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Overview

A sector with unique challenges

In a difficult economic environment, businesses in all sectors face challenges. Many financial institutions face additional pressures generated by increased regulation, robust capital and lending criteria, and a global drive to improve disclosure, increased transparency and enhance shareholder protection.

AIG takes a specialist approach

This is why the specialist liability needs of financial institutions and financial service providers are addressed by our dedicated team. Their brief is to stay abreast or ahead of developing regulation reform so that our products can be constantly revised to provide appropriate insurance cover for emerging areas of risk.

Who is it for?

All financial institutions, including banks, hedge funds, venture capital firms, fund managers, insurance and investment management companies.

What is covered?

Civil Liability
Professional Indemnity Insurance on a Civil Liability basis.

Bankers Blanket Bond
Protection against losses resulting from its employees' dishonest or fraudulent acts (performed individually or in collusion with other persons) and from third parties' acts committed with the intent to obtain financial gain.

Directors and Officers Liability
Protection for claims brought against directors, officers and senior employees for actual or alleged breach of duty, neglect, misstatements, errors or omissions. Entity cover for securities claims and employment practice liability are also available.