Product List Bermuda Casualty, Financial Lines, and Global Risk Solutions

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1 2015 THIS INFORMATION IS INTENDED FOR INSURANCE BROKERS AND OTHER INSURANCE PROFESSIONALS ONLY Product List Bermuda Casualty, Financial Lines, and Global Risk Solutions

2 At AIG, product innovation never stands still. If you want to discuss a product not featured in this brochure please contact your local AIG office. Alternative Solutions Customized, innovative programs that insure complex or unusual risks that are difficult to address in the conventional insurance or financial markets. Captive Management Services Complete range of captive management and consulting services regarding the feasibility, structuring, formation, and overall management of captives with an in-depth understanding of each domicile s regulatory requirements and local business practices. Casualty Primary and excess layers for public and product liability, motor fleet, and employer s liability covers. Includes our award-winning medical and vocational rehabilitation services. Financial Lines Innovative management liability, cyber liability, and specific professional liability protection tailored to fit the individual needs of domestic and multinational organizations. Global Fronting Programs Flexible, efficient programs that insure virtually all types of risks throughout the world while enabling clients to retain some or all of the risk via a captive, rent-a-captive or other protected cell structure, or through a fully funded structure or indemnity program. AIG Multinational solutions are available for certain products which include the following icon: 2

3 Alternative Solutions PRODUCTS COVER MARKET Blended Structures Combining Client Funding and Risk Transfer Provide coverage all over the world for virtually any type of complex or unusual risk that is difficult to insure in the traditional insurance or financial markets. A single program combines client funding of expected losses and the utilization of risk transfer above the funded layer. Large single country and multinational companies, financial institutions, and growing middle market companies in virtually any type of industry. Customized Primary or Excess Risk Transfer Programs Primary or excess insurance all over the world for virtually any type of complex or unusual risk not adequately addressed by the traditional insurance or financial markets. Large single country and multinational companies, financial institutions, and growing middle market companies in virtually any type of industry. Buyouts Enable clients to offset liabilities resulting from a wide array of insurable risks. Large single country and multinational companies, financial institutions, and growing middle market companies in virtually any type of industry. 3

4 Captive Management Services PRODUCTS COVER MARKET Captive Management Services Captive advisory and management services including a complete range of services regarding the feasibility, structuring, formation, management, and operational review of captives, with an in-depth understanding of each domicile s regulatory requirements and local business practices. Mid to large sized single country or multinational companies and financial institutions in virtually any industry wishing to form a new captive or optimize its existing captive program. Our global portfolio ranges from single parent insurance and reinsurance captives, associations, risk retention, and group captives to rent-a-captives, protected cell companies, and segregated account structures. Clients without a captive can experience many of its benefits through participation in AIG s own captive cell facilities in Vermont and Bermuda. 4

