THIS INFORMATION IS INTENDED FOR INSURANCE BROKERS AND OTHER INSURANCE PROFESSIONALS ONLY WE RE STRONGER TOGETHER. Product List.

Transcription

1 THIS INFORMATION IS INTENDED FOR INSURANCE BROKERS AND OTHER INSURANCE PROFESSIONALS ONLY WE RE STRONGER TOGETHER Product List

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. Aerospace Innovative and comprehensive insurance solutions for the global aviation and space industry, encompassing the spectrum of coverage s required by aircraft operators, manufacturers and ground service providers. Commercial Combined Commercial Combined is a comprehensive all risks product for small, medium and large businesses with up to 10 million turnover. Consumer Lines Personal accident and travel insurance providing a wide range of cover for UK business employees. Crisis Management Business contingency protection for crisis situations involving people or products. Integrates financial indemnity with expert assistance in managing the reputational impacts of a crisis. Energy Specialist insurance protection for global and local oil & petrochemical, power generation, chemical manufacturing, offshore, construction and boiler & machinery sectors. Environmental A wide range of market leading products suitable for owned and/or operated sites, contractors, consultants, projects or property transactions covering environmental damage from sudden and accidental as well as gradual events. Coverage includes third-party liabilities and first party on and off-site clean-up costs, biodiversity damage plus defence and mitigation costs. Financial Lines Management liability, professional liability and crime products including directors and officers liability, employment practices liability and pension trustee s liability, with speciality solutions for professions, commercial risks and financial institutions. Financial Lines products are backed up by a range of value added services. Global Risk Solutions Insurance solutions and tailormade programs that help companies manage challenging risks. Specialities include multinational programmes, high frequency loss-sensitive programmes, and programmes with unique client reporting requirements. Liabilities Primary and excess layers for public and product liability, motor fleet and employer s liability covers. Includes our awardwinning medical and vocational rehabilitation services. Marine Customised cargo transportation products and handling services worldwide. Clients range from importers, exporters, manufacturers, logistics operators, or large project-cargo (infrastructure) operations to multinationals seeking tailored insurance solutions that can be location specific or part of a worldwide master policy programme. Mergers & Acquisitions A range of bespoke products designed to transfer known and unknown risks in M&A and related transactions. Motor Fleet Tailored insurance solutions for motor fleets with a focus on helping organisations reduce their risk exposure, or aiding recovery after an incident. Political Risk Risk transfer solutions to enable companies to manage the risk of disruption after a political event that may be associated with their international business operations. Private Client Group Home, collections, motor and yacht insurance for high net worth individuals. Property Standard and customised commercial lines property products and services to a diverse range of clients from single site operations to multinationals. Surety Contract and commercial surety facilities for leading companies particularly those trading in the construction, engineering and manufacturing sectors, allowing issuance of bonds and guarantees internationally as well as in domestic markets. Surety relies on full indemnification for all risks. Trade Credit Enables a business to grow with confidence both internationally and domestically, by insuring and managing it s receivables. 2

3 Aerospace Airline Hull physical damage, passenger and third party liabilities for commercial airline and cargo operators. Cover also available for deductible, excess third party terrorism liability and hull war physical damage. Major airlines and regional airlines operating jet and turboprop aircraft. Products and Airports Products legal liability; third party legal liability (including terrorism liability) for bodily injury and property damage arising out of operations at airports including air traffic control, refuelling, ground handling, security screening and repair and overhaul operations. *New* Airside premises and contractors liability. Manufacturers of aircraft and/or component parts supplied to the aerospace industry; Airport owners and operators including specialist aviation service providers. General Aviation Hull physical damage, passenger and third party liabilities for fixed and rotor wing aircraft operators. Cover also available for excess third party terrorism liability and hull war physical damage. Corporate / Industrial Aid and Commercial operators of business jet, fixed wing and rotor wing aircraft. Space and Satellite Physical loss or damage to launch vehicles and/or satellites; third party liabilities during launch preparations, launch and in orbit operations. Satellite owners/operators and their customers, manufacturers and launching agencies. 3

4 Commercial Combined Commercial Combined Comprehensive package policy that includes All Risks on Material Damage, and Business Interruption, Employers and Public / Products Liability covers, along with value-added services, Rehabilitation for injured employees and online Health & Safety training. UK businesses with turnover up to 10 million. 4

