Industry Solutions for Financial Institutions

Our service offering provides financial institutions a suite of solutions to customize and tailor to their specific needs. Coupled with our best-in-class claims and engineering support, our goal is to provide a superior core offering to clients that assists them in not just handling, but in preemptively managing risk.


Trade Credit
  • Speciality - Trade Credit - Video thumbnail
Political Risk
  • Speciality - Political Risk - Video thumbnail
  • Financial Institution Risk Management Issues
  • Bankers_Guide - img
Overview

Increasing complexity resulting from consolidation and vertical integration of financial institutions, various instances of alleged malfeasance by industry participants and a steady increase in frequency and severity of claims have brought urgency and intricacy to risk management for financial institutions.

We leverage our creativity and in-depth understanding of market trends to create products that address the needs of financial institutions including management and professional liability insurance, fidelity bonds, environmental insurance, captive surety bonds and other specialty coverages.

Search below to learn more about the spectrum of standard and specialty insurance products and services we offer financial institutions.

Browse Our Financial Institutions Industry Products and Services

Aerospace

Aerospace Products Liability

Full range of aerospace products liability insurance solutions for manufacturers, distributors and maintenance, repair and overhaul (MRO) operations.

General Aviation

Cost-efficient, flexible protection and superior coverage for owners, operators and aircraft management companies of all sizes.

Alternative Risk

Alternative Solutions & Product Innovation

There may be times when a company needs to mitigate a substantial risk that is not addressed effectively in the traditional insurance or financial markets. We help clients address these challenging exposures by providing highly customized, innovative programs that apply insurance and/or capital market strategies.

Global Fronting & Captive Management Programs

There are times when companies face challenges that the traditional insurance or financial markets not may not address effectively. We help companies address non-traditional exposures by providing highly customized fronting programs that apply insurance and/or capital market strategies. In addition, we provide captive management and consulting services regarding the feasibility, formation and management of captives, and offer cell captive facilities.

Casualty

Commercial Umbrella Liability

Customized commercial umbrella solutions designed to minimize the potential for dangerous coverage gaps and inconsistencies between layers of coverage for companies of varying sizes and business sectors.

Excess Liability

Casualty coverage solutions to protect businesses against potentially catastrophic losses. With high capacity and exceptional program design flexibility, we build strong, unified towers of liability protection in an attempt to meet the sophisticated needs of major corporate clients.

General Liability

General liability insurance is designed to protect businesses from the costs of accidents, injuries and property damage sustained by third parties. Companies of all sizes and industries need sound protection against these traditional exposures, as well as more complex exposures such as product liability, advertising injury and reputation damage.

Workers' Compensation

Workers' compensation coverage provides wage loss and medical benefits to workers injured in the course and scope of employment. Our workers’ compensation programs combine insurance with expert loss control, safety engineering and claims management aimed at improving loss experience and protecting employees.

Crisis Management

Kidnap, Ransom and Extortion

Comprehensive insurance coverage to protect business travelers, high net worth individuals and their families against the crisis events of kidnap-for-ransom, extortion, threat or disappearance, that can occur both in the U.S. and abroad while traveling or residing away from home.

ReputationGuard®

Innovative insurance protection and access to world class communications experts to help companies cope with reputation threats and negative publicity.

Environmental

Commercial Pollution Legal Liability

Provides property owners and operators with coverage for site liability, non-owned disposal sites, contracting operations and transportation exposures.

Environmental and General Liability Exposures (EAGLE) Program®

The Environmental and General Liability Exposures (EAGLE) Program provides a cost-effective solution to insureds across many industries with a single policy offering enhanced general liability coverage and pollution legal liability coverage, thus helping to eliminate potential coverage gaps. Higher limits can be obtained with the Commercial Excess Follow Form policy.

Management Liability

CrimeGuard Choice®

Insurance protection for companies (and their employees) against the dishonest acts of an employee as well as forgery, safe burglary and computer fraud on a global basis.

Directors and Officers Liability For Non-Profit Entities

Enhanced with automatic coverage for leased employees, volunteers, or independent contractors, expanded definition of a claim to include non-monetary demands or injunctive relief and more.

Directors and Officers Liability for Private Companies

Offering investigative cost coverage for derivative demands, extended coverage for investigations of individual insureds, roadshow coverage, and more.

Employment Edge®

Employment practices liability insurance coverage that addresses the full range of exposure that companies face, including those arising from workplace bullying and employee use of the internet and social media.

