A range of specialist products designed to meet the needs core financial sector activities.
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.
At AIG 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.
For all financial institutions, including banks, hedge funds, venture capital firms, fund managers, building societies, insurance and investment management companies.
Professional services insurance on a civil liability basis for the financial institution, all its employees and others for whom it is vicariously liable.
Who is it for?
All financial institutions including Banks, Building Societies, Insurance Companies, Hedge Funds, Fund Managers, Investment Managers, Stockbrokers, Venture Capital firms and Finance Companies.
Features & Benefits
Cover
Extensions available
Who is it for?
All financial institutions, including banks, hedge funds, venture capital firms, fund managers, building societies, insurance and investment management companies.
Features & Benefits
Cover
Our CorporateGuard D&O cover for Financial Institutions recognises the increasing risks faced by companies of all sizes and their officers. It provides formerly bespoke cover automatically, with added value services and fewer restrictions. Clients have the comfort of knowing that one of the most experienced claims teams in the industry is working on their behalf if a claim is made.
Who is it for?
Financial institutions of all sizes including banks, hedge funds, insurance companies, building societies, fund managers, investment managers, stockbrokers, venture capital firms and finance companies.
Features & Benefits
Cover
Specific, purpose-built worldwide employment practices cover for the entity, individuals, and outside entity directors.
Who is it for?
Mid to large-sized companies.
Features & Benefits
Cover
Protection for the trustees, the employees, the employer company and the fund itself against claims brought against them for actual or alleged wrongful acts which have placed the plan’s assets at risk.
Who is it for?
All financial institutions including Banks, Building Societies, Insurance Companies, Hedge Funds, Fund Managers, Investment Managers, Stockbrokers, Venture Capital firms and Finance Companies.
Features & Benefits
Cover
Financial protection against civil liability for investment advisory services, directors and officers liability insurance in respect of both the investment fund and investment manager; as well as crime cover against the dishonesty of employees and third parties.
Who is it for?
Investment management companies, investment funds, hedge funds and investment Trusts. includes automatic cover for approved persons, outside entity directors, domestic partners, administrators, and executors
Features & Benefits
Cover
Covers companies against securities claims arising from offerings of a company's securities. The policy can cover equity or debt issues, both initial and secondary. Cover is for the company and its directors, officers, employees and selling shareholders.
Who is it for?
Financial institutions involved in capital raising via issue of a prospectus.
Features & Benefits
Who is it for?
Private Equity and, Venture Capital Managers, and related investment funds and partnerships with domestic and international exposures.
Features & Benefits
Cover
1.1. Management Liability
Providing protection for insured persons (past, present and future) should they breach any of the duties that they owe in relation to the company or fund. The policy will also reimburse the company when they indemnify such insured persons.
1.2. Outside Directorship Liability and Outside Directorship Run-Off Liability
The policy provides protection for outside entity directors (past, present and future) sitting on the board of an outside entity at the specific request of the insured.
1.3. Civil Liability
The policy provides protection for the insured for any error or omission whilst providing venture capital or private equity services.
Insured includes, past, present, and future directors, officers & trustees, outside entity directors, non-executive directors, shadow directors, senior accounting officers, advisory board members, employees, consultants, approved persons, members of internal audit committees, general council members and general partners.
Covers directors of a hedge fund against claims for breaches of duty in that capacity.
Hedge Fund One is a stand-alone directors and officers liability policy specifically for hedge funds which indemnifies individuals where the fund cannot and reimburses the fund for indemnities it does pay. Retiring insureds will receive six years’ run-off cover. Additional insurances cover corporate governance and disclosure breaches; costs for regulatory and compliance investigations; key man insurance and public relations expenses.
Who is it for?
Hedge funds and their directors.
Features & Benefits
Cover
AIG’s Investment Managers’ Multiline Insurance package allows investment managers to tailor cover to their specific business needs.
Who is it for?
UK-domiciled asset managers and funds with assets under management (AUM) up to £5bn. (edited from current)
Capacity
Features & Benefits
Cover Options