ÌìÃÀÍøÕ¾´«Ã½´«Ã½

Nuts & Bolts: ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½), introduced ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime is designed to sit in excess of $50 million lead commercial umbrella insurance. To qualify for ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime, an ÌìÃÀÍøÕ¾´«Ã½´«Ã½ member company must currently underwrite the existing lead commercial umbrella layer. The program offers occurrence and claims made forms to provide substantial flexibility to risk managers who need a variety of coverage options. The ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime initiative features a streamlined quoting process for current ÌìÃÀÍøÕ¾´«Ã½´«Ã½ clients. When an insured submits an application for lead umbrella coverage, the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Excess Casualty underwriting team will automatically provide a quote for ÌìÃÀÍøÕ¾´«Ã½´«Ã½ ExcessPrime, eliminating the need to submit multiple applications for various coverages. Insureds will also reportedly benefit from the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Companies’ extensive underwriting expertise on both lead and excess lines, with the standards typically seen within the lead layers now applied to excess coverage requests.

Dollars: Minimum premium of $200 million.

Carrier: ÌìÃÀÍøÕ¾´«Ã½´«Ã½, rated “A” by A.M. Best.

States Available: All states.

Contact: Melena Ortega, melena.or-tega@aig.com.

Topics Excess Surplus Commercial Lines Business Insurance ÌìÃÀÍøÕ¾´«Ã½´«Ã½