Cat Excess
Committed to providing the best solutions available for major corporate clients.
-
Every company faces the possibility of paying punitive damage awards. The imposition of these awards, meant to penalize a business for its conduct, is unpredictable and can threaten the very viability of an organization.
To examine this issue in greater detail, read our latest whitepaper, Punitive Damages: Examining the Unpredictable which spotlights the trends associated with punitive damage exposures to organizations.
Cat Excess Liability, a division of AIG, is the leading global market for catastrophic excess casualty and excess financial lines insurance solutions. With up to $150 million in limits available and unparalleled underwriting expertise, we can meet the excess insurance needs of clients around the world with a diversified distribution platform and a focus on client and industry specific coverage needs, local service, flexibility, and responsiveness.
If a catastrophic event occurs, we are well prepared to respond. We utilize AIG's Excess Claims units, which are unparalleled in the industry for their depth and breadth of specialization and experience. We are ideally positioned because the same claim technician who handles the claim on a lead basis also handles it for all AIG layers in a liability tower – where permitted by law - to assist clients in achieving the best results possible. We understand that what earns loyalty, even more than our underwriting expertise, risk management services, capacity, and financial strength, is our response on the day you need us most.
We are committed to major corporate clients and insure:
- 40% of the Fortune Global 500
- 53% of the Fortune 500
- 42% of the FTSE 100