AIG vs Marsh: Fidelity Bonds

AIG markets Financial Institution Bonds and lists example employee dishonesty and fraud coverage. Marsh bundles fidelity with commercial crime insurance; a Marsh or Marsh McLennan Agency specialist can discuss the combined placement.

Van Ness Partners presents a practical comparison of source materials relevant to financial crime exposures.Research updated 2026-09-30

Marsh groups fidelity with commercial crime and describes employee white-collar fraud as a covered risk; AIG offers a named Financial Institution Bond family.

What Are the Key Differences Between AIG and Marsh Fidelity Bonds?

Standalone Bond Family or Crime Placement

AIG markets Financial Institution Bonds as a distinct product for banks, lenders, asset managers, and insurers. Marsh says it places fidelity with commercial crime rather than offering a separate fidelity product, and its pages also group commercial crime and fidelity together for middle-market clients. Financial institutions should ask Marsh whether it can place a dedicated FI bond form; buyers approaching AIG can request the application aligned to their institution type. [1] [2]

Employee Fraud and Issuing Carrier

Marsh describes employee white-collar fraud as trusted staff exploiting systems for personal gain, while AIG lists employee dishonesty, theft, forgery, and computer systems fraud in its FI bond examples. Marsh does not name the insurer for a buyer’s placement; AIG also asks the buyer to confirm the issuing entity. Compare the insuring agreements and loss triggers in the actual form, particularly if employee conduct overlaps with broader commercial crime coverage. [2] [1]

What Should You Confirm in AIG and Marsh Fidelity Bonds Quotes?

  • Ask Marsh which crime/fidelity form and insurer it proposes, and whether it is a fidelity bond or policy coverage. [2]
  • Ask AIG to identify the FI bond issuer and whether commercial-crime agreements are included or separate. [1]

Crime coverage

AIG

  • role: AIG markets Financial Institution Bonds separately from commercial-entity Crime Insurance. This draft covers the named bond family only and does not treat the crime policy as a fidelity bond. Role in this product is limited to the description on the linked AIG source.company-reportedSource ↗
  • eligibility: AIG names banks, non-bank lenders, asset managers and insurance companies as financial-institution bond audiences. The page does not establish eligibility for a specific entity or jurisdiction. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.company-reportedSource ↗
  • coverage: AIG lists employee dishonesty, theft on premises, forgery, computer-systems fraud and impersonation fraud among financial-institution bond coverage examples. These examples are subject to the actual bond form and do not define all terms. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.company-reportedSource ↗
  • services: AIG describes dedicated underwriting and claims teams for its crime and fidelity offerings. The application directory includes distinct fidelity applications by financial-institution type; this is an application path, not a bound bond. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.company-reportedSource ↗
  • limits: The reviewed pages do not state a standard bond amount or buyer-specific deductible. Confirm the bond form, amount and conditions with AIG for the particular institution. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.not-disclosedSource ↗

Marsh

  • role: Marsh does not sell fidelity coverage as a separate product line in the pages reviewed. It bundles fidelity with commercial crime insurance, and MMA lists "commercial crime/fidelity" together as one item in its executive and professional liability practice. MMA executive and professional liability page and Marsh's commercial crime page.company-reportedSource ↗Source ↗
  • coverage: Marsh describes employee white-collar fraud, meaning fidelity losses caused by trusted employees who exploit systems for personal gain, as one of the risks a commercial crime policy addresses; it says these losses make up about half of the crime-policy notifications in its data. Commercial crime insurance page; a fidelity-specific policy form was not identified as a distinct product from crime coverage.company-reportedSource ↗
  • insurer: The reviewed pages do not name a specific insurer for fidelity or crime/fidelity coverage. Commercial crime insurance and MMA executive and professional liability pages as read on 2026-09-23.not-disclosedSource ↗Source ↗
  • application: You would engage a Marsh or MMA crime and fidelity specialist directly, since fidelity is placed together with commercial crime rather than through a separate application path in the reviewed pages. Commercial crime insurance and MMA executive and professional liability pages.company-reportedSource ↗Source ↗

Sources consulted

  1. 01
    Crime and Fidelity Insurance

    AIG · Official AIG page, lines 257–275 and 353–354: separate Financial Institution Bonds section, named financial-institution audience and example covered losses; policy/state availability caveat. AIG’s Financial Lines Applications directory separately lists institution-specific fidelity applications. · accessed 2026-09-30

  2. 02
    Commercial crime insurance

    Marsh · Employee white-collar fraud: Marsh data shows around 50% of crime policy notifications are for employee fidelity losses, involving trusted employees who exploit systems for personal gain · accessed 2026-09-23

  3. 03
    Expert Executive and Professional Liability Insurance

    Marsh McLennan Agency · Our policies include D&O, E&O, EPL, commercial crime/fidelity, network security privacy risk/cyber, fiduciary, media liability, IP, architects and engineers, lawyers professional, and kidnap and ransom · accessed 2026-09-23

  4. 04
    Glossary of Insurance Terms

    National Association of Insurance Commissioners · Fidelity; Surety Bond · accessed 2026-09-16

  5. 05
    Crime Terms and Conditions

    Travelers Casualty and Surety Company of America · I.A.1–3 p.1; III.S pp.8–9; V.B.1–2 pp.18–20; CRI consideration p.1; III.P p.8; V.A.3 pp.16–17; V.A.4 p.17; V.B.3 p.20; IV.L p.15 · accessed 2026-09-16

  6. 06
    Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements

    U.S. Department of Labor, Employee Benefits Security Administration · Q1–Q3 pp.2–3; Q2 pp.2–3 · accessed 2026-09-16

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