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AIG continues to partner with Steadfast as they expand in Asia

With a track record of success in Australasia, AIG is once again delighted to partner with Steadfast as they expand in Asia to further strengthen our ties and provide the Steadfast network brokers our enduring and reliable support.

Steadfast Group ('Steadfast') is the largest general insurance broking network in Australasia with over 370 insurance brokerages represented in over 1,200 offices across Australia and New Zealand. Steadfast is AIG’s Number 1 insurance provider in Australia with a highly profitable combined GPW of AUD 655 million in 2017. In New Zealand, the combined GPW for 2017 registered a very strong NZD 11.5 million. On the commercial insurance front, a significant portion of the GPW is attributed to SME, Financial Lines and Liabilities business.

Now that it has arrived in Singapore, we want to continue to be its most trusted insurance provider and bring our global capabilities to our clients to address the specific needs of Singapore businesses.

AIG - Steadfast Partnership at a Glance

Steadfast expanded in Asia at the tail end of 2016, and by Q3 of 2017 had identified Singapore as a key distribution and services hub.

Download the AIG - Steadfast Partnership at a Glance to learn more about our relationship and how we continue to provide the Steadfast network brokers our enduring and reliable support.

Exclusive Insurance Policies for our Steadfast Network Partner

The General and Product Liability Insurance cover is designed to address the costs of the Insured’s legal liability arising out of accidents, injuries, and property damage sustained by third parties.

 

Companies of different sizes and industries need sound liability coverage against these traditional exposures.

The Professional Indemnnity Insurance covers professionals for their legal liability arising from their expert advice or errors and omissions on the services they provide. Certain types of claims made against them by third parties under civil law. It provides financial coverage to meet the costs of defending legal actions and payable damages.

SME Business insurance Package from AIG is a comprehensive multiline insurance solution that can be tailored to meet the needs of your small business customers.

 

AIG provides fast and easy insurance solutions for over 1,500+ different business occupations.

 

Our commitment to the Singapore market

Offering best in class policies that provide broad coverage and exclusive wordings, we are committed to support our Steadfast network brokers in Singapore to ensure the most successful outcome.

Dedicated teams by line of business

Our underwriters are equipped with strong technical knowledge of the market and is able to swiftly respond to requirements and insurance related inquiries

  • Liabilities. We have the largest Liabilities underwriting team with capacity up to S$70 million depending on the nature of business.
  • Financial Lines. Our portfolio grows by approximately US$25 million eyarly from Professional Indemnity alone, with capacity of up to US$75 million.
  • SME. Our SME Business Insurance Package includes multi-product umbrella coverage simplified under one policy document.

 

Broad appetite

Prepared to look at submissions for all industries, we designed our wordings to ensure that they sufficiently address the challenges faced by local business in the local environment

 

Claims Promise

We are committed to helping our clients get back on their feet as quickly as possible.

For Property Claims, once the coverage is confirmed, we promise to provide our client with immediate working funds of 50% of our share or agreed estimate within seven days

 

For inquiries, contact us today and we'll connect you with one of our experts.