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Consumer Notification
At AIG Canada, we are vigilant of any misrepresentation of our name and services. Please be advised that AIG does not offer insurance coverage for wire transfers or other types of electronic fund transfer methods.
Anyone who receives or has purchased an alleged AIG branded policy purporting to insure a wire transfer (or other types of electronic fund transfers), should contact local law enforcement and AIGCanadaOmbudsman@aig.com to report the matter.

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Executive Armour (Side-A Directors and Officers Insurance)

The D&O liability environment is always changing. D&O protection must be adequate for today and anticipatory for tomorrow. Executive Armour delivers exceptionally broad coverage when and where directors and officers need it most-with coverage features such executives will not find anywhere else.

Executive Armour is a follow form excess Side-A Directors & Officers Liability Insurance with Difference In Conditions (“DIC”) coverage that is distinct from other Side-A DIC policies. The policy provides individual directors and officers with the coverage they need to protect themselves and their assets.

Features & Benefits

  • A unique "drop down" feature that triggers coverage if organizations owing indemnification or underlying insurers refuse or fail to pay for any reason, including insolvency

  • As a claimsmade policy form, it does not require notice within the policy period as a condition precedent to coverage

  • A true followform, excess structure ensures that coverage builds off the often extensively negotiated primary program enhancements and key definitions – minimizing inconsistencies

  • Limited, fully severable exclusions
    • No insureds versus insured exclusion
    • No pollution or cleanup cost exclusion
    • No "pending or prior litigation" or "prior notification" exclusions 
    • Conduct exclusions trigger upon a final adjudication of a claim, and do not apply to defence costs
    • Profit or advantage exclusion does not apply to Section 11 or 12 claims
    • Bodily injury and property damages exclusion does not apply to securities claims

Coverage

  • An expanded definition of "Wrongful Act" includes any actual or alleged breach of duty, neglect, error, misstatement, misleading statement, omission or act by an insured acting as a fiduciary of an employee benefit plan sponsored by an organization
  • A broadened definition of claim encompasses both formal and informal investigations by any governmental or self regulatory authority, including the U.S. Securities and Exchange Commission ("SEC")
  • Nonrescindable, fully severable application—the conduct of one insured cannot be imputed to another when determining availability of coverage in a claim
  • Worldwide coverage and automatic incorporation of foreign AIG policy enhancements
  • Coverage for losses from claims arising from extradition from any country
  • Express coverage for settlements, judgments and defence costs in claims alleging violation of Section 11 or 12 of the Securities Act of 1933, as amended

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