AIG Global Risk Solutions

AIG Global Risk Solutions

AIG Global Risk Solutions provides clients with non-traditional solutions to unique risks that are either not addressed or addressed inefficiently by the traditional insurance or financial markets. We develop innovative, customized programs to help clients mitigate these challenging risks.

 80 Pine Street
36th Floor 
New York, NY 10005

Simon Beynon - (212) 458-1416


Profile:

AIG Global Risk Solutions (GRS) provides non-traditional solutions to unique risks that are either not addressed or addressed inefficiently by the traditional insurance or financial markets. We develop innovative, customized programs to help our clients mitigate these challenging risks.

Our GRS team is a single point of contact that puts the expertise of AIG to work for you. GRS programs often utilize the full range of AIG’s global capabilities. With one of the industry’s most extensive ranges of products and services, deep claims expertise, and excellent financial strength, AIG enables its insurance clients to manage virtually any risk with confidence.

Global Fronting Programs

GRS Global Fronting Programs incorporate varying levels of risk retention and/or risk transfer.

−      Captives

−      Rent-A-Captives

−      Fully Funded Structures

−      Indemnity Programs

There are times when companies face challenges that the traditional markets may not fully or effectively address. Capacity may be limited. Significant risk retention may be required. The exposure may not be covered. Market conditions may be volatile. There may be a need for locally issued insurance policies. These are just a few examples of the challenges our global fronting programs can help meet. We help companies address non-traditional exposures by providing highly customized fronting programs that apply insurance and/or capital market strategies. 

Captive Management Services

AIG provides a complete range of captive management and consulting services regarding the structuring, formation, and overall management of captives with a unique understanding of each domicile’s regulatory requirements and local business practices.

In addition, we manage AIG’s own sponsored captives which are domiciled in Vermont and Bermuda. The sponsored captive is a form of “rent-a-captive” and offers a flexible alternative risk solution for clients, with the added benefit of a lower cost structure and reduced capital requirements compared to a standalone captive.

Additional GRS Capabilities and Service Offerings

  • Alternative Solutions can combine structuring and risk transfer to address complex, unusual, or difficult to insure risks.

–         Blended Structures Combining Client Funding and Risk Transfer

–         Customized Primary or Excess Risk Transfer Programs

–         Buyouts of Traditional Insurance Risks or Unusual Exposures

  • Breakthrough Innovation results in the design and implementation of new products and significant product enhancements not currently available in the insurance or financial market.

If you would like to learn more about how GRS may be able to design a strategy to address your challenging risks, please visit our website: www.aig.com/globalrisksolutions.

 

Global Risk Solutions: Your Global Partner for Non-Traditional Solutions to Unique Risks.

Disclosure: All products are written by insurance company subsidiaries or affiliates of American International Group, Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. For additional information, please visit our website at www.aig.com.


simon-beynon-120x130.jpgSimon Beynon
Senior Vice President, AIG Global Risk Solutions
Email: simon.beynon@aig.com
212-458-1416

 

With 20+ years experience in the insurance industry, Simon is Head of GRS for Latin America and the Caribbean and is also responsible for the marketing of GRS solutions and service offerings. Previously, Simon was President of the National Accounts group of Executive Liability, an AIG division. Prior to that, he was Global Portfolio Manager for the Financial Lines Risk Management division.

 

bob-gagliardi-120x130.jpgBob Gagliardi, CPA, ARe
Senior Vice President, AIG Global Risk Solutions
Email: robert.gagliardi@aig.com
802-419-1234

With 20 years in the insurance industry, Bob oversees the worldwide operations of AIG’s captive management division. He is responsible for new captive formations, feasibility studies, development of AIG’s sponsored captives, and the marketing of other GRS solutions and service offerings. Bob serves on the Boards of 20+ captives and is a member of the Board of Directors and Chair of the Strategic Planning Committee of the VCIA.

 

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