5 Consumer Lines ACCIDENT & HEALTH GROUP PERSONAL ACCIDENT & TRAVEL Lifeline Plus Group Personal Accident and Travel Group Corporate Catastrophe Cover Lifeline Plus RapidQuote Travel Speciality Markets ACCIDENT & HEALTH VOLUNTARY EMPLOYEE BENEFITS Personal Accident Cancer Cover COVER Lifeline Plus group personal accident and travel insurance contains a wide range of cover. It s simple to buy and delivers the promised benefits effectively. The injury and travel covers can be bought together or separately. Policy limits, and when and where the cover operates, are selectable. Key benefits for business travellers include no age limits; cover on personal travel trips for directors, their partners and children; and cover for pre-existing medical conditions, as long as the person is not travelling against the advice of a medical practitioner. Provides significant event limit benefits for organisations with employee benefit payment aggregations exceeding the cap placed on their personal accident or pension scheme death in service cover. Lifeline Plus Group Personal Accident & Travel cover in a pre-priced format with fixed benefits. Tailored travel insurance programmes with delivery systems that can work flexibly with the client s own sales process. We have in-house telesales capability as well as a worldwide network of claims and 24/7 assistance facilities. Bespoke personal accident and/or travel programmes tailored for the insured group. COVER A range of lump sum cash benefits payable for specified injuries ranging from burns, dislocations and fractures to permanent disabilities. We also offer personal accident insurance with benefits specifically tailored to the needs of the over 50s. MARKET UK and multinational businesses with two or more employees. Larger UK businesses where there is a perceived need for additional top up PA cover. Small and medium enterprises (SME). Companies engaged in high volume distribution of travel insurance. Organisations or groups if a membership or affinity exists and there is no employer/ employee relationship. MARKET UK businesses, regardless of size. Can be purchased through flexible or voluntary employee benefits schemes. Affinity groups, retailers, banks, building societies, and service providers. Cancer Cover Female A lump sum cash benefit and counselling following a diagnosis of cancer. UK businesses, regardless of size. Can be purchased through flexible or voluntary employee benefits schemes. Cancer Cover Male A lump sum cash benefit and counselling following diagnosis of one of four male specific cancers. UK businesses, regardless of size. Can be purchased through flexible or voluntary employee benefits schemes. Heart Attack and Stroke A lump sum cash benefit and counselling following a heart attack or stroke. Affinity groups, retailers, banks, building societies, and service providers. CONTINUED 5

6 Consumer Lines ACCIDENT & HEALTH VOLUNTARY EMPLOYEE BENEFITS Hospital Cash UK Day and Break COVER Pays a cash benefit for each 24 hour period spent in hospital and a further cash benefit for the attendance of outpatient appointments. The benefits are designed to cover additional costs incurred as a result of a hospital stay, for example parking charges and television fees. Travel insurance type cover which has been specifically tailored to meet the needs of people attending events or going on day trips or short breaks within the UK. Includes cover for cancellation/ curtailment, personal belongings, travel delay and breakdown. MARKET UK businesses, regardless of size. Can be purchased through flexible or voluntary employee benefits schemes. Affinity groups, retailers, banks, building societies, and service providers. UK businesses, regardless of size. Can be purchased through flexible or voluntary employee benefits schemes. Affinity groups, retailers, banks, building societies, and service providers. PERSONAL LINES COVER MARKET PLUS products The PLUS suite of products can be sold as stand alone options, as No Additions Cost (NAC) products, or offered as part of flexible or voluntary employee benefit schemes. We are able to create and underwrite a bespoke range of products to suit individual needs, including but not limited to: Car Hire Excess Insurance Handbag Insurance Spectacles/ Hearing Aid Insurance Gadget Insurance Price/ Purchase Protection Insurance Bicycle Insurance UK businesses, regardless of size. Can be purchased through flexible or voluntary employee benefits schemes. Affinity groups, retailers, banks, building societies, and service providers. 6

7 Crisis Management Contaminated Products Insurance Provides cover for recall costs, loss of gross profits and rehabilitation costs following accidental or malicious contamination (actual or threatened). It also provides crisis management planning and loss prevention services through leading international crisis management specialists. UK, international or multinational food and drink, tobacco, cosmetics and pharmaceutical companies. Crisis Containment Insurance Reimbursement of fees and costs of expert public relations consultants responding to one of seventeen specified types of crisis. Mid to large sized companies. Product Recall Insurance: Defective Products 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. Product Recall Insurance is intended for manufacturers, distributors, wholesalers or retailers of a wide variety of finished products and component parts. 7