5 Casualty PRODUCTS COVER MARKET General Liability Motor / Fleet Multinational solutions include: World Source and World Risk Excess Casualty Product Recall / Contaminated Products Insurance Healthcare Contractually required in many jurisdictions, general liability protects businesses from the costs of accidents, bodily injuries, and property damage sustained by third parties. Specializes in traditional and complex exposures such as products liability and reputation damage. Excess commercial auto, truck, and fleet coverage, helping clients reduce their exposures to accidents and aid recovery afterward. High capacity and a strong commitment to the commercial transportation marketplace; expert underwriters, access to dedicated commercial fleet claims adjusters and loss prevention specialists to create driver safety programs, vehicle maintenance and telematics. High limit casualty coverage solutions to protect businesses against potentially catastrophic losses. We build strong, unified towers of liability protection to meet the sophisticated needs of major corporate clients. Provides cover for recall costs, loss of gross profits, and rehabilitation costs following accidental defect or malicious product tampering (actual or threatened). It also provides crisis management planning and loss prevention services through leading international crisis management specialists. Excess professional liability for healthcare professionals, facilities such as hospitals, out-patient clinics, and device and equipment manufacturers. Specialized coverage enhancements available for industry-specific exposures, including light to industrial manufacturers, food and beverage, building services contractors, general and artisan contractors, financial institutions, government contractors, hospitality and gaming, real estate, retail, and security guards. Light and heavy goods vehicles, couriers and delivery services, corporate fleets, haulage contractors and freight forwarders, rental and leasing agencies. Multiple policy forms available including follow-form, Integrated Occurrence, Claims Made, high limits, and dual form policies. Unparalleled expertise across multiple industry segments including energy, transportation, utilities, construction, manufacturing, healthcare, and retail. In claims AIG Bermuda leverages AIG s worldwide expertise and superior litigation management expertise, including in-house staff counsel, leading panel counsel, and exceptional litigation strategies testing defense tactics, guidance on venues, mock trials, and shadow juries to achieve the most effective claim resolutions and mitigate large losses. Product Recall Insurance intended for food and beverage manufacturers, distributors, wholesalers, or retailers. Access to patient-safety focused loss prevention consultants with clinical, business, and practical experience. Punitive Damages Broad appetite to insure any risk of uninsurable punitive damages worldwide for AIG issued policies, up to $150mn. All AIG policyholders in jurisdictions where punitive damages may be awarded and the product is available for policies, including, but not limited to, Commercial General Liability and General Casualty. 5

6 Financial Lines PRODUCTS COVER MARKET Cyber Liability Comprehensive and innovative risk management protection of Cyber Liability for organizations against sensitive data breaches, computer hacking, dumpster diving, computer viruses, employee sabotage or error, pilferage of information, and identity theft. insurance. Directors and Officers Liability Crime Employment Practices Liability Pension Trust Liability Mergers and Acquisitions Professional Liability Primary Side A and excess protection for an organization (inclusive of its subsidiaries) and its past, present, and future board members, directors, and officers against any actual or alleged breach of duty, neglect, error, misstatement, misleading statement, omission, or act. Protection for an organization and its employees against the dishonest acts of an employee, as well as forgery, safe burglary, and computer fraud. Protection for an organization against employment-related claims resulting from actual or alleged acts of employees such as wrongful termination, harassment, invasion of privacy, and employment-related slander. Protection for an organization and its directors, officers, and employees, who are alleged to have breached their fiduciary duty or made mistakes in the management or administration of employee retirement, pension, and benefit plans. A range of customized products designed to transfer risks in mergers, acquisitions, and related transactions, including Representations and Warranties Insurance (Warranty and Indemnity Insurance), Tax Insurance, Litigation Buyout, and Contingent Liability Insurance. Protection for an organization and its employees against alleged breaches of professional services. insurance for traditional D&O coverage.. insurance. insurance. insurance. financial institutions of all sizes and industries considering a merger, acquisition, or restructure, excess of $15mn of insurance. Architects and engineers, all classes of financial institutions, insurance brokers, management firms, public and private companies, non-profit entities, educational institutions, human services, and solicitors, excess of $25mn of insurance. Punitive Damages Broad appetite to insure any risk of uninsurable punitive damages worldwide for AIG issued policies, up to $150mn. All AIG policyholders in jurisdictions where punitive damages may be awarded and the product is available for policies, including, but not limited to Financial Lines. 6

