AIG Statement Series

Management liability insurance for today’s complex litigation environment.

Why choose AIG Statement Series?

The AIG Statement Series^SMprovides succinct and transparent coverages to protect companies and their executives and employees from a wide range of corporate governance and operational exposures.

Available products currently include:

Directors & Officers Statement
Directors & Officers Side A Statement
Directors & Officers Clawback Statement*
Bermuda Employment Practices Statement*

AIG Statement Series Coverage Highlights

For more information, please contact your local Financial Lines underwriter or distribution partner, or email us.

No wrongful act requirement for insured person inquiry, insured person investigation, compensation clawback, and extradition request claims
Enhanced insuring clauses providing coverage for claims against insureds for wrongful acts committed by themselves and other insureds
Advancement of loss in the event other applicable insurance coverage fails to pay
Simplified entity v. insured exclusion, including plain exceptions for non-indemnifiable loss, loss of insured person in connection with a derivative suit, and claims brought during the bankruptcy of an organization
Simplified related investigation costs coverage option, including enhanced lookback coverage
Enhanced crisis loss coverage, including expanded environmental, social, and governance-related categories
No ‘necessary’ condition for any covered costs: defense costs, derivative investigation costs, inquiry costs, liberty protection costs, asset protection costs, class certification event study expenses, clawback assistance costs, personal reputation expenses, and books and records demand costs coverages

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Traditional Side A coverage with endorsements to include AIG’s broadest Side A difference-in-conditions (DIC) enhancements
Advancements of loss in the event other applicable insurance coverage fails to pay
Broad choice of counsel, with no panel counsel requirement
Broad insured capacity, including executive as plan fiduciary
Broad definition of insured loss
Limited exclusions, only conduct and prior and pending (P&P) exclusions
No ‘necessary’ condition for any covered costs: defense costs, inquiry costs, liberty protection costs, asset protection costs, class certification event study expenses, clawback assistance costs, and personal reputation expenses

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_{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.}