Financial Institutions Insurance
Management liability solutions for core financial sector activities
A range of specialist products designed to meet the needs of Financial Institutions
All financial institutions, including banks, hedge funds, venture capital firms, fund managers, building societies, insurance and investment management companies.
Professional Indemnity Insurance on a Civil Liability basis
Fraud, dishonesty, theft, forgery and third party computer and funds transfer fraud. Risk management advice is available and payment of loss investigation fees. Cover can be extended to include extortion and kidnap and ransom.
Protection for claims brought against directors, officers and senior employees for actual or alleged breach of duty, neglect, misstatements, errors or omissions. Entity cover for securities claims is also available.
Protection for employees and the company from the financial consequences of employment practice violations covering damages/awards and legal costs of official investigation
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.
Financial protection for Investment Management Companies, Investment Funds and Investment Trusts against civil liability, directors and officers liability claims and fraud
Single purchase liability product protecting Investment Funds from securities actions
Single purchase liability product protecting the company and its directors, officers and employees against securities claims brought in connection with an offering.
Financial protection for Private Equity Managers, Venture Capital Managers, and related investment funds and partnerships against professional service claims, directors and officers liability claims, employment practices liability claims and outside directorship liability claims
Loss caused by fraud and other criminal activities can easily throw many companies into financial difficulties and damage the reputation of the enterprise. Financial institutions are particularly at risk. With its Fidelity Insurance for Financial Institutions, AIG has developed a product which is precisely designed to counter this risk.
With its Fidelity Insurance for Financial Institutions, AIG provides compensation for financial loss sustained by the policyholder as a direct consequence of:
The cover also extends to the cost of restoring data and information a well as the cost of legal proceedings incurred in connection with an insured loss, following prior consultation with the insurer.