7 Global Fronting Programs PROGRAMS COVER MARKET Captives Provide flexible coverage for virtually any type of risk anywhere in the world. Range from single-line coverage in one country to complex global structures. Offer local underlyers, claims services, tailored reporting, and risk engineering including substantial risk transfer capacity. Large single country and multinational companies in virtually any industry seeking to: Retain risk. Access AIG s extensive multinational policy issuance, administration, claims handling, and reporting capabilities. Rent-A-Captives, Protected Cell Companies (PCC), and Segregated Account Structures Clients without a captive can experience many of its benefits through participation in AIG s own captive cell facilities in Vermont and Bermuda with flexible coverage: For virtually any type of risk Ranging from single-line coverage in one country to complex global structures Offering local underlyers, claims services, tailored reporting, and risk engineering including substantial risk transfer capacity. Mid-sized single country and multinational companies in virtually any industry seeking to create a compliant insurance program that enables the insured to: Retain risk. Access AIG s extensive multinational policy issuance, administration, claims handling, and reporting capabilities. Fully Funded Structures Provide flexible coverage for virtually any type of risk anywhere in the world. Range from single-line coverage in one country to complex global structures. Offer local underlyers, claims services, tailored reporting, and risk engineering. Single country and multinational companies in virtually any industry seeking to create a compliant insurance program that enables the insured to retain risk. Indemnity Programs Provide flexible coverage for virtually any type of risk anywhere in the world. Range from single-line coverage in one country to complex global structures. Offer local underlyers, claims services, tailored reporting, and risk engineering. Single country and multinational companies in virtually any industry seeking to create a compliant insurance program that enables the insured to retain risk. 7

8 AIG Multinational AIG can provide locally admitted insurance in over 200 countries. Whether you opt for local policies, one global policy, or a controlled master program, our global experience and solutions give you unparalleled advantages. Comprehensive, Holistic Approach AIG Multinational collaborates with you to evaluate numerous factors that can impact your program - and give you flexibility to design multinational insurance that fits the needs, strategies, and preferences of your organization. Together, we consider not only regulatory realities, but exposures, coverage, capital and tax concerns, claims, and proof of insurance needs. So you can make well informed decisions about whether to insure locally or globally. Consistent and Flexible Solutions You can count on efficient, high-quality underwriting, loss control, and claims services throughout our global network. Our exceptionally broad breadth of products spans traditional property and casualty, to the most highly specialized offerings. AIG Multinational experts support the design, implementation, and management of your multinational program from prompt policy issuance, to timely movement of funds worldwide. Local Knowledge and Experience, Worldwide. Our employees worldwide provide local knowledge and expertise to enrich all facets of your multinational insurance program. Wherever your business needs take you, now and in the future, we have a solution to support you. We ve been in this business for more than 90 years. AIG Multinational may not be available in every jurisdiction. Please check with your local representative to confirm. 8

9 Bermuda Region Contacts Anthony M. Philip AIG Bermuda, President & CEO (441) Casualty Alexander Damon Rosati Senior Vice President - Casualty Manager (441) Alexander.Rosati@aig.com Julie King Vice President - Casualty (441) Julie.King@aig.com David Porter Vice President - Casualty (441) David.Porter2@aig.com Clare Ellison Vice President - Casualty (441) Clare.Ellison@aig.com Joan Tolan Assistant Vice President - Casualty (441) Joan.Tolan@aig.com Anson Aguiar Underwriter - Casualty (441) Anson.Aguiar@aig.com Financial Lines David Friston Senior Vice President - Financial Lines Manager (441) David.Friston@aig.com Sarah Carr Vice President - Financial Lines Underwriting (441) Sarah.Carr@aig.com Susan Outerbridge Vice President - Financial Lines Underwriting (441) Susan.Outerbridge@aig.com Tona Symonds Vice President - Financial Lines Underwriting (441) Tona.Symonds@aig.com John Masters Underwriter - Financial Lines Underwriting (441) John.Masters@aig.com Global Risk Solutions Brian McNamara Senior Vice President - Global Risk Solutions (441) Brian.McNamara@aig.com Stuart Hayes Vice President - Global Risk Solutions (441) Stuart.Hayes@aig.com Simon Moore Vice President - Global Risk Solutions (441) Simon.Moore@aig.com Jackie Scott Vice President Global Risk Solutions (441) Jackie.Scott@aig.com Punitive Damages Alexander Damon Rosati Senior Vice President - Casualty Manager (441) Alexander.Rosati@aig.com Joann (Josie) Richardson Manager Punitive Damages (441) Joann.Richardson@aig.com American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at YouTube: LinkedIn: AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.