Admitted and non-admitted excess casualty solutions and capacity for clients working with retail brokers.
Continued appetite for lead umbrella with an additional focus on mid excess and high excess placements for a broad range of accounts.
Up to $100M of total capacity is available on an individual account basis, subject to individual account underwriting.
Classes of business: broad appetite other than pharmaceuticals, invasive medical products, energy, residential construction, New York construction attaching below $25M and low attaching trucking or residential real estate business.
Offices located in the U.S., Bermuda and London to meet our clients’ unique needs.
Over five decades of underwriting umbrella and excess casualty insurance has taught us the importance of collaboration across underwriting, claims and risk consulting. We build on this collaboration to coordinate delivery of client-specific solutions and outstanding claims services, including:
Challenge: A large fast food chain sought continuity of its primary casualty and umbrella programs.
Challenge: A major manufacturer of technology products sought an excess program with global capabilities.
Challenge: In a high exposure claim matter that involved very serious injuries, a co-defendant resisted fulfilling their obligation to our client with the additional insured coverage that they owed under contract.
Solution: Excess Casualty worked closely with AIGRM to craft a competitive, all-AIG solution for the client’s primary workers’ compensation, automobile liability, general liability and umbrella.
Solution: AIG proposed a comprehensive excess casualty program via its multinational Passport platform that complemented the clients’ existing primary and foreign casualty coverage with AIG.
Solution: AIG’s Excess Casualty claims professionals evaluated the client’s exposure and established a strategy to defend the insured if necessary, while also pursuing a coverage dispute on behalf of the client against the co-defendant, leading to the client receiving the owed additional insured coverage.
Benefit: The client benefits from seamless claims support between primary and excess casualty, as well as consistent and cohesive coverage terms and conditions across its primary and excess casualty programs.
Benefit: Passport for Excess Casualty enabled the client to retain a seamless global program with local claims paying ability, evidence of local limits and compliance with local premium tax.
Benefit: The client had the peace of mind knowing that they were protected under their umbrella policy while having a partner by their side supporting them to get the risk transfer it was owed, ultimately resulting in settlement with no exposure to the client.