Captive International Cayman Awards: fronting firm

Winner: AIG

Highly commended: Zurich

Highly commended: Arch

AIG helps companies address non-traditional exposures by providing highly customised fronting programmes that apply insurance and/or capital market strategies. In addition, it provides captive management and advisory services regarding the feasibility, formation and management of captives, and offers cell captive facilities. AIG says it partners with each client to understand its objectives, identify and analyse its risks and custom-design a programme to support its business strategy, with programmes extending to all types of exposures and industries.

Zurich is described by respondents as solid and stable, and draws on more than 25 years of experience to help clients realise the benefits of their captive. Its services encompass life, non-life and consolidated captive services and it boasts 220 single parent captive customers and over 350 captive fronting programmes. Zurich says it has the expertise, global structures and processes to help clients implement solid captive solutions across borders. Its global solutions and network capabilities help clients establish and manage captives, whether single-parent, group, agency or programme.

Arch’s alternative markets division comprises experienced underwriting professionals with extensive expertise in the captive insurance programmes marketplace. It writes primary workers’ compensation, general liability, automobile and other lines for group captive and individual accounts. Its dedicated team has a deep understanding of the alternative market and captive programmes, it says, and it can help structure its clients’ programmes on a timely basis. It also offers excellent access to issuing paper and risk transfer.