American International Group, Inc. (“AIG”) has 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 company said that the product was designed for middle market businesses with up to $700 million in annual revenue.
AIG said that 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, the president of 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.
Learn more: www.aig.com/us/gcss.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].