CorPro Expands Management Liability Coverages in AIG Program
January 7, 2019, NEW YORK, NY – CorPro Underwriting Managers (“CorPro”) today announced the availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (Directors and Officers, Employment Practices, Fiduciary and Crime insurance coverages) offered to SME businesses on a national basis on behalf of American International Group, Inc. (AIG). Since 2014, CorPro has partnered with AIG to provide a centralized access point for private company and not-for-profit management liability coverages for a broad spectrum of U.S. businesses and industry segments with revenues up to $50 million.
New and renewal policyholders that satisfy underwriting qualifications will now be offered competitive Wage & Hour (FSLA) defense costs coverage, deletion of the Antitrust exclusion, expanded Crisis Management protection, a 50% one year pre-set discovery option, and enhanced allocation and duty to defend policy provisions under the updated CorPro Amendatory 2.0 endorsement.
Reza Khan, CorPro’s President and CEO, commented, “We’ve collaborated very closely with key insurance brokers and AIG’s underwriting leadership team to deliver what we believe will be viewed by the marketplace as some of the most competitive management liability coverages available for SME businesses in the U.S.”
For product offering and CorPro’s capabilities inquiries, please contact:
Sandra Revueltas, Assistant Vice President, CorPro Underwriting Managers
(646) 871-8335 or firstname.lastname@example.org
For media inquiries, please contact:
Alice Phillips Topping, Chief Marketing and Communications Officer, Ryan Specialty Group
(312) 635-5976 or email@example.com
About CorPro Underwriting Managers
CorPro Underwriting Managers is a series of RSG Underwriting Managers, LLC. RSG Underwriting Managers, LLC is a Delaware series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through agents and brokers. Some products may not be available in all states or may be available only from surplus lines insurers. In California: RSG Insurance Services, LLC License # 0E50879 ©2018 Ryan Specialty Group, LLC.
Additional information about CorPro Underwriting Managers can be found at www.corproum.com.
About American International Group
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.