Excess Casualty

What is Excess Casualty?

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.

  • Lead umbrella: available limits up to $25M; limits offered will depend on class of business and individual account characteristics.
  • Mid excess: available limits up to $25M excess of a minimum attachment of $10M.
  • High excess: available limits up to $75M excess of a minimum attachment of $100M via Cat Excess; typically in the top one-third of the tower.
  • Small business excess: excess coverage with available limits up to $10M for companies with revenues up to $25M.
  • Lex London: lead, mid excess and high excess coverage offered to U.S. clients seeking access through the London market.

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.

The AIG Advantage

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:

  • Industry-specific risk consultants who work closely with underwriters to analyze both small and complex risks and craft solutions for insureds;
  • Market-leading policies and coverage enhancements, with the ability to customize coverage where needed;
  • Seasoned Excess Casualty claims professionals, 70% of whom are attorneys and who average more than two decades of experience, work side-by-side with clients in the event of a severity claim;
  • Our pioneering CrisisResponse coverage, which, in the event of a casualty crisis, provides additional policy sublimits, access to leading crisis management firms and 24/7 support from our in-house claims specialists;
  • Seamless account integration that dovetails with AIG’s foreign and domestic casualty platforms, including primary limits, attachment points and worldwide coverage.
  • Locally admitted policy limits available globally via AIG's Passport platform, with local claims paying ability, evidence of local limits and compliance with local premium tax.

Why AIG

Problem Solvers

Challenge: A large fast food chain sought continuity of its primary casualty and umbrella programs.

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.

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.

Creative Solutions

Challenge: A major manufacturer of technology products sought an excess program with global capabilities.

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.

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.  

Claims Expertise

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: 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 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.

National Leadership

Michael Kirchgessner

Head of North America Excess Casualty

Barbara Luck

President of North America Retail Casualty

Peter Macdonald

Head of North America Casualty and Workers’ Compensation Claims

Shirleen Laubenthal

Casualty Risk Consulting Leader

Downloadable Materials