McGill and Partners and American International Group, Inc. (AIG) announced a significant strategic collaboration for the subscription market that will provide clients with seamless access to exceptional insurance solutions, backed by long-term, high-quality insurance capacity and capital.

According to the press release, as part of the initiative, AIG and McGill and Partners will leverage agentic AI capabilities to manage the deployment of capacity to clients.

Through the collaboration, AIG performed a detailed analysis of McGill and Partners’ specialty portfolio, validating its strength and quality. Based on this analysis, the company created underwriting criteria to enable real-time underwriting through McGill and Partners’ digital broking platform. As a result of this approach, AIG expects to deploy meaningful capacity of 25% across up to USD 1.6 billion of McGill and Partners Gross Premiums Written specialty portfolio.

This strategic collaboration sets a new industry benchmark and significantly evolves the model for pre-secured capacity across a diverse specialty portfolio of risk. With industry leading capabilities from AIG, McGill and Partners' brokers can focus on working with leading underwriters to develop the best possible solutions for clients. McGill and Partners’ clients will gain access to valuable long-term capacity from AIG and stability and security in an increasingly volatile risk landscape.

“This collaboration has the potential to disrupt the dynamics of the subscription market. It strengthens the value proposition of leading underwriters in the market and redefines the way capacity is positioned in the best interests of our clients. This moves beyond incremental change and repositions the way the market operates in the future”, said Steve McGill, CEO, McGill and Partners.

“The rapid evolution of AI and large language models is reshaping risk analytics, giving us the ability to continuously learn from McGill and Partners’ portfolio and deploy capacity with greater insight, discipline and speed. By using McGill and Partners’ robust data ingestion capabilities along with Palantir’s Foundry platform, we are able to evaluate their portfolio to align with our risk appetite, and over time, we see significant opportunity to deliver greater efficiency to the subscription market while giving clients easier access to high-quality insurance solutions”, commented Peter Zaffino, Chairman & Chief Executive Officer, AIG.