|AIG PRIVATE CLIENT GROUP INTRODUCES ADMITTED GROUP EXCESS LIABILITY INSURANCE|
NEW YORK--April 5, 2007--AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group, Inc. (AIG), today announced an admitted Group Excess Liability insurance program.
Group Excess Liability insurance is designed to help protect the personal assets of highly compensated individuals at corporations, law and investment firms, family offices and other organizations with a concentration of high-net-worth members. Its admitted status can benefit policyholders with cost savings and facilitate policy administration for agents and brokers.
AIG Private Client Group's Group Excess Liability coverage includes:
"Insufficient liability insurance can put personal assets at risk," said Charles Williamson, President, AIG Private Client Group. "Our Group Excess Liability program enables us to reach many more high-net-worth individuals who may be underserved by their current insurance carrier. By packaging the coverage as an executive benefit, we also help employers and association leaders to look after the leaders of their organizations."
AIG Private Client Group's admitted Group Excess Liability insurance is currently available to qualifying organizations in Arizona, Colorado, Pennsylvania, Michigan and New Jersey. A non-admitted Group Excess program is available in all other U.S. states.
AIG Private Client Group provides comprehensive insurance products and services to help meet the unique risk management needs of high net worth individuals and their families. Its innovative products are underwritten by the member companies of American International Group, Inc., and are designed to enhance protection of, and minimize threats to, personal wealth and safety. AIG Private Client Group's portfolio of insurance products includes excess liability, homeowners, automobile, private collections, excess flood, yacht, aviation, and kidnap and ransom. In addition to its products, AIG Private Client Group offers an extensive range of risk management services that includes loss-prevention expertise for owners of fine homes, management of art collections and personal security consultation.
American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
AIG Private Client Group is a division of the personal lines property and casualty insurance subsidiaries of American International Group, Inc. (AIG). Please refer to the actual policies for complete details of coverage and exclusions. Coverage is subject to underwriting review and approval, and it may not be available in all states.