose “control” of a Person means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the recitals to this Agreement. 

“Assumption Time” means midnight (New York time) on the Effective Date. 

“B&W” has the meaning set forth in the recitals to this Agreement. 

“B&W Assumed Obligations” has the meaning set forth in Section 5(b). 

“B&W Assumption” has the meaning set forth in Section 2(a). 

“B&W Entity” means B&W and each of the entities listed on Exhibit I
attached hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the B&W Entities will not be Subsidiaries or Affiliates of MII or any of the other MII Entities. 

“B&W LOC” has the meaning set forth in Section 5(b). 

“B&W Obligations” means any Obligations of, or to the extent arising from the
operations, business, or property of, a B&W Entity for which any MII Entity is responsible under the terms of an Existing Policy or Existing Insurance Agreement, whether arising prior to, at or after the Effective Date. 

“B&W Retained Obligations” has the meaning set forth in Section 2(d).

 “Cash Collateral” has the meaning set forth in Section 7. 

“Company” has the meaning set forth in the recitals to this Agreement. 

“Company Designation” has the meaning set forth in Section 4(a). 

“Effective Date” has the meaning set forth in the recitals to this Agreement. 

“ESIS” means ESIS, Inc., an Affiliate of the Company. 

“Existing Collateral” means any and all of the following forms of security held by the
Company or any ACE Affiliate under the terms of any Existing Policy or Existing Insurance Agreement in order to secure any Obligations outstanding as of the date hereof: (i) any and all letters of credit outstanding as of the date hereof
provided by or required to be provided by a B&W Entity or a MII Entity; (ii) any and all Cash Collateral provided by or required to be provided by a B&W Entity or a MII Entity; (iii) any securities account pledged by a B&W
Entity or a MII Entity pursuant to any Existing Insurance Agreement; or (iv) any other collateral or security previously provided by a B&W Entity or a MII Entity under the terms of any Existing Policy or Existing Insurance Agreement in
order to secure any Obligations outstanding as of the date hereof. 
  

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 “Existing ESIS Agreement” means any
agreement relating to claims or losses under one or more Existing Policies in which ESIS is in direct contractual privity with any MII Entity or any B&W Entity. 

“Existing Insurance Agreement” means any agreement entered into on or prior to the date
hereof by or on behalf of (or which is otherwise binding on) any B&W Entity and/or MII Entity with the Company or an ACE Affiliate in connection with an Existing Policy, including, without limitation, any high deductible agreement, any notice of
election, any collateral agreement, any agreement relating to any deductible or paid loss retrospectively rated insurance program, any agreement relating to deductibles under any of the Existing Policies, any letter or agreement relating to policy
dividends, any early close-out agreement relating to any Existing Policy or Existing Insurance Agreement and any agreement described on Exhibit II and Exhibit VI attached hereto and made a part hereof. 

“Existing Policy” means each policy of general liability insurance, automobile liability
insurance and workers compensation insurance (other than any insurance policy that is the subject of any reinsurance agreement) issued prior to the date hereof by the Company or an ACE Affiliate to a B&W Entity or a MII Entity, as applicable,
including those policies identified on Exhibit III and Exhibit VII attached hereto and made a part hereof. 

“Fee” has the meaning set forth in the recitals to this Agreement. 

“Foreign Insurance Agreements” means the Existing Insurance Agreements listed on
Exhibit VI attached hereto and made a part hereof and any other similar written agreements entered into between the Company or any of its Affiliates and a MII Entity or a B&W Entity in connection with or relating to insurance policies
issued to cover risks located primarily outside of the continental United States during the period from January 1, 1974 through May 7, 2010. 

“Foreign Policies” means the Existing Policies listed on Exhibit VII attached
hereto and made a part hereof and any other general liability insurance policy issued by the Company or any of its Affiliates to a MII Entity or a B&W Entity to cover risks located primarily outside of the continental United States during the
period from January 1, 1974 through May 7, 2010. 
 “Master Separation
Agreement” means a Master Separation Agreement to be entered into between MII and The Babcock & Wilcox Company in connection with the Separation. 

“Merger” means the merger, to occur after the date hereof, of Babcock & Wilcox
Holdings, Inc., a Delaware corporation, with and into The Babcock & Wilcox Company, a Delaware corporation and the surviving entity of such Merger. 

“MII” has the meaning set forth in the recitals to this Agreement. 

“MII Cash Collateral” has the meaning set forth in Section 5(a). 

“MII Assumed Obligations” has the meaning set forth in Section 5(a). 

“MII Assumption” has the meaning set forth in Section 2(c). 

“MII Entity” means MII and each of the entities listed on Exhibit IV attached
hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the MII Entities will not be Subsidiaries or Affiliates of B&W or any of the other B&W Entities. 

“MII LOC” has the meaning set forth in Section 5(a). 

“MII Obligations” means any Obligations of, or to the extent arising from the operations,
business, or property of, a MII Entity for which any B&W Entity is responsible under the terms of an Existing Policy or Existing Insurance Agreement, whether arising prior to, at or after the Effective Time. 

“MII Retained Obligations” has the meaning set forth in Section 2(b). 

“Obligations” means any and all amounts, duties, liabilities and obligations, whether
accrued, fixed or contingent, mature or inchoate, known or unknown, including deductibles and premium adjustments, payable by or to be performed by a MII Entity or a B&W Entity to the Company or any ACE Affiliate under the terms of any Existing
Policy or any Existing Insurance Agreement. 
  

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 “Organizational Documents” means
(a) with respect to any corporation, its certificate or articles of incorporation or organization and its bylaws, (b) with respect to any limited partnership, its certificate of limited partnership and its partnership agreement,
(c) with respect to any general partnership, its partnership agreement, and (d) with respect to any limited liability company, its certificate or articles of formation or organization and its operating agreement or other organizational
documents. 
 “Parties” means the Company, MII and B&W, collectively (and
each individually is a “Party”). 
 “Person” means an individual, a
partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, a union, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof.

 “Separation” has the meaning set forth in the recitals to this Agreement.

 “Subsidiary” means, with respect to any specified Person, any corporation,
partnership, limited liability company, joint venture or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a
majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such specified Person or by any one or more of its Subsidiaries, or by
such specified Person and one or more of its Subsidiaries. 
 “Substituted
Collateral” means (i) the MII LOC and the B&W LOC and (ii) any other collateral or security to be provided on or after the date hereof by a B&W Entity or a MII Entity under the terms of any Existing Policy or Existing
Insurance Agreement in order to secure any Obligations outstanding as of the date hereof. 
 2.
Assumption. 
 (a) B&W Assumption. Notwithstanding anything in any Existing
Insurance Agreement or Existing Policy to the contrary, each MII Entity that is a signatory hereto hereby transfers and assigns, and B&W does hereby assume, effective as of the Assumption Time, the B&W Obligations; and B&W hereby agrees
to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of any MII Entity under the Existing Policies and Existing Insurance Agreements
in respect of the B&W Obligations (the “B&W Assumption”). The Company, on its own behalf and on behalf of the ACE Affiliates, hereby consents to, and agrees to give full force and effect to, the B&W Assumption. From and
after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements in respect of the B&W Obligations against B&W to the same extent
such Person could, prior to the B&W Assumption, enforce such rights against the applicable MII Entity and (ii) releases each MII Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such B&W
Obligations. 
 (b) MII Retained Obligations. MII hereby agrees to continue to observe,
pay, perform, satisfy, fulfill and discharge any and all of its now existing and hereafter arising Obligations (other than B&W Obligations) (the “MII Retained Obligations”) in accordance with the terms of this Agreement and the
applicable Existing Policy and Existing Insurance Agreement. 
 (c) MII Assumption.
Notwithstanding anything in any Existing Insurance Agreement or Existing Policy to the contrary, each B&W Entity that is a signatory hereto hereby transfers and assigns, and MII does hereby assume, effective as of the Assumption Time, the MII
Obligations; and MII hereby agrees to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of any B&W Entity under the Existing
Policies and Existing Insurance Agreements in respect of the MII Obligations (the “MII Assumption”). The Company, on its own behalf and on behalf of the ACE Affiliates, hereby consents to, and agrees to give full force and effect
to, the MII Assumption. From and after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements

  

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in respect of the MII Obligations against MII to the same extent such Person could, prior to the MII Assumption, enforce such rights against the applicable B&W Entity and (ii) releases
each B&W Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such MII Obligations. 

(d) B&W Retained Obligations. B&W hereby agrees to continue to observe, pay, perform,
satisfy, fulfill and discharge any and all of its now existing and hereafter arising Obligations (other than MII Obligations) (the “B&W Retained Obligations”) in accordance with the terms of this Agreement and the applicable
Existing Policy and Existing Insurance Agreement. 
 (e) Obligations of the Company and the
ACE Affiliates. For the avoidance of doubt, the Parties acknowledge that nothing in this Agreement shall discharge, limit or in any way affect the obligations of the Company or the ACE Affiliates as insurers under any of the Existing Policies.
Such obligations shall continue to be performed to the extent and in the manner set forth in the applicable Existing Policy by the Company and/or by the ACE Affiliates, as the case may be, for the benefit of such Persons who are entitled to such
performance under the applicable Existing Policy, provided, however, that to the extent that such performance gives rise to Obligations, the responsibility for such Obligations shall be governed by this Agreement. 

(f) Existing ESIS Agreements. The Parties shall use commercially reasonable efforts to enter into
an agreement with ESIS promptly after the date hereof pursuant to which ESIS shall acknowledge and consent to the B&W Assumption and the MII Assumption and the other provisions of this Agreement with respect to determining any MII Obligations,
MII Retained Obligations, B&W Obligations or B&W Retained Obligations (or allocations thereof) in respect of any Existing ESIS Agreement. 

3. Joinder. As of the Effective Date, (a) to the extent that B&W is not already a party thereto
and an Existing Insurance Agreement contains any B&W Obligations, each Existing Insurance Agreement is hereby deemed amended to add B&W as an “Insured” or other such obligor thereunder solely to the extent necessary to give effect
to the B&W Assumption and (b) to the extent that MII is not already a party thereto and an Existing Insurance Agreement contains any MII Obligations, each Existing Insurance Agreement is hereby deemed amended to add MII as an
“Insured” or other such obligor thereunder solely to the extent necessary to give effect to the MII Assumption. 

4. Allocation. 

(a) Company Designations. (i) MII shall continue to pay or perform any and all Obligations
constituting MII Retained Obligations pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such Obligations and (ii) B&W shall continue to pay or perform
any and all Obligations constituting B&W Retained Obligations pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such Obligations; provided,
however, that in each case, MII and B&W shall provide to the Company on a timely basis such information as the Company may request so that the Company may determine whether the Obligations constitute MII Retained Obligations or B&W
Retained Obligations. The Company shall determine whether such Obligations constitute MII Retained Obligations or B&W Retained Obligations (the “Company Designation”) and shall notify the applicable Party of any such Company
Designation. With respect to the Obligations arising out of or relating to the Foreign Policies or the Foreign Insurance Agreements, if the Company is unable to make a determination as to whether any such Obligations constitute MII Retained
Obligations or B&W Retained Obligations based upon the information available to the Company, the Company will deem the Company Designation for such Obligations to be MII Retained Obligations. B&W agrees that, notwithstanding any dispute or
disagreement it may have with respect to any Company Designation, it will pay any B&W Retained Obligation pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to
such B&W Retained Obligation; and MII agrees that, notwithstanding any dispute or disagreement it may have with respect to any Company Designation, it will pay such MII Retained Obligation pursuant to and in the manner set forth in the
applicable Existing Policy and the applicable Existing Insurance 
  

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Agreement giving rise to such MII Retained Obligation; provided, however, that such payment shall not be construed as prejudicial to either Party in any dispute between MII and
B&W with respect to any such Company Designation. 
 (b) Disputes. Notwithstanding any
dispute or disagreement between MII and B&W concerning a Company Designation, the applicable Party shall pay any amount payable pursuant to a Company Designation as set forth in Section 4(a), and any such dispute or disagreement between MII
and B&W shall be resolved pursuant to Article V of the Master Separation Agreement; provided, that (i) until the Master Separation Agreement is executed and delivered by all parties thereto, the reference to such agreement
herein shall be deemed to refer to the draft thereof dated as of April 28, 2010; (ii) the Company will not be made a party to any arbitration proceeding arising from such dispute or disagreement, but may be called as a witness;
(iii) any costs incurred by the Company in respect of any such arbitration proceeding will be fully reimbursed to the Company equally by the Disputing Parties promptly following receipt of a reimbursement demand from the Company;
(iv) under no circumstances will MII or B&W, as a result of such arbitration proceeding, require the Company to return any amount received by the Company pursuant to a prior Company Designation, whether such amount was received as a result
of the Company’s draw against security posted for its benefit or otherwise, and (v) the Company shall comply with the allocation or other resolution of such dispute established by any award or order of such arbitration, or settlement
between the Disputing Parties; and (vi) any indemnification and reimbursement of the Company by B&W and MII pursuant to this Agreement, the Existing Policies and the Existing Insurance Agreements and any other agreement relating to the
disputed Company Designation shall be in accordance with the allocation established by such award, order or settlement of such dispute. 

5. Collateral and Fee. 

(a) MII LOC. 

(i) MII will, within fifteen (15) days after the Effective Date, provide to the Company, as
beneficiary thereof, (A) cash collateral in an amount of $687,236 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (other than the Foreign Insurance Agreements and Foreign Policies) and
(B) cash collateral in an amount of $6,074,640 in respect of the Foreign Insurance Agreements and Foreign Policies (such cash collateral individually and collectively being referred to herein as the “MII Cash Collateral”). The
Company shall return the MII Cash Collateral to MII promptly upon receipt of the MII LOC as set forth below. MII will, within fifteen (15) days after July 1, 2010, provide to the Company, as beneficiary thereof, (A) a clean,
irrevocable and unconditional letter of credit in an amount of $687,236 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (other than the Foreign Insurance Agreements and Foreign Policies) and (B) a
clean, irrevocable and unconditional letter of credit in an amount of $6,074,640 in respect of the Foreign Insurance Agreements and Foreign Policies (each such letter of credit individually and collectively being referred to herein as the
“MII LOC”), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit from time to time. The MII LOC shall be in an
aggregate amount that is less than the aggregate amount of the Existing Collateral provided by MII and shall secure the MII Retained Obligations and the Obligations assumed by MII in the MII Assumption (the “MII Assumed
Obligations”). 
 (ii) The MII LOC shall be “evergreen,” meaning that it shall
provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to the MII LOC’s anniversary date. If the Company
permits MII to provide collateral in a form other than the MII LOC, MII shall provide such collateral in an amount and form acceptable to the Company. 

(iii) MII shall keep the MII LOC in place (or other collateral acceptable to the Company) as security for
payment of the MII Retained Obligations and the MII Assumed Obligations, until the 
  

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Company determines in its sole discretion that there is no longer any need for such collateral. If there shall be a material deterioration in the financial condition of the bank or other
financial institution which has issued the MII LOC, the Company shall have the right to require MII to replace the MII LOC with a new letter of credit with similar terms issued by a bank or other financial institution then acceptable to the Company.

 (iv) The Company shall have the right to draw against the MII LOC and/or other collateral in
each instance where any portion of the MII Retained Obligation or the MII Assumed Obligations for any reason is not fulfilled in the manner and within the time periods required under this Agreement or the Existing Policies or Existing Insurance
Agreements giving rise thereto. 
 (v) Annually, the Company shall review and redetermine the
amount of the MII Retained Obligations and the MII Assumed Obligations and the amount of collateral security required pursuant to this Agreement. At such time, MII will provide its most recent audited financial statements, interim financial
statements, and any other financial information reasonably requested by the Company for the purpose of evaluating the financial condition of MII. MII will provide any needed increases in the amount of the MII LOC (and/or other collateral if
acceptable to the Company) within thirty (30) days of the Company’s written request for any additional required amount of the MII LOC. The Company will effect any decreases in the amount of the MII LOC (and/or other collateral) promptly,
provided that MII is not in breach of any of its obligations under this Agreement, the Existing Policies or any Existing Insurance Agreement. 

(b) B&W LOC. 

(i) B&W will, within fifteen (15) days after the Effective Date, provide to the Company, as
beneficiary thereof, (A) a clean, irrevocable and unconditional letter of credit in an amount of $33,828,776 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (other than the Foreign Insurance
Agreements and Foreign Policies) and (B) a clean, irrevocable and unconditional letter of credit in an amount of $200,000 in respect of the Foreign Insurance Agreements and Foreign Policies (each such letter of credit individually and
collectively being referred to herein as the “B&W LOC”), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit from
time to time. The B&W LOC shall be in an aggregate amount that is less than the aggregate amount of the Existing Collateral provided by B&W and shall secure the B&W Retained Obligations and the Obligations assumed by B&W in the
B&W Assumption (the “B&W Assumed Obligations”). 
 (ii) The B&W LOC
shall be “evergreen,” meaning that it shall provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to
the B&W LOC’s anniversary date. If the Company permits B&W to provide collateral in a form other than the B&W LOC, B&W shall provide such collateral in an amount and form acceptable to the Company. 

(iii) B&W shall keep the B&W LOC in place (or other collateral acceptable to the Company) as
security for payment of the B&W Retained Obligations and the B&W Assumed Obligations, until the Company determines in its sole discretion that there is no longer any need for such collateral. If there shall be a material deterioration in the
financial condition of the bank or other financial institution which has issued the B&W LOC, the Company shall have the right to require B&W to replace the B&W LOC with a new letter of credit with similar terms issued by a bank or other
financial institution then acceptable to the Company. 
 (iv) The Company shall have the right to
draw against the B&W LOC and/or other collateral in each instance where any portion of the B&W Retained Obligations or the B&W Assumed Obligations for any reason is not fulfilled in the manner and within the time periods required under
this Agreement or the Existing Policies or Existing Insurance Agreements giving rise thereto. 
  

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 (v) Annually, the Company shall review and redetermine the
amount of the B&W Retained Obligations and the B&W Assumed Obligations and the amount of collateral security required pursuant to this Agreement. At such time, B&W will provide its most recent audited financial statements, interim
financial statements, and any other financial information reasonably requested by the Company for the purpose of evaluating the financial condition of B&W. B&W will provide any needed increases in the amount of the B&W LOC (and/or other
collateral if acceptable to the Company) within thirty (30) days of the Company’s written request for any additional required amount of the B&W LOC. The Company will effect any decreases in the amount of the B&W LOC (and/or other
collateral) promptly, provided that B&W is not in breach of any of its obligations under this Agreement, the Existing Policies or any Existing Insurance Agreement. 

(c) Substituted Collateral. Notwithstanding anything in any Existing Policy or Existing Insurance
Agreement to the contrary, the Parties, each B&W Entity that is a party hereto and each MII Entity that is a party hereto hereby agree that, upon receipt of the Substituted Collateral as set forth in Section 5(a)(i) and 5(b)(i), the
Existing Collateral shall be replaced with such Substituted Collateral and, accordingly, shall be released by the Company and the ACE Affiliates. 

(d) Fee. No later than fifteen (15) days after the Effective Date, MII shall pay to the
Company the Fee, which shall be paid pursuant to the Company’s wire instructions as provided to MII in writing prior to the date such Fee is payable. 

6. Existing Collateral. The Substituted Collateral required to be provided by MII and B&W hereunder
shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions
applied to the Existing Collateral thereunder. 
 7. Security Interest. Each of MII and B&W
will separately provide (or have provided) to the Company and ESIS, from time to time, funds to be credited to paid loss deposit funds, deductible funds and/ or loss funds (collectively, “Cash Collateral”) that the Company or ESIS
shall hold pursuant to the Existing Insurance Agreements with respect to the MII Retained Obligations and the MII Assumed Obligations, in the case of MII, and with respect to the B&W Retained Obligations and the B&W Assumed Obligations, in
the case of B&W. Each of MII and B&W hereby grant to the Company, for its benefit and the benefit of the ACE Affiliates, a continuing first priority security interest in and lien on all of their respective right, title and interest, if any,
in and to the Cash Collateral and all proceeds thereof as security for their now existing and hereafter arising Obligations to the Company or such ACE Affiliates. The Company shall hold the Cash Collateral in accordance with the terms of the
applicable Existing Insurance Agreement pursuant to which such Cash Collateral was provided to the Company or the applicable ACE Affiliate. The Company shall have the sole and exclusive right, and is hereby authorized, to use the Cash Collateral to
pay any and all Obligations of MII and/or B&W in accordance with the Company Designation in accordance with the terms of the applicable Existing Insurance Agreement and this Agreement. 

8. Billing. On and after the Effective Date, the Company (or any third party administrator acting on behalf
of the Company in respect of an Existing Policy) will, in each case in accordance with the billing procedures set forth in the applicable Existing Policy and Existing Insurance Agreement: 

(a) bill MII directly for the MII Retained Obligations and the MII Assumed Obligations; and 

(b) bill B&W directly for the B&W Retained Obligations and the B&W Assumed Obligations.

 9. Amendments. Neither this Agreement nor any provision hereof may be amended, changed, waived,
discharged or terminated except by a written instrument signed by the Company, B&W, MII and each other Party, if any, against whom enforcement of such amendment, change, waiver, discharge or termination is sought. 

 

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 10. Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation hereunder may be assigned or conveyed by any Party without the prior written consent of the other
Parties, which consent shall not be unreasonably withheld. 
 11. [Intentionally Omitted]. 

12. No Waiver. The failure or refusal by any Party to exercise any rights granted hereunder shall not
constitute a waiver of such rights or preclude the subsequent exercise thereof, and no oral communication shall be asserted as a waiver of any such rights hereunder unless such communication shall be confirmed in a writing plainly expressing an
intent to waive such rights and signed by the Party against whom such waiver is asserted. 
 13.
Counterparts. This Agreement may be executed in any number of counterparts each of which when so executed and delivered shall constitute an original, but such counterparts together shall constitute one and the same agreement. The exchange
of copies of this Agreement and of signature pages by facsimile transmission or by electronic mail shall constitute effective execution and delivery of this Agreement as to the Parties and may be used in lieu of the original Agreement for all
purposes. Signatures of the Parties and other Persons signatory hereto transmitted by facsimile or by electronic mail shall be deemed to be their original signatures for all purposes. 

14. No Third Party Beneficiary. This Agreement shall not be deemed to give any right or remedy to any third
party whatsoever unless otherwise specifically granted hereunder. 
 15. Parties’
Representations. As of the Effective Date, each of the Parties expressly represents on its own behalf: (a) it is an entity in good standing in its jurisdiction of organization; (b) it has all requisite corporate power and authority
to enter into this Agreement, and to perform its obligations hereunder; (c) the execution and delivery by it of this Agreement, and the performance by it of its obligations under this Agreement, have been duly authorized by all necessary
corporate or other action; (d) this Agreement, when duly executed and delivered by it, and subject to the due execution and delivery hereof by the other Parties, will be a valid and binding obligation of it, enforceable against it, its
successors and permitted assigns, in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles; (e) the
execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby in accordance with the respective terms and conditions hereof will not (i) violate any provision of its Organizational Documents,
(ii) violate any applicable order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against it, or binding upon it, or any agreement with, or condition imposed by, any governmental or regulatory
body, foreign or domestic, binding upon it as of the date hereof, or (iii) violate any agreement, contract, obligation, promise or undertaking that is legally binding and to which it is a party or by which it is bound; and (f) the
signatory hereto on behalf of it is duly authorized and legally empowered to enter into this Agreement on its behalf. 
  

 9 

 16. Notices. Any and all notices, requests, approvals,
authorizations, consents, instructions, designations and other communications that are required or permitted to be given pursuant to this Agreement shall be in writing and may be given either by personal delivery, first class prepaid post (airmail
if to another country) or by internationally recognized overnight delivery service to the following address, or to such other address and recipient as such Party may have notified in accordance with the terms of this section as being its address or
recipient for notification for the purposes of this Agreement: 
  

					
	If to the Company	  	 ACE American Insurance Company

225 E. John Carpenter Freeway, Suite 1300

Irving, TX 75062

		  	 Attention:
	  	 Underwriting Manager

ACE Risk Management

			
		  	 Telephone:
	  	 (972) 465.7500

		  	 Facsimile:
	  	 (972) 465.7826

		
	If to any MII Entity:	  	 McDermott International, Inc.

757 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 VP and Chief Risk Officer (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5785

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 twoodard@mcdermott.com

		
	If to any B&W Entity:	  	 Prior to the Separation:

		
		  	 Babcock & Wilcox Holdings, Inc.

800 Main Street

Lynchburg, Virginia 24504

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

		  	 Telephone:
	  	 434-522-6800

			
		  	 with a copy to:
	  	
		  	 McDermott International, Inc.

777 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5476

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 cjryan@mcdermott.com

		
		  	 On and After the Separation:

		
		  	 The Babcock & Wilcox Company

The Harris Building

13024 Ballantyne Corporate Place, Suite 700

Charlotte, North Carolina

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

Any notice or communication to any Person shall be deemed to be received by that Person: 

(A) upon personal delivery; or 

(B) upon receipt if sent by mail or courier. 

 

 10 

 17. Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the Commonwealth of Pennsylvania without regard to those provisions concerning conflicts of laws that would result in the application of the laws of any other jurisdiction. 

18. Entire Agreement. This Agreement, together with the Existing Policies and Existing Insurance
Agreements, constitute the entire agreement among all of the Parties and supersedes all other prior agreements and understandings, both written and oral, with respect to the subject matter hereof. 

19. Dispute Resolution. If a dispute between either MII or B&W, on the one hand, and the Company or any
ACE Affiliate, on the other hand, involves rights or obligations arising under this Agreement, or any of the Existing Policies or Existing Insurance Agreements, the arbitration provisions in the most recent Existing Insurance Agreement referenced in
Exhibit II shall govern the resolution of the entire dispute in all respects. In any such arbitration brought by or against MII or B&W, the other of B&W or MII, as applicable, shall have right to associate effectively in the defense and/or
prosecution of such arbitration. 
 20. Severability. If any term or other provision of this
Agreement or the Exhibits attached hereto is determined by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to effect the original intent of the Parties as closely as possible in an
acceptable manner to the end that transactions contemplated hereby are fulfilled to the fullest extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is
enforceable. 
 21. Rules of Construction. The definitions of terms used herein shall apply
equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise
(a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified,
(b) any reference herein to any law shall be construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to
include such Person’s successors and assigns (subject to the restrictions contained herein), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word “to” means “to and
including” and (f) any reference herein to Articles, Sections and Exhibits shall be construed to refer to Articles and Sections of, and Exhibits to, this Agreement. No provision of this Agreement shall be interpreted or construed against
any Person solely because such Person or its legal representative drafted such provision. 
 [Remainder of Page Intentionally
Left Blank] 
  

 11 

 IN WITNESS WHEREOF, the Parties intending to be legally bound hereby have
executed this Agreement, by their duly authorized representatives. 
  

			
	 ACE AMERICAN INSURANCE COMPANY,

on behalf of itself and the ACE Affiliates

		
	 By:
	 	 /S/    LAURA
VEST        

	 Name:
	 	Laura Vest
	 Title:
	 	Vice President
	
	MCDERMOTT INTERNATIONAL, INC.
		
