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There are good reasons to consider Energy Insurance from AIG

The world of Energy, Chemical and Utilities is a highly complex and specialized place. At AIG Energy, we believe it takes the same degree of specialization to properly address the insurance and risk management needs of those engaged in these businesses. As part of AIG’ Global Energy Division, which also include AIG Oil Rig. AIG Energy is ideally positioned to work with you to address a wide range of insurance needs.

Global energy solutions

Our energy division offers our clients what they need most: deep understanding of their industry, environment and operations, extensive and specialised expertise, innovative solutions, superior loss control capabilities, responsive claims handling, substantial insurance capacity and a truly global reach.

Loss control expertise

Our clients benefit from the experience of our loss control consultants including chemical, fire protection and mechanical engineers. They have dealt with virtually all types of energy, chemical and construction exposures and operations over the years and understand the inherent hazards of each activity type.

Tailored response

Our global network and extensive resources mean that we can arrange protection tailored to your particular operation, whether you require a global programme with locally admitted policies, foreign coverage, or a domestic-only programme.

An insurance partner

With so much at stake in high risk and expensive ventures, the role your insurer plays can be critical, from evaluating and advising on project viability from the outset, through to the provision of cover and essential and cost-containing loss control capabilities throughout the entirety of the project.

Who is it for?

Oil refineries, petrochemical plants, chemical manufacturers and electrical utility companies, mining and process industries.

What is covered?

AIG Energy brings clients what they need most: A deep understanding of their industry, environment and operations, extensive specialized expertise, innovative solutions, superior loss control capabilities, responsive claims handling, substantial capacity and financial strength.

All-risk policies can be underwritten for multinational offshore and onshore Energy, Chemical and Utilities accounts including fronting of captives. We offer coverage on either a multiline or monoline basis for both onshore and offshore risks. Because of our global network and extensive resources, we can arrange property protection tailored to your particular operation, whether you require a global program with locally admitted policies, foreign coverage, or a domestic-only program.

We specialize in six areas:

Oil and Petrochemicals, Power Generation, Chemicals, Pharmaceuticals, Construction and Erection, Boiler and Machinery.

In addition, our loss control consultants, who include chemical, fire protection and mechanical engineers, have dealt with virtually all types of energy, chemical and construction exposures and operations over the years and understand the inherent hazards of the various occupancies being insured. They will work with you to identify and assess the risks of even the most complex facilities, and provide recommendations on loss prevention and control issues that will help you maintain reliable operations and help reduce your exposure to loss.

Loss Control Engineering

Our Energy engineers are among the most experienced in the marine and energy insurance fields. They offer effective, practical solutions to mitigate risk globally, enhance workplace safety and cost-effectively minimize loss. Our extensive technical expertise and global reach ensures that our solutions align with the latest trends, technologies and regulatory developments that impact our clients worldwide.

Claims

Claim specialists around the globe help clients avoid and mitigate the effects of loss or damage by using the latest technology and claims management strategies to assist insured’s in controlling losses, reducing downtime and restoring operations quickly and efficiently in the wake of a loss.

Our experts work closely with clients to design and implement creative claims management approaches that keep pace with a rapidly-evolving business and litigation environment.