United States Aircraft Insurance Group (USAIG)
Definition - What does United States Aircraft Insurance Group (USAIG) mean?
The United States Aircraft Insurance Group (USAIG) is a global pool of highly rated and acclaimed international companies engaged in the business of providing insurance and reinsurance services to industries involved in aviation and aerospace. The pool's member firms all carry much-coveted ratings of A to A++ from A.M. Best and other top global rating bureaus. Since 1928, USAIG has provided services to the aviation industry and is now a leading worldwide provider.
Insuranceopedia explains United States Aircraft Insurance Group (USAIG)
The United States Aviation Underwriters (USAU) professionally manages the insurance pool and underwriters on behalf of the member companies. The role of USAU includes the selection, rating, appraisal and issuance of policies as well as the evaluation and handling of claims. The organizational and operational structures of USAIG have enabled the pool to remain as the best provider of aviation insurance and reinsurance services anywhere in the world.