Financial Lines Insurance
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Provides cover for banks and financial institutions like Bankers Blanket Bonds, Electronic Computer Crime, Professional Indemnity and insurance solutions for private banking and equity funds activities. We are also world leaders in writing D&O and IPO business. Below is a brief description of this type of insurance:
- Directors and Officers policy (D&O) protects a company's management team from lawsuits filed by their shareholders alleging failure to properly execute their duties as directors and or officers. And these law suits may result in personal liability.
- Initial public Offering policy (IPO): this is needed for a company when it decides to make a public offer of its securities. It provides cover for: liabilities to a prospectus/listing particulars liabilities arising out of negotiations & decisions made in connection with the offering including any road shows.
Financial Lines Products
Bankers Bond
Financial institutions are exposed to financial loss of criminal nature, such as theft by staff, embezzlement, forgery, hold-ups and fraud.
Directors and Officers Liability
Directors and Officers policy (D&O) protects a company's management team from lawsuits filed by their shareholders alleging failure to properly execute their duties as directors and or officers. And these law suits may result in personal liability.
Kidnap and Ransom
For any company with employees either traveling to or based in overseas countries, or high profile organisation.
SPPI – Single Project Professional Indemnity
Professional Liability insurance that is arranged around the lifecycle and needs of a specific construction project.
CyberEdge
Revolutionary advancements in IT technology has transformed the way companies today manage their business, but have brought with it new and challenging cyber risks. AIG has been at the forefront in understanding these risks and developing a solution that provides all the expertise and financial protection companies need to both protect against the financial losses associated with a data breach or network security failure and to respond swiftly and effectively to manage and mitigate an event. CyberEdge can help mitigate not only the potential financial impact of a data leak, loss or breach, but also the reputational impact and the IT impact because it combines traditional insurance cover with professional consultancy.
IPO POSI
Increased shareholder litigation is fact of life for companies globally, particularly those with US exposures. With this increase in litigation there is a growing awareness of the responsibilities incumbent on directors and officers of companies.
Professional Liability
Protection for businesses against third party claims for loss due to professional negligence or mistake.