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A comprehensive and flexible platform for organizations that have unique or challenging exposures and an appetite to share in the risk. Services include captive feasibility studies, customized fronting policies, alternative risk and financing methods, and access to captive structures including single parent, group, and protected cell facilities.

Mark Benz

Senior Vice President

Head of AIG Captive Solutions

Dan Hatton

Vice President

Chief Credit Officer

Bob Gagliardi

Senior Vice President

Head of Global

Captive Management

Joe Davina

Vice President

AIG Captive Solutions

Head of U.S. Fronting and Group Captives

Fronting

Develops innovative, compliant, highly customized fronting programs to manage challenging risks in collaboration with AIG’s Underwriting, Credit, Legal, Claims and Actuarial teams.

 

Supports individual or multiple lines of business leveraging an established global footprint.

 

Complements fronting arrangements with risk transfer solutions.

 

Captive Management 

Provides feasibility studies, operational reviews, accounting, regulatory filings and in-domicile administration for captives.

 

Sponsors and manages protected cell captive facilities in Vermont and Bermuda allowing clients to “rent” instead of form their own captive.

 

Operates as a licensed manager in 12 global domiciles delivering local expertise.

 

Group Captives 

Focuses an in-house team of dedicated group captive professionals on member priorities and customized service.

 

Collaborates with intermediaries to help clients form new group captives or join an existing program.

 

Develops bespoke coverage and credit solutions based on a collaborative effort across AIG’s Underwriting, Credit, Legal, Claims and Actuarial teams.

 

These solutions can be deployed in conjunction with each other, or accessed as individual services based on client needs.

Our industry experts, supported by the full breadth of AIG’s global capabilities, are dedicated to structuring programs that can effectively and efficiently manage risk by providing solutions designed to address:
 

  • Increased retentions or premiums due to loss experience or market conditions
  • Situations requiring evidence of insurance
  • The need for more efficient access to the reinsurance markets
Fronting Captive Management Group Captives

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.

ISSUE  

A client faced significantly increased retention and premiums at renewal due to poor loss experience and market conditions.


SOLUTION  

Client retained the first $250,000 of the risk exposure. AIG issued the policy to the client, with the first $250,000 reinsured to the client’s protected cell within AIG’s sponsored cell captive facility.

 

BENEFIT  

The client efficiently managed its retention through a protected cell within AIG’s sponsored cell captive facility and provided needed proof of insurance for  the full program.

ISSUE  

An insured with favorable loss history and a commitment to providing a safe workplace was facing a significant rate increase in the guaranteed cost market based on its industry.

 

SOLUTION  

The insured joined a group captive insured by  AIG under a program whereby the captive reinsures  the first layer of each loss.  

 

BENEFIT  

Competitive pricing based on the loss experience  of the individual insured and the potential to share  in the underwriting results of the group captive.

WHY IS THIS IMPORTANT?  Customized and Compliant Solutions.

WHY IS THIS IMPORTANT? 
Rent or Own Flexibility.

WHY IS THIS IMPORTANT?  

In-House Capabilities, Resources and Expertise.