40+ year provider of customized non-cancelable limits coverage, credit management tools and debt collection services for mid-market businesses, large corporations, multinationals and financial institutions.
Minimum premium of $20,000 and sales of at least $10M for corporate clients.
Domestic and foreign accounts receivable can be insured under a simple, comprehensive policy.
Structures generally include risk sharing in the form of co-insurance and/or deductible.
Non-payment coverage available for short-term trade related receivables, payables, loans and letters of credit is financed by established trade finance banks and alternative lenders.
Flexible program structures provide a high level of autonomy when granting credit to customers.
Coverage is tailored for an insured’s entire accounts receivable portfolio; can be just the largest exposures or a single account.
AIG’s coverage flexibility can facilitate more attractive bank financing to increase working capital available from the same pool of receivables.
Highly-experienced and industry-leading global claims team.
Over $2B in global claims paid over our 40+ year history.
One of the broadest networks among non-cancelable limit credit insurance carriers licensed in 70+ countries; supported by AIG Multinational tools and services.
Global accounts receivable insurance with local policy issuance for foreign subsidiaries wrapped by a controlled master program.
Challenge: A communications client that provides products and services sought a broader solution providing non-cancellable limits Trade Credit coverage, as opposed to another current carrier’s policy.
Challenge: A banking client sought a Trade Credit policy to sit excess above its participation in a syndicate Trade Finance agreement and their primary policy.
Challenge: A storied luxury retailer filed for Chapter 11 bankruptcy due to pressures from online retailers, leaving its suppliers with millions in unpaid invoices.
Solution: AIG worked closely with the broker to understand the client’s needs and provide a better structure for the client with non-cancelable limits.
Solution: With sound knowledge of this Trade Finance arrangement from another participating bank, AIG quickly stepped up with manuscripted coverage and bound the coverage.
Solutions: AIG’s client claimed the unpaid invoices under its Trade Credit policy and received a seven figure claim check.
Benefit: By partnering with AIG’s Trade Credit team, the client obtained the more flexible, comprehensive policy.
Benefit: The client obtained the desired coverage and was appreciative of AIG’s ability to respond promptly through our experienced team’s understanding of this risk.
Benefit: AIG’s client was able to continue operations as normal and meet its obligations to clients and lenders.