	 By:
	 	 /S/    LIANE K.
HINRICHS        

	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Senior Vice President
	
	BABCOCK & WILCOX HOLDINGS, INC.
		
	 By:
	 	 /S/    MICHAEL S.
TAFF        

	 Name:
	 	Michael S. Taff
	 Title:
	 	Senior Vice President

Signature Page to Assumption and Loss Allocation Agreement 

 ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTIONS 2, 3 and 5(c):

  

			
	B&W ENTITIES:
	
	AMERICON EQUIPMENT SERVICES, INC.
	
	AMERICON, INC.
	
	APPLIED SYNERGISTICS, INC.
	
	BABCOCK & WILCOX CANADA LTD.
	
	BABCOCK & WILCOX CHINA HOLDINGS, INC.
	
	BABCOCK & WILCOX CONSTRUCTION CO., INC.
	
	BABCOCK & WILCOX DE MONTERREY, S.A. DE C.V.
	
	BABCOCK & WILCOX DENMARK HOLDINGS, INC.
	
	BABCOCK & WILCOX EBENSBURG POWER, INC.
	
	BABCOCK & WILCOX EQUITY INVESTMENTS, INC.
	
	BABCOCK & WILCOX INDIA HOLDINGS, INC.
	
	BABCOCK & WILCOX INTERNATIONAL SALES AND SERVICE CORPORATION
	
	BABCOCK & WILCOX INTERNATIONAL, INC.
		
	 By:
	 	 /S/    BENJAMIN H.
BASH        

	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	 BABCOCK & WILCOX MODULAR

NUCLEAR ENERGY LLC

	
	BABCOCK & WILCOX NUCLEAR OPERATIONS GROUP, INC.
	
	 BABCOCK & WILCOX NUCLEAR ENERGY,

INC.

	
	 BABCOCK & WILCOX NUCLEAR

SERVICES (U.K.) LIMITED

	
	 BABCOCK & WILCOX TECHNICAL

SERVICES CLINCH RIVER, LLC

	
	 BABCOCK & WILCOX POWER

GENERATION GROUP, INC.

	
	 BABCOCK & WILCOX TECHNICAL

SERVICES GROUP, INC.

	
	 BABCOCK & WILCOX TECHNICAL

SERVICES SAVANNAH RIVER COMPANY

	
	BABCOCK & WILCOX VOLUND A/S
	
	BCE PARTS LTD.
	
	BWX TECHNOLOGIES, INC.
	
	BWXT FEDERAL SERVICES, INC.
	
	BWXT HANFORD COMPANY
	
	BWXT OF IDAHO, INC.
	
	BWXT OF OHIO, INC.
	
	BWXT WASHINGTON, INC.
		
	 By:
	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	CREOLE INSURANCE COMPANY, LTD.
	
	DELTA POWER SERVICES, LLC
	
	DIAMOND OPERATING CO., INC.
	
	DIAMOND POWER AUSTRALIA HOLDINGS, INC.
	
	DIAMOND POWER CHINA HOLDINGS, INC.
	
	 DIAMOND POWER EQUITY INVESTMENTS,

INC.

	
	DIAMOND POWER INTERNATIONAL, INC.
	
	 DIAMOND POWER SPECIALTY

(PROPRIETARY) LIMITED

	
	DPS BERKELEY, LLC
	
	DPS CADILLAC, LLC
	
	DPS FLORIDA, LLC
	
	DPS GREGORY, LLC
	
	DPS LOWELL COGEN, LLC
	
	DPS MECKLENBURG, LLC
	
	DPS MICHIGAN, LLC
	
	DPS MOJAVE, LLC
	
	DPS SABINE, LLC
	
	GUMBO INSURANCE COMPANY, LTD.
		
	By:	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	INTECH INTERNATIONAL INC.
	
	INTECH, INC.
	
	IVEY-COOPER SERVICES, L.L.C.
	
	MARINE MECHANICAL CORPORATION
	
	NFS HOLDINGS, INC.
	
	NOG-ERWIN HOLDINGS, INC.
	
	NORTH COUNTY RECYCLING, INC.
	
	NUCLEAR FUEL SERVICES, INC.
	
	O&M HOLDING COMPANY
	
	SOFCO - EFS HOLDINGS LLC
		
	By:	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above
	
	 BABCOCK & WILCOX TECHNICAL

SERVICES (U.K.) LIMITED

		
	By:	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Joint Secretary

Signature Page to Assumption and Loss Allocation Agreement 

			
	B&W DE PANAMA, INC.
	
	 BABCOCK & WILCOX INTERNATIONAL

INVESTMENTS CO., INC.

	
	 BABCOCK & WILCOX INVESTMENT

COMPANY

		
	By:	 	/S/    MICHAEL S.
TAFF        
	 Name:
	 	Michael S. Taff
	 Title:
	 	Senior Vice President, of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	 BABCOCK & WILCOX INDIA PRIVATE

LIMITED

	
	DIAMOND POWER SPECIALTY LIMITED
		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Assistant Secretary
	
	NATIONAL ECOLOGY COMPANY
		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Secretary
	
	DIAMOND POWER DO BRASIL LIMITADA

  

			
	DIAMOND POWER INTERNATIONAL, INC.
	
	 BABCOCK & WILCOX

INTERNATIONAL SALES AND
 SERVICE
CORPORATION
 (as Shareholders of Diamond Power do

Brasil Limitada)

		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Assistant Secretary of each of the Shareholders

Signature Page to Assumption and Loss Allocation Agreement 

			
	P. T. BABCOCK & WILCOX ASIA
	
	 SERVICIOS DE FABRICACION DE VALLE

SOLEADO, S.A. DE C.V.

	
	 SERVICOS PROFESIONALES DE VALLE

SOLEADO, S.A. DE C.V.

		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary

Signature Page to Assumption and Loss Allocation Agreement 

			
	 DIAMOND POWER CENTRAL & EASTERN

EUROPE S.R.O.

	
	DIAMOND POWER FINLAND OY
		
	By:	 	/S/    JUHA K.
MUSTONEN        
	 Name:
	 	Juha K. Mustonen
	 Title:
	 	Managing Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	 DIAMOND POWER MACHINE (HUBEI) CO.,

INC.

		
	By:	 	/S/    DAVID R.
GIBBS        
	 Name:
	 	David R. Gibbs
	 Title:
	 	Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	DIAMOND POWER SWEDEN AB
		
	By:	 	/S/    MIKA J.
HAIKOLA        
	 Name:
	 	Mika J. Haikola
	 Title:
	 	Managing Director

Signature Page to Assumption and Loss Allocation Agreement 

 ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTIONS 2, 3 and 5(c):

  

			
	MII ENTITIES:
	
	 CHARTERING COMPANY (SINGAPORE)

PTE. LTD.

	
	 J. RAY MCDERMOTT (QINGDAO) PTE.

LTD.

	
	 J. RAY MCDERMOTT ASIA PACIFIC PTE.

LTD.

	
	MALMAC SDN. BHD.
	
	 MCDERMOTT (MALAYSIA) SENDIRIAN

BERHAD

		
	By:	 	/S/    JEFF J.
HIGHTOWER        
	 Name:
	 	Jeff J. Hightower
	 Title:
	 	Director of each of the above
	
	BOUDIN INSURANCE COMPANY, LTD.
	
	 J. RAY MCDERMOTT EASTERN

HEMISPHERE LIMITED

	
	LAGNIAPPE INSURANCE COMPANY, LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Assistant Secretary, of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	J. RAY MCDERMOTT UK LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Joint Secretary
	
	EASTERN MARINE SERVICES, INC.
	
	 GLOBAL ENERGY - MCDERMOTT

LIMITED

	
	HYDRO MARINE SERVICES, INC.
	
	J. RAY MCDERMOTT (CASPIAN), INC.
	
	J. RAY MCDERMOTT (NIGERIA) LTD.
	
	J. RAY MCDERMOTT (NORWAY), AS
	
	 J. RAY MCDERMOTT CANADA HOLDING,

LTD.

	
	J. RAY MCDERMOTT CANADA, LTD.
	
	J. RAY MCDERMOTT CONTRACTORS, INC.
	
	 J. RAY MCDERMOTT DE MEXICO, S.A. DE

C.V.

		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	
	J. RAY MCDERMOTT ENGINEERING SERVICES PRIVATE LIMITED
	
	J. RAY MCDERMOTT ENGINEERING, LLC
	
	J. RAY MCDERMOTT FAR EAST, INC.
	
	 J. RAY MCDERMOTT INTERNATIONAL,

INC.

	
	 J. RAY MCDERMOTT INTERNATIONAL

VESSELS, LTD.

	
	J. RAY MCDERMOTT INVESTMENTS B.V.
	
	J. RAY MCDERMOTT KAZAKHSTAN LLP
	
	 J. RAY MCDERMOTT LOGISTIC SERVICES

PVT. LIMITED

	
	J. RAY MCDERMOTT MIDDLE EAST, INC.
	
	J. RAY MCDERMOTT SOLUTIONS, INC.
	
	J. RAY MCDERMOTT TECHNOLOGY, INC.
	
	 J. RAY MCDERMOTT UNDERWATER

SERVICES, INC.

	
	 J. RAY MCDERMOTT WEST AFRICA

HOLDINGS, INC.

	
	J. RAY MCDERMOTT WEST AFRICA, INC.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	
	 MCDERMOTT CASPIAN CONTRACTORS,

INC.

	
	MCDERMOTT FAR EAST, INC.
	
	 MCDERMOTT GULF OPERATING

COMPANY, INC.

	
	MCDERMOTT INTERNATIONAL B.V.
	
	 MCDERMOTT INTERNATIONAL

INVESTMENTS CO., INC.

	
	 MCDERMOTT INTERNATIONAL MARINE

INVESTMENTS N.V.

	
	 MCDERMOTT INTERNATIONAL TRADING

CO., INC.

	
	 MCDERMOTT INTERNATIONAL VESSELS,

INC.

	
	 MCDERMOTT MARINE MEXICO, S.A. DE

C.V.

	
	 MCDERMOTT OFFSHORE SERVICES

COMPANY, INC.

	
	MCDERMOTT OLD JV OFFICE, INC.
	
	 MCDERMOTT OVERSEAS INVESTMENT

CO. N.V.

	
	MCDERMOTT OVERSEAS, INC.
	
	MCDERMOTT TRADE CORPORATION
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	 MENTOR SUBSEA TECHNOLOGY

SERVICES, INC.

	
	NORTH ATLANTIC VESSEL, INC.
	
	 OFFSHORE PIPELINES INTERNATIONAL,

LTD.

	
	OPI VESSELS, INC.
	
	OPMI, LTD.
	
	SABINE RIVER REALTY, INC.
	
	 SERVICIOS DE FABRICACION DE

ALTAMIRA, S.A. DE C.V.

	
	 SERVICOS PROFESIONALES DE

ALTAMIRA, S.A. DE C.V.

	
	SPARTEC, INC.
	
	VARSY INTERNATIONAL N.V.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above
	
	MCDERMOTT KFT.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Managing Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	 J. RAY MCDERMOTT (AUST.) HOLDING

PTY. LIMITED

	
	MCDERMOTT AUSTRALIA PTY. LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Corporate Officer of each of the above
	
	MCDERMOTT INCORPORATED
	
	MCDERMOTT PANAMA HOLDINGS, S.A.
	
	J. RAY MCDERMOTT HOLDINGS, LLC
	
	J. RAY MCDERMOTT, INC.
	
	J. RAY MCDERMOTT, S.A.
	
	MCDERMOTT CAYMAN LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Senior Vice President of each of the above
	
	 MCDERMOTT INTERNATIONAL

MARKETING, INC.

		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	President

Signature Page to Assumption and Loss Allocation Agreement 

					
	FLOATEC, LLC
		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Assistant Secretary
	
	MCDERMOTT HOLDINGS (U.K.) LIMITED
	
	 MCDERMOTT MARINE CONSTRUCTION

LIMITED

		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Joint Secretary of each of the above
	
	 MCDERMOTT SERVICOS DE

CONSTRUCAO, LTDA.

		
		 	J. RAY MCDERMOTT INC.
		
		 	 MCDERMOTT OVERSEAS, INC.,

(as Shareholders)

			
		 	By:	 	/S/    ROBERT E.
STUMPF        
		 	 Name:
	 	Robert E. Stumpf
		 	 Title:
	 	Assistant Secretary
	
	OFFSHORE PIPELINES SDN. BHD.
		
		 	 OFFSHORE PIPELINES SDN. BLD.

(as Sole Shareholder)

			
		 	By:	 	/S/    ROBERT E.
STUMPF        
		 	 Name:
	 	Robert E. Stumpf
		 	 Title:
	 	Assistant Secretary

Signature Page to Assumption and Loss Allocation Agreement 

			
	INTERNATIONAL VESSELS LTD.
		
	By:	 	/S/    STEVEN W.
ROLL        
	 Name:
	 	Steven W. Roll
	 Title:
	 	Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	PT. BAJA WAHANA INDONESIA
		
	By:	 	/S/    SCOTT
CUMMINS        
	 Name:
	 	Scott Cummins
	 Title:
	 	President Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	SINGAPORE HUANGDAO PTE. LTD.
		
	By:	 	/S/    ROCKNE L.
MOSELEY        
	 Name:
	 	Rockne L. Moseley
	 Title:
	 	Director

Signature Page to Assumption and Loss Allocation Agreement 

 EXHIBIT I – B&W ENTITIES 

See Schedule 1.1(a) and Schedule 1.1(c) attached hereto. No B&W Entity listed on Schedule 1.1(a) shall be deemed to be an
“Insured”, a “Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Insurance Agreement solely by virtue of being listed on such Schedule 1.1(a). 

 6/2/2010 

Schedule 1.1(a) 

B&W FORMER 
  

			
	 Reference ID
	  	 Name

	333	  	 Ahahsain Hudson Heat Transfer Co. Ltd.

	398	  	 Advanced Refractory Technologies, Inc.

		  	 A.M. Lockett & Co., Limited

		  	 Amcermet Corporation

	924	  	 ASEA Babcock

	235	  	 Ash Acquisition Company

	326	  	 B & W Clarion, Inc.

	574	  	 B&W Ebensburg Pa., Inc.

	460	  	 B&W Energy Investments, Inc.

	383	  	 B&W Fort Worth Power, Inc.

	950	  	 B&W Fuel Company

	535	  	 B&W Fuel, Inc.

	922	  	 B&W Mexicana, S.A. de C.V.

	9991	  	 B&W North Branch G.P., Inc.

	9990	  	 B&W North Branch L.P., Inc.

	537	  	 B&W Nuclear Service Company

	960	  	 B&W Nuclear Service Company

	536	  	 B&W Nuclear, Inc.

	586	  	 B&W Saba, Inc.

	591	  	 B&W Service Company

	579	  	 B&W SOFC G.P., Inc.

	578	  	 B&W SOFC L.P., Inc.

	381	  	 B&W Special Projects, Inc.

	569	  	 B&W Triso Corporation

		  	 B&W Tubular Products Limited

	573	  	 B&W/OHM Weldon Spring, Inc.

	212	  	 Babcock & Wilcox Asia Investment Co., Inc.

	115	  	 Babcock & Wilcox Asia Limited

	533	  	 Babcock & Wilcox Canada Leasing Ltd.

	503	  	 Babcock & Wilcox Canada Ltd.

	215	  	 Babcock & Wilcox China Investment Co., Inc.

	594	  	 Babcock & Wilcox do Brasil Limitada

	528	  	 Babcock & Wilcox do Brasil Participacoes Limitada

 

 1 

 6/2/2010 
  

			
	206	  	 Babcock & Wilcox Egypt SAE

	169	  	 Babcock & Wilcox Fibras Ceramicas Limitada

	519	  	 Babcock & Wilcox Finance, Inc.

	557	  	 Babcock & Wilcox Foreign Sales Corporation

	175	  	 Babcock & Wilcox Gama Kazan Teknolojisi A.S.

	552	  	 Babcock & Wilcox General Contracting Company

	565	  	 Babcock & Wilcox Government Services Company

	395	  	 Babcock & Wilcox HRSG Company

		  	 Babcock & Wilcox Industries, Ltd.

	531	  	 Babcock & Wilcox International Sales Corporation

	549	  	 Babcock & Wilcox International Sales Corporation

	342	  	 Babcock & Wilcox Investment Company

	305	  	 Babcock & Wilcox Jonesboro Power, Inc.

	2007	  	 Babcock & Wilcox Nevada, LLC

		  	 Babcock & Wilcox Refractories Limited

	323	  	 Babcock & Wilcox Salt City Power, Inc.

	543	  	 Babcock & Wilcox Services, Inc.

	322	  	 Babcock & Wilcox Tracy Power, Inc.

	314	  	 Babcock & Wilcox Victorville Power, Inc.

	727	  	 Babcock & Wilcox Volund France SAS

	315	  	 Babcock PFBC, Inc.

	559	  	 Babcock Southwest Construction Corporation

	945	  	 Babcock-Brown Boveri Reaktor GmbH

	936	  	 Babcock-Ultrapower Jonesboro

	937	  	 Babcock-Ultrapower West Enfield

	951	  	 Bailey Beijing Controls Co., Ltd.

	516	  	 Bailey Controls Australia Pty. Limited

	517	  	 Bailey Controls International Sales & Services Company, Inc.

	954	  	 Bailey Controls Jordan for Process Controls Services, Ltd.

	563	  	 Bailey Controls Sales & Service (Australia) Pty. Limited

	564	  	 Bailey Controls Sales & Services Canada Inc.

	561	  	 Bailey do Brasil Instrumentos Industriais Limitada

	114	  	 Bailey International, Inc.

	923	  	 Bailey Japan Company Limited

	542	  	 Bailey Meter and Controls Company

		  	 Bailey Meter Company

	562	  	 Bailey Meter Co. (Japan) Ltd.

  

 2 

 6/2/2010 
  

			
		  	 Bailey Meter Company Limited

		  	 Bailey Meter GmbH

	646	  	 Brick Insurance Company, Ltd.

	590	  	 BWXT Protec, Inc.

		  	 C.C. Moore & Company Engineers

	511	  	 Ceramatec G.P., Inc.

	510	  	 Ceramatec SOFC, Inc.

	329	  	 Clarion Energy, Inc.

	328	  	 Clarion Power Company

	321	  	 Conam Nuclear, Inc.

		  	 Control Components France

	514	  	 Control Components Italy S.R.L.

		  	 Control Components, Inc. (California)

		  	 Control Components, Inc. (Delaware)

	948	  	 Control Components Japan

	1914	  	 CTR Solutions, LLC

	545	  	 Detroit Broach & Machine Corporation

	551	  	 Diamond Blower Company Limited

		  	 Diamond Canapower Ltd.

	518	  	 Diamond Power Importacao e Exportacao Ltda.

	144	  	 Diamond Power Korea Inc.

	526	  	 Diamond Power Specialty (Japan) Ltd.

	558	  	 Diamond Power Specialty (Proprietary) Limited

	546	  	 Diamond Power Specialty Corporation (Delaware)

		  	 Diamond Power Speciality Corporation (Ohio)

	529	  	 Diamond Power Specialty GmbH

		  	 Diescher Tube Mills, Inc.

	332	  	 Ebensburg Energy, Inc.

	397	  	 Ejendomsaktieselskabet Falkevej2

	961	  	 Enserch Environmental Management Company, Inc.

	968	  	 EPC Business Trust

	919	  	 Especialidades Termomecanicas, S.A. de C.V.

	550	  	 Ferry-Diamond Engineering Company Limited

	928	  	 Fibras Ceramicas C.A.

	509	  	 Fibras Ceramicas, Inc.

	547	  	 Globe Steel Tubes Corporation

		  	 Greer Land Co.

  

 3 

 6/2/2010 
  

			
		  	 Holmes Insulations Limited

	124	  	 Hudson Heat Transfer International, Inc.

	1955	  	 Hudson HEI Pty. Ltd.

	914	  	 Hudson Northern Industries Inc.

	125	  	 Hudson Products Aktiebolag

	567	  	 Hudson Products Corporation (1)

	902	  	 Hudson Products de Mexico, S.A. de C.V.

	1907	  	 Integran Technologies Inc.

	461	  	 International Disarmament Corporation

	941	  	 Isolite Babcock Refractories Company, Ltd.

	927	  	 Isolite Eastern Union Refractories Co., Ltd.

	920	  	 KBW Gasification Systems, Inc.

	512	  	 LT Produkter i Skutskar AB

	938	  	 Maine Power Services

	345	  	 McDermott Heat Transfer Company

	344	  	 McDermott Productos Industriales de Mexico, S.A. de C.V.

	946	  	 Medidores Bailey, S.A. de C.V.

	942	  	 Morganite Ceramic Fibres Limited

	943	  	 Morganite Ceramic Fibres Pty. Limited

	944	  	 Morganite Ceramic Fibres S. A.

		  	 National Drill & Manufacturing Co.

	544	  	 National Ecology (Alabama) Incorporated

	575	  	 National Ecology (Utah) Incorporated

	976	  	 Nooter/Eriksen - Babcock & Wilcox, L.L.C.

	933	  	 North American CWF Partnership

	9989	  	 North Branch Power Company L.P.

	971	  	 North County Operations Associates

		  	 Nuclear Materials and Equipment Corporation

	958	  	 Olin Pantex Inc.

	1153	  	 P. T. Heat Exchangers Indonesia

	934	  	 Palm Beach Energy Associates

		  	 Piedmont Tool Machine Company

	576	  	 Power Computing Company

	581	  	 Power Systems Sunnyside Operations GP, Inc.

	583	  	 Power Systems Sunnyside Operations LP, Inc.

  

	(1)	 a Delaware Corporation 

  

 4 

 6/2/2010 
  

			
	905	  	 PowerSafety International, Inc.

	508	  	 Productos de Caolin, Inc.

	577	  	 PSO Caribbean, Inc.

	1980	  	 Savannah River Alliance LLC

	2008	  	 Savannah River Tactical Services LLC

	984	  	 SOFCo L.P.

	932	  	 South Point CWF

	556	  	 Sunland Construction Co., Inc.

	988	  	 Sunnyside Cogeneration Associates

	582	  	 Sunnyside II, Inc.

	992	  	 Sunnyside II, L.P

	303	  	 Sunnyside III, Inc.

	993	  	 Sunnyside Operations Associates L.P.

	571	  	 Termobloc Industria E Comercio Ltda.

	953	  	 Thermax Babcock & Wilcox Limited

	502	  	 TLT-Babcock, Inc.

	570	  	 Triso

	1152	  	 W.E. Smith Hudson Pty. Ltd.

	548	  	 W. F. and John Barnes Company

  

 5 

 Draft 6/2/2010 

Schedule 1.1(c) 

B&W CURRENT 
  

					
	 Reference ID
	  	 Name
	  	  
	553	  	 Americon Equipment Services, Inc.
	  	
	554	  	 Americon, Inc.
	  	
	732	  	 Applied Synergistics, Inc.
	  	
	127	  	 B&W de Panama, Inc.
	  	
	532	  	 Babcock & Wilcox Canada Ltd.
	  	
	1570	  	 Babcock & Wilcox China Holdings, Inc.
	  	
	555	  	 Babcock & Wilcox Construction Co., Inc.
	  	
	2011	  	 Babcock & Wilcox de Monterrey, S.A. de C.V.
	  	
	1571	  	 Babcock & Wilcox Denmark Holdings, Inc.
	  	
	327	  	 Babcock & Wilcox Ebensburg Power, Inc.
	  	
	302	  	 Babcock & Wilcox Equity Investments, Inc.
	  	
	1965	  	 Babcock & Wilcox Holdings, Inc.
	  	
	2028	  	 Babcock & Wilcox India Holdings, Inc.
	  	
	598	  	 Babcock & Wilcox India Private Limited
	  	
	126	  	 Babcock & Wilcox International Investments Co., Inc.
	  	
	530	  	 Babcock & Wilcox International Sales and Service Corporation
	  	
	541	  	 Babcock & Wilcox International, Inc.
	  	
	380	  	 Babcock & Wilcox Investment Company
	  	
	2010	  	 Babcock & Wilcox Modular Nuclear Energy LLC
	  	
	1974	  	 Babcock & Wilcox Nuclear Operations Group, Inc.
	  	
	1967	  	 Babcock & Wilcox Nuclear Energy, Inc.
	  	 (formerly Babcock & Wilcox Nuclear Power Generation Group, Inc.

	2018	  	 Babcock & Wilcox Nuclear Services (U.K.) Limited
	  	
	500	  	 Babcock & Wilcox Power Generation Group, Inc.
	  	
	1961	  	 Babcock & Wilcox Technical Services (U.K.) Limited
	  	
	1970	  	 Babcock & Wilcox Technical Services Clinch River, LLC
	  	
	572	  	 Babcock & Wilcox Technical Services Group, Inc.
	  	 (formerly BWXT Services, Inc.)

	587	  	 Babcock & Wilcox Technical Services Savannah River Company
	  	 (formerly BWXT Savannah River Company)

	599	  	 Babcock & Wilcox Volund A/S
	  	 (formerly Babcock & Wilcox Volund ApS)

	2000	  	 BCE Parts Ltd.
	  	
	596	  	 BWX Technologies, Inc.
	  	
	580	  	 BWXT Federal Services, Inc.
	  	
	589	  	 BWXT Hanford Company
	  	
	382	  	 BWXT of Idaho, Inc.
	  	

  

 1 

 Draft 6/2/2010 
  

					
	592	  	 BWXT of Ohio, Inc.
	  	
	1576	  	 BWXT Washington, Inc.
	  	
	189	  	 Creole Insurance Company, Ltd.
	  	
	1988	  	 Delta Power Services, LLC
	  	
	766	  	 Diamond Operating Co., Inc.
	  	
	1572	  	 Diamond Power Australia Holdings, Inc.
	  	
	1984	  	 Diamond Power Central & Eastern Europe s.r.o.
	  	
	1573	  	 Diamond Power China Holdings, Inc.
	  	
	521	  	 Diamond Power do Brasil Limitada
	  	
	1574	  	 Diamond Power Equity Investments, Inc.
	  	
	525	  	 Diamond Power Finland OY
	  	
	504	  	 Diamond Power Germany GmbH
	  	 (formerly Diamond Power - Sturm GmbH)

	597	  	 Diamond Power International, Inc.
	  	
	949	  	 Diamond Power Machine (Hubei) Co., Inc.
	  	
	1908	  	 Diamond Power Services S.E.A. Ltd.
	  	
	522	  	 Diamond Power Specialty (Proprietary) Limited
	  	
	523	  	 Diamond Power Specialty Limited
	  	
	524	  	 Diamond Power Sweden AB
	  	
	1990	  	 DPS Berkeley, LLC
	  	
	1997	  	 DPS Cadillac, LLC
	  	
	1995	  	 DPS Florida, LLC
	  	
	1993	  	 DPS Gregory, LLC
	  	
	1996	  	 DPS Lowell Cogen, LLC
	  	
	1992	  	 DPS Mecklenburg, LLC
	  	
	1991	  	 DPS Michigan, LLC
	  	
	1994	  	 DPS Mojave, LLC
	  	
	1998	  	 DPS Sabine, LLC
	  	
	278	  	 Gumbo Insurance Company, Ltd.
	  	
	2003	  	 Intech International Inc.
	  	
	2002	  	 Intech, Inc.
	  	
	2001	  	 Ivey-Cooper Services, L.L.C.
	  	
	1968	  	 Marine Mechanical Corporation
	  	
	540	  	 National Ecology Company
	  	
	2005	  	 NFS Holdings, Inc.
	  	
	2004	  	 NOG-Erwin Holdings, Inc.
	  	
	501	  	 North County Recycling, Inc.
	  	
	2006	  	 Nuclear Fuel Services, Inc.
	  	

  

 2 

 Draft 6/2/2010 
  

			
	1989	  	 O&M Holding Company

	707	  	 P. T. Babcock & Wilcox Asia

	534	  	 Palm Beach Resource Recovery Corporation

	560	  	 Power Systems Operations, Inc.

	568	  	 Revloc Reclamation Service, Inc.

	2013	  	 Servicios de Fabricacion de Valle Soleado, S.A. de C.V.

	2012	  	 Servicios Profesionales de Valle Soleado, S.A. de C.V.

	767	  	 SOFCo - EFS Holdings LLC

	2029	  	 The Babcock & Wilcox Company

  

 3 

 EXHIBIT II – EXISTING INSURANCE AGREEMENTS 

See Attached. 

