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Casualty Facultative Reinsurance

Why Choose AIG for Casualty Facultative Reinsurance?

We offer solutions to help protect businesses of all sizes.

We leverage our global network to handle claims efficiently and help our clients manage risks. The AIG FAC Desk provides Facultative reinsurance Casualty solutions in General Liability, Environmental Liability, Energy Liability, Construction Liability, and Product Recall (CPI). Broad and flexible risk appetite; open to risks on a shared, layered, or excess basis to underwrite Casualty products for middle market and multinational client segments in Latin America and the Caribbean.

AIG Casualty Facultative Reinsurance Solutions

Liability provides any combination of Employers’ Liability, Public Liability & Products Liability insurance & is suitable for businesses of all sizes across most sectors, including multinationals.

What is covered?

  • Public and products liability and employers’ liability
  • Excess liability
  • Inclusive crisis containment, product recall (Additional coverage by endorsement)

Who is it for?

Product Liability

Product manufacturers, distributors, and importers of many sub-classes

General Liability

Service contractors, equipment rental, habitational, real estate, Security services, power generation and utility, Retail and wholesale, Manufacturing, Hospitality and leisure, Technology and professional services, Energy (Power generation and utilities / Renewable and alternative energy.

Construction

General contractors and subcontractors; General Liability-only wrap ups: Contractor Controlled Insurance Program (CCIP) and Owner Controlled Insurance Program (OCIP), project specific (non-wrap up), owner’s interest, and Owner Contractors Protective (OCPs); Infrastructure projects.

Energy

Industry (Oil and Petrochemical):  Oil refinery petrochemicals, natural gas, terminals and all downstream hydrocarbon processing, including liquid natural gas. Power: Power generation and utility.

Different industries have different environmental exposures and risks. Some business operations have heightened environmental exposures from their air emissions, oil or chemical spills, waste management or water discharge from cleaning or cooling operations.

Product recalls present real threats to retailers and manufacturers: loss of sales, customer confidence, hard-won retail shelf space, and supply contracts. Skillful handling of a recall can minimize damage demonstrating reliability and professionalism to wholesale and retail connections.

Preferred Industry Segments

  • Light & Heavy Industry: Manufacturing, Pulp & Paper, Chemicals, and  Metallurgy
  • Construction Projects, Completed Civil Works, and Demolition
  • Waste Management and Treatment 
  • Onshore & Offshore Energy and Renewable Energy 
  • Food & Beverage (Perishable goods and alcoholic beverages) 
  • Media & Telecommunication
“Every company, when entering the risk transfer process, must consider primarily the financial stability, experience and global reach of its reinsurer. This in order that the insured can have an adequate insurance program for the type of exposure of their operations, accompany the insured as he expands borders outside his territory and finally that the insured can have the financial support to attend to the appropriate contingents that arise. At Casualty we have a range of specialized products, which are designed according to the needs of the insured”

Tania Marcial, AIG FAC Desk Product Leader

tania.marcial@aig.com
T: +1 (786) 7777516 x7516
701 Brickell Avenue 19th Floor, Miami, FL 33131