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  • Side-A Select® fills in coverage gaps of primary and excess entity-based directors and officers (D&O) liability coverage programs to protect directors and officers of public or private companies, non-profit organizations or financial institutions against risks faced in executing their corporate responsibilities; coverage is available on a primary basis or complementing AIG’s presence on primary and excess entity-based programs
  • Value-added coverage enhancements beyond typical Side-A D&O policies include, but are not limited to:
    • Extended protection through a per-claim limit structure and optional coverage for additional dedicated limits for specified individuals
    • Expanded drop-down coverage to apply whenever corporate indemnification and underlying insurance fails or is refused “for any reason”
    • Option for more coverage, such as broader fines and penalties coverage, explicit coverage for plaintiff attorney’s fees, enhanced pre-claim inquiry coverage, and the availability of separate defense counsel
  • Side-A Match Edge (SAME)® structure is available on AIG’s Primary D&O policies with any AIG Side-A capacity (lead or excess) from any geography to:
    • Broaden the available Side-A cover within a primary D&O ABC policy, and
    • Match the terms of a Side-A Difference in Conditions policy form with broader coverage extending up follow-form ABC tower
  • Bermuda-based placements for all Financial Lines products are available on an excess coverage basis

  • Broad appetite for Side-A D&O business with the exception of financially distressed companies and cryptocurrency
  • Preferred revenue size: from $25M annual revenue and up
  • Side-A capacity can be deployed on primary basis, but more often Side-A capacity sits excess of ABC limits
  • Long-term partnership with clients is AIG’s goal

Product Innovation

• History of customizing manuscripted policies or coverages for specific insureds

• Side-A Match Endorsement (SAME) leads the Side-A market into ABC portion of the program

 

Multinational

 

Committed to delivering multinational expertise, solutions and service to clients in a globally consistent and seamless fashion through one of the largest global networks in the industry, spanning 215+ countries and jurisdictions; 14,000 in force underlyer policies

 

Claims

 

• Unique partnership between claims and underwriting ensures coverage is continuously updated to address today’s emerging exposures of entities and individuals

• Experienced claims team, comprised of 200 specialists handling over 25,000 claims annually, including Side-A claims for public, private, non-profit, and financial institutions

• Financial Lines pays over $1.5B in claims each year