Property Facultative Reinsurance

Property Facultative Reinsurance

 AIG is the worldwide leader provider of property capacity focused on writing commercial and Industrial risks with a fully technical approach

Underwritng Sweet Spot

Broad and flexible risk appetite to underwrite different commercial property occupancies from lighter to challenged & unique risks for middle market and major segments in Latin America and the Caribbean. Able to write worldwide locations including North America as incidental locations of a regional property program. Capacity deployed on a case-by-case basis depending on TIV, limit, layer structure, and risk quality.

Industry

  • Manufacturing: Light & Heavy Industry
  • (Pulp & Paper, Plastic)
  • Commercial & Residential Real Estate
  • Hospitality (including beach front hotels)
  • Public / Municipalities / Government Accounts
  • Infrastructure (Completed Civil Works)
  • Technology, Telecommunications & Transportation (Maritime Ports, Rolling Stock)

Underwriting Preference

  • Proportional and non-proportional including buffer layers or primaries with a max stretch of USD $25m
  • Cat-Only (Non-proportional)
  • Average Line Size for Proportional: Up to a max of USD $10m / 15%
  • Non-Prop (Excess layer): Up to a max of USD $5m / 10%
  • Non-Prop (Buffer excess layers): Up to a max of USD $2m / 10%
  • Non-Prop (Primary): Up to a max of USD $2m / 10%
  • Minimum premium AIG share is USD $50,000
  • Maximum commission is 20%

Minimum Underwriting Information

  • Detailed SOVpreferably including geocoding
  • Updated engineering surveys
  • Reinsurance Slip including layer structure & target premiums
  • 5-year loss history with the details of any significant losses

Underwriting Sweet Sports

FACULTATIVE PROPERTY PROVIDER with a broad flexible risk appetite to underwrite different occupancies from lighter occupancies to challenged and unique risks for middle market and major accounts.
SAIBA MAIS

AIG Property Differentiators

Underwriting Expertise: solution oriented underwriting team, delivering reinsurance solutions tailored to our clients’ needs, expertise in complex reinsurance programs with wording specialists.
SAIBA MAIS

Claims help when it matters the most

  • Multi award winning Major Loss claims team
  • Consistent claims service worldwide with average AIG adjuster experience of 20 years