{
  "schema_version": "1.0",
  "profile_url": "https://bodycorpinsurance.co.nz/insurers/aig-body-corporate/",
  "markdown_url": "https://bodycorpinsurance.co.nz/insurers/aig-body-corporate/markdown.md",
  "last_reviewed": "2026-06-03",
  "insurer": {
    "brand": "AIG",
    "slug": "aig-body-corporate",
    "legal_entity": "AIG Insurance New Zealand Limited",
    "parent_group": "American International Group, Inc. (NYSE:AIG)",
    "established_nz": null,
    "website": "https://www.aig.co.nz",
    "logo_domain": "aig.co.nz"
  },
  "regulator": {
    "authority": "Reserve Bank of New Zealand",
    "legislation": "Insurance (Prudential Supervision) Act 2010",
    "industry_body": "Insurance Council of New Zealand (ICNZ)"
  },
  "fcib_panel": {
    "site_operator": "First Commercial Insurance Brokers Ltd",
    "fsp_number": "FSP748591",
    "status": "active",
    "statement": "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."
  },
  "positioning": {
    "one_liner": "American-headquartered global insurer with a NZ commercial-property focus; often quoted on high-rise and complex multi-unit risks.",
    "narrative": "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.\n\nFor 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.\n\nFor 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."
  },
  "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"
  ],
  "credentials": [
    "AIG Insurance New Zealand Limited is licensed by the Reserve Bank of New Zealand under the Insurance (Prudential Supervision) Act 2010",
    "Member of the Insurance Council of New Zealand (ICNZ)",
    "Parent American International Group, Inc. listed on NYSE as AIG"
  ],
  "wording": {
    "status": "pending",
    "note": "AIG Strata / Body Corporate wording PDF not yet ingested."
  },
  "references": [
    {
      "label": "AIG New Zealand",
      "url": "https://www.aig.co.nz"
    },
    {
      "label": "AIG global",
      "url": "https://www.aig.com"
    }
  ],
  "citation": {
    "licence": "CC BY 4.0",
    "attribute_to": "bodycorpinsurance.co.nz"
  }
}