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Customised, innovative risk retention solutions worldwide.
We develop innovative, customised solutions to unconventional or complex risks that are either not addressed or addressed inefficiently by traditional insurance or financial markets.
We partner with each client to understand its objectives, identify and analyse its risks and custom-design a programme to support its business strategy. Clients can choose from a wide range of innovative programmes that offer varying levels of risk retention and/or risk financing. In addition, we provide captive management and advisory services regarding the feasibility, formation and management of captives, and offer cell captive facilities. Our programmes extend to all types of exposures and industries—providing solutions that deliver our expertise and global capabilities.
Protecting earnings and assets from various exposures and utilising capital efficiently are critical to the strength and growth of a company. Traditional insurance programmes may not adequately address these exposures or be the most efficient use of capital. AIG fronting programmes may provide a better solution.
Fronting may provide a better solution for companies that are:
An insurance or reinsurance company formed primarily to insure its owner(s) and affiliated companies.
Captive Management Services
Fully Funded Structures
The client funds a notional experience balance in the amount of the policy limit. This funding can take place pre-loss, post-loss or some combination. The notional experience balance is increased by interest credited and annual deposit premiums paid, and reduced by losses paid. At policy end, any residual balance would be returned.
A programme in which the client retains ultimate financial risk within a defined layer by agreeing to indemnify the insurer for all losses and other amounts paid in respect of that layer.