Financial Institutions

What is AIG Financial Institutions?

AIG provides dedicated expertise and a holistic approach to managing the financial lines exposures faced by financial institutions today and in the future. 

  • Integrated D&O, EPL, Fidelity, Fiduciary, E&O, and Cyber Liability programs tailored to each client’s needs.

  • Broad appetite for financial institutions of all types and sizes.

Financial Institutions Experts

Specialized Coverage Solutions

Dedicated Claims Expertise

The AIG Advantage

Experience and Reliability

  • 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 
     

Why is this important?

Stability, responsiveness, and sustainable solutions underscore AIG’s commitment to financial institutions.

Specialized Underwriting

  • 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 
     

Why is this important?

Expertise and insights help ensure clients’ programs holistically address current and emerging risks.

Industry Claims Expertise

  • 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 
     

Why is this important?

AIG‘s in-house claims experts deliver creative and efficient resolutions for clients’ claims.

Why AIG

Experience and Reliability

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

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

Benefit: The insured maintained comprehensive coverage mid-policy term.
 

Why is this important?

AIG’s understanding of financial institution risks helps address clients’ evolving management liability risks.

Specialized Underwriting

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

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

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

Why is this important?

AIG specialized underwriting ensures we can provide the right solutions to client risks.

North America Leadership

Justin Gilmore

Head of Financial Institutions

 

Bryan Boyle

Head of National Accounts

Rita Perez

Head of FI, Fidelity and M&A Claims

James LoPresti

Head of Corporate Accounts

Chris O’Connor

Head of FI Cyber

Downloadable Materials

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.