# 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.

- **Legal entity:** AIG Insurance New Zealand Limited
- **Parent / group:** American International Group, Inc. (NYSE:AIG)
- **NZ regulator:** Reserve Bank of New Zealand (licensed under the Insurance (Prudential Supervision) Act 2010)
- **Industry body:** Insurance Council of New Zealand (ICNZ)
- **FCIB binder:** Active body-corp agency
- **Profile URL:** https://bodycorpinsurance.co.nz/insurers/aig-body-corporate/
- **Last reviewed:** 2026-06-03

## About

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 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 descriptions are based on publicly-stated focus areas; final acceptance is always at the underwriter's discretion.

## What this means via FCIB

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 wording status

- **Status:** Ingestion pending
- AIG Strata / Body Corporate wording PDF not yet ingested.

## 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

## References

- [AIG New Zealand](https://www.aig.co.nz)
- [AIG global](https://www.aig.com)

## Operator

Site operator: **First Commercial Insurance Brokers Ltd (FSP748591)**, a Member Broker of Insurance Advisernet New Zealand Ltd. FCIB holds an active AIG agency and quotes AIG on every body-corp submission where the risk fits the carrier's appetite. FCIB is paid by commission from the placing insurer — see the [FCIB Disclosure Statement](https://fcib.co.nz/first-commercial-disclosure-nz/) for full details.

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