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Why Choose AIG for Financial Lines Insurance?

Management liability solutions help protect public, private, and non-profit companies from a wide range of board-level exposures. 

AIG Financial Lines Solutions

Our cyber product covers the obvious and less obvious risks facing businesses that deal with electronic information.

Protection for claims brought against directors and officers for actual or alleged breach of duty, neglect, misstatements, errors or omissions.

Insurance for a broad range of professional activities.

A combination of Directors & Officers and Professional Indemnity insurance that protects management companies and its directors.

Crisis Solution Insurance provides your employees with the confidence to represent you, anywhere.

Mergers and acquisitions insurance is a highly specialised field of cover that smooths and facilitates the M&A process.

Worldwide employment practices cover for the entity, individuals, and directors.

Provides managerial liability and entity protection for the company, including the general partners, each fund and those sitting on the board of an outside entity.

Designed to meet defence costs, awards, damages, and investigation costs of anyone like trustees or administrators involved in running the pension scheme who are accused of mistakes or oversights in their duties.

Protecting mutual funds and their directors 

AIG’s Fund Protector policy provides managerial liability and entity protection. It provides broad cover for risks including allegations of mismanagement, errors and omissions in investment, breach of fiduciary duty and statutory liabilities.

The policy covers claims everywhere in the world except where international sanctions regimes apply. Insured persons and entities can enjoy an extended reporting period at no additional costs.  

Product Details

Cover

  • Directors & Officers Insurance, including board positions in external entities
  • Professional Indemnity Insurance, covering the liability of the Fund as a legal entity

Standard Extensions:

  • Extended to investigations and enquiries against directors & officers
  • Cover also available to any special purpose vehicle and their directors set up for the exclusive use of the Fund
  • Extended to liability for errors committed by subcontractors
  • Free choice of counsel to defend against the claims in D&O
  • Additional and separate insured amounts for the Independent Directors of the Fund
  • Public relations expenses to mitigate damage to reputation caused by a claim
  • Partners, Heirs, Estates & Representatives considered as insured under the policy
  • Express extradition cover for directors and officers plus related expenses

Who is it for?

Mutual funds and their directors, including their general partners.

Main Exclusions & Important Information  

This site only contains an overview of the most important coverages and exclusions. Only the general and specific conditions (“Insurance Policy”) provide an accurate, binding, description of the covers and exclusions. It is necessary to fully analyse the Insurance Policy, as well as all other relevant documents with contractual and pre-contractual information before any decision to buy, underwrite, adhere to, accept, sign or conclude an insurance agreement.

Important information

Here you will find information about how to request a quote with detail of premium calculation, the general and specific conditions, and/or other relevant documents with contractual or pre-contractual information, the duration of the insurance policy, the applicable law and jurisdiction, how to file a complaint or reach the ombudsman, etc.

Minimising the many business impacts of fraud.