AIG Announces New Product to Cover Cross-border Casualty Risks for U.S. Multinational Companies
NEW YORK--(BUSINESS WIRE)--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.
“We’ve updated our new multinational casualty process with brokers and customers in mind to create this new product.”
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.
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.