Alternative Risk
Innovative, customised solutions to unconventional or complex risks
- Requiring evidence of insurance for regulatory, disclosure, financing, marketing, trading, or counterparty needs
- Facing a specific problem for which there is no clear or viable risk transfer solution
- Encountering a situation where current market conditions or shifting underwriting capacity are limiting availability of risk transfer
- Planning a merger, acquisition, or divestiture in which difficult risks are impeding the transaction
- Confronting significantly increased retentions or premiums
- Experiencing restricted coverage due to adverse industry claim trends
- Challenged with high attachment points due to poor loss experience or market conditions
- Exploring the possibility of retaining risk as part of a comprehensive risk management strategy
- Pursuing more efficient access to the excess markets
- Evaluating the closure of redundant captives in response to capital requirements under the Solvency II Directive
- Seeking to offset significant retained or self-insured legacy liabilities
- Managing short term volatility that could be better controlled or financed over a multi-year time horizon
- Considering alternatives to protect against the accumulation of retained losses and/or to free up capital
- Seeking to satisfy a primary lead layer to support an excess tower for a difficult to insure risk
- Requiring broad flexibility regarding the type of exposure, class of risk, and/or contract issued
- Looking to realise potential tax efficiencies
- Seeking to insure risks that cannot otherwise be financed due to corporate structure (e.g., because a partnership must distribute all earnings, it cannot effectively fund for known risks)
- Interested in offsetting liabilities (e.g., litigation or pollution remediation reserves)
- Over 50 years of providing global fronting solutions leveraging AIG’s network of owned operations in over 90 countries, supported wherever required by local insurance partners
- Over 20 years of delivering non-traditional solutions to our clients’ unique risks, using innovative structured (re)insurance solutions
- A market leader providing non-traditional insurance and reinsurance solutions
- Unique deal team culture bringing together underwriters, actuaries, lawyers, accountants, credit officers, claims professionals and operational specialists
- Technical expertise to cover risks for which there is no conventional insurance market
- Ability to analyze complex and unique risks
- A history of partnering with clients to truly understand their business needs to provide innovative risk transfer and risk financing solutions
- Superior servicing and claims handling, reporting, and management
- In-depth knowledge and advice on programme structure, coverage, and regulations
- Full access to AIG’s multinational policy issuance capabilities and expertise controlling multi-currency cash flows
- Access to the resources of the AIG organisation, including significant risk-bearing and risk financing capacity
- Ability to insure virtually all lines of business
- Extensive product customisation ability
- Broad flexibility in type of exposure, class of risk, and type of coverage (e.g., insurance, reinsurance, loans, or other financial products)
- (Re)insurance to ring-fence liabilities (e.g., liability buyouts, portfolio transfers, captive redomiciliations)
- Seamless policies that cover multiple risks within a single integrated programme
- Regional fronting expertise and ability to meet local regulatory requirements
- Full range of captive management and protected cell services.