AIG Expands D&O Side A Capacity to $100 Million

  AIG Expands D&O Side A Capacity to $100 Million

Business Wire

NEW YORK -- August 15, 2013

American International Group, Inc. (AIG) today announced that it is now
offering globally up to $100 million in limits for Side A Directors and
Officers (D&O) liability insurance.

This new capacity from AIG, combined with the insurer’s financial strength and
claims handling experience, can facilitate the efficient resolution of severe
and complex litigation. Companies can now meet their Side A needs by
significantly reducing the number of insurance carriers and policy layers
necessary for adequate coverage, creating a more efficient D&O insurance

“Too often, settlements are delayed or even increased when customers wait for
several insurance carriers to agree on the resolution of a D&O claim,” said
Michael Smith, President of AIG Global Financial Lines. “AIG is pleased to
provide our clients expanded capacity to build one tower to avoid multiple
coverage positions from different carriers. This is a clear benefit when
resolving a significant claim.”

Side A insurance responds when indemnification is not available for individual
directors and officers to pay the costs of defending and resolving legal
actions against them. This can happen when a company becomes insolvent,
wrongfully refuses to indemnify, or is otherwise prohibited from indemnifying
directors and officers. Side A coverage can also fill in coverage gaps that
may occur in a large D&O program.

A traditionally important aspect of D&O coverage, Side A is seen as critical
protection in a challenging economic and regulatory environment, with high
rates of bankruptcy filings and corporations withholding indemnification when
they suspect an individual has acted in a way that would void such protection.

The expanded $100 million capacity is available in addition to primary Side A
limits found in AIG’s comprehensive D&O policies that also cover corporate
entities (Side A/B/C policies).

American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries. 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: |Twitter: @AIG_LatestNews| 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.


Matt Gallagher (Media)
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