																	
	 Name of Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	Effective
Date 
of
Agreement	 	 	 	 
	 Workers Compensation Residual Market Assessments Deductible WC Programs
	 	 McDermott International, Inc.
	 	 CIGNA Insurance Company of Texas
	 		 		 		 	1992	 		 	tf
	 High Deductible Agreement
	 	 McDermott Incorporated
	 	 Insurance Company of North America
	 		 		 		 	4/1/1981	 		 	tf
	 High Deductible Agreement
	 	 McDermott International
	 	 Insurance Company of North America
	 		 		 		 	4/1/1985	 		 	tf
	 High Deductible Agreement
	 	 McDermott International
	 	 Insurance Company of North America
	 		 		 		 	4/1/1986	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 	 INA of Texas
	 		 		 	4/1/1987	 	 Auto & GL only
	 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1988	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1989	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1990	 		 	tf
	 Cash Flow Deductible Workers’ Compensation Agreement
	 	 The Babcock & Wilcox Company
	 	 Insurance Company of North America
	 		 		 		 	4/1/1991	 		 	vm
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1991	 		 	tf
	 Workers Compensation Deductible Funding Agreement
	 	 Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1992	 		 	cp
	 Agreement for Workers Compensation Residual market Assessments
	 	 Cigna Insurance Companyof Texas
	 	 Babcock & Wilson Company
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1992	 		 	cp
	 Workers Compensation Deductible Funding Agreement
	 	 McDermott International, Inc.
	 	 CIGNA Insurance Company of Texas
	 		 		 		 	4/1/1992	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1992	 	 XS, Auto & GL
	 	tf
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1993	 		 	cp
	 Agreement for Workers Compensation Residual market Assessments Captive Program
	 	 Pacific Employers Insurance Company
	 	 Creole Insurance Company, Ltd
	 		 		 		 	4/1/1993	 		 	cp
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1993	 		 	tf
	 Collateral Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1993	 		 	tf
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1994	 		 	cp
	 Agreement for Workers compensation Redidual Market Assessments Captive Program
	 	 Pacific Employers Insurance Company
	 	 Creole Insurance Company, Ltd
	 		 		 		 	4/1/1994	 		 	cp
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1994	 		 	tf
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1995	 		 	cp
	 Agreement Regarding Additional Premiums
	 	 McDermott International, Inc.
	 	 Creole Insurance Company, Limited
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1995	 		 	cp
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1995	 		 	cp
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1995	 		 	tf
	 Addendum I Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1996	 		 	cp
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Bankers Standard Insurance Company
	 		 		 		 	4/1/1996	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1996	 		 	tf
	 Reinsurance Agreement
	 	 Honore Insurance Company Limited
	 	 CIGNA Insurance Company
	 		 		 		 	4/1/1997	 		 	cp
	 Reinsurance Agreement
	 	 Honore Insurance Company Limited
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1997	 		 	cp
	 Addendum III Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	4/1/1997	 		 	cp
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1997	 		 	tf
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Bankers Standard Insurance Company
	 		 		 		 	4/1/1997	 	 Addendum II to the 1996 agreement
	 	tf
	 Cash Flow Deductible Workers’ Compensation Program
	 	 McDermott International, Inc.
	 	 Hudson Companies
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1997	 		 	tf
	 Cash Flow High Deductible Program
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1997	 	 Auto & GL only
	 	tf
	 Specific Excess Workers’ Compensaiton & Employers’ Liability
	 	 McDermott International, Inc.
	 	 CIGNA Insurance Company
	 		 		 		 	4/1/1997	 		 	tf
	 Final Summary of Proposal
	 	 Aon Risk Services of Texas, Inc
	 	 Pacific Employers Ins/Bankers Standard Ins.
	 		 		 		 	4/1/1997	 	 Canadian Proposal included
	 	dc
	 Canadian Reinsurance Agreement
	 	 Honore Insuance Company Limited
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1997	 		 	dc
	 Addendum I - Canadian Reinsurance Agreement
	 	 Honore Insuance Company Limited
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1997	 		 	dc
	 Agreement Regarding Return Premiums
	 	 Babcock & Wilcox Company
	 	 Creole Insurance Company, Limited
	 	 CIGNA Insurance Company
	 	 Indemnity Insurance Company of North American
	 	 CIGNA Insurance Company of Canada
	 	7/28/1997	 		 	cp
	 Agreement Regarding Return Premiums
	 	 The Babcock & Wilcox Company
	 	 Creole Insurance Company, Limited
	 	 CIGNA Insurance Company
	 	 Indemnity Insurance Company of NA
	 	 CIGNA Insuarnce Company fo Canada
	 	7/28/1997	 		 	dc
	 Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1998	 		 	cp
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	cp
	 Addendum I Reinsurance Agreement
	 	 Honore Insurance Company Ltd
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1998	 		 	cp
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	cp
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company of Texas
	 		 		 	4/1/1998	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1998	 		 	tf
	 Cash Flow Deductible Workers’ Compensation Program
	 	 AON Risk Services of Texas, Inc.
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	tf
	 Cash Flow High Deductible Program
	 	 AON Risk Services of Texas, Inc.
	 	 Insurance Company of North America
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 	 Auto & GL only
	 	tf
	 Specific Excess Workers’ Compensaiton & Employers’ Liability
	 	 AON Risk Services of Texas, Inc.
	 	 CIGNA Insurance Company
	 		 		 		 	4/1/1998	 		 	tf
	 Assignment of Dividends
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1998	 		 	tf
	 TPA Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Co.
	 		 		 		 	4/1/1998	 		 	dc
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	dc
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	dc
	 Final Summary of Proposal
	 	 Aon Risk Services of Texas, Inc
	 	 Pacific Employers Insurance Co.
	 	 CIGNA Insurance Company
	 		 		 	4/1/1998	 	 Included: Cash Flow Ded. WC Program and Guaranteed Cost WC Program
	 	dc
	 Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1999	 		 	cp
	 Addendum I Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 	 ACE Insurance Company of Texas (formerly CIGNA Insurance company of Texas
	 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 04/01/00
	 	cp
	 Addendum II Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company of Texas
	 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 01/01/00
	 	cp
	 Addendum II to Reinsurance Agreement
	 	 Cigna Insurance Companyof Canada
	 	 Honore Insurance Company Limited
	 		 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 04/01/00
	 	cp
	 Addendum III to Reinsurance Agreeement
	 	 ACE INA Insurance (formely CIGNA Insurance Company of Canada
	 	 Honore Insurance Company Limited
	 		 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 01/01/00
	 	cp
	 Multi-Line Deductible Cash Flow Insurance
	 	 AON Risk Services of Texas, Inc.
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company
	 	 Insurance Company of North America
	 		 	4/1/1999	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1999	 		 	tf
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company of Texas
	 		 		 	4/1/1999	 		 	tf
	 Casualty Insurance Program Agreement - Addendum II
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 ACE Insurance Company of Texas (formerly CIGNA)
	 		 		 	4/1/1999	 	 changing expiration to 01/01/00
	 	tf
	 Assignment of Dividends
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 Hudson Companies
	 		 		 	4/1/1999	 		 	tf
	 Combined Miult-Line Program Agreement
	 	 Pacific Employers Insurance Company
	 	 Babcock & Wilson Company
	 		 		 		 	1/1/2000	 		 	cp
	 Addendum IV Reinsurance Agreement
	 	 ACE INA Insurance
	 	 Honore Insurance Company Limited
	 		 		 		 	1/1/2000	 		 	cp
	 Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	1/1/2000	 	 Addendum I to the 2000 term
	 	tf
	 Assignment of Dividends
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 Hudson Companies
	 		 		 	1/1/2000	 		 	tf
	 Addendum II Combined Multi-line Program Agreement
	 	 Pacific Employers Insurance Company
	 	 Babcock & Wilson Company
	 		 		 		 	1/1/2001	 		 	cp
	 Addendum V to Resinsurance Agreement
	 	 ACE INA Insurance
	 	 Honore Insurance Company Limited
	 		 		 		 	1/1/2001	 		 	cp
	 Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	1/1/2001	 		 	tf
	 Addendum IV to Combined Multi-Line Program Agreement
	 	 Pacific Employers Insurance Company
	 	 Babcock & Wilson Company
	 		 		 		 	1/1/2002	 		 	cp

													
	 Addendum VI to Reinsurance Agreement
	 	 ACE INA Insurance
	 	 Pirogue Insurance Company, Ltd
	 		 		 	1/1/2002	 	cp
	 Addendum V to Combined Multi-Line Program Agreement
	 	 Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	1/1/2003	 	cp
	 Addendum VII to Reinsurance Agreement
	 	 ACE INA Insurance
	 	 Pirogue Insurance Company, Ltd
	 		 		 	1/1/2003	 	cp
	 Addendum VI to Combined multi-Line Program
	 	 Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 	 ACE INA Insurance Company
	 	1/1/2004	 	cp
	 Addendum VII to Combined Multi-Line Program Agreement
	 	 Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance Company
	 		 	1/1/2005	 	cp
	 Addendum II to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 	1/1/2002	 	vm
	 Addendum IV to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	1/1/2003	 	vm
	 Addendum V to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	1/1/2004	 	vm
	 Addendum VI to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 		 		 	1/1/2005	 	vm
	 Casualty Program Binder
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 		 	1/1/2006	 	vm
	 Casualty Program Binder
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 		 	1/1/2007	 	vm
	 Casualty Program Binder
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 	 Indemnity Insurance Company of North America
	 	1/1/2008	 	vm
	 Casualty Program Proposal
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 	 Indemnity Insurance Company of North America
	 	1/1/2009	 	vm
	 Casualty Program Proposal
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 	 Indemnity Insurance Company of North America
	 	1/1/2010	 	vm
	 Casualty Program Binder
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 		 		 	1/1/2006	 	vm
	 Casualty Program Binder
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 		 		 	1/1/2007	 	vm
	 Casualty Program Binder
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Indemnity Insurance Company of North America
	 		 	1/1/2008	 	vm
	 Casualty Program Proposal
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Indemnity Insurance Company of North America
	 		 	1/1/2009	 	vm
	 Casualty Program Proposal
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Indemnity Insurance Company of North America
	 		 	1/1/2010	 	vm

 EXHIBIT III – EXISTING POLICIES 

See Attached. 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	 Effective Date
	  	Expiration Date	  	 Policy Number
	  	 Named Insured
	  	 Type of Policy
(LOB)
	  	 Issuing Company

	4/1/1977	  	4/1/1978	  	XWC 6858	  	J. Ray McDermott & Co., Inc.	  	XWC	  	INA
	4/1/1980	  	4/1/1981	  	XCP 143599	  	J. Ray McDermott & Company - See attachment 205	  	XGL	  	INA
	4/1/1982	  	4/1/1983	  	GLP 829719	  	Babcock & Wilcox Company - See attachment 164	  	GL	  	INA
	4/1/1982	  	4/1/1985	  	XCP 014414	  	Intermountain Power Agency Department of Water & Power City of Los Angeles	  	XGL	  	INA
	4/1/1983	  	4/1/1984	  	RSC C20704202	  	Babcock & Wilcox Company - See attachment 168	  	WC	  	INA - TX
	4/1/1983	  	4/1/1984	  	RSC C20704226	  	Babcock & Wilcox Company - See attachment 178	  	WC	  	Pacific Employers
	4/1/1983	  	4/1/1984	  	SCA 5914	  	The Babcock & Wilcox Company - See attachment 176	  	Auto	  	INA - TX
	4/1/1984	  	4/1/1985	  	RSC C22890785	  	TLT Babcock, Inc., a Joint Venture	  	WC	  	Pacific Employers
	3/8/1985	  	3/8/1986	  	GLP G05111523	  	Babcock & Wilcox Company	  	GL	  	INA
	3/8/1985	  	9/12/1985	  	NWC X1939718A	  	MMC - McDermott - See attachment 137	  	WC	  	INA
	4/1/1985	  	4/1/1986	  	RSC C19396812	  	Babcock & Wilcox Company - See attachment 274	  	WC	  	Cigna
	4/1/1985	  	4/1/1986	  	XCP G05111730	  	Commonwealth Edison Company	  	XGL	  	INA
	4/1/1985	  	4/1/1986	  	XCP G0511326A	  	Intermountain Power Agency Department of Water & Power City of Los Angeles	  	GL	  	INA
	4/21/1985	  	5/2/1985	  	GLP G05111766	  	Chevron USA	  	GL	  	INA
	6/30/1985	  	7/10/1985	  	GLP G05112588	  	Chevron USA	  	GL	  	INA
	4/1/1986	  	4/1/1987	  	CPO G03518656	  	Babcock & Wilcox Company	  	GL	  	INA
	4/1/1986	  	4/1/1987	  	CPO G05114329	  	Babcock & Wilcox Company - See attachment 187	  	GL	  	INA

  

 Page 1 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1986	  	4/1/1987	  	CPO G05114329	  	Babcock & Wilcox Company - See attachment 203	  	GL	  	INA
	4/1/1986	  	4/1/1990	  	XCE G0519622A	  	McDermott International, Inc.	  	XGL	  	Cigna
	4/1/1986	  	4/1/1987	  	XCP G05114184	  	Arco Oil & Gas Company	  	XGL	  	INA
	4/1/1987	  	4/1/1988	  	CPO G05115401	  	Babcock & Wilcox Company - See attachment 50	  	XGL	  	INA
	4/1/1987	  	4/1/1988	  	CPO G05115620	  	Babcock & Wilcox Company - See attachment 51	  	GL	  	INA ILL
	4/1/1987	  	4/1/1988	  	CPO G05115632	  	Babcock & Wilcox Company - See attachment 52	  	GL	  	INA Ohio
	4/1/1987	  	4/1/1988	  	CPO G05115978	  	Babcock & Wilcox Company	  	GL	  	INA
	4/1/1987	  	4/1/1988	  	SCA 010999	  	The Babcock & Wilcox Company - See attachment 119	  	Auto	  	INA
	4/1/1987	  	4/1/1988	  	XCE G05115735	  	McDermott International, Inc.	  	XGL	  	Cigna
	4/1/1988	  	4/1/1989	  	HDO G0519393A	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1988	  	4/1/1989	  	PLI 519745	  	McDermott International, Inc. - See attachment 209	  	GL	  	Alaska
	4/1/1988	  	4/1/1989	  	XSL G05194167	  	The Babcock & Wilcox Company - See attachment 49	  	XGL	  	INA
	4/1/1988	  	4/1/1989	  	XSL G05194179	  	The Babcock & Wilcox Company - See attachment 48	  	XGL	  	Cigna of Ohio
	4/1/1989	  	4/1/1990	  	CGO G05195792	  	Babcock & Wilcox Company - See attachment 79	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	CPO G05195809	  	Babcock & Wilcox Company	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	CPO G05195809	  	Babcock & Wilcox Company - See attachment 94	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	HDC G05196218	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	HDO G05196206	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	ISA 582543	  	McDermott International, Inc. - See attachment 103	  	Auto	  	INA

  

 Page 2 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1989	  	4/1/1990	  	 NWC C32916909
	  	 McDermott International, Inc. - See attachment 152
	  	WC	  	 INA

	4/1/1989	  	4/1/1990	  	 PLI 519746
	  	 McDermott International, Inc. - See attachment 106
	  	GL	  	 Alaska

	4/1/1989	  	4/1/1990	  	 RSC C22291312
	  	 B & W Fuel Company
	  	WC	  	 INA

	4/1/1989	  	4/1/1990	  	 RSC C32916879
	  	 Babcock & Wilcox Company - See attachment 131
	  	WC	  	 Pacific Employers

	4/1/1989	  	4/1/1990	  	 RSC C32916880
	  	 Babcock & Wilcox Company - See attachment 147
	  	WC	  	 Cigna

	4/1/1989	  	4/1/1990	  	 RSC C32916892
	  	 Babcock & Wilcox Company - See attachment 132
	  	WC	  	 Cigna - ILL

	4/1/1989	  	4/1/1990	  	 RSC C32916922
	  	 Babcock & Wilcox Company - See attachment 19
	  	WC	  	 Atlantic Employers

	4/1/1989	  	4/1/1990	  	 SCA 012151
	  	 The Babcock & Wilcox Company - See attachment 158
	  	Auto	  	 INA

	4/1/1989	  	4/1/1990	  	 SCA 012152
	  	 The Babcock & Wilcox Company - See attachment 84
	  	GL	  	 INA

	4/1/1989	  	4/1/1990	  	 XSL G05195780
	  	 The Babcock & Wilcox Company - See acchment 35
	  	XGL	  	 INA

	4/1/1989	  	4/1/1990	  	 XSL G05195780
	  	 The Babcock & Wilcox Company - See attachment 90
	  	XGL	  	 INA

	4/1/1989	  	4/1/1990	  	 XSL G0519619A
	  	 McDermott International, Inc. - See attachment 99
	  	XGL	  	 INA

	4/1/1989	  	4/1/1990	  	 XWC 11157
	  	 McDermott International, Inc.
	  	XWC	  	 Cigna

	9/17/1989	  	9/17/1990	  	 CRL G0519698A
	  	 ASEA - Babcock PFBC Joint Venture
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 CGO G0519751A
	  	 Babcock & Wilcox Company - See attachment 76
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 CGO G0519751A
	  	 Babcock & Wilcox Company - See attachment 83
	  	GL	  	 INA

  

 Page 3 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1990	  	4/1/1991	  	 CPO G05197521
	  	 Babcock & Wilcox Company - See attachment 54
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 CPO G05197521
	  	 Babcock & Wilcox Company - See attachment 80
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 CPO G05197521
	  	 Babcock & Wilcox Company - See attachment 80
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 HDC G05197557
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 HDO G05197545
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1990	  	4/1/1991	  	 ISA 582563
	  	 McDermott International, Inc. - See attachment 111
	  	Auto	  	 INA

	4/1/1990	  	4/1/1991	  	 NWC C22292341
	  	 McDermott International, Inc. - See attachment 136
	  	WC	  	 INA

	4/1/1990	  	4/1/1991	  	 PLI 321018
	  	 McDermott International, Inc. - See attachment 107
	  	GL	  	 Alaska

	4/1/1990	  	4/1/1991	  	 RSC C22292286
	  	 Babcock & Wilcox Company - See attachment 165
	  	WC	  	 Pacific Employers

	4/1/1990	  	4/1/1991	  	 RSC C22292304
	  	 Babcock & Wilcox Company - See attachment 179
	  	WC	  	 Cigna - ILL

	4/1/1990	  	4/1/1991	  	 RSC C22292316
	  	 Babcock & Wilcox Company - See attachment 188
	  	WC	  	 Atlantic Employers

	4/1/1990	  	4/1/1991	  	 RSC C22292328
	  	 B & W Fuel Company
	  	WC	  	 INA

	4/1/1990	  	4/1/1991	  	 RSC C22292730
	  	 Babcock & Wilcox Company
	  	WC	  	 INA

	4/1/1990	  	4/1/1991	  	 RSC C2229362A
	  	 Babcock & Wilcox Company - See attachment 85
	  	WC	  	 California Union

	4/1/1990	  	4/1/1991	  	 SCA 012197
	  	 The Babcock & Wilcox Company - See attachment 97
	  	Auto	  	 INA

	4/1/1990	  	4/1/1991	  	 SCA 012198
	  	 The Babcock & Wilcox Company - See attachment 96
	  	Auto	  	 INA

	4/1/1990	  	4/1/1991	  	 XCE G05197569
	  	 McDermott International, Inc. - See attachment 101
	  	XGL	  	 Cigna

  

 Page 4 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1990	  	4/1/1991	  	 XSL G05197508
	  	 The Babcock & Wilcox Company - See attachment 92
	  	XGL	  	 INA

	4/1/1990	  	4/1/1991	  	 XSL G05197533
	  	 McDermott International, Inc. - See attachment 115
	  	XGL	  	 INA

	4/1/1990	  	4/1/1991	  	 XWC 011187
	  	 McDermott International, Inc. - See attachment 154
	  	XWC	  	 Cigna

	4/19/1990	  	4/1/1991	  	 RSC C22292778
	  	 McDermott, Incorporated
	  	WC	  	 Cigna -TX

	9/12/1990	  	9/12/1991	  	 CPO G13210755
	  	 Babcock & Wilcox Company Power Generation Group - See attachment 185
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 CGO G13211061
	  	 Babcock & Wilcox Company - See attachment 75
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 CGO G13211061
	  	 Babcock & Wilcox Company - See attachment 204
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 CPO G13211073
	  	 Babcock & Wilcox Company - See attachment 39
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 CPO G13211073
	  	 Babcock & Wilcox Company - See attachment 120
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 HDC G13211103
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 HDO G13211097
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1991	  	4/1/1992	  	 ISA 582584
	  	 McDermott International, Inc. - See attachment 126
	  	Auto	  	 INA

	4/1/1991	  	4/1/1992	  	 NWC C22293667
	  	 McDermott International, Inc. - See attachment 192
	  	WC	  	 INA

	4/1/1991	  	4/1/1992	  	 PLI 321112
	  	 McDermott International, Inc. - See attachment 102
	  	GL	  	 Alaska

	4/1/1991	  	4/1/1992	  	 RSC C2229354
	  	 Babcock & Wilcox Company - See attachment 133
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 RSC C22293564
	  	 Babcock & Wilcox Company - See attachment 199
	  	WC	  	 Atlantic Employers

	4/1/1991	  	4/1/1992	  	 RSC C22293898
	  	 Babcock & Wilcox Company
	  	WC	  	 INA

  

 Page 5 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1991	  	4/1/1992	  	 RSC C22293928
	  	 McDermott, Incorporated
	  	WC	  	 Cigna - TX

	4/1/1991	  	4/1/1992	  	 SCA 012272
	  	 Babcock & Wilcox Company - See attachment 182
	  	Auto	  	 INA

	4/1/1991	  	4/1/1992	  	 WLR C22293552
	  	 Babcock & Wilcox Company - See attachment 181
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 WLR C22293849
	  	 Babcock & Wilcox Company - See attachment 143
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 WLR C22293850
	  	 Babcock & Wilcox Company - See attachment 144
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 WLR C22293862
	  	 Babcock & Wilcox Company - See attachment 145
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 WLR C22293874
	  	 Babcock & Wilcox Company - See attachment 141
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 WLR C22293886
	  	 Babcock & Wilcox Company - See attachment 20
	  	WC	  	 Pacific Employers

	4/1/1991	  	4/1/1992	  	 XCE G13211048
	  	 McDermott International, Inc. - See attachment 124
	  	XGL	  	 Cigna

	4/1/1991	  	4/1/1992	  	 XSL G1321105A
	  	 The Babcock & Wilcox Company - See attachment 197
	  	XGL	  	 INA

	4/1/1991	  	4/1/1992	  	 XSL G13211115
	  	 McDermott International, Inc. - See attachment 118
	  	XGL	  	 INA

	4/1/1991	  	4/1/1992	  	 XWC 011230
	  	 McDermott International, Inc. - See attachment 134
	  	XWC	  	 Cigna

	4/1/1991	  	4/1/1992	  	 XWC 011231
	  	 Babcock & Wilcox Company - See attachment 180
	  	XWC	  	 Cigna

	7/22/1991	  	7/22/1992	  	 XCP G13211437
	  	 City of Lakeland, Florida Department of Electric & Water Utilities
	  	XGL	  	 INA

	8/24/1991	  	8/24/1992	  	 OGL G1321153A
	  	 PowerSafety International, Inc.
	  	GL	  	 INA

  

 Page 6 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	9/12/1991	  	9/12/1992	  	 CPO G13211541
	  	 Babcock & Wilcox Company Power Generation Group - See attachment 190
	  	GL	  	 INA

	4/1/1992	  	4/1/1993	  	 CGO G13211887
	  	 Babcock & Wilcox Company - See attachment 41
	  	GL	  	 INA

	4/1/1992	  	4/1/1993	  	 CPO G13211899
	  	 Babcock & Wilcox Company - See attachment 40
	  	GL	  	 INA

	4/1/1992	  	4/1/1993	  	 CPO G13211899
	  	 Babcock & Wilcox Company - See attachment 87
	  	GL	  	 INA

	4/1/1992	  	4/1/1993	  	 HDO G13211930
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1992	  	4/1/1993	  	 ISA 582609
	  	 McDermott International, Inc. - See attachment 122
	  	Auto	  	 INA

	4/1/1992	  	4/1/1993	  	 NWC C38326296
	  	 McDermott International, Inc.
	  	WC	  	 INA

	4/1/1992	  	4/1/1993	  	 PLI 321195
	  	 McDermott International, Inc. - See attachment 207
	  	GL	  	 Alaska

	4/1/1992	  	4/1/1993	  	 RSC C38326259
	  	 Babcock & Wilcox Company - See attachment 171
	  	WC	  	 Pacific Employers

	4/1/1992	  	4/1/1993	  	 RSC C38326351
	  	 Babcock & Wilcox Company
	  	WC	  	 INA

	4/1/1992	  	4/1/1993	  	 WLR C38326260
	  	 Babcock & Wilcox Company - See attachment 186
	  	WC	  	 Pacific Employers

	4/1/1992	  	4/1/1993	  	 WLR C38326338
	  	 Babcock & Wilcox Company - See attachment 174
	  	WC	  	 Cigna - TX

	4/1/1992	  	4/1/1993	  	 WLR C38326363
	  	 McDermott, Incorporated
	  	WC	  	 Cigna

	4/1/1992	  	4/1/1993	  	 XCP G13211991
	  	 Naheola Cogeneration Limited Partnership & Industrial Development Board
	  	XGL	  	 INA

	4/1/1992	  	4/1/1993	  	 XSL G13211905
	  	 The Babcock & Wilcox Company - See attachment 71
	  	XGL	  	 INA

	4/1/1992	  	4/1/1993	  	 XSL G13211966
	  	 McDermott International, Inc. - See attachment 117
	  	XGL	  	 INA

  

 Page 7 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1992	  	4/1/1993	  	 XWC 011301
	  	 Babcock & Wilcox Company - See attachment 200
	  	XWC	  	 Cigna

	4/1/1992	  	4/1/1993	  	 XWC 011302
	  	 McDermott International, Inc. - See attachment 149
	  	XWC	  	 Cigna

