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AIG provides brokers with admitted and non-admitted specialized property insurance solutions for their oil rig (upstream), oil & petrochemical, chemical, power generation and mining clients’ insurance needs.

Specialized knowledge and insights based on firsthand energy industry experience to help clients make better-informed decisions.

Broad, flexible appetite; open to risks on a shared, layered or excess basis.

Availability of capacity and shared, layered or excess positioning depends on risk quality, occupancy hazards, client commitment to risk management principles and loss experience.
 

  • Up to $500M in capacity for onshore business and up to $300M in capacity for offshore (Oil Rig) business available.

Coverage Flexibility 
Broad all risk property damage and business interruption coverage (including boiler and machinery) available.
 

Customized programs with coverage and risk engineering services tailored for specific onshore or offshore industry segments available.

Claims Promise
After coverage is confirmed, we will advance our policyholders up to 50% of an agreed loss estimate within 7 days, giving them the immediate working funds they need for property damage and repairs, clean-up costs and extra expenses.
 

The team of dedicated property claims adjusters has 20+ years of experience on average. 

Multinational
The team of dedicated property claims adjusters has 20+ years of experience on average. 
 

World-class multinational expertise, solutions and service.

Service delivery in a globally consistent and seamless fashion through one of the largest global networks in the industry, spanning 215+ countries and jurisdictions.
 

Risk Engineering 
Multidisciplinary team of property risk engineers with decades of industry experience help mitigate catastrophic and business interruption loss via:
 

  • Assessments based on deep knowledge to meet the needs of each client.
  • Evaluations and best practices for unique, complex, renewable and emerging process occupancies.

PROBLEM SOLVERS

Challenge: 
A mining client with multinational exposure wanted to make sure its property insurance program did not include any business interruption coverage gaps. 

CREATIVE SOLUTIONS

Challenge:
 The broker was looking for an insurer with industry expertise to help address a client’s cavern storage risk exposures.

CLAIMS EXPERTISE

Challenge: A client suffered a catastrophic failure of a gas turbine generator. AIG was on site the next morning with a consultant engineer to help begin assessment and mitigation efforts. 

 

Solution: AIG modelled several different options and collaborated with its technology team to quantify the clients’ business interruption exposures.

 

 

 

Solution: AIG’s risk engineers provided an on-site and in-office consultation with the client and broker. Based on the risk engineers’ analysis, AIG quoted a highly customized solution that fit the client’s needs.

 

Solution: To support an ambitious schedule to replace/rebuild, AIG led the insurance panel to make a very substantial early payment to accommodate the high level of funding required to expedite the delivery of the new unit. 

 

Benefit: AIG’s was able to ensure the client had proper coverage and even helped fill in gaps in to enhance their multinational program.

 

Benefit: AIG demonstrated that it understood the client’s unique exposure and could meet the client’s complex needs moving forward, and bound the account.

 

Benefit: Due to AIG’s fulfillment of the AIG Property Claims Promise, the new turbine was delivered and installed ahead of schedule.

Warren Meigs

Head of

North America

General Insurance Energy

John E. Roberts

VP Specialty

Energy and Construction Claims

Paul Hart

Risk Engineering

Lead for North Amercia General Insurance