American International Group (AIG) has rolled out its latest CorporateGuard D&O policy on the pan-European basis, which offers protection against current risks to directors and officers, as well as fulfills growing corporate governance demands.
Commenting on the launch of risk coverage policy, AIG Europe financial lines head Peter McKenna said, "In the current regulatory environment, Directors and Officers are facing increased political, regulatory and criminal scrutiny."
Designed to cater pre-claim inquiries and individual target investigations, the CorporateGuard offers enhanced reputation coverage, as well as mitigation cover to settle potential civil actions.
The policy also provides necessary fund to directors in the case of emergencies such as seizure of their properties or freezing assets as well as pays any individual director’s liability for unpaid corporate taxes.
As part of the AIG Passport program, the policy can also be customized according to the local requirements, claims the underwriter.
Serving customers in over 130 nations and jurisdictions, AIG provides life insurance and retirement services, property-casualty, and general insurance services.