8 Energy Onshore Erection/Construction All Risks All risks cover for Construction/Erection projects. Erection All Risks: Heavy Industry / Power Generation / Petrochemicals/ Metals. Construction All Risks: Building (Residential & Commercial Infrastructure Roads, Railways, Pipelines, Water Treatment, Distribution & Civils. ecopractice Expert advice to assist clients meets the challenges of alternative and renewable energy risks. Alternative and renewable energy sectors Fixed Offshore Property (Energy) Individual insurance programmes for companies operating in the specialist area of Offshore Exploration & Production providing protection against loss arising from accidental damage to property cover and related first party liabilities. Exploration and production companies. Mobile Drilling Units & Offshore Vessels Individual insurance programmes for contractors operating Offshore Drilling and Service Units; providing tailored cover for each company s unique requirements. We provide insurance in respect of loss arising from accidental damage to Hull & Machinery, associated first party exposures and related third party liabilities. Offshore Drilling and Well Service companies. Operators Extra Expense (Energy) Cover for the costs of bringing a well under control following a blowout. Includes expenses resulting from seepage and pollution containment, as well as associated clean-up costs, and the expenditure involved in re-drilling the well to its original depth. Owners, operators and non-operators of oil & gas wells, offshore and onshore. Property All risk covers including business interruption, construction all risks plus related liabilities. Oil refineries, petrochemical plants, chemical manufacturers and electrical utility companies, mining and process industries. 8

9 Environmental EnviroPro UK Comprehensive environmental insurance that provides cover for clean up costs, biodiversity damage including complementary and compensatory remediation, third party liabilities, transportation and business interruption coverage. Defence and mitigation costs are included within the limits. Includes access to Pollution Incident and Environmental Response (PIER). A wide range of businesses including manufacturers, engineering companies, printers, metal fabricators, warehouses, textiles, hauliers, retailers and food processors as well as educational establishments, medical centres and hotels. Contractors Pollution Liability Insurance to cover environmental liabilities arising from a contractor s operations caused by either the introduction of new pollution conditions or the exacerbation of existing pollution conditions. Clean-up costs, biodiversity damage, third party property damage and bodily injury liabilities arising from pollution caused by contractors, including legal defence costs. Includes access to PIER. Construction projects, contractors performing hazardous operations or operating on contaminated sites. Policies can also be taken out by project/property owners on behalf of contractors or PFI projects with required insurances. Available for projects or on an annual basis. Pollution Legal Liability Enables companies to protect against clean-up costs, biodiversity damage, bodily injury and third-party property damage on and off the site by designing a programme tailored to their needs. Cover is available for both new and preexisting pollution conditions, changes in legislation with further options for business interruption and transportation cover. Defence costs provide cover for Directors and Officers of the Insured also. Includes access to PIER. Property owners and occupiers (single-site or portfolio), operators of manufacturing and industrial sites, property developers, companies undertaking mergers or acquisitions of land or companies, funders, lenders, equity providers and other financial institutions. Contractors Operation and Professional Services A specialist product for environmental professionals. Includes cover for Errors & Omissions in environmental technical reporting and Contractors Pollution Liability cover for activities carried out on third party sites. A wide range of environmental consultants whose work both involve technical reporting and completing site works on third party sites. 9

10 Financial Lines CRIME CrimeManager Complete Comprehensive crime cover for mid to large sized UK companies CrimeManager Complete includes cover for employee fraud, dishonesty and fraudulent acts committed by third parties. For UK companies of any size. COMMERCIAL INSTITUTION APEX Directors and Officers Liability D&O Liability Insurance for AIM Quoted Companies Greater protection for director s personal liabilities. Provides a combination of excess protection, drop down difference in conditions (DIC) protection and cover if any of the underlying insurers can t or won t meet their policy obligations. Protection for claims brought against directors, officers and senior employees for actual or alleged breach of duty, neglect, misstatements, errors or omissions. Includes separate limits for non-executive directors, crisis support package, and free legal advice. Protection for claims brought against directors, officers and senior employees of businesses listed or planning to list on the Alternative Investment Market (AIM). APEX is designed to supplement and reinforce primary layered D&O insurance programmes. Covers all natural person directors and officers, outside entity directors, shadow directors, approved persons, employees with managerial and supervisory duties, and their domestic partners. Mid to large sized companies. Includes past, present and future directors, officers, employees acting in management or supervisory capacity, shadow directors, outside entity directors, spouses, administrators and executors of insured s estates. All companies currently listed on the Alternative Investment Market (AIM) or companies that have enlisted a Nominated Advisor (NOMAD) in order to list on the AIM. Pension Trustee Liability Provides protection for the trustees, the employees, the employer company and the fund itself against claims brought for actual or alleged wrongful acts in relation to a plan. In addition to providing cover for settlement of an action. Mid- to large-sized companies with pension plans. Employment Practice Liability Insurance Specific, purpose-build worldwide employment practices cover for the entity, individuals, and outside entity directors. Mid- to large-sized companies. Public Offering of Securities Insurance D&O Lifetime RunOff Covers companies against securities claims arising from offerings of a company s securities. The policy can cover equity or debt issues, both initial and secondary. Cover is for the company and its directors, officers, employees and selling shareholders. Tailored, standalone policy, designed to ring fence the past liabilities of an acquired company. It has been structured to accommodate all types of run-off scenarios with unlimited policy duration. Companies going public raising capital outside of the US. UK and International businesses that are undergoing a change of control. CONTINUED 10

