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21 May 2012

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Great American leads $150mn claim on AIG D&O cover

15 September 2010

Great American is the lead insurer on the American International Group (AIG) legacy directors' and officers' (D&O) programme that recently paid out $150mn to settle a derivate class action lawsuit brought by injured investors, The Insurance Insider can reveal.

The cover is part of a $300mn-limit programme that AIG put together in 2008 to provide it with cover for claims relating to director and officer conduct between May 2005 and September 2008.

At the end of August it emerged that...

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