American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for middle market businesses with up to $700 million in annual revenue.
With GCSS, brokers can access AIG’s U.S. domestic, foreign, and excess casualty products and services on behalf of customers 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.
According to Russell Johnston, president, U.S. Casualty, the product was created because brokers serving small and medium-sized businesses want to access their multinational insurance partner in a simple way.
Preferred industries include manufacturing, wholesale, and financial institutions, as well as business, legal and engineering service firms.