Issue: A big box retailer was looking to sell extended warranties on its products.
Solution: AIG provided a fronted program for the client, leveraging AIG’s global capabilities to manage insurance and transactional issues and reinsure the exposure to the client’s captive.
Benefit: AIG supported a customized fronted program that creates a new source of revenue for the client, with the client sharing in the underwriting risk on the program through its captive reinsurer.
Why is this important? Customized and Compliant Solutions.