	4/1/1993	  	4/1/1994	  	 CGO G13212612
	  	 Babcock & Wilcox Company - See attachment 73
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 CGO G13212612
	  	 Babcock & Wilcox Company - See attachment 191
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 CPO G13212600
	  	 Babcock & Wilcox Company - See attachment 36
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 HDC G13212648
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 HDO G1321265A
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 ISA 711093
	  	 McDermott International, Inc. - See attachment 98
	  	Auto	  	 INA

	4/1/1993	  	4/1/1994	  	 NWC C39770507
	  	 McDermott International, Inc. - See attachment 151
	  	WC	  	 INA

	4/1/1993	  	4/1/1994	  	 PLI 321258
	  	 McDermott International, Inc. - See attachment 208
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 RSC C36158621
	  	 Babcock & Wilcox Company
	  	WC	  	 INA

	4/1/1993	  	4/1/1994	  	 RSC C39770489
	  	 Babcock & Wilcox Company - See attachment 160
	  	WC	  	 Pacific Employers

	4/1/1993	  	4/1/1994	  	 SCA 012527
	  	 The Babcock & Wilcox Company - See attachment 184
	  	Auto	  	 INA

	4/1/1993	  	4/1/1994	  	 SCA 012528
	  	 The Babcock & Wilcox Company - See attachment 195
	  	Auto	  	 INA

	4/1/1993	  	4/1/1994	  	 WLR C39770490
	  	 Babcock & Wilcox Company - See attachment 162
	  	WC	  	 Pacific Employers

	4/1/1993	  	4/1/1994	  	 WLR C39770532
	  	 McDermott, Incorporated
	  	WC	  	 Pacific Employers

	4/1/1993	  	4/1/1994	  	 XCE G13212570
	  	 McDermott International, Inc. - See attachment 100
	  	XGL	  	 Cigna

  

 Page 8 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1993	  	4/1/1994	  	 XCP G13212673
	  	 Naheola Cogeneration Limited Partnership & Industrial Development Board
	  	GL	  	 INA

	4/1/1993	  	4/1/1994	  	 XSL G13212569
	  	 McDermott International, Inc. - See attachment 104
	  	XGL	  	 INA

	4/1/1993	  	4/1/1994	  	 XSL G13212594
	  	 The Babcock & Wilcox Company - See attachment 72
	  	XGL	  	 INA

	4/1/1993	  	4/1/1994	  	 XSL G13212594
	  	 Babcock & Wilcox Company - See attachment 166
	  	XGL	  	 INA

	4/1/1993	  	4/1/1994	  	 XWC 011381
	  	 McDermott International, Inc. - See attachment 18
	  	XWC	  	 Cigna

	8/24/1993	  	8/24/1994	  	 OGL G13212879
	  	 PowerSafety International, Inc.
	  	GL	  	 INA

	9/12/1993	  	9/13/1994	  	 CPO G13212909
	  	 Babcock & Wilcox Company Power Generation Group - See attachment 89
	  	GL	  	 INA

	10/1/1993	  	4/1/1994	  	 XSL G13212983
	  	 Hudson Companies - See attachment 183
	  	XGL	  	 INA

	4/1/1994	  	4/1/1995	  	 CGO G13213215
	  	 Babcock & Wilcox Company - See attachment 38
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 CGO G13213215
	  	 Babcock & Wilcox Company - See attachment 159
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 CPO G13213203
	  	 Babcock & Wilcox Company - See attachment 37
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 CPO G13213203
	  	 Babcock & Wilcox Company - See attachment 169
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 HDC G1321315A
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 HDO G13213161
	  	 McDermott International, Inc.
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 ISA 042894
	  	 McDermott International, Inc. - See attachment 112
	  	Auto	  	 INA

	4/1/1994	  	4/1/1995	  	 NWC C4080951A
	  	 McDermott International, Inc. - See attachment 150
	  	WC	  	 INA

  

 Page 9 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1994	  	4/1/1995	  	 PLI 321317
	  	 McDermott International, Inc. - See attachment 109
	  	GL	  	 INA

	4/1/1994	  	4/1/1995	  	 RSC C40809016
	  	 Babcock & Wilcox Company
	  	WC	  	 INA

	4/1/1994	  	4/1/1995	  	 RSC C40809491
	  	 Babcock & Wilcox Company - See attachment 172
	  	WC	  	 Pacific Employers

	4/1/1994	  	4/1/1995	  	 RSC C40809521
	  	 McDermott, Incorporated
	  	WC	  	 Cigna - TX

	4/1/1994	  	4/1/1995	  	 SCA 012556
	  	 The Babcock & Wilcox Company - See attachment 121
	  	Auto	  	 INA

	4/1/1994	  	4/1/1995	  	 WLR C36160159
	  	 Babcock & Wilcox Company - See attachment 129
	  	WC	  	 Cigna - TX

	4/1/1994	  	4/1/1995	  	 WLR C40809508
	  	 Babcock & Wilcox Company - See attachment 22
	  	WC	  	 Pacific Employers

	4/1/1994	  	4/1/1995	  	 XCE G13213185
	  	 McDermott International, Inc. - See attachment 108
	  	XGL	  	 Cigna

	4/1/1994	  	4/1/1995	  	 XSL G13213148
	  	 McDermott International, Inc. - See attachment 116
	  	XGL	  	 INA

	4/1/1994	  	4/1/1995	  	 XSL G13213197
	  	 The Babcock & Wilcox Company - See attachment 44
	  	XGL	  	 INA

	4/1/1994	  	4/1/1995	  	 XSL G13213197
	  	 Babcock & Wilcox Company - See attachment 170
	  	XGL	  	 INA

	4/1/1994	  	4/1/1995	  	 XSL G13213227
	  	 Hudson Companies - See attachment 43
	  	XGL	  	 INA

	4/1/1994	  	4/1/1995	  	 XSL G13213227
	  	 Hudson Companies - See attachment 86
	  	XGL	  	 INA

	4/1/1994	  	4/1/1995	  	 XWC 011467
	  	 McDermott International, Inc. - See attachment 153
	  	XWC	  	 Cigna

	8/24/1994	  	8/24/1995	  	 OGL G13213410
	  	 PowerSafety International, Inc.
	  	GL	  	 INA

	9/12/1994	  	9/12/1995	  	 CPO G13213380
	  	 Babcock & Wilcox Company Power Generation Group - See attachment 167
	  	GL	  	 INA

  

 Page 10 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1995	  	4/1/1996	  	 CGO G13213720
	  	 Babcock & Wilcox Company - See attachment 74
	  	GL	  	 INA

	4/1/1995	  	4/1/1996	  	 CPO G13213719
	  	 Babcock & Wilcox Company
	  	GL	  	 IND

	4/1/1995	  	4/1/1996	  	 HDC G13213756
	  	 McDermott International, Inc.
	  	GL	  	 IND

	4/1/1995	  	4/1/1996	  	 HDO G13213744
	  	 McDermott International, Inc.
	  	GL	  	 IND

	4/1/1995	  	4/1/1996	  	 ISA 042936
	  	 McDermott International, Inc. - See attachment 125
	  	Auto	  	 IND

	4/1/1995	  	4/1/1996	  	 NWC C3616248A
	  	 Babcock & Wilcox Construction Co. - See attachment 173
	  	WC	  	 Cigna

	4/1/1995	  	4/1/1996	  	 PLI 321380
	  	 McDermott International, Inc. - See attachment 127
	  	GL	  	 IND

	4/1/1995	  	4/1/1996	  	 RSC C36162028
	  	 Babcock & Wilcox Company - See attachment 189
	  	WC	  	 Cigna

	4/1/1995	  	4/1/1996	  	 RSC C36162041
	  	 McDermott International, Inc. - See attachment 17
	  	WC	  	 Bankers Standard

	4/1/1995	  	4/1/1996	  	 RSC C36162053
	  	 Hudson Companies
	  	WC	  	 Bankers Standard

	4/1/1995	  	4/1/1996	  	 RSC C3616234A
	  	 Babcock & Wilcox Company
	  	WC	  	 Cigna

	4/1/1995	  	4/1/1996	  	 WLR C36161991
	  	 Babcock & Wilcox Company - See attachment 148
	  	WC	  	 Cigna

	4/1/1995	  	4/1/1996	  	 WLR C36162004
	  	 Babcock & Wilcox Company - See attachment 194
	  	WC	  	 Bankers Standard

	4/1/1995	  	4/1/1996	  	 WLR C36162016
	  	 Babcock & Wilcox Company - See attachment 196
	  	WC	  	 Cigna

	4/1/1995	  	4/1/1996	  	 XCE G13213768
	  	 McDermott International, Inc. - See attachment 114
	  	XGL	  	 IND

	4/1/1995	  	4/1/1996	  	 XSL G13213707
	  	 The Babcock & Wilcox Company - See attachment 45
	  	XGL	  	 IND

	4/1/1995	  	4/1/1996	  	 XSL G13213707
	  	 The Babcock & Wilcox Company - See attachment 91
	  	XGL	  	 IND

	4/1/1995	  	4/1/1996	  	 XSL G13213732
	  	 McDermott International, Inc. - See attachment 110
	  	XGL	  	 IND

  

 Page 11 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1995	  	4/1/1996	  	 XSL G13213793
	  	 Hudson Companies - See attachment 88
	  	XGL	  	 IND

	4/1/1995	  	4/1/1996	  	 XWC 011541
	  	 McDermott International, Inc. - See attachment 138
	  	XWC	  	 Cigna

	8/24/1995	  	8/24/1996	  	 CAL H06353149
	  	 Deep Oil Technology, Inc.
	  	Auto	  	 IND

	8/24/1995	  	8/24/1996	  	 NWC C41224319
	  	 Deep Oil Technology, Inc.
	  	WC	  	 Cigna

	8/24/1995	  	8/24/1996	  	 OGL G14232096
	  	 Deep Oil Technology, Inc.
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 CGO G18967431
	  	 Babcock & Wilcox Company - See attachment 77
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 CPO G18968599
	  	 Babcock & Wilcox Company - See attachment 46
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 CPO G18968599
	  	 Babcock & Wilcox Company - See attachment 82
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 HDC G18967157
	  	 McDermott International, Inc.
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 HDO G18967078
	  	 McDermott International, Inc.
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 ISA H07131616
	  	 McDermott International, Inc. - See attachment 113
	  	Auto	  	 IND

	4/1/1996	  	4/1/1997	  	 PLI G19067236
	  	 McDermott International, Inc. - See attachment 105
	  	GL	  	 IND

	4/1/1996	  	4/1/1997	  	 RSC C2733278A
	  	 Babcock & Wilcox Company - See attachment 142
	  	WC	  	 Cigna

	4/1/1996	  	4/1/1997	  	 RSC C4206726A
	  	 Babcock & Wilcox Company
	  	WC	  	 Cigna

	4/1/1996	  	4/1/1997	  	 SCA 012575
	  	 The Babcock & Wilcox Company - See attachment 93
	  	Auto	  	 IND

	4/1/1996	  	4/1/1997	  	 WLR C27332080
	  	 Babcock & Wilcox Company - See attachment 201
	  	WC	  	 Cigna

	4/1/1996	  	4/1/1997	  	 WLR C27332742
	  	 McDermott International, Inc. - See attachment 155
	  	WC	  	 Bankers Standard

	4/1/1996	  	4/1/1997	  	 WLR C27332766
	  	 Hudson Companies
	  	WC	  	 Bankers Standard

	4/1/1996	  	4/1/1997	  	 WLR C27332778
	  	 Babcock & Wilcox Company - See attachment 140
	  	WC	  	 Bankers Standard

  

 Page 12 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1996	  	4/1/1997	  	 WLR C27332808
	  	 Babcock & Wilcox Company - See attachment 146
	  	WC	  	 Cigna

	4/1/1996	  	4/1/1997	  	 XSL G18967911
	  	 Babcock & Wilcox Company - See attachment 78
	  	GL	  	 INA

	4/1/1996	  	4/1/1997	  	 XSL G1896823A
	  	 Hudson Companies - See attachment 55
	  	XGL	  	 IND

	4/1/1996	  	4/1/1997	  	 XSL G18968277
	  	 McDermott International, Inc. - See attachment 123
	  	XGL	  	 IND

	4/1/1996	  	4/1/1997	  	 XWC 011614
	  	 McDermott International, Inc. - See attachment 135
	  	XWC	  	 Cigna

	8/24/1996	  	8/24/1997	  	 CAL H07132001
	  	 Deep Oil Technology, Inc.
	  	Auto	  	 INA

	8/24/1996	  	8/24/1997	  	 NWC C42181018
	  	 Deep Oil Technology, Inc.
	  	WC	  	 INA

	8/24/1996	  	8/24/1997	  	 OGL G18967364
	  	 Deep Oil Technology, Inc.
	  	GL	  	 INA

	4/1/1997	  	4/1/1998	  	 RSC C42109484
	  	 Babcock & Wilcox Company - See attachment 21
	  	WC	  	 Pacific Employers

	4/1/1997	  	4/1/1998	  	 RSC C42109502
	  	 Babcock & Wilcox Company
	  	WC	  	 Cigna

	4/1/1997	  	4/1/1998	  	 WLR C42109460
	  	 Babcock & Wilcox Company - See attachment 128
	  	WC	  	 Pacific Employers

	4/1/1997	  	4/1/1998	  	 WLR C42109472
	  	 Babcock & Wilcox Company - See attachment 193
	  	WC	  	 Bankers Standard

	4/1/1997	  	4/1/1998	  	 WLR C42109496
	  	 Babcock & Wilcox Company - See attachment 81
	  	WC	  	 Pacific Employers

	4/1/1997	  	4/1/1998	  	 WLR C42109514
	  	 Hudson Companies
	  	WC	  	 Bankers Standard

	4/1/1997	  	4/1/1998	  	 WLR C42109526
	  	 McDermott International, Inc. - See attachment 156
	  	WC	  	 Bankers Standard

	8/24/1997	  	8/24/1998	  	 CAL H07322574
	  	 Deep Oil Technology, Inc.
	  	Auto	  	 INA

	8/24/1997	  	8/24/1998	  	 NWC C42425497
	  	 Deep Oil Technology, Inc.
	  	WC	  	 INA

	8/24/1997	  	8/24/1998	  	 OGL G19326792
	  	 Deep Oil Technology, Inc.
	  	GL	  	 INA

  

 Page 13 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	12/18/1997	  	12/18/1998	  	 OGL G1965722A
	  	 Monmouth Couty Materials Processing & Recovery Facility; National Ecology Company & The Babcock and Wilcox Company - See attachment 157
	  	GL	  	 IND

	4/1/1998	  	4/1/1999	  	 HDC G19657280
	  	 Babcock & Wilcox Company - See attachment 61
	  	GL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 HDC G19657334
	  	 McDermott International, Inc - See attachment 267
	  	GL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 HDO G19657322
	  	 McDermott International, Inc - See attachment 265
	  	GL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 HDO G219657292
	  	 Babcock & Wilcox Company - See attachment 60
	  	GL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 ISA H07323360
	  	 The Babcock & Wilcox Company - See attachment 57
	  	Auto	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 ISA H07323372
	  	 McDermott International, Inc - See attachment 268
	  	Auto	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 PLI G19657346
	  	 McDermott International, Inc. - See attachment 59
	  	GL	  	 INA

	4/1/1998	  	4/1/1999	  	 PWC C42460187
	  	 Babcock & Wilcox Company - See attachment 163
	  	WC	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 WLR C42460151
	  	 Babcock & Wilcox Company - See attachment 130
	  	WC	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 WLR C42460163
	  	 Babcock & Wilcox Company - See attachment 177
	  	WC	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 WLR C42460175
	  	 Babcock & Wilcox Company - See attachment 175
	  	WC	  	 Cigna - TX

	4/1/1998	  	4/1/1999	  	 WLR C42460199
	  	 McDermott International, Inc. - See attachment 139
	  	WC	  	 INA

	4/1/1998	  	4/1/1999	  	 WLR C42460205
	  	 Hudson Companies
	  	WC	  	 Cigna - TX

  

 Page 14 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1998	  	4/1/1999	  	 XSL G19657279
	  	 The Babcock & Wilcox Company - See attachment 62
	  	XGL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 XSL G19657309
	  	 Hudson Companies - See attachment 47
	  	XGL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 XSL G19657309
	  	 Hudson Companies - See attachment 58
	  	XGL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 XSL G19657310
	  	 McDermott International, Inc - See attachment 264
	  	XGL	  	 Pacific Employers

	4/1/1998	  	4/1/1999	  	 XWC 011786
	  	 McDermott International, Inc - See attachment 266
	  	XWC	  	 Cigna

	8/24/1998	  	8/24/1999	  	 CAL H07406794
	  	 Deep Oil Technology, Inc.
	  	Auto	  	 Cigna

	8/24/1998	  	8/24/1999	  	 OGL G19657905
	  	 Deep Oil Technology, Inc.
	  	GL	  	 Cigna

	10/1/1998	  	10/1/2001	  	 XOO G19658193
	  	 State Line Energy, LLC
	  	XGL	  	 Cigna

	12/18/1998	  	12/18/1999	  	 CAL H07407385
	  	 National Ecology Company - See attachment 161
	  	Auto	  	 Cigna

	12/18/1998	  	12/18/1999	  	 OGL G19327024
	  	 National Ecology Company, Power Systems Operations, Inc. and The Babcock & Wilcox Company and Monmouth County Materials Processing and Recovery
Facility
	  	GL	  	 Cigna

	4/1/1999	  	1/1/2000	  	 HDC G19657280
	  	 Babcock & Wilcox Company - See attachment 61
	  	GL	  	 Pacific Employers

	4/1/1999	  	1/1/2000	  	 HDO G219657292
	  	 Babcock & Wilcox Company - See attachment 60
	  	GL	  	 Pacific Employers

	4/1/1999	  	1/1/2000	  	 PLI G19657346
	  	 McDermott International, Inc. - See attachment 59
	  	GL	  	 INA

	4/1/1999	  	4/1/2000	  	 PWC C42643890
	  	 Babcock & Wilcox Company – See attachment 2
	  	WC	  	 Pacific Employers

	4/1/1999	  	4/1/2000	  	 PWC C42643890
	  	 Babcock & Wilcox Company - See attachment 25
	  	WC	  	 Pacific Employers

  

 Page 15 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1999	  	4/1/2000	  	 WLR C42643877
	  	 McDermott International, Inc - See attachment 263
	  	WC	  	 Pacific Employers

	4/1/1999	  	4/1/2000	  	 WLR C42643889
	  	 Hudson Companies - See attachment 262
	  	WC	  	 Pacific Employers

	4/1/1999	  	4/1/2000	  	 WLR C42643907
	  	 Babcock & Wilcox Company - See attachment 1
	  	WC	  	 Pacific Employers

	4/1/1999	  	1/1/2000	  	 XSL G19657279
	  	 The Babcock & Wilcox Company - See attachment 62
	  	XGL	  	 Pacific Employers

	4/1/1999	  	1/1/2000	  	 XSL G19657309
	  	 Hudson Companies - See attachment 58
	  	XGL	  	 Pacific Employers

	8/24/1999	  	8/24/2000	  	 CAL H0767823A
	  	 Deep Oil Technology, Inc.
	  	Auto	  	 Cigna

	8/24/1999	  	8/24/2000	  	 NWC C42645254
	  	 Deep Oil Technology, Inc.
	  	WC	  	 Cigna

	8/24/1999	  	8/24/2000	  	 OGL G1989521A
	  	 Deep Oil Technology, Inc.
	  	GL	  	 Cigna

	12/18/1999	  	12/18/2000	  	 CAL H07678903
	  	 National Ecology Company - See attachment 272
	  	AL	  	 Pacific Employers

	12/18/1999	  	12/18/2000	  	 CUA-104533-0
	  	 National Ecology Company - See attachment 271
	  	Umb	  	 Westchester Fire Ins Co

	12/18/1999	  	12/18/2000	  	 OGL G19895993
	  	 National Ecology Company - See attachment 270
	  	GL	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 HDC G19657280
	  	 Babcock & Wilcox Company - See attachment 61
	  	GL	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 HDO G219657292
	  	 Babcock & Wilcox Company - See attachment 60
	  	GL	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 PLI G19657346
	  	 McDermott International, Inc. - See attachment 59
	  	GL	  	 INA

	1/1/2000	  	1/1/2001	  	 PWC C42645618
	  	 Babcock & Wilcox Company - See attachment 13
	  	WC	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 WLR C4264562A
	  	 McDermott International, Inc. - See attachment 69
	  	WC	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 WLR C42645631
	  	 Hudson Companies
	  	WC	  	 Pacific Employers

  

 Page 16 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2000	  	1/1/2001	  	 WLR C42645643
	  	 Babcock & Wilcox Company - See attachment 12
	  	WC	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 XOO G20292817
	  	 Mid American Energy Company
	  	XGL	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 XSL G19657279
	  	 The Babcock & Wilcox Company - See attachment 62
	  	XGL	  	 Pacific Employers

	1/1/2000	  	1/1/2001	  	 XSL G19657309
	  	 Hudson Companies - See attachment 58
	  	XGL	  	 Pacific Employers

	12/11/2000	  	6/1/2001	  	 XLG G20295624
	  	 NRG El Segundo Operations Inc.
	  	XGL	  	 AAI

	12/18/2000	  	12/18/2001	  	 HDO G20295715
	  	 National Ecology Company - See attachment 269
	  	GL	  	 Pacific Employers

	12/18/2000	  	12/18/2001	  	 ISA H07668016
	  	 National Ecology Company - See attachment 210
	  	Auto	  	 Pacific Employers

	12/18/2000	  	7/31/2001	  	 XLG G20295661
	  	 NRG Cabrillo Power I
	  	XGL	  	 AAI

	1/1/2001	  	1/1/2002	  	 HDC G19657280
	  	 Babcock & Wilcox Company - See attachment 61
	  	GL	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 HDO G219657292
	  	 Babcock & Wilcox Company - See attachment 60
	  	GL	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 PLI G19657346
	  	 McDermott International, Inc. - See attachment 59
	  	GL	  	 INA

	1/1/2001	  	1/1/2002	  	 SCF C43139988
	  	 Babcock & Wilcox Company - See attachment 11
	  	WC	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 WLR C43139940
	  	 Babcock & Wilcox Company - See attachment 10
	  	WC	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 WLR C43140024
	  	 McDermott International, Inc. - See attachment 277
	  	WC	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 WLR C43140061
	  	 Hudson Companies
	  	WC	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 XOO G20292817
	  	 Mid American Energy Company
	  	XGL	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 XSL G19657279
	  	 The Babcock & Wilcox Company - See attachment 62
	  	XGL	  	 Pacific Employers

	1/1/2001	  	1/1/2002	  	 XSL G19657309
	  	 Hudson Companies - See attachment 58
	  	XGL	  	 Pacific Employers

  

 Page 17 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	7/2/2001	  	12/31/2001	  	 XLG G20298017
	  	 Mirant Delta LLC
	  	XGL	  	 AAI

	7/31/2001	  	3/31/2002	  	 XLG G20295661
	  	 NRG Cabrillo Power I
	  	XGL	  	 AAI

	12/18/2001	  	12/18/2002	  	 HDO G20298431
	  	 National Ecology Company - See attachment 276
	  	GL	  	 Pacific Employers

	12/18/2001	  	12/18/2002	  	 ISA H0766946A
	  	 National Ecology Company - See attachment 275
	  	AL	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 HDC G19657280
	  	 Babcock & Wilcox Company - See attachment 61
	  	GL	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 HDO G219657292
	  	 Babcock & Wilcox Company - See attachment 60
	  	GL	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 PLI G19657346
	  	 McDermott International, Inc. - See attachment 59
	  	GL	  	 INA

	1/1/2002	  	1/1/2003	  	 SCF C43100075
	  	 Babcock & Wilcox Company - See attachment 27
	  	WC	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 WLR C43099991
	  	 McDermott International, Inc. - See attachment 16
	  	WC	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 XSL G19657279
	  	 The Babcock & Wilcox Company - See attachment 62
	  	XGL	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 XSL G19657309
	  	 Hudson Companies - See attachment 58
	  	XGL	  	 Pacific Employers

	1/1/2002	  	1/1/2003	  	 XWC 014129
	  	 McDermott International, Inc. - See attachment 56
	  	XWC	  	 AAI

	3/31/2002	  	4/30/2002	  	 XLG G20295661
	  	 NRG Cabrillo Power I
	  	XGL	  	 AAI

	10/1/2002	  	1/1/2003	  	 XLG G20580161
	  	 Mid American Energy Company
	  	XGL	  	 AAI

	12/18/2002	  	12/18/2003	  	 HDO G2030442A
	  	 National Ecology Company - See attachment 273
	  	GL	  	 AAI

	12/18/2002	  	12/18/2003	  	 ISA H07669884
	  	 National Ecology Company - See attachment 268
	  	AL	  	 AAI

	1/1/2003	  	1/1/2004	  	 HDC G20580033
	  	 McDermott International, Inc.
	  	GL	  	 AAI

	1/1/2003	  	1/1/2004	  	 HDC G20580124
	  	 Babcock & Wilocx Company - See attachment 31
	  	GL	  	 AAI

  

 Page 18 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2003	  	1/1/2004	  	 HDO G20579997
	  	 Babcock & Wilcox Company - See attachment 42
	  	GL	  	 AAI

	1/1/2003	  	1/1/2004	  	 HDO G20580070
	  	 McDermott International, Inc.
	  	GL	  	 AAI

	1/1/2003	  	1/1/2004	  	 ISA H07670023
	  	 McDermott International, Inc. - See attachment 34
	  	Auto	  	 AAI

	1/1/2003	  	1/1/2004	  	 ISA H07670060
	  	 The Babcock & Wilcox Company - See attachment 30
	  	Auto	  	 AAI

	1/1/2003	  	1/1/2004	  	 PLI G20580112
	  	 McDermott International, Inc. - See attachment 33
	  	GL	  	 AAI

	1/1/2003	  	1/1/2004	  	 SCF C43497194
	  	 Babcock & Wilcox Company - See attachment 24
	  	WC	  	 AAI

	1/1/2003	  	1/1/2004	  	 WLR C43497157
	  	 Babcock & Wilcox Company - See attachment 23
	  	WC	  	 AAI

	1/1/2003	  	1/1/2004	  	 WLR C43497169
	  	 McDermott International, Inc. - See attachment 70
	  	WC	  	 AAI

	1/1/2003	  	1/1/2004	  	 XSL G20579559
	  	 McDermott International, Inc. - See attachment 32
	  	XGL	  	 AAI

	1/1/2003	  	1/1/2004	  	 XSL G20580045
	  	 The Babcock & Wilcox Company - See attachment 29
	  	XGL	  	 AAI

	2/1/2003	  	12/17/2003	  	 OCP G20304479
	  	 Pasadena ISD
	  	GL	  	 AAI

	3/1/2003	  	3/1/2004	  	 XLG G20579511
	  	 Reliant Energy
	  	XGL	  	 AAI

	12/17/2003	  	12/17/2004	  	 OCP G20304479
	  	 Pasadena ISD
	  	GL	  	 AAI

	12/18/2003	  	12/18/2004	  	 HDO G2030442A
	  	 National Ecology Company - See attachment 273
	  	GL	  	 AAI

