AIG 2015 Annual Report Download - page 12

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ITEM 1 / BUSINESS / COMMERCIAL INSURANCE
12
A Look at Commercial Insurance
Property Casualty conducts its business primarily through our Non-Life Insurance Companies.
Mortgage Guaranty conducts its business primarily through United Guaranty Residential Insurance Company.
Institutional Markets conducts its business primarily through our Life Insurance Companies.
Commercial Insurance Operating Segments
Commercial Insurance’s current operating segments consist of Property Casualty, Mortgage Guaranty and Institutional
Markets.
Property Casualty Product Lines
Casualty: Products include general liability, commercial automobile liability, workers’ compensation, excess casualty and
crisis management insurance products. Casualty also includes risk-sharing and other customized structured programs for
large corporate and multinational customers.
Property: Products include commercial, industrial and energy-related property insurance products and services that cover
exposures to man-made and natural disasters, including business interruption.
Specialty: Products include aerospace, environmental, political risk, trade credit, surety and marine insurance, and various
small and medium sized enterprises insurance lines.
Financial: Products include professional liability insurance for a range of businesses and risks, including directors and
officers liability (D&O), fidelity, employment practices, fiduciary liability, cybersecurity risk, kidnap and ransom, and errors
and omissions insurance (E&O).
Property Casualty products are primarily distributed through a network of independent retail and wholesale brokers, and
through a newly acquired leading U.S. managing general agent and insurance program administrator.
Mortgage Guaranty Product Lines
Mortgage insurance (MI) protects mortgage lenders and investors against the increased risk of borrower default related to
high loan-to-value (LTV) mortgages.
Mortgage Guaranty products and services are directly distributed to a comprehensive range of mortgage originators
including national mortgage, community and money center banks, as well as through builder-owned, regional mortgage
and internet-sourced lender and credit unions.