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 AIG Australia > For Businesses > Management Liabilities > Mergers and Acquisitions > EnvironmentalSolutions
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Environmental Solutions
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What is it?
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AIG's environmental team can provide a range of flexible, strategic
insurance solutions designed to help your clients manage environmental
risk. The policy offers multiple options to select from so that you
can work with your clients to construct an environmental insurance
program that matches their business needs. Coverage can be selected
to meet the unique and individual risks of insureds, including those
risks associated with contaminated property, industrial operations,
and recycling, disposing or treating hazardous waste. The policy is
structured to offer great flexibility and tailoring options from
on- and off-site liabilities arising out of pollution conditions,
to environmental transportation risks, to non-owned disposal sites
and is ideal for large clients with liabilities arising from merger
and acquisition activity, historical and current operations, and
traditional waste disposal businesses.
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Why do you need it?
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Environmental liability is one of the most common issues faced in M&A
transactions. When real property changes hands through a merger, acquisition
or divestiture, the already cloudy picture of environmental liability
may become even foggier. Uncertainties surrounding potential environmental
liability, including the extent of contamination, undocumented operations
and sites and the effect on a company's financial condition, can stall or
halt a transaction. Environmental options are becoming increasingly important
to address early in the M&A negotiating process. Our consultants work with
vendors or purchasers to identify and quantify environmental liabilities,
seeking to introduce certainty into exposure levels. This provides a solid
financial basis for managing liabilities, from cleaning up sites (using fixed
price remediation services) to the structuring of risk transfer products.
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Who needs it?
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As well as providing environmental solutions to companies pursuing
mergers, acquisitions and divestments, we also offer environmental
solutions for:
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- Property investment portfolios
- Statutory clean-ups
- High risk sites
- Legacy contamination issues
- Brownfield developments
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Why use AIG Australia?
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Since 2000 we have been offering specialised environmental policies for
Australian and New Zealand market provided by underwriters with a technical
background in environmental consulting. Our insurance policies are issued
by member companies of American International Group, Inc. (AIG).
AIG is a world leader in insurance and financial services and AIG's
ratings are among the highest of any insurance and financial services
organisation in the world a vital element in providing insurance for
complex, long-tail corporate transactions.
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Find out more
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Contact us
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