AIG Forms Bermuda Segregated Accounts Subsidiary, Grand Isle
In response to strong demand for alternative risk financing programs, particularly from small and medium-sized companies globally,
In a release, AIG said that Grand Isle offers customers the option of establishing segregated accounts in an AIG sponsored captive. Customers gain access to the captive's established capital, insurance license, and underwriting capabilities to retain and manage their risk, without the costs of starting and operating their own standalone captives.
Segregated account companies have been used across all industry segments for a range of coverages, from general and professional liability to employee benefits and cyber risk. A segregated accounts company is considered an option for a company looking to share risk in order to achieve cost savings and flexibility in its insurance program.
AIG Captive Management Services in
"Grand Isle furthers AIG's active participation and involvement in
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