11 Financial Lines COMMERCIAL INSTITUTION PrivateEdge: Private Companies PrivateEdge: Partnerships PrivateEdge: Not For Profits Corporate Kidnap and Ransom Family Kidnap and Ransom Insurance Private Edge from AIG is designed to provide flexible and comprehensive entity and individual protection, and the services to cope with the downsides that occur in business, particularly in the increasingly litigious modern-day environment. A partnership structure can create commercial advantage for an entity, but equally may increase the exposure partners may have to risking their personal assets. AIG has developed an insurance solution that focuses on the needs of professionals in their managerial capacity. Provides comprehensive protection for not-for-profit entities and individual directors and officers and employees from actual or alleged breaches of duty, neglect, and misstatement. Cover for losses from kidnap or bodily injury or property damage extortion, including the costs of ransom, cost of investigation, lost salary, negotiation, medical expenses and aftercare. Cover for wealthy or high profile families, cover for ransom payments following kidnap, bodily injury or extortion plus cost of investigation, negotiation, medical expenses and aftercare. All privately-owned commercial companies with turnover of 250m or less. All partnerships with turnover of 250m or less (other than financial institutions) including: Limited Liability Partnerships Limited Partnerships General Partnerships All not for profit entities including charitable associations. Any company with employees either travelling to, or based in, overseas countries, or high profile organisations. Wealthy individuals and families with high profiles. Piracy Provides cover for kidnap or seizure of a ship s crew or vessel. Cover is provided for ransom, ransom transportation, crew salaries, bunkering, loss of hire and other related expenses. Financial Institutions Ship owners, charterers, logistic companies and natural resource exporters. Hedge Fund One Civil Liability (Financial Institutions) Comprehensive Crime Insurance (Financial Institutions) Covers directors of a hedge fund against claims for breaches of duty in that capacity. Professional services insurance on a civil liability basis for the financial institution, all its employees and others for whom it is vicariously liable. For financial institutions; Covers fraud, dishonesty, theft, forgery and third party computer and funds transfer fraud. Also includes cover for identity fraud and payment of loss investigation fees. Hedge Funds and their directors. All financial institutions including Banks, Hedge Funds, Insurance Companies, Building Societies, Fund managers, Investment managers, Stockbrokers, Venture Capital firms and Finance Companies. All financial institutions including banks, building societies, investment management companies, insurance companies and stock brokers. CONTINUED 11

