NEW YORK--(BUSINESS WIRE)--Feb. 19, 2014--
American International Group, Inc. (AIG) today announced the launch of
its Global Casualty Single Solution (GCSS), a new product to cover
cross-border casualty risks for U.S.-based multinational companies. The
product is designed for middle market businesses with up to $700 million
in annual revenue.
With GCSS, for the first time, brokers can access on behalf of customers
AIG’s U.S. domestic, foreign, and excess casualty products and services
through one underwriting contact, using one online submission, and a
single global claims coordinator. GCSS provides companies with more
consistency across policy forms to help mitigate the risk of casualty
insurance gaps, whether based on geography, severity, or coverage type.
“Brokers serving small and medium-sized businesses want to access their
multinational insurance partner in a simple way,” said Russell Johnston,
President, U.S. Casualty. “We’ve updated our new multinational casualty
process with brokers and customers in mind to create this new product.”
Preferred industries include manufacturing, wholesale, and financial
institutions, as well as business, legal and engineering service firms.
For more information, please visit www.aig.com/us/gcss.
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 www.aig.com
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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 www.aig.com.
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.
Source: American International Group, Inc.
American International Group, Inc.
Matt Gallagher (Media):
212-458-3247
matthew.gallagher2@aig.com