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ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation Inc., a member company of American International Group Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½), announced the launch of Excess Aviation War Liability coverage.

The new product, an extension of ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation’s insurance portfolio, is designed to help corporate flight departments and owners of private aircraft meet the new minimum liability requirements mandated by insurance regulators in the European Union.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation’s Excess Aviation War Liability coverage is structured to apply in excess of a $50 million primary aviation liability policy and complement a corporate umbrella placement to eliminate potential gaps in an insured’s available war liability coverage.

The new program, which features limits up to $300 million and will respond to covered losses on an occurrence basis, can be used to support either an ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation primary liability policy or existing primary coverages purchased through carriers outside of the member companies of ÌìÃÀÍøÕ¾´«Ã½´«Ã½. Covered risks include war and terrorism acts such as aircraft confiscation, sabotage, hijacking, unlawful seizure and civil commotion.

Available internationally, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation’s Excess Aviation War Liability coverage can be purchased through any independent broker appointed with ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation.

To send a submission, locate an appointed broker or obtain more information on ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation and the new program, contact Kyle Sparks, senior vice president, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Aviation Inc., at kyle.sparks@aig.com.