AIG body corporate insurance — NZ panel profile
American-headquartered global insurer with a NZ commercial-property focus; often quoted on high-rise and complex multi-unit risks.
About AIG as a NZ body-corp insurer
AIG Insurance New Zealand Limited is a wholly-owned subsidiary of American International Group, Inc. (NYSE:AIG), the global insurance group headquartered in New York. The NZ entity is licensed by the Reserve Bank of New Zealand as a non-life insurer under the Insurance (Prudential Supervision) Act 2010 and is a member of the Insurance Council of New Zealand.
For body corporate insurance in New Zealand, AIG is regularly quoted on the technical end of the commercial-strata market — particularly high-rise apartment buildings, mixed-use central-city developments, and risks where the international AIG technical-property capability is useful (e.g. specific cladding types, complex risk-management requirements, very large sum-insured concentrations). AIG distributes through brokers only.
For a NZ body corporate committee, AIG quoting typically means the building has the technical features that match AIG's publicly-stated NZ property appetite — multi-storey, central-city, complex MEP services, or large sum-insured aggregates. Standard-construction townhouse complexes are typically quoted by other panel insurers; AIG's value-add is on the more technically-underwritten end of the market.
Publicly-known AIG body-corp appetite
- High-rise and multi-storey apartment buildings
- Mixed-use central-city developments
- Large sum-insured aggregates (typically $20M+)
- Risks where international technical-property capability is useful
Appetite is descriptive only — based on publicly-stated focus areas. Final acceptance is always at the underwriter's discretion. FCIB confirms appetite per submission before quoting.
FCIB panel positionWhat this means for your body corporate
FCIB holds an active AIG agency. AIG is quoted on FCIB body-corp submissions where the risk profile fits AIG's technical-property appetite — generally larger and more complex buildings.
Policy wordingAIG body-corp wording (clauses & exclusions)
AIG Strata / Body Corporate wording PDF not yet ingested.
FCIB will provide the current binding wording on placement. For pre-bind clause questions, request the latest PDS via the quote form — we forward it on placement.