12 Financial Lines Financial Institutions Directors and Officers Insurance for Financial Institutions Employment Practice Liability Insurance (Financial Institutions) Investment Management Insurance Pension Trustee Liability (Financial Institutions) Public Offering of Securities Insurance (Financial Institutions) Protection for claims brought against directors, officers and managers for any act in a directorial or managerial capacity which leads to a claim. Specific SEC endorsement for US exposures. Entity cover for employment practice liability and securities claims is also available. Specific, purpose-built protection for managers and the company from the financial consequences of employment practice violations covering damages/awards and legal costs of official investigation. Financial protection against civil liability for investment advisory services, directors and officers liability insurance in respect of both the investment fund and investment manager; as well as crime cover against the dishonesty of employees and third parties. Protection for the trustees, the employees, the employer company and the fund itself against claims brought against them for actual or alleged wrongful acts which have placed the plan s assets at risk. Covers companies against securities claims arising from offerings of a company s securities. The policy can cover equity or debt issues, both initial and secondary. Cover is for the company and its directors, officers, employees and selling shareholders. All financial institutions including Banks, Hedge Funds, Insurance Companies, Building Societies, Fund managers, Investment managers, Stockbrokers, Venture Capital firms and Finance Companies. Protection for past present and future directors, officers, employees acting in management or supervisory capacity, shadow directors, outside entity directors, spouses, administrators and executors of insured s estates. All financial institutions including Banks, Building Societies, Investment Management Companies, Insurance Companies and Stockbrokers. Investment Management Companies, Investment Funds, Hedge Funds and Investment Trusts. Includes automatic cover for approved persons, outside entity directors, domestic partners, administrators, and executors. Automatic new fund and subsidiary cover provided the fund or subsidiary in question meets pre-determined criteria. All financial institutions including Banks, Hedge Funds, Insurance Companies, Building Societies, Fund managers, Investment managers, Stockbrokers, Venture Capital firms and Finance Companies. All financial institutions involved in raising capital via issue of a prospectus. PEVC Protector A blended policy offering financial protection against professional service claims, directors and officers liability claims, employment practices liability claims and outside directorship liability claims in the operation of a venture capital or private equity entity. Professional Liability Private Equity and, Venture Capital Managers, and related investment funds and partnerships. Protects past, present and future directors and officers including private company board seats, board observer seats, shadow directorship positions, and approved persons, advisory board members as limited partners and as board participants, general counsel and risk managers. Accountants Professional Liability For accountants; Primary and excess cover for civil liability. Accountants. We will consider the majority of risks from the sole practitioner to larger practices. Architects Professional Liability Primary and excess cover for civil liability, including fidelity cover and extensions for the loss of documents and Ombudsman awards. We will consider the majority of risks from the sole practitioner to larger practices. Bailiffs and Private Investigators Primary and excess cover for errors and omissions, libel and slander, loss of documents, property conversion, dishonesty of employees, breach of warranty of authority and compensation for court attendance. Accountants. We will consider the majority of risks from the sole practitioner to larger practices. CONTINUED 12

13 Financial Lines Professional Liability Professional Liability Construction Professional Liability CyberEdge Employment Agents Professional Liability Engineering Professional Liability Insurance Brokers Professional Liability Media Professional Liability Solicitors Professional Liability Specified Professions Professional Liability Technology Professional Liability For construction firms; Primary and excess cover for errors and omissions, libel and slander, loss of documents, intellectual property rights and mitigation of loss, duty to warn, pollution and asbestos. Primary cover for Cyber and Privacy Liability, including loss of personal and corporate information, outsourcing and network security. Product includes embedded services, including cyber incident response specialists and breach coach. Primary and excess cover for errors and omissions, libel and slander, loss of documents, dishonesty of employees and compensation for court appearances. Can be extended to cover vicarious liability of temporary placements. Engineers Professional Liability cover. Primary cover for errors and omissions, libel and slander, loss of documents, intellectual property rights and mitigation of loss. For insurance brokers; Primary and excess cover for civil liability, dishonesty of employees including directors and partners, loss of documents, damages awarded by Ombudsman awards, compensation for court attendance, and FSA Investigation costs. For management consultants; Primary and excess cover provided for breach of duty of care, dishonesty of employees, unintentional infringement of intellectual property rights, defamation and loss of documents. Primary and excess cover for professional liability, errors and omissions, including libel and slander, intellectual property rights and mitigation of loss. For solicitors; Cover for civil liability, damages awarded by the Legal Services Ombudsman, and defence costs, with policy extensions to include group personal accident and crisis consultancy. Professional liability, errors and omissions. Coverage may be tailored for each individual insured. Primary and excess layer protection against claims in respect of negligent acts, errors and omissions, breach of duty, dishonest or malicious acts by employees, infringement of intellectual property rights, breach of confidentiality, loss of documents. Primary and excess layer protection against claims in respect of negligent acts, errors and omissions, breach of duty, dishonest or malicious acts by employees, infringement of intellectual property rights, breach of confidentiality, loss of documents. We will consider the majority of risks from the sole practitioner to larger practices. All bailiffs, debt collection agencies or private investigators. Construction firms with design or supervision contractual responsibility exposure. We have a broad appetite across a spectrum of risk, in the commercial space, irrespective of size of organisation. Employment agents. Engineers domiciled in UK. Insurance brokers. Any management consultants. A range of marketing and media businesses including broadcasters, advertising agents, public relations consultants, direct marketing, marketing consultants and promotional materials. Solicitors. Any miscellaneous profession not fitting into any of the other categories (i.e. conference organisers, auctioneers, loss adjusters, translators, etc). 13

