<p>In the event of a claim arising under this Policy, Insurer agrees to waive any rights, remedies or relief to which Insurer may become entitled by subrogation against:</p>

<ol>
	<li>Any Company standing in the relation of Parent to Subsidiary or Subsidiary to parent to be Insured.</li>
	<li>Any Company which is a subsidiary of a Parent Insurer of which the Insured are themselves a Subsidiary.</li>
</ol>
