Broad and flexible risk appetite to underwrite different commercial property occupancies from lighter to challenged & unique risks for middle market and major segments in Latin America and the Caribbean. Able to write worldwide locations including North America as incidental locations of a regional property program. Capacity deployed on a case-by-case basis depending on TIV, limit, layer structure, and risk quality.
Industry
- Manufacturing: Light & Heavy Industry
- (Pulp & Paper, Plastic)
- Commercial & Residential Real Estate
- Hospitality (including beach front hotels)
- Public / Municipalities / Government Accounts
- Infrastructure (Completed Civil Works)
- Technology, Telecommunications & Transportation (Maritime Ports, Rolling Stock)
Underwriting Preference
- Proportional and non-proportional including buffer layers or primaries with a max stretch of USD $25m
- Cat-Only (Non-proportional)
- Average Line Size for Proportional: Up to a max of USD $10m / 15%
- Non-Prop (Excess layer): Up to a max of USD $5m / 10%
- Non-Prop (Buffer excess layers): Up to a max of USD $2m / 10%
- Non-Prop (Primary): Up to a max of USD $2m / 10%
- Minimum premium AIG share is USD $50,000
- Maximum commission is 20%
Minimum Underwriting Information
- Detailed SOVpreferably including geocoding
- Updated engineering surveys
- Reinsurance Slip including layer structure & target premiums
- 5-year loss history with the details of any significant losses
