Products: AIG’s D&O policy aimed at international businesses
AIG has rolled out a new CorporateGuard directors’ and officers’ (D&O) policy across Europe. The provider claimed that the product was a response to important shifts in current risks to directors and officers, as well as evolving corporate governance demands.
It listed enhanced reputation coverage and mitigation cover to settle potential civil actions as key elements for the defence of directors.
According to AIG, as companies expand internationally, directors and officers become exposed to new liabilities and unfamiliar corporate governance regimes. The insurer continued that the new policy offered peace of mind by providing emergency funding to directors in case their property was confiscated or assets frozen, in addition to paying any individual
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