Executive Edge®

Cutting edge management liability protection to respond to the personal risk directors and officers of publicly-held companies face due to the financial scandals, changes in the law, and more.

Fiduciary Liability Insurance Edge®

Protection for directors, officers, employees and employers who are alleged to have breached their fiduciary duty or made mistakes in the management or administration of employee retirement and benefit plans.

Financial Institution Bonds

Four different bonds tailored to protect a broad range of financial institutions in the event of a loss of property or assets due to employee dishonesty, forgery, theft on premises, among other things.

Kidnap, Ransom and Extortion

Comprehensive insurance coverage to protect business travelers, high net worth individuals and their families against the crisis events of kidnap-for-ransom, extortion, threat or disappearance, that can occur both in the U.S. and abroad while traveling or residing away from home.

Not-for-Profit Risk ProtectorSM

A flexible insurance package that allows non-profit organizations of any size to choose one or more of six coverages and combine them in one comprehensive program with shared or separate limits.

Passport for Directors and Officers

Passport for Directors and Officers (D&O) offers an efficient way for multinationals to secure D&O liability insurance aligned with local laws, regulations and customs worldwide.

PortfolioSelectSM

A modular executive liability platform for public and private companies, financial institutions, and non-profit entities.

Private Edge Plus

A flexible insurance package that allows private companies and their directors and officers to choose one or more of seven coverages and combine them in one comprehensive program with shared or separate limits.

Side-A Directors and Officers Liability

Side A directors and officers liability insurance provides directors and officers with an additional level of defense to protect their personal assets as a result of adverse litigation. Companies now can purchase up to $100 million in Side A coverage from AIG.

Marine and Inland Marine

Hull and Protection and Indemnity Insurance

Tailored coverage for a wide range of small to large marine vessels from tankers to tugs.

Marine Liability

Wide range of marine liability insurance products to meet the needs of transportation companies, stevedores, wharfingers, terminal operators and port authorities, shipyards and ship repair operations, bunkermen, vessel charterers, pilots and marine contractors in nearly every jurisdiction around the globe.

Professional Liability

Bankers Professional EdgeSM

Professional liability insurance for banking and non-bank lending institutions protects the institution and its directors, officers and employees against claims alleging negligent acts or errors or omissions in the rendering of (or failure to render) professional services to third parties.

CyberEdge®

Flexible protection against rising occurrences of sensitive data breaches, computer hacking, dumpster diving (theft of discarded records), cyber terrorism, computer virus and employee sabotage or pilferage of information and identity theft.

Insurance Company Professional EdgeSM

Professional liability protection for insurance companies and their directors, officers and employees against claims alleging breach of an implied covenant of good faith and fair dealing and their failure to perform professional services for third parties.

Investment Management Insurance Edge

A package policy designed to help advisers and funds manage their management and professional liability risks all under one policy.

PortfolioSelectSM

A modular executive liability platform for public and private companies, financial institutions, and non-profit entities.

Private Edge Plus

A flexible insurance package that allows private companies and their directors and officers to choose one or more of seven coverages and combine them in one comprehensive program with shared or separate limits.

ReputationGuard®

Innovative insurance protection and access to world class communications experts to help companies cope with reputation threats and negative publicity.

Property

Large Limits

Increased property capacity to help protect a broad array of commercial occupancies including healthcare, manufacturing, real estate, public authorities, retail and higher education from catastrophic losses.

Property Performance SeriesSM

A sophisticated suite of commercial property policies and services for the middle market.

Standalone Property Terrorism Coverage

Property insurance that provides broad protection against losses to physical assets arising from terrorist acts around the world.

Trade Credit and Political Risk

Global Limits Manager

A web-based accounts receivable management tool designed to establish, monitor and revise customer credit limits using live sales ledger data, supplemented where necessary with credit agency data providing a powerful insight to a company's receivables risk portfolio.

Medium Term Trade Credit Insurance

Whether an OEM or lender, companies offering longer repayment terms are exposed to multiple economic and geopolitical cycles that magnify the risk of non-payment due to customer insolvency, protracted default and political events.

Political Risk

Protection investors, financial institutions and corporate clients need to safeguard their investments in overseas markets against unpredictable losses due to specified political risk perils.

Trade Credit Insurance

Protection for companies that sell goods or services on credit terms against the risk of non-payment due to buyer insolvency, protracted default, political risks or acts of war that prevent contract performance and failure to perform obligations under contract.

Trade Finance

Credit insurance supporting structured and supply chain finance transactions based on trade receivables.


AIG Links