Directors & Officers (D&O) Liability

What is D&O?

  • Customized protection for directors and officers of public or private companies, non-profit organizations and financial institutions against risks faced in executing their management responsibilities, such as:
    • Increased regulatory scrutiny
    • Public demands for individual accountability
    • More frequent shareholder litigation
    • Adversarial shareholder actions including inspection of books and records and derivative demands
    • Rising defense and settlement costs
    • Expanding bankruptcy exposure and more
  • Entity coverage also available.
  • Dedicated capacity available for non-indemnifiable loss (generally referred to as “Side-A” coverage) on a primary basis or on an excess basis complementing AIG’s presence on primary and excess entity-based programs.
  • Bermuda-based placements for all Financial Lines products are available on an excess coverage basis.

The AIG Advantage

Coverage Modernization

  • 40+ years of introducing updated and expanded coverage to address emerging exposures.
  • Claims and underwriting alignment leverages our expertise and vast knowledge base to provide coordinated solutions for insureds.

Multinational

  • Service delivery in a globally consistent and seamless fashion through one of the largest global networks in the industry, spanning 215+ countries and jurisdictions.

Claims Capabilities

  • “Once in a lifetime” situations handled by 200 in-house claims professionals seeing 25,000+ claims and paying $1.5B in claims annually.
  • Defense counsel from premier law firms with high performance standards based on specific needs.

Appetite

Class

Focus Areas Non-Preferred Risks
Public Companies

Primary and excess capacity available.

 

Will underwrite to initial public offerings and special purpose acquisition companies, but with more limited capacity than overall public company universe.

 

Expanding fiduciary, fidelity, cyber and kidnap and ransom lines of coverage in addition to D&O.

Initial public offerings (at current market pricing)
Private Companies

Excess coverage or package policies with D&O, employment practices, fiduciary, fidelity and kidnap and ransom on one policy form.
 

Primary and additional excess coverage available with the proper pricing, retention and limits.

Privately held startup companies valued > $1B.
Non-Profit Organizations

Preference for 501(c)3 based non-profits.
 

Excess coverage or package policies with D&O, employment practices, fiduciary, fidelity and kidnap and ransom on one policy form.

Primary and additional excess coverage available with the proper pricing, retention and limits.
Financial Institutions Preference for real estate companies, insurance companies and insurance agents, private depository institutions and asset management D&O.

Cryptocurrency.
 

Lending.

National Leadership

Allison Barrett

Head of North America, Financial Lines

Mary McIvor

Head of Financial Lines Claims

Downloadable Materials