	12/18/2003	  	12/18/2004	  	 ISA H07669884
	  	 National Ecology Company - See attachment 268
	  	AL	  	 AAI

	1/1/2004	  	1/1/2005	  	 HDC G20300140
	  	 Babcock & Wilcox Company - See attachment 66
	  	GL	  	 AAI

	1/1/2004	  	1/1/2005	  	 HDO G20300103
	  	 Babcock & Wilcox Company - See attachment 64
	  	GL	  	 AAI

  

 Page 19 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2004	  	1/1/2005	  	 ISA H07670485
	  	 The Babcock & Wilcox Company - See acchment 63
	  	Auto	  	 AAI

	1/1/2004	  	1/1/2005	  	 SCF C43966169
	  	 Babcock & Wilcox Company - See attachment 14
	  	WC	  	 AAI

	1/1/2004	  	1/1/2005	  	 WLR C43966157
	  	 Babcock & Wilcox Company - See attachment 15
	  	WC	  	 AAI

	1/1/2004	  	1/1/2005	  	 WLR C43966303
	  	 McDermott International, Inc. - See attachment 211
	  	WC	  	 AAI

	1/1/2004	  	1/1/2005	  	 XSL G20300061
	  	 The Babcock & Wilcox Company - See attachment 65
	  	XGL	  	 AAI

	2/1/2004	  	2/1/2005	  	 WCU 014570
	  	 Babcock and Wilcox Investment Company
	  	XWC	  	 AAI

	12/17/2004	  	12/17/2005	  	 OCP G20304479
	  	 Pasadena ISD
	  	GL	  	 AAI

	12/18/2004	  	12/18/2005	  	 HDO G2030442A
	  	 National Ecology Company - See attachment 273
	  	GL	  	 AAI

	12/18/2004	  	12/18/2005	  	 ISA H07669884
	  	 National Ecology Company - See attachment 268
	  	AL	  	 AAI

	1/1/2005	  	1/1/2006	  	 SCF C4396494A
	  	 Babcock & Wilcox Company - See attachment 67
	  	WC	  	 AAI

	1/1/2005	  	1/1/2006	  	 WLR C43988761
	  	 Babcock & Wilcox Company - See attachment 68
	  	WC	  	 AAI

	1/1/2005	  	1/1/2006	  	 WLR C43988840
	  	 McDermott International, Inc
	  	WC	  	 AAI

	9/19/2005	  	12/18/2005	  	 XSL G20299721
	  	 American Electric Power Service Corp
	  	XGL	  	 AAI

	9/19/2005	  	12/18/2005	  	 XSL G20299769
	  	 American Electric Power Service Corp
	  	XGL	  	 AAI

	12/17/2005	  	12/17/2006	  	 OCP G20304479
	  	 Pasadena ISD
	  	GL	  	 AAI

	12/18/2005	  	12/18/2009	  	 HDO G21703618R
	  	 National Ecology Company
	  	GL	  	 AAI

	1/1/2006	  	1/1/2007	  	 HDC G21728007
	  	 Babcock & Wilcox Company - See attachment 217
	  	GL	  	 AAI

  

 Page 20 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2006	  	1/1/2007	  	 HDC G21728032
	  	 McDermott International, Inc.- See

attachment 238
	  	GL	  	 AAI

	1/1/2006	  	1/1/2007	  	 HDO G21727994
	  	 Babcock & Wilcox Company - See attachment 215
	  	GL	  	 AAI

	1/1/2006	  	1/1/2007	  	 HDO G21728020
	  	 McDermott International, Inc.
	  	GL	  	 AAI

	1/1/2006	  	1/1/2007	  	 ISA H07670965
	  	 McDermott International, Inc - See attachment 240
	  	Auto	  	 AAI

	1/1/2006	  	1/1/2007	  	 ISA H07670977
	  	 Babcock & Wilcox Company - See attachment 214
	  	Auto	  	 AAI

	1/1/2006	  	1/1/2007	  	 PLI G21728044
	  	 McDermott International, Inc. See attachment 239
	  	GL	  	 Illinois Union Insurance Company

	1/1/2006	  	1/1/2007	  	 SCF C44185520
	  	 Babcock & Wilcox Company - See attachment 5
	  	WC	  	 AAI

	1/1/2006	  	1/1/2007	  	 WCU C44185544
	  	 McDermott International, Inc. - See attachment 212
	  	XWC	  	 AAI

	1/1/2006	  	1/1/2007	  	 WLR C44185532
	  	 Babcock & Wilcox Company - See attachment 3
	  	WC	  	 AAI

	1/1/2006	  	1/1/2007	  	 WLR C44185556
	  	 McDermott International, Inc.
	  	WC	  	 AAI

	1/1/2006	  	1/1/2007	  	 XSL G21728056
	  	 McDermott International, Inc.- See attachment 237
	  	GL	  	 AAI

	1/1/2006	  	1/1/2007	  	 XSL G21728068
	  	 Babcock & Wilcox Company - See attachment 216
	  	GL	  	 AAI

	12/18/2006	  	12/18/2007	  	 CAL H07670928
	  	 National Ecology Company - See attachment 267
	  	AL	  	 AAI

	1/1/2007	  	1/1/2008	  	 HDC G21736727
	  	 McDermott International, Inc - See attachment 242
	  	GL	  	 AAI

	1/1/2007	  	1/1/2008	  	 HDC G21736764
	  	 Babcock & Wilcox Company - See attachment 229
	  	GL	  	 AAI

	1/1/2007	  	1/1/2008	  	 HDC G2372358A
	  	 BWXT Services, Inc. - See attachment 246
	  	GL	  	 AAI

  

 Page 21 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2007	  	1/1/2008	  	 HDO G21736739
	  	 McDermott International, Inc. - See attachment 243
	  	GL	  	 AAI

	1/1/2007	  	1/1/2008	  	 HDO G21736752
	  	 Babcock & Wilcox Company - See attachment 228
	  	GL	  	 AAI

	1/1/2007	  	1/1/2008	  	 ISA H07673206
	  	 McDermott International, Inc - See attachment 241
	  	Auto	  	 AAI

	1/1/2007	  	1/1/2008	  	 ISA H07673218
	  	 Babcock & Wilcox Company - See attachment 227
	  	Auto	  	 AAI

	1/1/2007	  	1/1/2008	  	 ISA H07834597
	  	 BWXT Services, Inc. - See attachment 245
	  	Auto	  	 AAI

	1/1/2007	  	1/1/2008	  	 SCF C44450653
	  	 Babcock & Wilcox Company - See attachment 9
	  	WC	  	 AAI

	1/1/2007	  	1/1/2008	  	 WCU C44450550
	  	 Babcock & Wilcox Investment Company
	  	WC	  	 AAI

	1/1/2007	  	1/1/2008	  	 WCU C44450604
	  	 McDermott International, Inc.
	  	XWC	  	 AAI

	1/1/2007	  	1/1/2008	  	 WLR C44450203
	  	 BWXT Services, Inc.
	  	WC	  	 AAI

	1/1/2007	  	1/1/2008	  	 WLR C44450616
	  	 Babcock & Wilcox Company - See attachment 4
	  	WC	  	 AAI

	1/1/2007	  	1/1/2008	  	 WLR C44450665
	  	 McDermott International, Inc.
	  	WC	  	 AAI

	1/1/2007	  	1/1/2008	  	 XSL G21736235
	  	 BWTX Services, Inc. - See attachment 247
	  	GL	  	 AAI

	1/1/2007	  	1/1/2008	  	 XSL G21736740
	  	 Babcock & Wilcox Company - See attachment 230
	  	GL	  	 AAI

	1/1/2007	  	1/1/2008	  	 XSL G21736776
	  	 McDermott International, Inc. - See attachment 244
	  	GL	  	 AAI

	1/1/2008	  	1/1/2009	  	 HDC G23734758
	  	 Babcock & Wilcox Company - See attachement 220
	  	GL	  	 AAI

	1/1/2008	  	1/1/2009	  	 HDC G23734783
	  	 McDermott International, Inc. - See attachment 249
	  	GL	  	 AAI

	1/1/2008	  	1/1/2009	  	 HDO G23734746
	  	 Babcock & Wilcox Company - See attachment 219
	  	GL	  	 AAI

  

 Page 22 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2008	  	1/1/2009	  	 HDO G23734795
	  	 McDermott International, Inc. - See attachment 250
	  	Gl	  	 AAI

	1/1/2008	  	1/1/2009	  	 ISA H0823839A
	  	 The Babcock &Wilcox Company - See attachment 221
	  	Auto	  	 AAI

	1/1/2008	  	1/1/2009	  	 ISA H08238418
	  	 McDermott International, Inc. - See attachment 251
	  	Auto	  	 AAI

	1/1/2008	  	1/1/2009	  	 PLI G2373476A
	  	 McDermott International, Inc. - See attachment 248
	  	GL	  	 AAI

	1/1/2008	  	1/1/2009	  	 SCF C44479825
	  	 The Babcock & Wilcox Company - See attachment 7
	  	WC	  	 AAI

	1/1/2008	  	1/1/2009	  	 WCU C44479850
	  	 McDermott International, Inc.
	  	XWC	  	 AAI

	1/1/2008	  	1/1/2009	  	 WLR C44478596
	  	 The Babcock & Wilcox Company
	  	WC	  	 AAI

	1/1/2008	  	1/1/2009	  	 WLR C44479813
	  	 The Babcock & Wilcox Company - See attachment 213
	  	WC	  	 IND

	1/1/2008	  	1/1/2009	  	 WLR C44479862
	  	 McDermott International, Inc.
	  	WC	  	 IND

	1/1/2008	  	1/1/2009	  	 XSL G23733766
	  	 The Babcock & Wilcox Company - See attachment 218
	  	GL	  	 AAI

	1/1/2009	  	1/1/2010	  	 HDC G23749154
	  	 McDermott International, Inc. - See attachment 254
	  	GL	  	 AAI

	1/1/2009	  	1/1/2010	  	 HDC G23749270
	  	 The Babcock & Wilcox Company - See attachment 223
	  	GL	  	 AAI

	1/1/2009	  	1/1/2010	  	 HDO G23749117
	  	 McDermott International, Inc - See attachment 252
	  	GL	  	 AAI

	1/1/2009	  	1/1/2010	  	 HDO G23749233
	  	 The Babcock & Wilcox Company - See attachment 225
	  	GL	  	 AAI

	1/1/2009	  	1/1/2010	  	 ISA H08252464
	  	 McDermott International, Inc - See attachment 256
	  	Auto	  	 AAI

	1/1/2009	  	1/1/2010	  	 ISA H08252506
	  	 The Babcock & Wilcox Company - See attachment 224
	  	Auto	  	 AAI

	1/1/2009	  	1/1/2010	  	 PLI G23749075
	  	 McDermott International, Inc. - See attachment 253
	  	GL	  	 AAI

  

 Page 23 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2009	  	1/1/2010	  	SCF C44356909	  	 Babcock & Wilcox Company - See attachment 6
	  	WC	  	AAI
	1/1/2009	  	1/1/2010	  	WCU C4435682A	  	 McDermott International, Inc.
	  	XWC	  	AAI
	1/1/2009	  	1/1/2010	  	WCU C44356867	  	 Babcock & Wilcox Investment Company
	  	WC	  	AAI
	1/1/2009	  	1/1/2010	  	WLR C44356788	  	 McDermott International, Inc.
	  	WC	  	IND
	1/1/2009	  	1/1/2010	  	WLR C44356946	  	 The Babcock & Wilcox Company - See attachment 226
	  	WC	  	IND
	1/1/2009	  	1/1/2010	  	WLR C44356983	  	 The Babcock & Wilcox Company - See attachment 8
	  	WC	  	AAI
	1/1/2009	  	1/1/2010	  	XSL G23749191	  	 McDermott International, Inc. - See attachment 255
	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	XSL G23749312	  	 The Babcock & Wilcox Company - See attachment 222
	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	HDC G24938463	  	 The Babcock & Wilcox Company - See attachment 234
	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	HDC G24938499	  	 McDermott International, Inc. - See attachment 258
	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	HDO G24938475	  	 The Babcock & Wilcox Company - See attachment 233
	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	ISA H0858381A	  	 McDermott International, Inc. - See attachmetn 259
	  	Auto	  	AAI
	1/1/2010	  	1/1/2011	  	PLI G24938505	  	 McDermott International, Inc. - See attachment 257
	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	SCF C45709516	  	 The Babcock & Wilcox Company - See attachment 236
	  	WC	  	AAI
	1/1/2010	  	1/1/2011	  	WCU C45709541	  	 McDermott International, Inc
	  	WC	  	AAI
	1/1/2010	  	1/1/2011	  	WLR C45709498	  	 The Babcock & Wilcox Company - See attachment 231
	  	WC	  	AAI
	1/1/2010	  	1/1/2011	  	WLR C45709504	  	 The Babcock & Wilcox Company - See attachment 232
	  	WC	  	IND

  

 Page 24 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2010	  	1/1/2011	  	 WLR C4570953A
	  	 McDermott International, Inc. - See attachment 261
	  	WC	  	 IND

	1/1/2010	  	1/1/2011	  	 XSL G24938451
	  	 The Babcock & Wilcox Company - See attachment 235
	  	GL	  	 AAI

	1/1/2010	  	1/1/2011	  	 XSL G24938487
	  	 McDermott International, Inc. - See attachment 260
	  	GL	  	 AAI

  

 Page 25 of 25 

 EXHIBIT IV – MII ENTITIES 

See Schedule 1.1(b) and Schedule 1.1(j) attached hereto. No MII Entity listed on Schedule 1.1(b) shall be deemed to be an
“Insured”, a “Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Insurance Agreement solely by virtue of being listed on such Schedule 1.1(b). 

 6/2/2010 
  

 Schedule 1.1(b) 

MII FORMER 
  

			
	 Reference ID
	  	  
	 947
	  	 Arabian General Contracting Company

	 911
	  	 Arabian Petroleum Marine Construction Company

	 8000
	  	 Associated Pipe Line Contractors, Inc.

	 117
	  	 Badya Builders, Inc.

	 242
	  	 Beheer-en Beleggingsmaatschappij Belesa B.V.

	 9996
	  	 BJA-Mentor Production Systems Limited

	 164
	  	 Brown & Root McDermott Fabricators Limited

	 277
	  	 Cayenne Insurance Company, Ltd.

	 629
	  	 CCC Fabricaciones y Construcciones S.A. de C.V.

	 940
	  	 Construcciones Maritimas Mexicanas, S.A. de C.V.

	 952
	  	 Davy McDermott Limited

	 921
	  	 DB/McDermott Company

	 1952
	  	 Deep Gulf Contractors LLC

	 171
	  	 Deep Sea Divers Australia Pty. Limited

		  	 Dick Evans, Inc.

	 997
	  	 ETPM International (UK) Limited

	 955
	  	 ETPM International S.A.S.

	 999
	  	 Far East Vessels, Inc.

	 108
	  	 First Emirates Trading Corporation

		  	 Harvey Lumber & Supply Company

	 174
	  	 Heavy Lift Chartering, Inc.

	 935
	  	 HeereMac v.o.f.

	 956
	  	 Heerema-McDermott (Aust.) Pty. Ltd.

	 190
	  	 Honore Insurance Company, Ltd.

	 917
	  	 Initec, Astano y McDermott International Inc., S.A.

		  	 Ingenieria Petrolera Maritima, S.A. de C.V.

		  	 Iranian Marine Contractors, Inc.

	 102
	  	 J. Ray McDermott & Co. (Nederland) B.V.

	 150
	  	 J. Ray McDermott (Aust.) Pty. Ltd.

	 151
	  	 J. Ray McDermott (U.K.) Inc.

	 350
	  	 J. Ray McDermott (Venezuela) C.A.

	 325
	  	 J. Ray McDermott Arctic Ltd.

  

 1 

 6/2/2010 
  

					
	 307
	  	 J. Ray McDermott Gulf Contractors, Inc.
	  	 (formerly the Early Company)

	 394
	  	 J. Ray McDermott International Services (No. 1) Limited
	  	
	 101
	  	 J. Ray McDermott International Services Limited
	  	
	 152
	  	 J. Ray McDermott London, Ltd.
	  	
	 641
	  	 J. Ray McDermott Marine Construction AS
	  	
	 1125
	  	 J. Ray McDermott Newfoundland, Ltd.
	  	
	 871
	  	 J. Ray McDermott Offshore Chartering (U.S.), Inc.
	  	
	 372
	  	 J. Ray McDermott Properties, Inc.
	  	
	 238
	  	 J. Ray McDermott Underwater Services, Inc.
	  	
	 603
	  	 J. Ray McDermott Venture Holdings (U.S.), Inc.
	  	
	 153
	  	 Jaramac Associated Services, Ltd.
	  	
		  	 Jaramac Petroleum (U.K.) Limited
	  	
		  	 Khafji Contractors, Inc.
	  	
	 166
	  	 Khor Contractors, Inc.
	  	
	 903
	  	 KME a.s.
	  	
	 324
	  	 Lan-Dermott, S.A. de C.V.
	  	
	 202
	  	 Madock Shipyard Company, Ltd.
	  	
	 203
	  	 Macshelf Marine Construction Company, Ltd.
	  	
	 106
	  	 Mandato Pty. Limited
	  	
	 360
	  	 Marine Contractors, Inc.
	  	
	 146
	  	 McAntille, N.V.
	  	
	 168
	  	 McDermott - ETPM V.O.F.
	  	
	 158
	  	 McDermott (Holland) B.V.
	  	
	 304
	  	 McDermott (Nigeria) Limited
	  	
	 245
	  	 McDermott Acquisition Company, Inc.
	  	
	 972
	  	 McDermott APG Services Limited
	  	
	 352
	  	 McDermott Azerbaijan Pipelines, Inc.
	  	
	 156
	  	 McDermott Azerbaijan, Inc.
	  	
	 351
	  	 McDermott Central & Eastern Europe, Inc.
	  	
		  	 McDermott de Mexico, S.A. de C.V.
	  	
	 118
	  	 McDermott Denmark ApS
	  	
	 464
	  	 McDermott Energy Services, Inc.
	  	
	 178
	  	 McDermott Engineering (Europe) Limited
	  	
		  	 McDermott Enterprises France, S.A.
	  	
	 128
	  	 McDermott Europe Marine Services, Ltd.
	  	
	 313
	  	 McDermott Industries, Inc.
	  	
	 354
	  	 McDermott Inland Services, Inc.
	  	

  

 2 

 6/2/2010 
  

					
	 201
	  	 McDermott International Asset Management, Ltd.
	  	
	 343
	  	 McDermott International Aviation, Inc.
	  	
	 346
	  	 McDermott International Aviation, Inc.
	  	 (formerly McDermott International Aviation Co., Inc.)

		  	 McDermott International (Deutschland) GmbH
	  	
	 237
	  	 McDermott International Engineering & Construction Co., Ltd.
	  	
	 139
	  	 McDermott International Engineering Investments N.V.
	  	
	 121
	  	 McDermott International General Services, Inc.
	  	
	 123
	  	 McDermott International Marine Services, Inc.
	  	
	 236
	  	 McDermott International Marketing, Inc.
	  	
	 143
	  	 McDermott Marine UK Limited
	  	
	 462
	  	 McDermott Marketing Services, Inc.
	  	
	 103
	  	 McDermott Middle East Trading, Ltd.
	  	
	 172
	  	 McDermott Neutral Zone, Inc.
	  	
		  	 McDermott Norway, Inc.
	  	
		  	 McDermott Petroleum (Iran), Inc.
	  	
	 105
	  	 McDermott Sakhalin, Inc.
	  	
	 347
	  	 McDermott Shipbuilding, Inc.
	  	
	 111
	  	 McDermott Singapore Pte. Ltd.
	  	
	 221
	  	 McDermott Submarine Cable Ltd.
	  	
	 1951
	  	 McDermott Submarine Cable Systems Limited
	  	
	 205
	  	 McDermott Subsea Constructors Limited
	  	
	 110
	  	 McDermott Transition Co., Inc.
	  	
		  	 McDermott UAR, Inc.
	  	
	 184
	  	 McDermott West Indies Company
	  	
	 187
	  	 McDermott-ETPM (Norway), Inc.
	  	
	 998
	  	 McDermott-ETPM (UK) Limited
	  	
	 963
	  	 McDermott-ETPM B.V.
	  	
	 161
	  	 McDermott-ETPM East B.V.
	  	
	 167
	  	 McDermott-ETPM East N.V.
	  	
	 964
	  	 McDermott-ETPM N.V.
	  	
	 965
	  	 McDermott-ETPM S.A.
	  	
	 962
	  	 McDermott-ETPM West, Inc.
	  	
	 104
	  	 Menck GmbH
	  	
	 463
	  	 Mentor Engineering Consultants Limited
	  	
	 131
	  	 MIMCO, Inc.
	  	
	 908
	  	 MMC-McDermott Engineering Sdn. Berhad
	  	
	 317
	  	 Mofco N.V.
	  	

  

 3 

 6/2/2010 
  

			
	 129
	  	 NOLA, Servicos E Participacoes Ltda.

	 141
	  	 Northern Marine Services, Inc.

	 107
	  	 Oceanic Red Sea Company

	 620
	  	 Offshore Angola, Ltd.

	 632
	  	 Offshore Energy Capital Corporation

	 622
	  	 Offshore Hyundai International Limited

	 630
	  	 Offshore Hyundai International, Ltd.

	 210
	  	 Offshore Marine Chartering N.V.

	 610
	  	 Offshore Petroleum Divers, Inc.

	 614
	  	 Offshore Pipelines (Mauritius) Ltd.

	 616
	  	 Offshore Pipelines Far East Limited

	 617
	  	 Offshore Pipelines International Gulf E.C.

	 633
	  	 Offshore Power Generation Ltd.

	 635
	  	 Offshore Production Vessels, Ltd.

	 615
	  	 OPI Offshore Netherlands Holding B.V.

	 611
	  	 OPI Sales & Service Corporation

	 628
	  	 OPI Towing & Supply, L.L.C.

	 624
	  	 OPMI, E.C.

	 613
	  	 P. T. Armandi Pranaupaya

	 850
	  	 Panama Offshore Chartering Company 1, Inc.

	 859
	  	 Panama Offshore Chartering Company 10, Inc.

	 860
	  	 Panama Offshore Chartering Company 11, Inc.

	 861
	  	 Panama Offshore Chartering Company 12, Inc.

	 862
	  	 Panama Offshore Chartering Company 13, Inc.

	 863
	  	 Panama Offshore Chartering Company 14, Inc.

	 864
	  	 Panama Offshore Chartering Company 15, Inc.

	 865
	  	 Panama Offshore Chartering Company 16, Inc.

	 866
	  	 Panama Offshore Chartering Company 17, Inc.

	 867
	  	 Panama Offshore Chartering Company 18, Inc.

	 868
	  	 Panama Offshore Chartering Company 19, Inc.

	 851
	  	 Panama Offshore Chartering Company 2, Inc.

	 869
	  	 Panama Offshore Chartering Company 20, Inc.

	 870
	  	 Panama Offshore Chartering Company 21, Inc.

	 852
	  	 Panama Offshore Chartering Company 3, Inc.

	 853
	  	 Panama Offshore Chartering Company 4, Inc.

	 854
	  	 Panama Offshore Chartering Company 5, Inc.

	 855
	  	 Panama Offshore Chartering Company 6, Inc.

  

 4 

 6/2/2010 
  

			
	 856
	  	 Panama Offshore Chartering Company 7, Inc.

	 857
	  	 Panama Offshore Chartering Company 8, Inc.

	 858
	  	 Panama Offshore Chartering Company 9, Inc.

	 154
	  	 Panama Offshore Chartering Company, Inc.

	 990
	  	 Personal Administrativo de Vera Cruz, S.A. de C.V.

	 991
	  	 Personal Ejecutivo de Veracruz, S.A. de C.V.

	 645
	  	 Pirogue Insurance Company, Ltd.

	 981
	  	 Sakhalin Energy Investment Company, Ltd.

	 384
	  	 Samburg Holdings, Inc.

	 109
	  	 Sharman, Allen, Gay & Taylor, S.A.

	 989
	  	 Tallares Navales del Golfo, S.A. de C.V.

		  	 The Evelyn Kay Company

		  	 The Roger Thomas Company

		  	 The Rosalie E. Company

		  	 The Walter E. Company

	 634
	  	 TL Marine Sdn. Bhd.

	 621
	  	 TL Offshore Sdn. Bhd.

	 926
	  	 Topside Contractors of Newfoundland

	 925
	  	 Topside Contractors of Newfoundland, Ltd.

	 642
	  	 U.S. Offshore Chartering

	 918
	  	 Universal Fabricators Incorporated

	 980
	  	 US Shipbuilding Corporation, Inc.

	 318
	  	 Wagley, Inc.

  

 5 

 6/2/2010 

Schedule 1.1(j) 

MII - CURRENT 
  

					
	 CURRENT
Reference ID
	  	 Name
	  	  
	 873
	  	 Barmada McDermott (L) Limited
	  	
	 1953
	  	 Barmada McDermott Sdn. Bhd.
	  	
	 276
	  	 Boudin Insurance Company, Ltd.
	  	
	 939
	  	 Caspian Offshore Fabricators LLC
	  	
	 116
	  	 Chartering Company (Singapore) Pte. Ltd.
	  	
	 142
	  	 Eastern Marine Services, Inc.
	  	
	 249
	  	 Global Energy - McDermott Limited
	  	
	 140
	  	 Hydro Marine Services, Inc.
	  	
	 649
	  	 International Vessels Ltd.
	  	
	 148
	  	 J. Ray McDermott (Aust.) Holding Pty. Limited
	  	
	 1982
	  	 J. Ray McDermott (Caspian), Inc.
	  	 (formerly J. Ray McDermott Diving International, Inc.)

	 243
	  	 J. Ray McDermott (Nigeria) Ltd.
	  	
	 2025
	  	 J. Ray McDermott (Norway), AS
	  	
	 1237
	  	 J. Ray McDermott (Qingdao) Pte. Ltd.
	  	
	 194
	  	 J. Ray McDermott Asia Pacific Pte. Ltd.
	  	 (formerly McDermott South East Asia Pte. Ltd.)

	 1972
	  	 J. Ray McDermott Canada Holding, Ltd.
	  	
	 1969
	  	 J. Ray McDermott Canada, Ltd.
	  	
	 204
	  	 J. Ray McDermott Contractors, Inc.
	  	
	 246
	  	 J. Ray McDermott de Mexico, S.A. de C.V.
	  	
	 208
	  	 J. Ray McDermott Eastern Hemisphere Limited
	  	 (formerly J. Ray Middle East (Indian Ocean) Ltd.)

	 1956
	  	 J. Ray McDermott Engineering Services Private Limited
	  	
	 1950
	  	 J. Ray McDermott Engineering, LLC
	  	
	 220
	  	 J. Ray McDermott Far East, Inc.
	  	
	 211
	  	 J. Ray McDermott Holdings, LLC
	  	 (formerly J. Ray McDermott Holdings, Inc.)

	 627
	  	 J. Ray McDermott International Vessels, Ltd.
	  	 (formerly OPI International, Ltd.)

	 602
	  	 J. Ray McDermott International, Inc.
	  	
	 160
	  	 J. Ray McDermott Investments B.V.
	  	 (formerly Menck B.V.)

	 1958
	  	 J. Ray McDermott Kazakhstan Limited Liability Partnership
	  	
	 1975
	  	 J. Ray McDermott Logistic Services Pvt. Limited
	  	
	 136
	  	 J. Ray McDermott Middle East, Inc.
	  	
	 239
	  	 J. Ray McDermott Solutions, Inc.
	  	 (formerly J. Ray McDermott Engineering Holdings, Inc.)

	 625
	  	 J. Ray McDermott Technology, Inc.
	  	
	 1957
	  	 J. Ray McDermott UK Ltd.
	  	

  

