Chase Manhattan Bank

                         Automatic Reinsurance Agreement

                                     between

                FIRST ALLMERICA FINANCIAL LIFE INSURANCE COMPANY
                            Worcester, Massachusetts

                     (hereinafter called the CEDING COMPANY)

                                       and

                          AXA RE LIFE INSURANCE COMPANY
                               New York, New York

                       (hereinafter called the REINSURER)

                            Effective January 1, 1999

            This Agreement will  . . .

[GLOBAL CROSSING LOGO]


                             PART 1 - SPECIFIC TERMS

THIS CAPACITY PURCHASE AGREEMENT (as amended, supplemented or otherwise modified
from time to time, this "Agreement"), entered into as of November 10, 2000
between GLOBAL CROSSING BANDWIDTH, INC., a corporation organized and existing
under the laws of California and having its principal office in Goleta,
California , (said company, and any permitted successor or assign hereunder, the
"Grantor") and INTERNATIONAL SATELLITE COMMUNICATION HOLDING LTD., a corporation
organized and existing  . . .