AIG vs Beazley: How Do They Compare for Business Insurance?

AIG’s Surplus Lines section says its commercial insurance solutions serve small, middle-market, and large enterprises. The same section separately describes Lexington Casualty as an experienced excess-and-surplus-lines casualty provider; it does not explicitly assign all three customer-size segments to Lexington Casualty. ³Company-reportedAIG’s published Surplus Lines section; customer-size statement and Lexington Casualty description are adjacent but not explicitly attributed to the same business. This does not establish a provider-wide customer focus or product-specific issuer.

Small technology and business-services companies can consider MediaTech; digital-health buyers can look at Virtual Care, while Beazley’s Life Sciences offering targets middle and large organizations. ^16,28,29Company-reportedProduct-specific audiences; funding stage is not an eligibility criterion established by these sources.

Beazley’s audience is tied to particular products: MediaTech for smaller technology and business-services firms, with separate audiences for digital health and life sciences. AIG’s cited size statement does not assign all three segments to Lexington Casualty or show which product would serve a specific company. Ask each producer to identify the product and eligibility criteria for your business rather than comparing the broad AIG statement with Beazley’s full company catalogue. ^16 3

AIG lists a North America myAIG portal for brokers and agents to access loss runs, policy documents, applications, and tools, and a separate U.S. portal for producer appointment requests. The public pages do not establish that a business can complete an online purchase or bind coverage directly. ⁴Company-reportedPublicly listed North America broker/agent portal functions and U.S. producer appointment requests. Authenticated workflow and product-specific submission or binding steps were not reviewed.

Prepare company services, products, employee count, US and foreign revenue, financial statements and expected changes for a MediaTech application; Beazley accepts placement through third-party platforms or email, but submission is not acceptance or binding. ^16,17Company-reportedPublished small-business placement description and F00859 042022; no application submitted or binding time tested.

Beazley accepts MediaTech placement through third-party platforms or email and requests company, product, employee and revenue information; submitting is not acceptance or binding. AIG’s public portal page describes tools for brokers and agents, but does not show the authenticated submission or binding steps for a product. Ask what documents each producer needs and who can bind after underwriting. ^17 4

AIG says insureds and brokers can report primary property or casualty claims online for Auto Liability, General Liability, Property, and Aerospace, attach documents, and track adjuster assignment and claim closure. AIG says options vary by line and country. ⁵Company-reportedAIG's stated IntelliRisk claim portal functions for named primary property/casualty lines. This does not describe every commercial line, claim outcome, or policy obligation.

Keep the policy’s own notice instructions handy: Beazley provides a notice-of-loss form and US claims email, but those channels do not promise handling quality or establish that a loss is covered. ²³Company-reportedPublic US notice channels; no claim submitted or outcomes independently assessed.

AIG describes online reporting and tracking for named primary property and casualty lines. Beazley publishes a notice-of-loss form and U.S. claims email; those channels do not promise handling quality or establish coverage. The buyer consequence is practical: save the correct contact for the policy and confirm reporting deadlines before a claim occurs. ^5 23

AIG says its companies compensate brokers and independent agents with commissions set at policy purchase, renewal, placement, or servicing, and may also pay contingent compensation. Specific compensation varies; the disclosure directs buyers to their broker or agent for policy-specific information. ⁶Company-reportedAIG's disclosure for business placed by brokers and independent agents with U.S. AIG offices issuing policies in the United States and territories for specified lines; its ranges describe business written in 2024 and exclude stated categories. Not a statement of any buyer's commission or total insurance cost.

Request an itemized premium and broker compensation disclosure because reviewed MediaTech materials do not publish a buyer-specific price, commission rate or fee schedule. ^16,17,21Not publicly disclosedScoped review of public MediaTech purchase materials, not all Beazley group compensation arrangements.

AIG’s disclosed commissions and possible contingent compensation are scoped to specified U.S. business written in 2024; Beazley’s reviewed MediaTech materials do not publish a buyer-specific price, commission rate or fee schedule. Neither disclosure determines your total cost. Ask the placing producer for any commission, service fee and buyer-paid charge attached to the quote. ^6 16 17

• –What product and named insurer would AIG propose for your company, and does the product match the risk and state? The AIG size statement alone does not establish an issuer or eligibility. ^2 3
• –For Beazley MediaTech, which current policy form, limits, retention and reporting deadline would apply? The public application is not a quote or proof of acceptance. ¹⁷
• –For each placement, who may bind it, what does the producer receive, and what commissions or fees apply to your account? ^6 21