Financial Institutions Insurance

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

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

The insured maintained comprehensive coverage mid-policy term.

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

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

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

After an AIG insured’s client opted to settle its obligation surrounding a complex regulatory lawsuit, our insured continued to face ongoing legal liability and a regulatory investigation.

In collaborating with the client and using AIG’s deep financial institutions claims expertise, our claims team partnered closely with outside defense counsel to achieve a successful result in the litigation.

By prevailing at trial, the client avoided regulatory fines and penalties, upheld existing policy language, and protected its reputation.