Captive Fronting Services
Challenge: A large multinational food manufacturer came to us as a result of a rapidly changing property capacity marketplace and a current relationship that could not meet its needs. Due to late communication on the changes to the current program, turnaround time for AIG to produce a solution was short
Solution: Our team worked seamlessly with colleagues in Underwriting, Credit, Legal and Captive Management to design a fronting proposal that optimized use of the client’s captive. The innovative design and our ability to implement this program quickly provided the client the confidence to form a partnership with our team for its property program moving forward.
Benefit: Our client was able to increase the level of risk assumed by its captive and minimize the disruption to a complex global program at a critical time in the marketplace. The program created a platform for additional lines of business to flow into the captive in the future.