AIG’s Side-A appetite remains broad across private, public and non-profit entities. We have the ability to provide fresh limits for new directors and officers, including complex situations such as where the company/insured is financially insolvent. AIG’s unique Side-A offering provides insureds not only dedicated, broad limit for directors and officers at the top of the tower, but also broad Side-A coverage throughout their D&O tower when AIG is the primary carrier. For example:
Challenge: An AIG panel counsel firm advising a financially distressed company with multinational exposures identifies a need for D&O coverage in order for the client to add new, high-quality directors to its board.
Solution: Working with the broker, AIG underwrote the exposure and leveraged its multinational footprint to provide coverage for these new directors despite the heightened D&O risk given the company’s financial position.
Benefit: The broker and the law firm solved a significant challenge for the insured and know they can rely on AIG for custom-tailored policies for multi-faceted, complex risks.