 1 

 6/2/2010 
  

					
	 1960
	  	 J. Ray McDermott Underwater Services, Inc.
	  	
	 248
	  	 J. Ray McDermott West Africa Holdings, Inc.
	  	
	 244
	  	 J. Ray McDermott West Africa, Inc.
	  	
	 601
	  	 J. Ray McDermott, Inc.
	  	
	 207
	  	 J. Ray McDermott, S.A.
	  	
	 644
	  	 Lagniappe Insurance Company, Ltd.
	  	
	 193
	  	 Malmac Sdn. Bhd.
	  	
	 132
	  	 McDermott (Malaysia) Sendirian Berhad
	  	
	 904
	  	 McDermott Abu Dhabi Offshore Construction Company
	  	
	 915
	  	 McDermott Arabia Company Limited
	  	
	 149
	  	 McDermott Australia Pty. Ltd.
	  	 (formerly McDermott Industries (Aust.) Pty. Limited)

	 183
	  	 McDermott Azerbaijan Marine Construction, Inc.
	  	
	 241
	  	 McDermott Caspian Contractors, Inc.
	  	
	 275
	  	 McDermott Cayman Ltd.
	  	
	 181
	  	 McDermott Far East, Inc.
	  	
	 133
	  	 McDermott Gulf Operating Company, Inc.
	  	
	 177
	  	 McDermott Holdings (U.K.) Limited
	  	
	 300
	  	 McDermott Incorporated
	  	
	 147
	  	 McDermott International B.V.
	  	
	 120
	  	 McDermott International Investments Co., Inc.
	  	
	 119
	  	 McDermott International Marine Investments N.V.
	  	
	 213
	  	 McDermott International Marketing, Inc.
	  	 (formerly McDermott International Beijing, Inc.)

	 130
	  	 McDermott International Trading Co., Inc.
	  	
	 1971
	  	 McDermott International Vessels, Inc.
	  	
	 100
	  	 McDermott International, Inc.
	  	
	 1962
	  	 McDermott Kft.
	  	
	 349
	  	 McDermott Marine Construction Limited
	  	
	 1986
	  	 McDermott Marine Mexico, S.A. de C.V.
	  	
	 135
	  	 McDermott Offshore Services Company, Inc.
	  	
	 176
	  	 McDermott Old JV Office, Inc.
	  	
	 162
	  	 McDermott Overseas Investment Co. N.V.
	  	
	 390
	  	 McDermott Overseas, Inc.
	  	
	 1966
	  	 McDermott Panama Holdings, S.A.
	  	
	 170
	  	 McDermott Servicos de Construcao, Ltda.
	  	
	 320
	  	 McDermott Trade Corporation
	  	
	 306
	  	 Mentor Subsea Technology Services, Inc.
	  	
	 138
	  	 North Atlantic Vessel, Inc.
	  	

  

 2 

 6/2/2010 
  

					
	 2021
	  	 North Ocean II AS
	  	
	 2023
	  	 North Ocean II KS
	  	
	 2022
	  	 North Ocean V AS
	  	
	 612
	  	 Offshore Pipelines International, Ltd.
	  	
	 618
	  	 Offshore Pipelines Nigeria Limited
	  	
	 619
	  	 Offshore Pipelines Sdn. Bhd.
	  	
	 626
	  	 OPI Vessels, Inc.
	  	
	 623
	  	 OPMI, Ltd.
	  	
	 185
	  	 P. T. Bataves Fabricators
	  	
	 180
	  	 P. T. McDermott Indonesia
	  	
	 901
	  	 PT. Baja Wahana Indonesia
	  	 (formerly P.T. Babcock & Wilcox Indonesia)

	 643
	  	 PT. J. Ray McDermott Indonesia
	  	 (formerly PT. Jay Ray)

	 636
	  	 Sabine River Realty, Inc.
	  	
	 1977
	  	 Servicios de Fabricacion de Altamira, S.A. de C.V.
	  	
	 1976
	  	 Servicos Profesionales de Altamira, S.A. de C.V.
	  	
	 2019
	  	 Singapore Huangdao Pte. Ltd.
	  	
	 640
	  	 SparTEC, Inc.
	  	 (formerly J. Ray McDermott Spars, Inc.)

	 145
	  	 Varsy International N.V.
	  	

  

 3 

 EXHIBIT V 

ACE AFFILIATES 

ACE American Insurance Company 

ACE Fire Underwriters Insurance Company 

ACE Indemnity Insurance Company 

ACE Insurance Company of the Midwest 

ACE Property and Casualty Insurance Company 

Illinois Union Insurance Company 

Indemnity Insurance Company of North America 

Insurance Company of North America 

Pacific Employers Insurance Company 

Bankers Standard Insurance Company 

Atlantic Employers Insurance Company 

 EXHIBIT VI –FOREIGN INSURANCE AGREEMENTS 

 

									
	 EFFECTIVE

DATE/

YEAR
	  	 PARTIES
	  	 TYPE
	  	 PROGRAMS

COVERED
	  	 POLICIES

COVERED

	 1985
	  	Mcdermott Int., Inc. and Insurance Co. of N.A.	  	High Deductible Agreement	  	General Liability
 Auto
Liability
	  	XWC11051
 ISGG05111444

92HF60007

92HF60006

	 1986
	  	Mcdermott Int., Inc. and Insurance Co. of N.A.	  	High Deductible Agreement	  	General Liability
 Auto
Liability
	  	XWC11075
 ISA480419

OGLGO511414-7

HDCGO511431-7

 EXHIBIT VI (Continued) 

 

					
	 Name Of Agreement
	  	 Party To Agreement
	  	 Effective Date of Agreement

	 Security Agreement
	  	 McDermott International, Inc and CIGNA Property and Casualty Insurance Company
	  	April 1, 1992
			
	 Security Agreement
	  	 McDermott International, Inc and CIGNA Property and Casualty Insurance Company
	  	April 1, 1993
			
	 Indemnity and Security

Agreement
	  	 McDermott International, Inc. and CIGNA Insurance Company and Seguros CIGNA, S.A.
	  	December 19, 1995
			
	 Security Agreement
	  	 McDermott International, Inc. and CIGNA Insurance Company
	  	April 1, 1996
			
	 Pledge and Security

Agreement
	  	 Pledgor: McDermott International, Inc.

Pledgees:CIGNA Property and Casualty CIGNA Insurance Company
	  	September 15, 1997
			
	 Security Agreement
	  	 McDermott International, Inc. and ACE American Insurance Company
	  	January 1, 2004
			
	 INAMAR Claims

Service Agreement
	  	 McDermott International, Inc. and INAMAR
	  	Annual agreements
 incepting January 1,

 2001 – December 31,

2005

			
	 INAMAR Claims

Service Agreement
	  	 McDermott International LLC, and Babcock and Wilcox and INAMAR
	  	Effective with respect
 to Claims
resulting
 from occurrences

during the period

beginning 12:00am

January 1, 2006

			
	 Security Agreement
	  	 McDermott International, Inc. and ACE American Insurance Company
	  	January 1, 2006

 EXHIBIT VII –FOREIGN POLICIES 

 

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy
or
Policies

	 1 Jan 2007 -

31 December 2007
	  	B1003	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043526
	  	  	  	Automobile	  	ACE American Ins. Co.	  	CMX043527
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043525
						
	 1 Jan 2007 -

31 December 2007
	  	B1004	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043526
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043525
						
	 1 Jan 2005 -

31 December 2005
	  	C1001	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043411
	  	  	  	Automobile	  	ACE American Ins. Co.	  	CMX043412
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043410
						
	 1 Jan 2006 -

31 December 2006
	  	C1001	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043526
	  	  	  	Automobile	  	ACE American Ins. Co.	  	CMX043527
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043525
						
	 1 Jan 2005 -

31 December 2005
	  	C1002	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043411
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043410
						
	 1 Jan 2006 -

31 December 2006
	  	C1002	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043411
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043410
						
	 1 January 1974 -

31 December 1974
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or
constituted	  	Workers Comp.	  	CIGNA	  	50HF2295
	  	  	  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 January 1975 -

31 December 1975
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or
constituted	  	Workers Comp.	  	CIGNA	  	50HF2296
	  	  	  	General & Auto	  	CIGNA	  	45HF3278

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing
Company
	  	 RelatingACE
Policy
or
Policies

						
	 1 January 1976 -

31 December 1976
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2296
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3278
						
	 1 January 1977 -

31 December 1977
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2296
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3278
						
	 1 January 1978 -

31 December 1978
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2296
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 January 1979 -

31 December 1979
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2295
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 January 1980 -

1 April 1981
	  	23002	  	 Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or
hereafter existing, acquired or constituted
  

McDermott International Inc effective March 14, 1980
	  	Workers Comp.	  	CIGNA	  	50HF2295
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 April 1981 -
	  	23002	  	McDermott International	  	Workers Comp.	  	CIGNA	  	50HF2295

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy or

Policies

	 1 April 1982
	  		  	Incorporated	  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 April 1982 -

1 April 1983
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG1163

						
	 1 April 1983 -

1 April 1984
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG351763

						
	 1 April 1984 -

1 April 1985
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG351764

						
	 1 April 1985 -

1 April 1986
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG351763

						
	 1 April 1986 -

1 April 1987
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	Aetna Insurance Company	  	 92AET-34599,

92AET-34598 &

28AET-41012 NO

						
	 1 April 1987 -

1 April 1988
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	Aetna Insurance Company	  	 92AET-34599,

92AET-34598 &

28AET-41012

						
	 1 April 1988 -

1 April 1989
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	Aetna Insurance Company	  	 92AET-34599,

92AET-34598 &

28AET-41012

						
	 1 April 1989 -

1 April 1990
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy or

Policies

	 1 April 1990 -

1 April 1991
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

						
	 1 April 1991 -

1 April 1992
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

						
	 1 April 1992 -

1 April 1993
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation / Employer’s Liability / Comprehensive General and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

						
	 1 April 1993 -

1 April 1994
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1994 -

1 April 1995
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1995 -

1 April 1996
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1996 -

1 April 1997
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1997 -

1 April 1998
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy or

Policies

	 1 April 1998 -

1 April 1999
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1999 -

31 December 1999
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2000 -

31 December 2000
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability / Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2001 -

31 December 2001
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability / Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2002 -

31 December 2002
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2003 -

31 December 2003
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 April 1986 -

1 April 1987
	  	23010	  	McDermott International Inc. et al	  	 worker’s compensation,

voluntary compensation of

employer’s liability coverages
	  	CIGNA	  	92AET-34599
	  	  	  	General Liability coverages	  	CIGNA	  	92AET-34598
	  	  	  	Auto Liability coverages	  	CIGNA	  	 28AET-41012

87-88

						
	1 April 1987 - 
1 April 1988	  	23010	  	McDermott International Inc. et al	  	worker’s compensation, voluntary compensation of employer’s liability coverages	  	CIGNA	  	92AET-34599
	  	  	  	General Liability Coverages	  	CIGNA	  	92AET-34598

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing
Company
	  	 Relating ACE
Policy
or
Policies

	 1 April 1988 -

1 April 1989
	  	23010	  	McDermott International Inc. et al	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	92AET-41640
	  	  	  	General Liability Coverages	  	CIGNA	  	92AET-41639
						
	 1 April 1989 -

1 April 1990
	  	23010	  	McDermott International Inc. et al	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1990 -

1 April 1991
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1991 -

1 April 1992
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1992 -

1 April 1993
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1993 -

1 April 1994
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1994 -

1 April 1995
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1995 -

1 April 1996
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX043411

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy
or
Policies

	 1 April 1996 -

1 April 1997
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1997 -

1 April 1998

	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1998 -

1 April 1999
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1999 -

31 December 1999
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 January 2000 -

31 December 2000
	  	23010	  	McDermott International Inc.	  	 worker’s
compensation,

voluntary
compensation

of employer’s
liability

coverages
	  	ACE American Ins. Co.	  	CMX043410
	  	  	  	General
Liability
Coverages	  	ACE American Ins. Co.	  	CMX043411Novation and Assumption Agreement among ACE American Insurance Company

 Exhibit 10.7 

GROUP II AGREEMENT- EXECUTION VERSION 

NOVATION AND ASSUMPTION AGREEMENT 

by and among 

ACE American Insurance Company, acting for itself and its affiliates including, without 

limitation, Pacific Employers Insurance Company; 

ACE INA Insurance Company; 

ACE Insurance Company; 

Insurance Company of North America 

and 
 Creole
Insurance Company, Ltd., a Bermuda company, 
 and 

Boudin Insurance Company, Ltd., a Bermuda company 

RECITALS 

THIS NOVATION AND ASSUMPTION AGREEMENT (the “Agreement”), is entered into and effective as of
May 18, 2010 (the “Effective Date”) by and among ACE American Insurance Company, individually and acting for the ACE Affiliates (in such capacities, the “Company”), Creole Insurance Company, Ltd., a Bermuda
company (“Creole”), and Boudin Insurance Company, Ltd., a Bermuda company (“Boudin”). 

WHEREAS, the Company and/or the ACE Affiliates have entered into the Existing Reinsurance Agreements with Creole
and Boudin; and 
 WHEREAS, pursuant to the Existing Reinsurance Agreements, Creole and Boudin are
obligated, among other things, to reinsure the Company and/or the ACE Affiliates with regard to certain Existing Policies; and 

WHEREAS, Creole, prior to the Separation, is a wholly owned Subsidiary of MII; and 

WHEREAS, MII intends to spin-off the B&W Entities (including Creole) from MII in connection with a dividend of
common stock of B&W to the shareholders of MII (the “Separation”); and 
 WHEREAS,
in connection with the Separation, the Parties wish to provide that Boudin be the reinsurer with respect to cessions arising from the operations, business, or property of MII and that Creole be the reinsurer with respect to cessions arising from the
operations, business, or property of B&W, in each case whether such obligations were existing, accruing or arising before, on or after the Effective Date; and 

WHEREAS, the Company, on its own behalf and on behalf of the ACE Affiliates, is willing to consent to the
transfer, assumption, and novation of the matters as set forth herein, subject to the terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the mutual promises set out herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 1.
Definitions. The following terms used herein, including in the recitals and Exhibits hereto, shall have the following meanings: 

“ACE Affiliate” means each Affiliate of ACE that has issued an Existing Policy, including
Pacific Employers Insurance Company, ACE INA Insurance Company, ACE Insurance Company and Insurance Company of North America. 

 “Affiliate” means, with respect to any
specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose “control” of a Person means the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the recitals to this Agreement. 

“ALAA” means the Assumption and Loss Allocation Agreement, dated as of the date hereof,
among the Company, B&W, MII and certain other MII Entities and B&W Entities signatory thereto. 

“Assumption Time” means midnight (New York time) on the Effective Date. 

“B&W” means Babcock & Wilcox Holdings, Inc., a Delaware corporation, to be
succeeded by The Babcock & Wilcox Company, a Delaware corporation, after the effective time of the merger, to occur after the date hereof, of Babcock & Wilcox Holdings, Inc., with and into The Babcock & Wilcox Company, the
surviving entity of such merger. 
 “B&W Entity” means B&W and each of
the entities listed on Exhibit I attached hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the B&W Entities will not be Subsidiaries or Affiliates of MII or any of
the other MII Entities. 
 “Boudin Assumption and Novation” has the meaning set
forth in Section 2(a). 
 “Boudin LOC” has the meaning set forth in
Section 3(a). 
 “Company” has the meaning set forth in the recitals to
this Agreement. 
 “Company B&W Obligation” means any obligation of the
Company or an ACE Affiliate to or for the benefit of an Insured under an Existing Policy that arises, will arise, or has arisen from the operations, business, or property of a B&W Entity. 

“Company MII Obligation” means any obligation of the Company or an ACE Affiliate to or
for the benefit of an Insured under an Existing Policy that arises, will arise, or has arisen from the operations, business, or property of an MII Entity. 

“Creole Assumption and Novation” has the meaning set forth in Section 2(c).

 “Creole LOC” has the meaning set forth in Section 3(b). 

“Effective Date” has the meaning set forth in the recitals to this Agreement. 

“ESIS” means ESIS, Inc., an Affiliate of the Company. 

“Existing Collateral” means any and all letters of credit or trust agreements outstanding
as of the date hereof provided by or required to be provided by Creole or Boudin under the terms of any Existing Reinsurance Agreement in order to secure obligations arising thereunder. 

“Existing Policy” means each policy of general liability insurance, automobile liability
insurance, or workers compensation insurance issued prior to the date hereof by the Company or an ACE Affiliate to one or more B&W Entities and/or one or more MII Entities that is subject to an Existing Reinsurance Agreement. 

“Existing Reinsurance Agreement” means each reinsurance agreement (whether denominated a
treaty, a reinsurance policy, a reinsurance agreement, a facultative certificate, or otherwise) in which (a) Creole or Boudin is the reinsurer, (b) one or more of the Company and/or ACE Affiliates is or are the reinsureds, and (c) the
ceded risk includes risk under any Existing Policy. “Existing Reinsurance Agreements” shall not mean or include any Existing Security Agreements (as defined below). Exhibit II attached hereto and made a part hereof reflects the
Parties’ best efforts to list all Existing Reinsurance Agreements, but the definitions in this Agreement shall control in the event of any errors or omissions on such Exhibit. 

 

 2 

 “Existing Security Agreements” shall mean
and include any trust agreement, collateral agreement, pledge and security agreement or other similar contract between the Company or an ACE Affiliate and Boudin or between the Company or an ACE Affiliate and Creole, which was entered into in
connection with or pursuant to any Existing Reinsurance Agreement (as defined above), and which are embodied in separately-executed written instruments. 

“Go-Forward Boudin Obligations” means the obligations of Boudin under (a) the
Transferable Boudin Reinsurance Agreements, (b) the Novated-to-Boudin Reinsurance Agreements and (c) the Wholly Retained Boudin Reinsurance Agreements, in each case after giving effect to the transfers, assumptions, novations, and releases
effected by this Agreement. 
 “Go-Forward Creole Obligations” means the
obligations of Creole under (a) the Transferable Creole Reinsurance Agreements, (b) the Novated-to-Creole Reinsurance Agreements and (c) the Wholly Retained Creole Reinsurance Agreements, in each case after giving effect to the
transfers, assumptions, novations, and releases effected by this Agreement. 

“Insured,” as a noun in reference to one or more insurance policies, means any Person who
is insured by such policy or policies, regardless of whether such Person is designated an “Insured” or a “Named Insured” in such policy or is otherwise expressly identified therein. 

“Master Separation Agreement” means a Master Separation Agreement to be entered into
between MII and The Babcock & Wilcox Company in connection with the Separation. 

“MII” means McDermott International, Inc., a Panamanian corporation. 

“MII Entity” means MII and each of the entities listed on Exhibit III attached
hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the MII Entities will not be Subsidiaries or Affiliates of B&W or any of the other B&W Entities. 

“Novated Reinsurance Agreement” means a Novated-to-Boudin Reinsurance Agreement or a
Novated-to-Creole Reinsurance Agreement. 
 “Novated-to-Boudin Reinsurance
Agreement” means, as to any Transferable Creole Reinsurance Agreement after the Assumption Time and giving effect to this Agreement, the aggregate of (a) all rights, duties, and obligations of Boudin to and in respect of the Company
under such Transferable Creole Reinsurance Agreement as and to the extent novated to Boudin, and (b) all rights, duties, and obligations of the Company to and in respect of Boudin under such Transferable Creole Reinsurance Agreement as and to
the extent novated to Boudin. 
 “Novated-to-Creole Reinsurance Agreement”
means, as to any Transferable Boudin Reinsurance Agreement after the Assumption Time and giving effect to this Agreement, the aggregate of (a) all rights, duties, and obligations of Creole to and in respect of the Company under such
Transferable Boudin Reinsurance Agreement as and to the extent novated to Creole, and (b) all rights, duties, and obligations of the Company to and in respect of Creole under such Transferable Boudin Reinsurance Agreement as and to the extent
novated to Creole. 
 “Organizational Documents” means (a) with respect to
any corporation, its certificate or articles of incorporation or organization and its bylaws, (b) with respect to any limited partnership, its certificate of limited partnership and its partnership agreement, (c) with respect to any
general partnership, its partnership agreement, and (d) with respect to any limited liability company, its certificate or articles of formation or organization and its operating agreement or other organizational documents. 

“Parties” means the Company, Creole and Boudin, collectively (and each individually is a
“Party”). 
 “Person” means an individual, a partnership, a
corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, a union, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 

“Separation” has the meaning set forth in the recitals to this Agreement. 

 

 3 

 “Subsidiary” means, with respect to any
specified Person, any corporation, partnership, limited liability company, joint venture or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary
voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such specified Person or by any one or
more of its Subsidiaries, or by such specified Person and one or more of its Subsidiaries. 

“Substituted Collateral” means the MII LOC and the B&W LOC. 

“Transferable Boudin Reinsurance Agreements” means those Existing Reinsurance Agreements
in which Boudin is the reinsurer and that reinsure, in whole or in part and whether or not including other obligations, Company B&W Obligations. 

“Transferable Creole Reinsurance Agreements” means those Existing Reinsurance Agreements
in which Creole is the reinsurer and that reinsures, in whole or in part and whether or not including other obligations, Company MII Obligations. 

“Wholly Retained Boudin Reinsurance Agreement” means an Existing Reinsurance Agreement in
which Boudin is the reinsurer and that is not a Transferable Boudin Reinsurance Agreement. 

“Wholly Retained Creole Reinsurance Agreement” means an Existing Reinsurance Agreement in
which Creole is the reinsurer and that is not a Transferable Creole Reinsurance Agreement. 
 2.
Assumption and Novation. 
 (a) Boudin Assumption and Novation. Notwithstanding
anything in any Transferable Creole Reinsurance Agreement to the contrary, and effective as of the Assumption Time, Creole hereby transfers and assigns, and Boudin hereby assumes by novation, so much of each Transferable Creole Reinsurance Agreement
as reinsures any Company MII Obligation. In connection with such transfer, assignment, and novation: 

(i) Boudin hereby agrees to observe, pay, perform, satisfy, fulfill and discharge, to the extent and in
the manner required under the applicable Transferable Creole Reinsurance Agreement, any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of Creole under the Transferable Creole Reinsurance
Agreement with respect to the Company MII Obligations insofar as transferred above (the “Boudin Assumption and Novation”); and 

(ii) The Company and each ACE Affiliate hereby consent to, and agree to give full force and effect to, the
Boudin Assumption and Novation. From and after the Assumption Time, Boudin and not Creole shall be treated as the Company’s (or applicable ACE Affiliate’s) contractual counterparty with respect the contracts and mutual rights and
obligations subject to the Boudin Assumption and Novation. Without limitation, the Company and each ACE Affiliate, as applicable: 
  

	 	a	 may enforce against Boudin its rights with respect to the Company MII Obligations under the Transferable Creole Reinsurance Agreements to the same
extent such Person could, prior to the Boudin Assumption and Novation, enforce such rights against Creole, and 

  

	 	b	 shall perform for the benefit of Boudin any obligation with respect to the Company MII Obligations under the Transferable Creole Reinsurance
Agreements to the same extent such Person was obligated, prior to the Boudin Assumption and Novation, to perform such obligations for the benefit of Creole, and 

 

	 	c	 releases Creole from its obligation to observe, pay, perform, satisfy, fulfill or discharge any obligations under any Transferable Creole
Reinsurance Agreements with respect to any Company MII Obligation. 

 (b)
No Transfer or Novation of Creole Obligations arising from B&W Operations. The Wholly Retained Creole Reinsurance Agreements are not novated or otherwise affected by the Boudin Assumption

  

 4 

 
and Novation. The Transferable Creole Reinsurance Agreements are novated to Boudin as set forth above only to the extent that they reinsure Company MII Obligations. To the extent that the
Transferable Creole Reinsurance Agreements reinsure Company B&W Obligations, the Parties acknowledge that Creole and not Boudin shall continue to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter
arising duties, terms, provisions, covenants, obligations and liabilities of the reinsurer under the Transferable Creole Reinsurance Agreements. 

(c) Creole Assumption and Novation. Notwithstanding anything in any Transferable Boudin Reinsurance
Agreement to the contrary, and effective as of the Assumption Time, Boudin hereby transfers and assigns, and Creole hereby assumes by novation so much of each Transferable Boudin Reinsurance Agreement as reinsures any Company B&W Obligation. In
connection with such transfer and assignment, 
 (i) Creole hereby agrees to observe, pay,
perform, satisfy, fulfill and discharge, to the extent and in the manner required under the applicable Transferable Boudin Reinsurance Agreement, any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and
liabilities of Boudin under the Transferable Boudin Reinsurance Agreements with respect to the Company B&W Obligations insofar as transferred above (the “Creole Assumption and Novation”); and 

(ii) The Company and each ACE Affiliate hereby consent to, and agree to give full force and effect to, the
Creole Assumption and Novation. From and after the Assumption Time, Creole and not Boudin shall be treated as the Company’s (or applicable ACE Affiliate’s) contractual counterparty with respect the contracts and mutual rights and
obligations subject to the Creole Assumption and Novation. Without limitation, the Company and each ACE Affiliate, as applicable: 
  

	 	a	 may enforce against Creole its rights under the Transferable Boudin Reinsurance Agreements to the same extent such Person could, prior to the Creole
Assumption and Novation, enforce such rights against Boudin, and 

  

	 	b	 shall perform for the benefit of Creole any obligation under the Transferable Boudin Reinsurance Agreements to the same extent such Person was
obligated, prior to the Creole Assumption and Novation, to perform such obligations for the benefit of Boudin, and 

  

	 	c	 releases Boudin from its obligation to observe, pay, perform, satisfy, fulfill or discharge any obligations under any Transferable Boudin
Reinsurance Agreements with respect to any Company B&W Obligation. 

