NEW YORK, Sept. 13, 2016 /PRNewswire/-- AIG UK, the UK arm of global insurer American International Group, Inc. (AIG:NYSE) and global law firm Dechert LLP have partnered to offer legal advice at no additional cost to AIG UK CorporateGuard policyholders regarding the termination of the United Kingdom's membership of the European Union.
Dechert will offer an initial consultation at no additional cost to all AIG CorporateGuard clients on the impact of Brexit on business or planning issues. This could include best practice advice for Brexit planning, steps to mitigate risks and maximize opportunities and the legal implications of Brexit on a particular sector or a client's workforce.
CorporateGuard clients should contact their brokers to access this new service. Dechert has been actively advising companies and trade associations on identifying potential mitigation steps that may help to minimize any risks associated with Brexit while also maximizing opportunities. Dechert's Brexit resource page can be found here: https://www.dechert.com/brexit/
Anthony Baldwin, Chief Executive of AIG Europe Limited and AIG UK, said:
"We continue to innovate to mitigate potential risks for our clients surrounding Brexit. While the outcome of negotiations between the UK and the EU are not known, we are pleased to be able to offer this add-on service, at no additional cost, from one of the leading law firms in this area to give our clients additional insight and advice."
Miriam Gonzalez, Partner and co-chair of the firm's International Trade and Government Regulation practice at Dechert said:
"The changing regulatory and trade landscape as a result of Brexit is one of the main risks facing companies in the UK. Dechert's Brexit team is a leader in this area. We help companies to map out the impact that Brexit may have on their sector and their firm. We also advise companies on steps to mitigate any risks that Brexit may bring and maximize opportunities, including how to try and shape the ongoing negotiations and new trade agreements to their advantage."
David Kistenbroker, Partner and Co-Leader of the white collar and securities litigation practice of Dechert, said:
"Whether it is trade disruption between the US, UK and EU or adverse impacts on capital markets and M&A activity, the Dechert Brexit team is well-positioned with deep expertise to shepherd your company through this rapidly changing regulatory landscape."
Notes to editors
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 100 countries and jurisdictions. Our 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 and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://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. For additional information, please visit our website at www.aig.com. 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.In Europe, the principal insurance provider is AIG Europe Limited.
Dechert is a global specialist law firm focused on sectors with the greatest complexities and highest regulatory demands. We deliver practical commercial insight and judgment to our clients' most important matters. Nothing stands in the way of giving clients the best of the firm's entrepreneurial energy and seamless collaboration in a way that is distinctively Dechert.
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SOURCE Dechert LLP