Political Violence Facultative Reinsurance

Political Violence Reinsurance

AIG’s political violence product was designed to enable clients to manage the risk posed by the potential outbreak of sabotage, terrorism, riots, strikes, civil commotion, war – international or civil. 

Policies are designed to offer a solution that is highly-specialized and tailored to respond to the priorities of the specific organization and region.

Underwriting Sweet Spot

  • AIG FAC Desk provides Facultative reinsurance solutions for Political Violence Property Damage, Business Interruption, and Third-Party Liability coverage in Latin America. The team serveas PV underwriting center of excellence for AIG offices in Mexico, Puerto Rico, Ecuador, and Brazil.
  • Minimum net premium per our share: USD $7,000.
  • Minimum underwriting info: Detailed scheduleof values, survey report, quote slip, information relevant to security measures, and 5-year loss record.

Preferred Segments

  • Light & Heavy Industries: Manufacturing and Processing
  • Energy: Oil & Petrochemical and Power Generation
  • Infrastructure (Completed Civil Works)
  • Construction Projects
  • Commercial & Residential Real Estate
  • Transportation: Airports & Ports
  • Healthcare: Hospitals and Clinics
  • Hospitality: Hotels & Conference Centers

Coverages

  • Terrorism & Sabotage, Strikes Riots, and/or Civil Commotion & Malicious Damage
  • Third Party Terrorism Liability for S&T / SRCC
  • War on Land (Civil War, Insurrection, Revolution or Rebellion, Mutiny and/or Coup d'état)
  • NBCR -Losses involving Nuclear, Biological, Chemical or Radiological weapons
  • Organized Crime (Mexico only)
  • Political Risk perils are excluded

Sabotage and Terrorism

Designed to protect against both direct physical damage and resultant business interruption ensuing from a politically, religiously or ideologically motivated violent act.
SAIBA MAIS

Strikes, Riots, and Civil Commotion

AIG provides worldwide cover for SRCC. We can offer protection against property damage and business interruption losses sustained during a committed action by a group of people to disturb the public peace for political purposes or motivations.
SAIBA MAIS

Full PV (War)

AIG’s Political Violence product was designed to enable clients to manage the risk posed by the potential outbreak of war – international or civil. Policies are designed to offer a solution that is highly specialized and tailored to respond to the priorities of the specific organization.
SAIBA MAIS

Nuclear, Biological, Chemical and Radiological (NBCR)

The AIG NBCR product has been designed to respond to the multitude of threats posed by opportunistic use of nuclear, biological, chemical, and radiological agents.
SAIBA MAIS

Organized Criminal Activity (Available Only in Select Territories)

AIG can offer coverage against an organized group of persons whose criminal conduct is promoting and/or controlling illegal drug production and/or trafficking operations for profit or gain.
SAIBA MAIS


"In these fluctuating times, not only in politics, recession, and in the wake of the pandemic, we must be prepared for the increase in Terrorist Attacks, Riots and Civil Unrest. Therefore, counting with one of the most experienced specialists in terrorism and political violence solutions, Talbot AIG is best placed to underwrite your client’s business against the multitude of evolving risks that have emerged over the last two decades. This includes protection against property damage and loss of revenue. We are always committed to provide the highest standards of service to our clients."

Andrea Sanchez
AIG FAC Desk Product Leader

andrea.sanchez@aig.com
T: +1 786-777-7853
M: +1 305-794-0398
701 Brickell Avenue 19th Floor, Miami, FL 33131