 (d)
No Transfer or Novation of Boudin Obligations arising from MII Operations. The Wholly Retained Boudin Reinsurance Agreements are not novated or otherwise affected by the Creole Assumption and Novation. The Transferable Boudin Reinsurance
Agreements are novated to Creole as set forth above only to the extent that they reinsure Company B&W Obligations. To the extent that the Transferable Boudin Reinsurance Agreements reinsure Company MII Obligations, the Parties acknowledge that
Boudin and not Creole shall continue to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of the reinsurer under the Transferable
Boudin Reinsurance Agreements. 
 (e) No Effect on Aggregate Limits of Liability. For the
avoidance of doubt, it is understood and agreed that the aggregate liability of Creole and Boudin, taken together, under the Existing Reinsurance Agreements (or any of them) is not intended to be, and shall be deemed not to be, increased by
implementation of this Agreement. In particular, and without limitation, to the extent that any Transferable Creole Reinsurance Agreement (or Transferable Boudin Reinsurance Agreement) contains an aggregate limit of liability, that aggregate limit
of liability shall, after the Assumption Time, apply as a single, joint aggregate limit of liability as between (i) the resulting Novated Reinsurance Agreement and (ii) the portions of the Transferable Creole Reinsurance Agreement (or
Transferable Boudin Reinsurance Agreement) that are retained pursuant to Section 2(b) (or Section 2(d)) above. Neither Creole or Boudin shall have any further liability under a Novated Reinsurance Agreement upon actual exhaustion by
payment of the single, joint aggregate limit of liability thereunder; provided, however, that each of Creole and Boudin agree that 

 

 5 

 
the Company may determine the order in which any such single, joint aggregate limit of liability may be payable by each of them under such Novated Reinsurance Agreement, and provided further that
(x) neither Creole or Boudin may refuse to pay any amount due to the Company on the basis of any claim or contention that in determining the order in which such limits are to be paid thereunder, the Company has not acted in good faith or has
acted improperly, and (y) neither Creole nor Boudin may assert any such claim or contention as a defense to liability or payment or otherwise. 

3. Collateral. 

(a) Boudin LOC. 

(i) Boudin (including for purposes of this Section 3, and if MII and Boudin so elect, MII on
Boudin’s behalf) will, within fifteen (15) days after the Effective Date, provide to the Company, as beneficiary thereof, an irrevocable letter of credit (the “Boudin LOC”) in an amount of $696.00 (which amount shall be
less than the aggregate amount of the Existing Collateral), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit in writing from time
to time. The Boudin LOC shall secure the Go-Forward Boudin Obligations. 
 (ii) The Boudin LOC
shall be “evergreen,” meaning that it shall provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to
the Boudin LOC’s anniversary date. If the Company permits Boudin to provide collateral in a form other than the Boudin LOC, Boudin shall provide such collateral in an amount and form acceptable to the Company. 

(iii) Boudin shall continue to provide the Boudin LOC (or other collateral acceptable to the Company) as
security for payment of the Go-Forward Boudin Obligations, until the Company determines that there is no longer any need for such collateral. If there shall be a material deterioration in the financial condition of the bank or other financial
institution which has issued the Boudin LOC, the Company shall have the right to require Boudin to replace the Boudin LOC with a new letter of credit with similar terms issued by a bank or other financial institution then acceptable to the Company.

 (iv) The Company shall have the right to draw against the Boudin LOC and/or other collateral
solely (a) in accordance with the terms of the applicable Wholly Retained Boudin Reinsurance Agreement or Novated-to-Boudin Reinsurance Agreement, as the case may be, and/or as required and permitted by the laws and regulations of the
Commonwealth of Pennsylvania, or (b) in the event that a notice of nonrenewal is received pursuant to the evergreen clause. 

(v) Annually, the Company shall review and redetermine the amount of the Go-Forward Boudin Obligations and
the amount of collateral security required pursuant to this Agreement. At such time, MII will provide its most recent audited financial statements, interim financial statements, and any other financial information reasonably requested by the Company
for the purpose of evaluating the financial condition of MII. MII will provide any needed increases in the amount of the Boudin LOC (and/or other collateral if acceptable to the Company) within thirty (30) days of the Company’s written
request for any additional required amount of the Boudin LOC. The Company will effect any decreases in the amount of the Boudin LOC (and/or other collateral) promptly, provided that Boudin is not in breach of any of its obligations under this
Agreement or the Existing Reinsurance Agreements as transferred and novated hereunder and MII is not in breach of any of its obligations to the Company under the ALAA. 

(b) Creole LOC. 

(i) Creole (including for purposes of this Section 3, and if B&W and Creole so elect, B&W on
Creole’s behalf) will, within fifteen (15) days after the Effective Date, provide to the Company, as beneficiary thereof, an irrevocable letter of credit (the “Creole LOC”) in an amount of $4,171,230.00 (which amount shall
be less than the aggregate amount of the Existing Collateral), issued in a form and 
  

 6 

 
by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit in writing from time to time. The Creole LOC
shall secure the Go-Forward Creole Obligations. 
 (ii) The Creole LOC shall be
“evergreen,” meaning that it shall provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to the
Creole LOC’s anniversary date. If the Company permits Creole to provide collateral in a form other than the Creole LOC, Creole shall provide such collateral in an amount and form acceptable to the Company. 

(iii) Creole shall continue to provide the Creole LOC (or other collateral acceptable to the Company) as
security for payment of the Go-Forward Creole Obligations, until the Company determines that there is no longer any need for such collateral. If there shall be a material deterioration in the financial condition of the bank or other financial
institution which has issued the Creole LOC, the Company shall have the right to require Creole to replace the Creole LOC with a new letter of credit with similar terms issued by a bank or other financial institution then acceptable to the Company.

 (iv) The Company shall have the right to draw against the Creole LOC and/or other collateral
solely (a) in accordance with the terms of the applicable Wholly Retained Creole Reinsurance Agreement or Novated-to-Creole Reinsurance Agreement, as the case may be, and/or as required and permitted by the laws and regulations of the
Commonwealth of Pennsylvania, or (b) in the event that a notice of nonrenewal is received pursuant to the evergreen clause. 

(v) Annually, the Company shall review and redetermine the amount of the Go-Forward Creole Obligations and
the amount of collateral security required pursuant to this Agreement. At such time, B&W will provide its most recent audited financial statements, interim financial statements, and any other financial information reasonably requested by the
Company for the purpose of evaluating the financial condition of B&W. B&W will provide any needed increases in the amount of the Creole LOC (and/or other collateral if acceptable to the Company) within thirty (30) days of the
Company’s written request for any additional required amount of the Creole LOC. The Company will effect any decreases in the amount of the Creole LOC (and/or other collateral) promptly, provided that Creole is not in breach of any of its
obligations under this Agreement or the Existing Reinsurance Agreements as transferred and novated hereunder and B&W is not in breach of any of its obligations to the Company under the ALAA. 

(c) Existing Security Agreements; Substituted Collateral. Notwithstanding anything in any Existing
Reinsurance Agreement or any Existing Security Agreement to the contrary, the Company shall release the Existing Collateral (including, without limitation, providing the necessary directions to issuing banks of letters of credit, trustees of
reinsurance trusts, and/or similar third parties) upon receipt of the Substituted Collateral as set forth in Section 3(a)(i) and 3(b)(i), and the Parties shall take all actions and execute any documents necessary to terminate the Existing
Security Agreements. 
 (d) Adjustments of Funds Withheld. To the extent that the Company
has retained funds of Creole or Boudin as funds withheld under any Existing Reinsurance Agreement (including, without limitation, by allocating reinsurance premium or other funds of the reinsurers to claim payment funds held by ESIS), such funds
shall continue to be maintained following the transactions contemplated by this Agreement. If the Company desires to effect a one-time reallocation of such funds withheld as between Creole and Boudin as a result of the transactions contemplated by
this Agreement, it shall provide notice of such reallocation as promptly as possible after the Assumption Time, but in any event on or prior to October 1, 2010, and Creole and Boudin shall accept the Company’s determination of the amount
of such reallocation. 
 4. Existing Collateral. The Substituted Collateral required to be
provided by Creole and Boudin hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Reinsurance Agreements to the same
extent that such terms and conditions applied to the Existing Collateral thereunder. 
  

 7 

 5. Allocation. 

(a) Company Designations. The Company’s determination as to whether an obligation is a
Go-Forward Boudin Obligation or a Go-Forward Creole Obligation (a “Company Designation”) shall be binding on Creole and Boudin, and they shall not delay, or make any deduction with respect to, their payment or other response to such
obligation on account of any disagreement with such determination, provided, however, that such payment or other response shall not be construed as prejudicial to either Party in any dispute between Creole and Boudin with respect to
any such Company Designation. 
 (b) Disputes. Any dispute or disagreement between Creole
and Boudin with respect to the correctness of a Company Designation shall be resolved pursuant to Article V of the Master Separation Agreement by MII on behalf of Boudin and B&W on behalf of Creole; provided, that (i) the
Company will not be made a party to any arbitration proceeding arising from such dispute or disagreement, but may be called as a witness; (ii) any reasonable costs incurred by the Company in respect of any such arbitration proceeding will be
fully reimbursed to the Company promptly following receipt of a reimbursement demand from the Company; (iii) under no circumstances will MII or B&W or Creole or Boudin, as a result of such arbitration proceeding, require the Company to
return any amount received by the Company pursuant to a prior Company Designation, whether such amount was received as a result of the Company’s draw against security posted for its benefit or otherwise, and (iv) the Company shall comply
with the allocation or other resolution of such dispute. 
 6. Billing. On and after the Effective
Date, the Company will (in each case in accordance with the billing procedures set forth in the applicable Existing Reinsurance Agreement) 

(a) bill Creole directly for such of the Go-Forward Creole Obligations as are then due and payable, and
provide Creole with appropriate reports and accounting with respect to such obligations; and 

(b) bill Boudin directly for such of the Go-Forward Boudin Obligations as are then due and payable, and
provide Boudin with appropriate reports and accounting with respect to such obligations. 
 7.
Amendments. Neither this Agreement nor any provision hereof may be amended, changed, waived, discharged or terminated except by a written instrument signed by each Party. 

8. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and
their respective successors and permitted assigns. Neither this Agreement nor any right or obligation hereunder may be assigned or conveyed by any Party without the prior written consent of the other Parties, which consent shall not be unreasonably
withheld. 
 9. No Waiver. The failure or refusal by any Party to exercise any rights granted
hereunder shall not constitute a waiver of such rights or preclude the subsequent exercise thereof, and no oral communication shall be asserted as a waiver of any such rights hereunder unless such communication shall be confirmed in a writing
plainly expressing an intent to waive such rights and signed by the Party against whom such waiver is asserted. 

10. Counterparts. This Agreement may be executed in any number of counterparts each of which when so
executed and delivered shall constitute an original, but such counterparts together shall constitute one and the same agreement. The exchange of copies of this Agreement and of signature pages by facsimile transmission shall constitute effective
execution and delivery of this Agreement as to the Parties and may be used in lieu of the original Agreement for all purposes. Signatures of the Parties and other Persons signatory hereto transmitted by facsimile shall be deemed to be their original
signatures for all purposes. 
 11. No Third Party Beneficiary. This Agreement shall not be deemed
to give any right or remedy to any third party whatsoever unless otherwise specifically granted hereunder. 
  

 8 

 12. Parties’ Representations. As of the Effective Date,
each of the Parties expressly represents on its own behalf: (a) it is an entity in good standing in its jurisdiction of organization; (b) it has all requisite corporate power and authority to enter into this Agreement, and to perform its
obligations hereunder; (c) the execution and delivery by it of this Agreement, and the performance by it of its obligations under this Agreement, have been duly authorized by all necessary corporate or other action; (d) this Agreement,
when duly executed and delivered by it, and subject to the due execution and delivery hereof by the other Parties, will be a valid and binding obligation of it, enforceable against it, its successors and permitted assigns, in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles; (e) the execution, delivery and performance of this Agreement and
the consummation of the transactions contemplated hereby in accordance with the respective terms and conditions hereof will not (i) violate any provision of its Organizational Documents, (ii) violate any applicable order, judgment,
injunction, award or decree of any court, arbitrator or governmental or regulatory body against it, or binding upon it, or any agreement with, or condition imposed by, any governmental or regulatory body, foreign or domestic, binding upon it as of
the date hereof, or (iii) violate any agreement, contract, obligation, promise or undertaking that is legally binding and to which it is a party or by which it is bound; and (f) the signatory hereto on behalf of it is duly authorized and
legally empowered to enter into this Agreement on its behalf. 
 13. Notices. Any and all notices,
requests, approvals, authorizations, consents, instructions, designations and other communications that are required or permitted to be given pursuant to this Agreement shall be in writing and may be given either by personal delivery, first class
prepaid post (airmail if to another country) or by internationally recognized overnight delivery service to the following address, or to such other address and recipient as such Party may have notified in accordance with the terms of this section as
being its address or recipient for notification for the purposes of this Agreement: 
  

					
	 If to the Company
	  	 ACE American Insurance Company

225 E. John Carpenter Freeway, Suite 1300

Irving, TX 75062

		  	 Attention:
	  	 Underwriting Manager

ACE Risk Management

			
		  	 Telephone:
	  	 (972) 465.7500

		  	 Facsimile:
	  	 (972) 465.7826

		
	 If to Boudin:
	  	 Boudin Insurance Company, Ltd., c/o McDermott International, Inc.

757 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 VP and Chief Risk Officer (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5785

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 twoodard@mcdermott.com

			
		  	 with a copy to:
	  	
	 	  	 Boudin Insurance Company, Ltd.

Cedar House
 41
Cedar Avenue
 P.O. Box HM 1838

Hamilton HM HX Bermuda

Bermuda
 Fax
(441) 295-3982

		  	 Telephone:
	  	 281-870-5476

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 cjryan@mcdermott.com

  

 9 

					
	 If to any MII Entity:
	  	 McDermott International, Inc.

757 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 VP and Chief Risk Officer (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5785

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 twoodard@mcdermott.com

		
	 If to Creole:
	  	 Creole Insurance Company, Ltd.

		
		  	 Prior to the Separation:

		
		  	 Creole Insurance Company, Ltd., c/o Babcock & Wilcox Holdings, Inc.

800 Main Street

Lynchburg, Virginia 24504

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

		  	 Telephone:
	  	 434-522-6800

			
		  	 with a copy to:
	  	
		  	 McDermott International, Inc.

777 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

		
		  	 with an additional copy to:

		  	 Creole Insurance Company, Ltd.

Cedar House
 41
Cedar Avenue
 P.O. Box HM 1838

Hamilton HM HX Bermuda

Bermuda
 Fax
(441) 295-3982

		  	 Telephone:
	  	 281-870-5476

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 cjryan@mcdermott.com

		
		  	 On and After the Separation:

		
		  	 The Babcock & Wilcox Company

The Harris Building

13024 Ballantyne Corporate Place, Suite 700

Charlotte, North Carolina

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

		
		  	 with a copy to:

		  	 Creole Insurance Company, Ltd.

Cedar House
 41
Cedar Avenue
 P.O. Box HM 1838

Hamilton HM HX Bermuda

Bermuda
 Fax
(441) 295-3982

		  	 Telephone:
	  	 281-870-5476

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 cjryan@mcdermott.com

  

 10 

					
	 If to any B&W Entity:
	  	 Prior to the Separation:

		
		  	 Babcock & Wilcox Holdings, Inc.

(f/k/a The Babcock & Wilcox Company)

800 Main Street

Lynchburg, Virginia 24504

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

		  	 Telephone:
	  	 434-522-6800

			
		  	 with a copy to:
	  	
		  	 McDermott International, Inc.

777 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5476

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 cjryan@mcdermott.com

		
		  	 On and After the Separation:

		
		  	 The Babcock & Wilcox Company

The Harris Building

13024 Ballantyne Corporate Place, Suite 700

Charlotte, North Carolina

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

Any notice or communication to any Person shall be deemed to be received by that Person: 

(A) upon personal delivery; or 

(B) upon receipt if sent by mail or courier. 

14. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws
of the Commonwealth of Pennsylvania without regard to those provisions concerning conflicts of laws that would result in the application of the laws of any other jurisdiction. 

15. Entire Agreement. THIS AGREEMENT CONSTITUTES THE ENTIRE AGREEMENT AMONG ALL OF THE PARTIES WITH RESPECT
TO THE TRANSFERS, ASSUMPTIONS, AND NOVATIONS DESCRIBED HEREIN AND SUPERSEDES ALL OTHER PRIOR AGREEMENTS AND UNDERSTANDINGS, BOTH WRITTEN AND ORAL, WITH RESPECT TO SUCH TRANSFERS, ASSUMPTIONS, AND NOVATIONS. SOLELY FOR INTERPRETATION PURPOSES, THE
PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS INTENDED TO BE READ TOGETHER WITH THE ALAA. 
 16. Dispute
Resolution. 
 (a) For dispute resolution purposes as between Creole and Boudin, and all
disputes between Creole and Boudin arising out of this Agreement, including without limitation as to whether a given obligation is a Go-Forward Creole Obligation or a Go-Forward Boudin Obligation, shall be resolved in accordance with the procedures
set forth in the Master Separation Agreement (provided, however, that until the Master Separation Agreement is executed and delivered by all parties thereto, the reference to such agreement in this Section 16(a) shall be deemed to refer to the
draft thereof dated as of April 28, 2010). 
  

 11 

 (b) As between the Company on the one hand and Creole and/or
Boudin, on the other hand, all disputes arising hereunder shall be resolved in accordance with the arbitration provisions of the most recent Existing Reinsurance Agreement. In any such arbitration, the entity named in the applicable Company
Designation shall be the party formally opposed to the Company, but the other of Boudin or Creole shall have right to associate effectively in the defense and/or prosecution of such arbitration. 

17. Severability. If any term or other provision of this Agreement or the Exhibits attached hereto is
determined by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall
nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision
is invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that
transactions contemplated hereby are fulfilled to the fullest extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 

18. Rules of Construction. The definitions of terms used herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to
be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified, (b) any reference herein to any law shall be
construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns
(subject to the restrictions contained herein), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular
provision hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word “to” means “to and including” and (f) any reference herein to
Articles, Sections and Exhibits shall be construed to refer to Articles and Sections of, and Exhibits to, this Agreement. No provision of this Agreement shall be interpreted or construed against any Person solely because such Person or its legal
representative drafted such provision. 
 [Remainder of Page Intentionally Left Blank] 

 

 12 

 IN WITNESS WHEREOF, the Parties intending to be legally bound hereby have
executed this Agreement, by their duly authorized representatives. 
  

					
	ACE AMERICAN INSURANCE COMPANY
		
	 By:
	 	
                 
/S/    LAURA VEST        

	 Printed Name:
	 	Laura Vest
	 Title:
	 	Vice President

			
	CREOLE INSURANCE COMPANY, LTD.
		
	 By:
	 	 /S/    BENJAMIN H.
BASH        

		 	Benjamin H. Bash
		 	Assistant Secretary
	
	BOUDIN INSURANCE COMPANY, LTD.
		
	 By:
	 	 /S/    LIANE K.
HINRICHS        

		 	Liane K. Hinrichs
		 	Assistant Secretary

 Consented
to for Purposes of Section 3: 
  

			
	MCDERMOTT INTERNATIONAL INC.
		
	 By:
	 	 /S/    LIANE K.
HINRICHS        

	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Senior Vice President
	
	BABCOCK & WILCOX HOLDINGS, INC.
		
	 By:
	 	 /S/    MICHAEL S.
TAFF        

	 Name:
	 	Michael S. Taff
	 Title:
	 	Senior Vice President

 EXHIBIT I – B&W ENTITIES 

See Schedule 1.1(a) and Schedule 1.1(c) attached hereto. No B&W Entity listed on Schedule 

1.1(a) shall be deemed to be an “Insured”, a “Named Insured” or otherwise be deemed to be insured 

under any Existing Policy or Existing Reinsurance Agreement solely by virtue of being 

listed on such Schedule 1.1(a). 

			
	 Schedule 1.1(a)

B&W FORMER

		
	 Reference ID
	  	 Name

	333	  	 Ahahsain Hudson Heat Transfer Co. Ltd.

	398	  	 Advanced Refractory Technologies, Inc.

		  	 A.M. Lockett & Co., Limited

		  	 Amcermet Corporation

	924	  	 ASEA Babcock

	235	  	 Ash Acquisition Company

	326	  	 B & W Clarion, Inc.

	574	  	 B&W Ebensburg Pa., Inc.

	460	  	 B&W Energy Investments, Inc.

	383	  	 B&W Fort Worth Power, Inc.

	950	  	 B&W Fuel Company

	535	  	 B&W Fuel, Inc.

	922	  	 B&W Mexicana, S.A. de C.V.

	9991	  	 B&W North Branch G.P., Inc.

	9990	  	 B&W North Branch L.P., Inc.

	537	  	 B&W Nuclear Service Company

	960	  	 B&W Nuclear Service Company

	536	  	 B&W Nuclear, Inc.

	586	  	 B&W Saba, Inc.

	591	  	 B&W Service Company

	579	  	 B&W SOFC G.P., Inc.

	578	  	 B&W SOFC L.P., Inc.

	381	  	 B&W Special Projects, Inc.

	569	  	 B&W Triso Corporation

		  	 B&W Tubular Products Limited

	573	  	 B&W/OHM Weldon Spring, Inc.

	212	  	 Babcock & Wilcox Asia Investment Co., Inc.

	115	  	 Babcock & Wilcox Asia Limited

	533	  	 Babcock & Wilcox Canada Leasing Ltd.

	503	  	 Babcock & Wilcox Canada Ltd.

	215	  	 Babcock & Wilcox China Investment Co., Inc.

	594	  	 Babcock & Wilcox do Brasil Limitada

	528	  	 Babcock & Wilcox do Brasil Participacoes Limitada

	206	  	 Babcock & Wilcox Egypt SAE

			
	169	  	 Babcock & Wilcox Fibras Ceramicas Limitada

	519	  	 Babcock & Wilcox Finance, Inc.

	557	  	 Babcock & Wilcox Foreign Sales Corporation

	175	  	 Babcock & Wilcox Gama Kazan Teknolojisi A.S.

	552	  	 Babcock & Wilcox General Contracting Company

	565	  	 Babcock & Wilcox Government Services Company

	395	  	 Babcock & Wilcox HRSG Company

		  	 Babcock & Wilcox Industries, Ltd.

	531	  	 Babcock & Wilcox International Sales Corporation

	549	  	 Babcock & Wilcox International Sales Corporation

	342	  	 Babcock & Wilcox Investment Company

	305	  	 Babcock & Wilcox Jonesboro Power, Inc.

	2007	  	 Babcock & Wilcox Nevada, LLC

		  	 Babcock & Wilcox Refractories Limited

	323	  	 Babcock & Wilcox Salt City Power, Inc.

	543	  	 Babcock & Wilcox Services, Inc.

	322	  	 Babcock & Wilcox Tracy Power, Inc.

	314	  	 Babcock & Wilcox Victorville Power, Inc.

	727	  	 Babcock & Wilcox Volund France SAS

	315	  	 Babcock PFBC, Inc.

	559	  	 Babcock Southwest Construction Corporation

	945	  	 Babcock-Brown Boveri Reaktor GmbH

	936	  	 Babcock-Ultrapower Jonesboro

	937	  	 Babcock-Ultrapower West Enfield

	951	  	 Bailey Beijing Controls Co., Ltd.

	516	  	 Bailey Controls Australia Pty. Limited

	517	  	 Bailey Controls International Sales & Services Company, Inc.

	954	  	 Bailey Controls Jordan for Process Controls Services, Ltd.

	563	  	 Bailey Controls Sales & Service (Australia) Pty. Limited

	564	  	 Bailey Controls Sales & Services Canada Inc.

	561	  	 Bailey do Brasil Instrumentos Industriais Limitada

	114	  	 Bailey International, Inc.

	923	  	 Bailey Japan Company Limited

	542	  	 Bailey Meter and Controls Company

		  	 Bailey Meter Company

	562	  	 Bailey Meter Co. (Japan) Ltd.

		  	 Bailey Meter Company Limited

		  	 Bailey Meter GmbH

			
	646	  	 Brick Insurance Company, Ltd.

	590	  	 BWXT Protec, Inc.

		  	 C.C. Moore & Company Engineers

	511	  	 Ceramatec G.P., Inc.

	510	  	 Ceramatec SOFC, Inc.

	329	  	 Clarion Energy, Inc.

	328	  	 Clarion Power Company

	321	  	 Conam Nuclear, Inc.

		  	 Control Components France

	514	  	 Control Components Italy S.R.L.

		  	 Control Components, Inc. (California)

		  	 Control Components, Inc. (Delaware)

	948	  	 Control Components Japan

	1914	  	 CTR Solutions, LLC

	545	  	 Detroit Broach & Machine Corporation

	551	  	 Diamond Blower Company Limited

		  	 Diamond Canapower Ltd.

	518	  	 Diamond Power Importacao e Exportacao Ltda.

	144	  	 Diamond Power Korea Inc.

	526	  	 Diamond Power Specialty (Japan) Ltd.

	558	  	 Diamond Power Specialty (Proprietary) Limited

	546	  	 Diamond Power Specialty Corporation (Delaware)

		  	 Diamond Power Speciality Corporation (Ohio)

	529	  	 Diamond Power Specialty GmbH

		  	 Diescher Tube Mills, Inc.

	332	  	 Ebensburg Energy, Inc.

	397	  	 Ejendomsaktieselskabet Falkevej2

	961	  	 Enserch Environmental Management Company, Inc.

	968	  	 EPC Business Trust

	919	  	 Especialidades Termomecanicas, S.A. de C.V.

	550	  	 Ferry-Diamond Engineering Company Limited

	928	  	 Fibras Ceramicas C.A.

	509	  	 Fibras Ceramicas, Inc.

	547	  	 Globe Steel Tubes Corporation

		  	 Greer Land Co.

		  	 Holmes Insulations Limited

	124	  	 Hudson Heat Transfer International, Inc.

	1955	  	 Hudson HEI Pty. Ltd.

			
	914	  	 Hudson Northern Industries Inc.

	125	  	 Hudson Products Aktiebolag

	567	  	 Hudson Products Corporation (1)

	902	  	 Hudson Products de Mexico, S.A. de C.V.

	1907	  	 Integran Technologies Inc.

	461	  	 International Disarmament Corporation

	941	  	 Isolite Babcock Refractories Company, Ltd.

	927	  	 Isolite Eastern Union Refractories Co., Ltd.

	920	  	 KBW Gasification Systems, Inc.

	512	  	 LT Produkter i Skutskar AB

	938	  	 Maine Power Services

	345	  	 McDermott Heat Transfer Company

	344	  	 McDermott Productos Industriales de Mexico, S.A. de C.V.

	946	  	 Medidores Bailey, S.A. de C.V.

	942	  	 Morganite Ceramic Fibres Limited

	943	  	 Morganite Ceramic Fibres Pty. Limited

	944	  	 Morganite Ceramic Fibres S. A.

		  	 National Drill & Manufacturing Co.

