Energy & Construction Insurance

AIG’s energy solutions are built specifically for Canada’s power and utilities industry. Specializing in all aspects of energy storage, from compressed air and solar to thermal and battery, AIG helps manage the challenging exposures of Canadian energy storage organizations.

What is Mining Insurance?

AIG’s mining insurance is designed to protect Canadian mining companies operating both domestically and internationally. This type of insurance is designed to provide comprehensive property damage and time element coverages to protect against mining industry risks. AIG Canada’s market-leading capacity and technical expertise enable it to comprehensively address the most complex challenges the mining and mineral processing industry is facing. Combined with AIG’s global network of underwriters, engineers, and claims specialists, Canadian mining companies are provided with easy access and efficient service wherever their operations may take them.

Why does your organization need Mining Insurance?

AIG has solutions for mines and associated processing for metals, minerals, and ore bodies.

What does Mining Insurance cover?

AIG has bespoke solutions while offering a one-stop shop for the mining industry with market-leading capacity. Coverage includes:

• All mining risks
• Property damage
• Business interruption
• NatCat assessment
• Special mining coverages

Additional covers and services

AIG’s coverage also includes all associated processing plants where the ore is concentrated and refined including:

• Crushing
• Conveyors
• All types of processing including furnaces
• Shipping and transportation
• Tailored coverages for Tailings
• Storage Facilities 

Additional coverage can be extended to include:

• Service interruption
• Contingent time element covering key customers and suppliers
• Ports and railroads
• Interruption by civil authority
• Other exposures unique to mining facilities

The AIG Advantage

Risk Engineering

• Provides value-added loss control services from the planning and construction phases for new construction through the operational ongoing loss control
• Risk engineers are located worldwide and conduct risk assessment surveys and loss control inspections that analyze the unique exposure associated with mining risks
• Extensive data modelling capabilities 

Multinational

• Provides clients with a global network of strong local AIG offices and top-tier local insurance partners
• Enables the handling of captive fronting and wrap-around captive programs 

Specialist Expertise

• Provides substantial underwriting, claims, and engineering expertise in all areas of the energy industry
• Delivers bespoke solutions for Canadian mining organizations’ core business and fringe exposures

What is Chemicals and Pharmaceuticals Insurance?

AIG’s Energy solutions are built specifically for Canada’s chemicals and pharmaceuticals industries. AIG Canada’s chemical and pharmaceutical experts specialize in all aspects of the segment. To help clients address their risks and mitigate exposures, AIG Energy employs a highly experienced underwriting team and dedicated risk control specialists.

Why does your organization need Chemical and Pharmaceutical Insurance?

AIG’s Energy team offers Canadian chemicals and pharmaceuticals organizations with what they need most – deep understanding of the industry and its environment and operations, as well as extensive and specialized expertise, innovative solutions, loss control capabilities, responsive claims handling, substantial insurance capacity, and a global reach.

The AIG Advantage

• Market-leading capacity
• Ability to front for large global programs including captives
• Ability to write globally
• Significant worldwide CAT capacity

Captives / Multinational Expertise

• Provides clients with world-class multinational expertise consistently and seamlessly via AIG’s global network
• Works with clients to create fronting programs to enable risk retention through a client’s own captive insurance or reinsurance company
• Enables clients to experience captive benefits by “renting” a segregated cell within one of AIG’s sponsored cell facilities
• Delivers service globally while also enabling Canadian clients to address risks with insurance and/or captive alternatives

Risk Engineering / Specialized Underwriting

• Delivers customized programs of coverages and risk engineering services tailored to protect against clients’ complex and specific industry risks, as well as property damage and business interruption
• Employs multidisciplinary property risk engineers with deep industry experience to help clients mitigate catastrophic and business interruption losses, and provide risk management assessments and best practices
• Provides highly experienced underwriting and risk engineering teams to provide customized solutions that help address Canadian energy companies’ specific and complex risks 

Claims Promise

• Advances clients up to 50% of an agreed loss estimate within 7 days – after coverage is confirmed – for property damage and repairs, clean-up costs and extra expenses 
• Supports Canadian clients with dedicated AIG property claims professionals – not a third party
• Works transparently with Canadian energy companies to enable understanding of the claims process and how AIG works to resolve issues, while also deploying energy claims specialists worldwide
• Provides Canadian clients with supportive claims expertise and guidance to help them recover from losses as soon as possible