14 Global Risk Solutions GLOBAL FRONTING PROGRAMS COVER MARKET Captives Protected Cell Companies (PCC) Conservation Funds, Loss Reimbursement Structures, or Pre-funded Structures Provide coverage for virtually any type of risk. Range from mono-line coverage in a single country to complex multi-line global structures. Offer local underlyers, claims services, tailored reporting and risk engineering including substantial risk transfer capacity. Provide coverage for virtually any type of risk. Range from mono-line coverage in a single country to complex multi-line global structures. Offer local underlyers, claims services, tailored reporting and risk engineering including substantial risk transfer capacity. Provide coverage for virtually any type of risk. Range from mono-line coverage in a single country to complex multi-line global structures. Offer local underlyers, claims services, tailored reporting and risk engineering including substantial risk transfer capacity. Large domestic and multinational companies in virtually any type of industry that seek to create a compliant insurance program that allows an insured to assume a substantial element of its risk and to access the policy administration, claims handling and reporting services traditionally performed by insurance companies. Mid-sized domestic and multinational companies in virtually any type of industry that seek to create a compliant insurance program that allows an insured to assume a substantial element of its risk and to access the policy administration, claims handling and reporting services traditionally performed by insurance companies. Domestic and multinational companies in virtually any type of industry that seek to create a compliant insurance program that allows an insured to retain losses without the need for a captive. ALTERNATIVE SOLUTIONS COVER MARKET Blended Structures Combining Client Funding and Risk Transfer Customized Primary or Excess Risk Transfer Programs Buyout of Traditional Insurance Risks or Unusual Exposures Provide coverage for virtually any type risk. A single policy that combines client funding of expected losses and the utilization of risk transfer above the funded layer. Primary or excess risk transfer insurance available for virtually any type of risk where there are no traditional market solutions available. Provide coverage for virtually any type risk. Enable clients to transfer risks held as provisions on a balance sheet or within a captive to a third party insurer, OTHER PROGRAMS COVER MARKET Captive Management Solutions Breakthrough Innovation Captive advisory and management services including a complete range of services regarding the feasibility, structuring, formation, management, and operational review of captives, with a unique understanding of each domicile s regulatory requirements and local business practices. Develops and launches new products and services not currently available in the insurance market. Large domestic and multinational companies in virtually any type of industry that wish to mitigate a challenging risk that is either not addressed, or addressed inadequately by the traditional insurance and financial markets. Large domestic and multinational companies in virtually any type of industry that wish to mitigate a challenging risk that is either not addressed, or addressed inadequately by the traditional insurance and financial markets. Large domestic and multinational companies in virtually any type of industry that wish to mitigate a challenging risk that is either not addressed, or addressed inadequately by the traditional insurance and financial markets. A mid to large sized domestic or multinational company in virtually any industry wishing to form a new captive or optimize its existing captive program. Mid to large sized domestic or multinational companies in virtually any industry facing a risk not addressed by the traditional insurance and financial markets. Entrepreneurs with an idea for a new line of insurance or whose business has a unique risk exposure that needs protection. 14

15 Liabilities Accel Elite Employer s liability programme with fully-integrated medical and vocational rehabilitation following work-related incidents causing injury or illness to employees. A Serious Accident Response Service, simplified process for notifying incidents and access to specialist loss control engineers can assist with accident management and Health & Safety compliance with enforcing bodies. UK-domiciled business. Excess Elite Excess liability protects clients from major incidents that could exhaust their primary insurance protection. We cover Employers, public/products and Motor Third Party Liability. In addition we include crisis management cover for up to 100,000 and Medical and Vocational rehabilitation. UK based companies including those with overseas sales or operations. For companies with North American turnover the indemnity will be inclusive of costs and subject to full pollution exclusion. In many cases Excess Elite can also be tailored to cover overseas subsidiaries; however it is not available for companies with no UK connection. Comprehensive Liability Comprehensive Liability allows brokers to combine employers liability and public/ products liability with additional covers and services: helping clients to contain costs, broadening protection and assisting businesses to control the operational risks within their organisations. UK domiciled companies. 15

16 Marine Project Cargo All risks cover for property whilst in transit with optional covers for advanced loss of profit and/or consequential loss. Our team of in-house marine loss control engineers will work closely with underwriters to design and coordinate a comprehensive survey plan to fit the needs of each project. UK-based and international companies involved in large infrastructure construction projects anywhere in the world. Marine Cargo Comprehensive coverage for goods in transit from warehouse to warehouse anywhere in the world. UK-based and international companies, whether manufacturers, importers or exporters. Freight Services Liability Specialist limited liability coverage for incidents occurring within standard terms and conditions, when cargo is being conveyed from A to B. UK-based and international companies, whether carriers or freight forwarders. Marine Liability Specialist primary and excess liability covers for third party property damage and bodily injury, for marine related operations. Worldwide marine transportation companies, stevedores, terminal operators, port authorities, ship repair yards, charterers and marine associated industries. Port/Terminal Property and Liability Package cover including third party liabilities, physical damage to owned property and business interruption for port and terminal operators. Worldwide port and terminal operators/ owners and cargo handling facilities. 16

