AMERICAN CONTRACTORS INSURANCE GROUP LTD. (together with its subsidiaries, referred to as the “ACIG”) writes insurance policies and provides related services to the construction industry. The policies cover workers compensation, general liability, automobile liability and subcontractor/supplier default exposures. The services include underwriting, supervision of claims, policy filings and issuance, loss and quality control, engineering services and brokerage placements.
The business was commenced in 1981 under the name of “American Risk Transfer Insurance Co. Ltd.” It was formed by a select group of larger U.S. contractors. Today, it issues all of its liability and indemnity primary policies. Its workers compensation company (currently licensed in 49 states as well as the District of Columbia) writes substantially all of the workers compensation coverages that it issues.