Aerospace

What is Aerospace?

Innovative aerospace insurance provider for 70+ years offering a variety of aviation insurance solutions.

Hull and liability coverage up to $750M in limits and $100M in agreed to hull value for owners, operators and aircraft management companies of most general aviation classes of business.

Aviation liability coverage for aviation product manufactures, non-owned aviation, small to large airports, and private and corporate aviation.

Specialized workers’ compensation units available and tailored to size of business.

Up to 15% of $2.5B limit of liability available on airline risks in a leading or following position.

The AIG Advantage

Claims

  • 24/7 access to dedicated aviation adjusters and attorneys located in the UK, U.S., Singapore and more.
  • 50% advance of an agreed loss estimate for property damage, clean-up costs and extra expense within 7 days of a covered event.

Multinational

  • World-class multinational expertise, solutions and service delivery in a globally consistent and seamless fashion. 
  • One of the largest global networks in the industry, spanning 215+ countries and jurisdictions.

Coverage Flexibility

  • Local, global and controlled master programs.
  • Quota share placements to provide capacity in a lead or following position.
  • Highly customized coverage to meet the unique needs of individual insureds.

Why AIG

Problem Solvers

Challenge: A broker was having issues finding stable capacity for a loss free operator since the previous carrier withdrew from the aviation market.

Solution: AIG was able to provide a customized lead quote offering terms to help the broker secure enough following capacity to complete the placement. 

Benefit: Due to AIG Aerospace’s underwriting acumen, the broker was able to deliver a comprehensive, secure and stable product to meet the customer’s needs. 

Creative Solutions

Challenge: A multinational manufacturer was expanding operations in Latin America and Asia Pacific. Its insurer did not have licenses in the required jurisdictions or access to local partner carriers.

Solution: AIG offered a multinational controlled master program with a U.S. master policy and foreign (local) DIC/DIL underlying policies endorsed to the master policy.

Benefit: With decades of experience and dedicated multinational experts worldwide, AIG helped the client achieve their risk, governance and contract certainty objectives.

Claims Expertise

Challenge: A U.S. citizen traveling from Texas to Guatemala on business lost power, crashed into a building & was retained by Guatemalan authorities. 

Solution: After the insured contacted his broker for assistance, AIG Companies’ claims adjustor promptly provided the Guatemalan authorities with required information to allow the insured’s release and return to the U.S. 

Benefit: AIG Companies’ rapid response and claims handling allowed the insured to return to the U.S. along with his aircraft, avoiding jail time or any further actions by Guatemalan authorities.

National Leadership

Jordan Lanford

Head of Aerospace, North America

Ted Green

Global Head of Aerospace Claims

Larry Kovacs

VP of Branch Operations, Aerospace, North America 

Downloadable Materials