17 Mergers & Acquisitions Warranty & Indemnity Insurance Offers insurance cover to a buyer or a seller of a company for liabilities arising from breaches by the seller of warranties and indemnities (including cover for tax deeds) contained in the acquisition agreement. Any company considering a merger or acquisition. Tax Liability Insurance Tax Liability Insurance from AIG can reduce or eliminate a loss arising from the successful challenge by the tax authorities of a taxpayer s tax treatment of a transaction or investment. Any company considering a merger, acquisition or restructuring. Litigation Buyout Insurance Caps, or removes contingent liabilities and legacy management issues from a company s balance sheet, and transfers any recourse for the liability to insurance capital. Companies considering a merger or acquisition. Environmental Solutions Offers coverage for environmental warranties in acquisition agreements. Can be coordinated with a range of environmental impairment liability solutions available on a site-specific or portfolio basis from AIG s Environmental division, including clean-up cost cap, contractors pollution liability and pollution legal liability. Any company considering a merger or acquisition. Portfolio Programmes Provides a portfolio of insurance protection for investor companies by suitably protecting the risks of their investee companies, including D&O liability insurance. Private equity companies. 17

18 Motor Fleet FleetProtector Fully comprehensive, third party fire and theft or third party only cover, tailored to insured s needs. Includes motor fleet management reports and a range of risk management services. UK-based companies. 18

19 Political Risk Contract Repudiation Losses caused by political acts that may interfere with the fulfilment of a contract including but not limited to non payment by a Government or a Sovereign Obligor and currency inconvertibility. Exporters, importers, trade finance organisations. Investment and Project Risks Insurance Losses from a range of political acts including confiscation of assets, political violence, currency inconvertibility, forced abandonment, refusal by public guarantor to honour its obligations, war-on-land and others. Companies with overseas investments, manufacturers, banks, overseas project financiers. Non-repossession of Leased Assets Loss of equipment leased in a foreign country through political acts. Companies leasing equipment abroad or banks financing leased assets. Political Risk Insurance for Mobile Assets Loss of stock or equipment in a foreign country through political acts. Construction companies, companies with stock or equipment overseas. Wrongful Calling of Guarantee Insurance Losses on On-Demand-Bonds or Guarantees due to political acts. Construction companies, contractors, business exporters, trade finance organisations. 19

20 Private Client Group Home and Travel Cover designed specifically for high value homes and contents with worldwide, warranty free, all risks covers and family annual travel cover as standard. Our complimentary Risk Management appraisals provide clients with a detailed report to verify their sum insured, and gives holistic Risk Management advice. Post appraisal, we guarantee to rebuild property in the event of a loss removing any risk of underinsurance. (Grade 1 listed buildings excepted). Our policy provides cover for general contents up to 50% of the buildings sum insured as standard. High net worth individuals. Motor Comprehensive cover for single vehicles or fleets of high value and high performance cars, as well as vintage and classic vehicles. We cover not only for the insured vehicle, but also cover the policyholder and spouse driving vehicles they don t own also comprehensive. Cover is for agreed value settlements if a vehicle is written off, therefore removing any negotiation at the claims stage. In the event of a claim, we provide a temporary car of similar specification whilst an insured car is being repaired. We also provide comprehensive cover for rented vehicles for up to 90 consecutive days anywhere within the territorial limits. High net worth individuals. Aviation Aviation cover is available for clients whose home and/ or motor vehicles are insured with us. For fixed wing aircraft, there is a minimum hull value of US$1m and a maximum hull value of US$80m. For helicopters the minimum hull value is US$500k and the maximum is US$3m. High net worth individuals. Yacht We cover watercraft valued from 250,000 (policies can also be written in US$ or Euros). Cover is all risks and provides wide cover. Yachts of a lower value insured when we also insure a client s home and/or motor vehicles. Policies include public liability and employer s liability cover. We can provide medical and personal accident cover for crew. High net worth individuals. Collections We provide Worldwide, all risks coverage for collections of fine art, antique furniture jewellery, and any other collectible. We provide agreed value cover for specified items, so in the event of a claim, the client receives the agreed value. We can also cover smaller items on an unspecified basis. We cover newly acquired items for up to 25% of the total sum insured for a period of 90 days after purchase. Cover is provided for loss in value if an item is damaged and repaired. We cover defective title up to 25,000 and Death of artist cover is also included. High net worth individuals. 20