	544	  	 National Ecology (Alabama) Incorporated

	575	  	 National Ecology (Utah) Incorporated

	976	  	 Nooter/Eriksen - Babcock & Wilcox, L.L.C.

	933	  	 North American CWF Partnership

	9989	  	 North Branch Power Company L.P.

	971	  	 North County Operations Associates

		  	 Nuclear Materials and Equipment Corporation

	958	  	 Olin Pantex Inc.

	1153	  	 P. T. Heat Exchangers Indonesia

	934	  	 Palm Beach Energy Associates

		  	 Piedmont Tool Machine Company

	576	  	 Power Computing Company

	581	  	 Power Systems Sunnyside Operations GP, Inc.

	583	  	 Power Systems Sunnyside Operations LP, Inc.

		
		  	 (1) a Delaware Corporation

	905	  	 PowerSafety International, Inc.

	508	  	 Productos de Caolin, Inc.

	577	  	 PSO Caribbean, Inc.

	1980	  	 Savannah River Alliance LLC

			
	2008	  	 Savannah River Tactical Services LLC

	984	  	 SOFCo L.P.

	932	  	 South Point CWF

	556	  	 Sunland Construction Co., Inc.

	988	  	 Sunnyside Cogeneration Associates

	582	  	 Sunnyside II, Inc.

	992	  	 Sunnyside II, L.P

	303	  	 Sunnyside III, Inc.

	993	  	 Sunnyside Operations Associates L.P.

	571	  	 Termobloc Industria E Comercio Ltda.

	953	  	 Thermax Babcock & Wilcox Limited

	502	  	 TLT-Babcock, Inc.

	570	  	 Triso

	1152	  	 W.E. Smith Hudson Pty. Ltd.

	548	  	 W. F. and John Barnes Company

 Schedule 1.1(c) 

B&W CURRENT 
  

					
	 Reference ID
	  	 Name
	  	  
	553	  	 Americon Equipment Services, Inc.
	  	
	554	  	 Americon, Inc.
	  	
	732	  	 Applied Synergistics, Inc.
	  	
	127	  	 B&W de Panama, Inc.
	  	
	532	  	 Babcock & Wilcox Canada Ltd.
	  	
	1570	  	 Babcock & Wilcox China Holdings, Inc.
	  	
	555	  	 Babcock & Wilcox Construction Co., Inc.
	  	
	2011	  	 Babcock & Wilcox de Monterrey, S.A. de C.V.
	  	
	1571	  	 Babcock & Wilcox Denmark Holdings, Inc.
	  	
	327	  	 Babcock & Wilcox Ebensburg Power, Inc.
	  	
	302	  	 Babcock & Wilcox Equity Investments, Inc.
	  	
	1965	  	 Babcock & Wilcox Holdings, Inc.
	  	
	2028	  	 Babcock & Wilcox India Holdings, Inc.
	  	
	598	  	 Babcock & Wilcox India Private Limited
	  	
	126	  	 Babcock & Wilcox International Investments Co., Inc.
	  	
	530	  	 Babcock & Wilcox International Sales and Service Corporation
	  	
	541	  	 Babcock & Wilcox International, Inc.
	  	
	380	  	 Babcock & Wilcox Investment Company
	  	
	2010	  	 Babcock & Wilcox Modular Nuclear Energy LLC
	  	
	1974	  	 Babcock & Wilcox Nuclear Operations Group, Inc.
	  	
	1967	  	 Babcock & Wilcox Nuclear Energy, Inc.
	  	 (formerly Babcock & Wilcox Nuclear Power Generation Group, Inc.

	2018	  	 Babcock & Wilcox Nuclear Services (U.K.) Limited
	  	
	500	  	 Babcock & Wilcox Power Generation Group, Inc.
	  	
	1961	  	 Babcock & Wilcox Technical Services (U.K.) Limited
	  	
	1970	  	 Babcock & Wilcox Technical Services Clinch River, LLC
	  	
	572	  	 Babcock & Wilcox Technical Services Group, Inc.
	  	 (formerly BWXT Services, Inc.)

	587	  	 Babcock & Wilcox Technical Services Savannah River Company
	  	 (formerly BWXT Savannah River Company)

	599	  	 Babcock & Wilcox Volund A/S
	  	 (formerly Babcock & Wilcox Volund ApS)

	2000	  	 BCE Parts Ltd.
	  	
	596	  	 BWX Technologies, Inc.
	  	
	580	  	 BWXT Federal Services, Inc.
	  	
	589	  	 BWXT Hanford Company
	  	
	382	  	 BWXT of Idaho, Inc.
	  	
	592	  	 BWXT of Ohio, Inc.
	  	

					
	1576	  	 BWXT Washington, Inc.
	  	
	189	  	 Creole Insurance Company, Ltd.
	  	
	1988	  	 Delta Power Services, LLC
	  	
	766	  	 Diamond Operating Co., Inc.
	  	
	1572	  	 Diamond Power Australia Holdings, Inc.
	  	
	1984	  	 Diamond Power Central & Eastern Europe s.r.o.
	  	
	1573	  	 Diamond Power China Holdings, Inc.
	  	
	521	  	 Diamond Power do Brasil Limitada
	  	
	1574	  	 Diamond Power Equity Investments, Inc.
	  	
	525	  	 Diamond Power Finland OY
	  	
	504	  	 Diamond Power Germany GmbH
	  	 (formerly Diamond Power - Sturm GmbH)

	597	  	 Diamond Power International, Inc.
	  	
	949	  	 Diamond Power Machine (Hubei) Co., Inc.
	  	
	1908	  	 Diamond Power Services S.E.A. Ltd.
	  	
	522	  	 Diamond Power Specialty (Proprietary) Limited
	  	
	523	  	 Diamond Power Specialty Limited
	  	
	524	  	 Diamond Power Sweden AB
	  	
	1990	  	 DPS Berkeley, LLC
	  	
	1997	  	 DPS Cadillac, LLC
	  	
	1995	  	 DPS Florida, LLC
	  	
	1993	  	 DPS Gregory, LLC
	  	
	1996	  	 DPS Lowell Cogen, LLC
	  	
	1992	  	 DPS Mecklenburg, LLC
	  	
	1991	  	 DPS Michigan, LLC
	  	
	1994	  	 DPS Mojave, LLC
	  	
	1998	  	 DPS Sabine, LLC
	  	
	278	  	 Gumbo Insurance Company, Ltd.
	  	
	2003	  	 Intech International Inc.
	  	
	2002	  	 Intech, Inc.
	  	
	2001	  	 Ivey-Cooper Services, L.L.C.
	  	
	1968	  	 Marine Mechanical Corporation
	  	
	540	  	 National Ecology Company
	  	
	2005	  	 NFS Holdings, Inc.
	  	
	2004	  	 NOG-Erwin Holdings, Inc.
	  	
	501	  	 North County Recycling, Inc.
	  	
	2006	  	 Nuclear Fuel Services, Inc.
	  	
	1989	  	 O&M Holding Company
	  	
	707	  	 P. T. Babcock & Wilcox Asia
	  	

			
	534	  	 Palm Beach Resource Recovery Corporation

	560	  	 Power Systems Operations, Inc.

	568	  	 Revloc Reclamation Service, Inc.

	2013	  	 Servicios de Fabricacion de Valle Soleado, S.A. de C.V.

	2012	  	 Servicios Profesionales de Valle Soleado, S.A. de C.V.

	767	  	 SOFCo - EFS Holdings LLC

	2029	  	 The Babcock & Wilcox Company

 EXHIBIT II - EXISTING REINSURANCE AGREEMENTS 

See Attached. 

																	
	 Name of Agreement
	 	 Party to Agreement
	 	 Party to Agreement
	 	 Party to Agreement
	 	Party to Agreement	 	Party to Agreement	 	Effective Date of Agreement	 	 	 	 
	 Reinsurance Agreement (agreement # 22004)
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	McDermott Incorporated Et AI.	 		 		 	6/1/1975	 		 	mcdermott
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1977	 	WC only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1977	 	Auto & GL only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	INA of Texas	 		 		 	4/1/1978	 	WC only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1978	 	Auto & GL only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	INA of Texas	 		 		 	4/1/1979	 	WC only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	INA of Texas	 		 		 	4/1/1979	 	Auto & GL only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	INA of Texas	 		 		 	4/1/1980	 	WC only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	INA of Texas	 		 		 	4/1/1980	 	Auto & GL only	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1982	 	Various other issuing companies included	 	vm
	 Addendum Number Five to Reinsurance Agreement effective 4/1/1982
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1983	 	Various other issuing companies included	 	vm
	 Addendum Number Six to Reinsurance Agreement effective 4/1/1982
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1984	 	Various other issuing companies included	 	vm
	 Addendum Number Seven to Reinsurance Agreement effective 4/1/1982
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1985	 	Various other issuing companies included	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1986	 	Various other issuing companies included	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1987	 	Various other issuing companies included; Amended to include CIGNA Insurance Company	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 		 		 		 	4/1/1987	 	Excess Liability	 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1988	 	Various other issuing companies included; for Auto, WC and GL	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 		 		 		 	4/1/1988	 	for Excess Liability policy	 	vm
	 Trust Agreement
	 	Creole Insurance Company, Ltd.	 	Pacific Employers Insurance Company	 	Morgan Guaranty Trust Company of New York	 		 		 	6/24/1988	 		 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1989	 	Various other issuing companies included	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1990	 	Various other issuing companies included; for Auto, WC and GL	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1990	 	for Maritime policy	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 		 		 		 	4/18/1990	 		 	tf
	 Reinsurance Agreement - Addendum I
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 		 		 		 	4/19/1990	 		 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1991	 	Various other issuing companies included; for Auto, WC and GL	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 		 		 		 	4/1/1991	 	for Maritime policy	 	vm
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	Pacific Employers Insurance Company	 		 		 	4/1/1992	 		 	cp
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	Pacific Employers Insurance Company	 		 		 	4/1/1993	 		 	cp
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Insurance Company of North America	 	Pacific Employers Insurance Company	 		 		 	4/1/1994	 		 	cp
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company of Texas	 		 		 		 	4/1/1994	 		 	tf
	 Workers Compensation Residual Market Assessments Captive Programs
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company of Texas	 		 		 		 	4/1/1994	 		 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 		 		 		 	4/1/1995	 		 	cp
	 Agreement for Workers Compensation Residual Market Assessments Captive Programs
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 		 		 		 	4/1/1995	 		 	cp
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	CIGNA Insurance Company	 	Indemnity Insurance Company of North America	 	CIGNA
Insurance
Company
of
Canada	 		 	4/1/1995	 		 	cp
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Bankers Standard Insurance Company	 		 		 		 	4/1/1995	 		 	tf
	 Workers Compensation Residual Market Assessments 1995 Captive Programs
	 	Creole Insurance Company, Ltd.	 	Bankers Standard Insurance Company	 		 		 		 	4/1/1995	 		 	tf
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Indemnity Insurance Co. of N.A.	 	CIGNA Insurance Company	 	CIGNA
Insurance
Company
of
Canada	 		 	4/1/1995	 	Addendum 1 effective 4/1/96	 	dc
	 Addendum I to Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Indemnity Insurance Company of North America	 	CIGNA Insurance Company	 	CIGNA
Insurance
Company
of
Canada	 		 	4/1/1996	 		 	cp
	 Reinsurance Agreement
	 	Creole Insurance Company, Ltd.	 	Indemnity Insurance Co. of N.A.	 	CIGNA Insurance Company	 	CIGNA
Insurance
Company
of
Canada	 	Pacific
Employers
Insurance
Company	 	4/1/1997	 	Addendum 2 effective 4/1/97	 	dc

 EXHIBIT III - MII ENTITIES 

See Schedule 1.1(b) and Schedule 1.1(j) attached hereto. No MII Entity listed on Schedule 1.1(b) shall be deemed to be an
“Insured”, a “Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Reinsurance Agreement solely by virtue of being listed on such Schedule 1.1(b). 

 Schedule 1.1(b) 

MII FORMER 
  

			
	 Reference ID
	  	  
	947	  	 Arabian General Contracting Company

	911	  	 Arabian Petroleum Marine Construction Company

	8000	  	 Associated Pipe Line Contractors, Inc.

	117	  	 Badya Builders, Inc.

	242	  	 Beheer-en Beleggingsmaatschappij Belesa B.V.

	9996	  	 BJA-Mentor Production Systems Limited

	164	  	 Brown & Root McDermott Fabricators Limited

	277	  	 Cayenne Insurance Company, Ltd.

	629	  	 CCC Fabricaciones y Construcciones S.A. de C.V.

	940	  	 Construcciones Maritimas Mexicanas, S.A. de C.V.

	952	  	 Davy McDermott Limited

	921	  	 DB/McDermott Company

	1952	  	 Deep Gulf Contractors LLC

	171	  	 Deep Sea Divers Australia Pty. Limited

		  	 Dick Evans, Inc.

	997	  	 ETPM International (UK) Limited

	955	  	 ETPM International S.A.S.

	999	  	 Far East Vessels, Inc.

	108	  	 First Emirates Trading Corporation

		  	 Harvey Lumber & Supply Company

	174	  	 Heavy Lift Chartering, Inc.

	935	  	 HeereMac v.o.f.

	956	  	 Heerema-McDermott (Aust.) Pty. Ltd.

	190	  	 Honore Insurance Company, Ltd.

	917	  	 Initec, Astano y McDermott International Inc., S.A.

		  	 Ingenieria Petrolera Maritima, S.A. de C.V.

		  	 Iranian Marine Contractors, Inc.

	102	  	 J. Ray McDermott & Co. (Nederland) B.V.

	150	  	 J. Ray McDermott (Aust.) Pty. Ltd.

	151	  	 J. Ray McDermott (U.K.) Inc.

	350	  	 J. Ray McDermott (Venezuela) C.A.

	325	  	 J. Ray McDermott Arctic Ltd.

	307	  	 J. Ray McDermott Gulf Contractors, Inc. (formerly the Early Company)

			
	394	  	 J. Ray McDermott International Services (No. 1) Limited

	101	  	 J. Ray McDermott International Services Limited

	152	  	 J. Ray McDermott London, Ltd.

	641	  	 J. Ray McDermott Marine Construction AS

	1125	  	 J. Ray McDermott Newfoundland, Ltd.

	871	  	 J. Ray McDermott Offshore Chartering (U.S.), Inc.

	372	  	 J. Ray McDermott Properties, Inc.

	238	  	 J. Ray McDermott Underwater Services, Inc.

	603	  	 J. Ray McDermott Venture Holdings (U.S.), Inc.

	153	  	 Jaramac Associated Services, Ltd.

		  	 Jaramac Petroleum (U.K.) Limited

		  	 Khafji Contractors, Inc.

	166	  	 Khor Contractors, Inc.

	903	  	 KME a.s.

	324	  	 Lan-Dermott, S.A. de C.V.

	202	  	 Madock Shipyard Company, Ltd.

	203	  	 Macshelf Marine Construction Company, Ltd.

	106	  	 Mandato Pty. Limited

	360	  	 Marine Contractors, Inc.

	146	  	 McAntille, N.V.

	168	  	 McDermott - ETPM V.O.F.

	158	  	 McDermott (Holland) B.V.

	304	  	 McDermott (Nigeria) Limited

	245	  	 McDermott Acquisition Company, Inc.

	972	  	 McDermott APG Services Limited

	352	  	 McDermott Azerbaijan Pipelines, Inc.

	156	  	 McDermott Azerbaijan, Inc.

	351	  	 McDermott Central & Eastern Europe, Inc.

		  	 McDermott de Mexico, S.A. de C.V.

	118	  	 McDermott Denmark ApS

	464	  	 McDermott Energy Services, Inc.

	178	  	 McDermott Engineering (Europe) Limited

		  	 McDermott Enterprises France, S.A.

	128	  	 McDermott Europe Marine Services, Ltd.

	313	  	 McDermott Industries, Inc.

	354	  	 McDermott Inland Services, Inc.

	201	  	 McDermott International Asset Management, Ltd.

	343	  	 McDermott International Aviation, Inc.

					
	346	  	 McDermott International Aviation, Inc.
	  	 (formerly McDermott International Aviation Co., Inc.)

		  	 McDermott International (Deutschland) GmbH
	  	
	237	  	 McDermott International Engineering & Construction Co., Ltd.
	  	
	139	  	 McDermott International Engineering Investments N.V.
	  	
	121	  	 McDermott International General Services, Inc.
	  	
	123	  	 McDermott International Marine Services, Inc.
	  	
	236	  	 McDermott International Marketing, Inc.
	  	
	143	  	 McDermott Marine UK Limited
	  	
	462	  	 McDermott Marketing Services, Inc.
	  	
	103	  	 McDermott Middle East Trading, Ltd.
	  	
	172	  	 McDermott Neutral Zone, Inc.
	  	
		  	 McDermott Norway, Inc.
	  	
		  	 McDermott Petroleum (Iran), Inc.
	  	
	105	  	 McDermott Sakhalin, Inc.
	  	
	347	  	 McDermott Shipbuilding, Inc.
	  	
	111	  	 McDermott Singapore Pte. Ltd.
	  	
	221	  	 McDermott Submarine Cable Ltd.
	  	
	1951	  	 McDermott Submarine Cable Systems Limited
	  	
	205	  	 McDermott Subsea Constructors Limited
	  	
	110	  	 McDermott Transition Co., Inc.
	  	
		  	 McDermott UAR, Inc.
	  	
	184	  	 McDermott West Indies Company
	  	
	187	  	 McDermott-ETPM (Norway), Inc.
	  	
	998	  	 McDermott-ETPM (UK) Limited
	  	
	963	  	 McDermott-ETPM B.V.
	  	
	161	  	 McDermott-ETPM East B.V.
	  	
	167	  	 McDermott-ETPM East N.V.
	  	
	964	  	 McDermott-ETPM N.V.
	  	
	965	  	 McDermott-ETPM S.A.
	  	
	962	  	 McDermott-ETPM West, Inc.
	  	
	104	  	 Menck GmbH
	  	
	463	  	 Mentor Engineering Consultants Limited
	  	
	131	  	 MIMCO, Inc.
	  	
	908	  	 MMC-McDermott Engineering Sdn. Berhad
	  	
	317	  	 Mofco N.V.
	  	
	129	  	 NOLA, Servicos E Participacoes Ltda.
	  	
	141	  	 Northern Marine Services, Inc.
	  	
	107	  	 Oceanic Red Sea Company
	  	

			
	620	  	 Offshore Angola, Ltd.

	632	  	 Offshore Energy Capital Corporation

	622	  	 Offshore Hyundai International Limited

	630	  	 Offshore Hyundai International, Ltd.

	210	  	 Offshore Marine Chartering N.V.

	610	  	 Offshore Petroleum Divers, Inc.

	614	  	 Offshore Pipelines (Mauritius) Ltd.

	616	  	 Offshore Pipelines Far East Limited

	617	  	 Offshore Pipelines International Gulf E.C.

	633	  	 Offshore Power Generation Ltd.

	635	  	 Offshore Production Vessels, Ltd.

	615	  	 OPI Offshore Netherlands Holding B.V.

	611	  	 OPI Sales & Service Corporation

	628	  	 OPI Towing & Supply, L.L.C.

	624	  	 OPMI, E.C.

	613	  	 P. T. Armandi Pranaupaya

	850	  	 Panama Offshore Chartering Company 1, Inc.

	859	  	 Panama Offshore Chartering Company 10, Inc.

	860	  	 Panama Offshore Chartering Company 11, Inc.

	861	  	 Panama Offshore Chartering Company 12, Inc.

	862	  	 Panama Offshore Chartering Company 13, Inc.

	863	  	 Panama Offshore Chartering Company 14, Inc.

	864	  	 Panama Offshore Chartering Company 15, Inc.

	865	  	 Panama Offshore Chartering Company 16, Inc.

	866	  	 Panama Offshore Chartering Company 17, Inc.

	867	  	 Panama Offshore Chartering Company 18, Inc.

	868	  	 Panama Offshore Chartering Company 19, Inc.

	851	  	 Panama Offshore Chartering Company 2, Inc.

	869	  	 Panama Offshore Chartering Company 20, Inc.

	870	  	 Panama Offshore Chartering Company 21, Inc.

	852	  	 Panama Offshore Chartering Company 3, Inc.

	853	  	 Panama Offshore Chartering Company 4, Inc.

	854	  	 Panama Offshore Chartering Company 5, Inc.

	855	  	 Panama Offshore Chartering Company 6, Inc.

	856	  	 Panama Offshore Chartering Company 7, Inc.

	857	  	 Panama Offshore Chartering Company 8, Inc.

	858	  	 Panama Offshore Chartering Company 9, Inc.

	154	  	 Panama Offshore Chartering Company, Inc.

			
	990	  	 Personal Administrativo de Vera Cruz, S.A. de C.V.

	991	  	 Personal Ejecutivo de Veracruz, S.A. de C.V.

	645	  	 Pirogue Insurance Company, Ltd.

	981	  	 Sakhalin Energy Investment Company, Ltd.

	384	  	 Samburg Holdings, Inc.

	109	  	 Sharman, Allen, Gay & Taylor, S.A.

	989	  	 Tallares Navales del Golfo, S.A. de C.V.

		  	 The Evelyn Kay Company

		  	 The Roger Thomas Company

		  	 The Rosalie E. Company

		  	 The Walter E. Company

	634	  	 TL Marine Sdn. Bhd.

	621	  	 TL Offshore Sdn. Bhd.

	926	  	 Topside Contractors of Newfoundland

	925	  	 Topside Contractors of Newfoundland, Ltd.

	642	  	 U.S. Offshore Chartering

	918	  	 Universal Fabricators Incorporated

	980	  	 US Shipbuilding Corporation, Inc.

	318	  	 Wagley, Inc.

 Schedule 1.1(j) 

MII - CURRENT 
  

					
	 CURRENT
Reference ID
	  	 Name
	  	  
	873	  	 Barmada McDermott (L) Limited
	  	
	1953	  	 Barmada McDermott Sdn. Bhd.
	  	
	276	  	 Boudin Insurance Company, Ltd.
	  	
	939	  	 Caspian Offshore Fabricators LLC
	  	
	116	  	 Chartering Company (Singapore) Pte. Ltd.
	  	
	142	  	 Eastern Marine Services, Inc.
	  	
	249	  	 Global Energy - McDermott Limited
	  	
	140	  	 Hydro Marine Services, Inc.
	  	
	649	  	 International Vessels Ltd.
	  	
	148	  	 J. Ray McDermott (Aust.) Holding Pty. Limited
	  	
	1982	  	 J. Ray McDermott (Caspian), Inc.
	  	 (formerly J. Ray McDermott Diving International, Inc.)

	243	  	 J. Ray McDermott (Nigeria) Ltd.
	  	
	2025	  	 J. Ray McDermott (Norway), AS
	  	
	1237	  	 J. Ray McDermott (Qingdao) Pte. Ltd.
	  	
	194	  	 J. Ray McDermott Asia Pacific Pte. Ltd.
	  	 (formerly McDermott South East Asia Pte. Ltd.)

	1972	  	 J. Ray McDermott Canada Holding, Ltd.
	  	
	1969	  	 J. Ray McDermott Canada, Ltd.
	  	
	204	  	 J. Ray McDermott Contractors, Inc.
	  	
	246	  	 J. Ray McDermott de Mexico, S.A. de C.V.
	  	
	208	  	 J. Ray McDermott Eastern Hemisphere Limited
	  	 (formerly J. Ray Middle East (Indian Ocean) Ltd.)

	1956	  	 J. Ray McDermott Engineering Services Private Limited
	  	
	1950	  	 J. Ray McDermott Engineering, LLC
	  	
	220	  	 J. Ray McDermott Far East, Inc.
	  	
	211	  	 J. Ray McDermott Holdings, LLC
	  	 (formerly J. Ray McDermott Holdings, Inc.)

	627	  	 J. Ray McDermott International Vessels, Ltd.
	  	 (formerly OPI International, Ltd.)

	602	  	 J. Ray McDermott International, Inc.
	  	
	160	  	 J. Ray McDermott Investments B.V.
	  	 (formerly Menck B.V.)

	1958	  	 J. Ray McDermott Kazakhstan Limited Liability Partnership
	  	
	1975	  	 J. Ray McDermott Logistic Services Pvt. Limited
	  	
	136	  	 J. Ray McDermott Middle East, Inc.
	  	
	239	  	 J. Ray McDermott Solutions, Inc.
	  	 (formerly J. Ray McDermott Engineering Holdings, Inc.)

	625	  	 J. Ray McDermott Technology, Inc.
	  	
	1957	  	 J. Ray McDermott UK Ltd.
	  	
	1960	  	 J. Ray McDermott Underwater Services, Inc.
	  	

					
	248	  	 J. Ray McDermott West Africa Holdings, Inc.
	  	
	244	  	 J. Ray McDermott West Africa, Inc.
	  	
	601	  	 J. Ray McDermott, Inc.
	  	
	207	  	 J. Ray McDermott, S.A.
	  	
	644	  	 Lagniappe Insurance Company, Ltd.
	  	
	193	  	 Malmac Sdn. Bhd.
	  	
	132	  	 McDermott (Malaysia) Sendirian Berhad
	  	
	904	  	 McDermott Abu Dhabi Offshore Construction Company
	  	
	915	  	 McDermott Arabia Company Limited
	  	
	149	  	 McDermott Australia Pty. Ltd.
	  	 (formerly McDermott Industries (Aust.) Pty. Limited)

	183	  	 McDermott Azerbaijan Marine Construction, Inc.
	  	
	241	  	 McDermott Caspian Contractors, Inc.
	  	
	275	  	 McDermott Cayman Ltd.
	  	
	181	  	 McDermott Far East, Inc.
	  	
	133	  	 McDermott Gulf Operating Company, Inc.
	  	
	177	  	 McDermott Holdings (U.K.) Limited
	  	
	300	  	 McDermott Incorporated
	  	
	147	  	 McDermott International B.V.
	  	
	120	  	 McDermott International Investments Co., Inc.
	  	
	119	  	 McDermott International Marine Investments N.V.
	  	
	213	  	 McDermott International Marketing, Inc.
	  	 (formerly McDermott International Beijing, Inc.)

	130	  	 McDermott International Trading Co., Inc.
	  	
	1971	  	 McDermott International Vessels, Inc.
	  	
	100	  	 McDermott International, Inc.
	  	
	1962	  	 McDermott Kft.
	  	
	349	  	 McDermott Marine Construction Limited
	  	
	1986	  	 McDermott Marine Mexico, S.A. de C.V.
	  	
	135	  	 McDermott Offshore Services Company, Inc.
	  	
	176	  	 McDermott Old JV Office, Inc.
	  	
	162	  	 McDermott Overseas Investment Co. N.V.
	  	
	390	  	 McDermott Overseas, Inc.
	  	
	1966	  	 McDermott Panama Holdings, S.A.
	  	
	170	  	 McDermott Servicos de Construcao, Ltda.
	  	
	320	  	 McDermott Trade Corporation
	  	
	306	  	 Mentor Subsea Technology Services, Inc.
	  	
	138	  	 North Atlantic Vessel, Inc.
	  	
	2021	  	 North Ocean II AS
	  	
	2023	  	 North Ocean II KS
	  	

					
	2022	  	 North Ocean V AS
	  	
	612	  	 Offshore Pipelines International, Ltd.
	  	
	618	  	 Offshore Pipelines Nigeria Limited
	  	
	619	  	 Offshore Pipelines Sdn. Bhd.
	  	
	626	  	 OPI Vessels, Inc.
	  	
	623	  	 OPMI, Ltd.
	  	
	185	  	 P. T. Bataves Fabricators
	  	
	180	  	 P. T. McDermott Indonesia
	  	
	901	  	 PT. Baja Wahana Indonesia
	  	 (formerly P.T. Babcock & Wilcox Indonesia)

	643	  	 PT. J. Ray McDermott Indonesia
	  	 (formerly PT. Jay Ray)

	636	  	 Sabine River Realty, Inc.
	  	
	1977	  	 Servicios de Fabricacion de Altamira, S.A. de C.V.
	  	
	1976	  	 Servicos Profesionales de Altamira, S.A. de C.V.
	  	
	2019	  	 Singapore Huangdao Pte. Ltd.
	  	
	640	  	 SparTEC, Inc.
	  	 (formerly J. Ray McDermott Spars, Inc.)

	145	  	 Varsy International N.V.

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