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Financial Institutions Insurance

AIG handles some of the most complex transactions and risks, helping to protect financial institutions from a variety of emerging exposures.

Why choose AIG for Financial Institutions Insurance?

Financial institutions face increasing complexity due to new regulations, consolidation, and vertical integration. With 40+ years of claims and underwriting insights and 20+ years of cyber expertise, AIG helps clients understand trends and emerging risks, and stay protected with holistic liability solutions.

The AIG Advantage

AIG continues to set the standard in a fast-evolving industry. From liability insurance to captive surety bonds, we address our industry’s evolving needs. We have a broad appetite for financial institutions of all types and sizes and are able to provide integrated Directors and Officers (D&O), Employee Practices Liability (EPL), Fidelity, Fiduciary, Errors and Omissions (E&O), and Cyber Liability programs tailored to each client.

  • Provides the support of dedicated, long-tenured underwriting and claims teams with proven expertise around the nuances of each financial institutions product

  • Develops flexible, sustainable solutions to help clients endure market fluctuations and periods of instability

  • Continues to set the standard in a fast-evolving industry 

  • Dedicates a team of underwriting experts who focus on delivering solutions tailored to needs of each financial institution 

  • Integrates dedicated cyber practice leveraging AIG’s 20+ years of cyber expertise 

  • Delivers holistic solutions across management, professional, and cyber liability customized to clients’ emerging risks 

  • Provides specialized, in-house claims professionals dedicated to financial institutions to handle complex claims

  • Offers direct access to AIG claims professionals from pre-policy inception through claims resolution

  • Leverages decades of claims and underwriting insights to help clients understand trends to address traditional and emerging risks 

Creating Solutions for Complex Risks

Businesses undergoing complex transactions or navigating difficult situations face unique management liability risks. AIG Financial Lines’ Special Situations Group can provide creative, bespoke insurance solutions.

Advantages in Action


A recent transaction created coverage deficiencies in the program of an insurance company client.


AIG revised coverage terms and conditions to address coverage needs created by the transaction.

AIG Benefit

The insured maintained comprehensive coverage mid-policy term.


A bank sought a combined cyber and fidelity solution for simplified coordination of coverage and claims handling.


AIG’s team of specialized underwriters provided a combined cyber liability and fidelity coverage package solution.

AIG Benefit

AIG’s integrated financial institutions team provided the client with a customized solution to meet their specific needs.


After an AIG insured’s client opted to settle its obligation surrounding a complex regulatory lawsuit, our insured continued to face ongoing legal liability and a regulatory investigation.


In collaborating with the client and using AIG’s deep financial institutions claims expertise, our claims team partnered closely with outside defense counsel to achieve a successful result in the litigation.

AIG Benefit

By prevailing at trial, the client avoided regulatory fines and penalties, upheld existing policy language, and protected its reputation.

AIG Financial Institutions Insurance Solutions

To help our clients endure market fluctuations and periods of instability, we develop flexible, sustainable solutions.

Protection from loss due to employee theft or dishonesty, impersonation fraud, fraudulent funds transfer instructions, and more.

Customized solutions for directors and officers against claims by competitors, shareholders, and regulators.

Protection against claims including discrimination, harassment, wrongful retaliation, and additional named violations.

Protection for your company's benefit plans and the people who oversee them.

Protection for organizations and high-net-worth individuals at home and abroad with threat management through professional response consultants.

More Products for Financial Institutions

AIG helps address challenging exposures through customized, innovative programs that apply insurance and/or capital market strategies. No matter how complex or material your risk, our flexibility, capacity and expertise can address it.

Brokers: Meet Your AIG Team

View contact information for AIG’s national product and distribution teams.

Downloadable Materials

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Financial Institutions Highlight Sheet

What is Financial Institutions Insurance?

Financial institutions—like banks and other lending entities—need a variety of protections for their assets and employees. This is especially true of banks doing business overseas. Insurance companies like AIG that have different policies for political risk, directors and officers, management liability, and cyber security, can create flexible, comprehensive policies to address the types of exposures different institutions may face.

Financial institutions have risks that are both internal and external—everything from an unforeseen political event to litigation initiated by a current or former employee. As with other types of companies, financial institutions can also suffer errors and omissions, physical damage, fraud, and online security breaches. Financial Institution Insurance policies can cover all of the above and more.

The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.