21 Property Large Limits We have expansive product offerings, providing Material Damage, Business Interruption, Money, Goods in Transit, Deterioration of Stock, All Risk Computer, Machinery Breakdown, Engineering and Standalone Terrorism coverage. Supports both multinational and local clients with Large Limits/ Highly Protected Risks coverage needs. Middle Market Material damage and business interruption on an all risks basis with market leading extensions to cover to match the occupancy of the insured. Businesses with total insurable values of $50M or greater generating annual premiums up to $500,000 for the property program. 21

22 Surety Contract Bonds Performance, Advance Payment, Retention, Maintenance, Labour & Material Payment, Supply and Bid bonds. Commercial Bonds Customs/ Duty Deferment and License and Permit bonds. Protection, both public and private, against contractors and service provider s inability to fulfil contractual obligations, usually as the result of financial failure or technical problems. Investment grade, multinational companies with a regular bonding requirement of more than 15m and annual turnover of more than 350m. Market sectors: Construction, Infrastructure, engineering, Support Services, Transport, FMCG and Renewable Energy Risks. 22

23 Trade Credit Corporate Trade Cover for non-payment due to insolvency or default of all buyers on domestic and OECD sales. Companies with turnover in excess of 25m selling on short credit terms. Global Trade Comprehensive Excess of Loss cover for non-payment due to the insolvency or default of a buyer, or inability to transfer currency due to a political act. Companies with a turnover in excess of 50m selling on credit terms of up to 180 days. Principal Customer Top customer cover for non-payment due to insolvency or default of all buyers above an agreed level on domestic and OECD sales. Companies with turnover in excess of 15m selling on short credit terms. Captive Programmes Operational and structural support for self insured credit risk through excess of loss coverage. Companies with turnover in excess of 10m. Single Buyer Non-payment cover for an individual key buyer. Exposures in excess of 2m. Financial Institutions Credit Insurance Cover for losses arising from non-payment of Letters of Credit or other eligible transactions by named obligors. Banks. Trade Finance Basel III compliant Credit insurance supporting structured and supply chain finance transactions based on trade receivables. Companies with a turnover in excess of 25m. Pre-Export Commodity Finance Supplier Default Insurance Cover for the failure of a supplier to supply or export goods, commodities or services paid for in advance by the Insured. Banks, trading or manufacturing companies. Global Limits Manager A leading web-based credit management tool designed to set, manage and monitor customer credit limits and ease policy administration using live sales ledger data., supplemented where necessary with status agency data. Global Limits Manager provides a powerful insight to trade receivables risk portfolio and is used by wide range of multinationals and corporates. Any company with trade receivables. 23

24 BELFAST Forsyth House Cromac Square Belfast BT2 8LA Tel: Fax: BRISTOL Ten Victoria Street Bristol BS1 6BN Tel: Fax: CROYDON 2-8 Altyre Road Croydon Surrey CR9 2LG Tel: Fax: LEEDS 5th Floor Gallery House The Headrow Leeds LS1 5RD Tel: Fax: MANCHESTER 4th Floor, 201 Deansgate Manchester M3 3NW Tel: Fax: READING Soane Point 6-8 Market Place Reading RG1 2EF Tel: BIRMINGHAM Embassy House 60 Church Street Birmingham B3 2DJ Tel: Fax: CHELMSFORD Victoria House 4th Floor, Victoria Road Chelmsford, Essex CM1 1JR Tel: Fax: GLASGOW Centenary House 69 Wellington Street Glasgow G2 6HJ Tel: Fax: LONDON 58 Fenchurch Street London EC3M 4AB Tel: Fax: NEWCASTLE Suite 442, 4th Floor, Collingwood Buildings 38 Collingwood Street Newcastle NE1 1JF Tel: Fax: American International Group, Inc. (AIG) is a leading international insurance organisation serving customers in more than 130 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. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. In Europe, the principal insurance provider is AIG Europe Limited. This material is for information purposes. Not all products and services are available in every jurisdiction, and insurance coverage is governed by the actual terms and conditions of insurance set out in the policy or in the insurance contract. Certain products and services may be provided by independent third parties. Insurance products may be distributed through affiliated or unaffiliated entities. For additional information, please visit our website at AIG Europe Limited is registered in England: company number Registered address: The AIG Building, 58 Fenchurch Street, London EC3M 4AB. AIG is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN number ). This information can be checked by visiting the FS Register ( UC CO 1013