AIG Aerospace

AIG Aerospace is the aviation insurance business of American International Group. It is headquartered in New York and has written aerospace insurance for more than 70 years. The company covers clients ranging from small aircraft operators to airlines and aircraft manufacturers. It serves industries from agriculture to airports.

AIG Aviation works with each client to customize coverage options with the goal of minimizing risk and maximizing safety. It has the products and network to support existing operations, expansion plans and unexpected challenges.

The company offers airline insurance that includes hull and liability coverage for operators from scheduled charter to international wide body airlines.

For general aviation, AIG provides hull and liability coverage for owners, operators and aircraft management companies. Limits include up to $100 million agreed hull value and $650 million liability limits. This includes coverage for owned and non-owned light aircraft.

AIG also offers aviation product liability for manufacturers, distributors and maintenance, repair and overhaul businesses. Its airports and service providers liability coverage is for airport operators and ground handlers. The company insures unmanned aircraft against physical damage and third party liability for remotely piloted, semi-autonomous and fully autonomous aircraft. It also provides specialized workers compensation units sized to the business.

The company writes capacity on a primary, excess and quota share basis. It offers multinational programs with a master policy plus locally compliant policies. AIG supports clients with a global network spanning countries and jurisdictions around the world. It coordinates a team of more than 80 underwriters located in hubs across the United States.

AIG runs a 24/7 aviation claims hotline with aviation adjusters and attorneys. Under the AIG Claims Promise, once coverage, ownership and financial interest in an aircraft are confirmed, the company aims to provide working funds of 50 percent of AIG's share of the agreed amount within 7 days.

Services

• Airline insurance
• General aviation insurance
• Aviation product liability
• Airports and service providers liability
• Unmanned aircraft insurance
• Workers compensation
• Multinational programs
• Claims services