American European Insurance Group
American European Insurance Group is a privately held regional property and casualty insurer founded in 1986, writing commercial and personal lines through approximately 300 independent agents across Mid-Atlantic and New England states via its AEIC and Rutgers Casualty carriers.
- Company typePrivate
- Founded1986
- HeadquartersCherry Hill, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What American European Insurance Group does
American European Insurance Group, Inc. (AEIG) is a privately held regional property and casualty insurance carrier founded in 1986 and headquartered in Cherry Hill, New Jersey. The company writes commercial and personal P&C coverage through a network of approximately 300 independent retail agents distributed across seven Mid-Atlantic and New England states, with stated active or planned presence in up to 11 states including New Jersey, New York, Pennsylvania, Maryland, Massachusetts, New Hampshire, Rhode Island, Delaware, Vermont, Maine, Michigan, and the planned-entry states of Texas, Tennessee, and Virginia. AEIG operates through a holding structure: the parent American European Group, Inc. owns two New Hampshire-domiciled insurance carriers — American European Insurance Company (AEIC) and Rutgers Casualty Insurance Company — and two New York-domiciled general agencies — AE Underwriters Agency, Inc. and AE Specialty, Inc. The company is led by Executive Chairman Nachum J. Stein and President & CEO Steve Hartman, with key executives including CFO April Su and Chief Actuarial Officer Richard Seward.
AEIG's product portfolio covers over 500 eligible commercial business classes, including habitational properties, commercial office and mixed-use buildings, retail, pharmacies, religious institutions, wholesale distributors, and a specialized Skillpac Artisan Contractor Program for small trade contractors with minimum premiums as low as $750. Personal lines include homeowners (HO3/HO5), condominium owners (HO6), and renters (HO4) coverage, plus add-on products such as cyber protection, inland marine, and equipment breakdown. The underlying technology stack is built on Majesco P&C Core Suite on Majesco CloudInsurer (implemented 2021), with a web-based Agency Link agent portal for automated quoting, binding, and policy issuance, an Insured Portal for policyholders, and Vertafore PL Rating integration for rate access. In March 2026, AEIG adopted ZestyAI's computer vision and machine learning risk evaluation platform for individual structure-level underwriting.
Revenue is generated through P&C insurance premiums collected from policyholders, with independent agents earning commissions and contingent profit commission arrangements on policies placed. AEIG maintains a selective agency distribution strategy — deliberately maintaining fewer agency appointments than competitors — and emphasizes direct in-house underwriter access, in-house claims adjusters, and customizable coverage across its 500+ business classes. No revenue, premium volume, or growth rate figures are publicly disclosed.
American European Insurance Group firmographics
Firmographics- Name
- American European Insurance Group
- Legal name
- American European Insurance Group, Inc.
- Website
- https://aeiginsurance.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- American European Insurance Group is a privately held regional property and casualty insurer founded in 1986, writing commercial and personal lines through approximately 300 independent agents across Mid-Atlantic and New England states via its AEIC and Rutgers Casualty carriers.
- Ownership category
- akta.pro rank
American European Insurance Group industry classification
Industry- Product category
- Property & Casualty Insurance
- NAICS
- Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Other Insurance Related Activities (52429)
- SIC
- Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Large Commercial Package (National Accounts) (FSAJAFAC)
Keywords
Where American European Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Cherry Hill
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
American European Insurance Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Marketing or Sales, Personnel, Operations, Technology or R&D, Others
Revenue model
- Property and Casualty Insurance Premiums: AEIG generates revenue through insurance premiums collected from policyholders across commercial and personal lines. Products are distributed exclusively through independent insurance agents who earn commissions on policies sold.
- Agent Commissions and Contingent Profit Commissions: Independent agents earn competitive commissions and attractive contingent profit commission arrangements for placing business with AEIG.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Skillpac Artisan Contractor Program minimum premium |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
American European Insurance Group product offering
Product offeringCore offering
American European Insurance Group (AEIG) underwrites and distributes commercial and personal property and casualty insurance products through a select network of approximately 300 independent insurance agents across the Northeast, New England, and Mid-Atlantic regions. The company serves more than 500 classes of business with specialized programs such as the Skillpac Artisan Contractor Program, commercial package policies, homeowners, condominium, and renters insurance, leveraging Majesco's cloud-based core platform and AI-driven risk evaluation tools.
Product overview
American European Insurance Group (AEIG) is a regional property and casualty insurance company offering commercial and personal P&C coverage through independent agents. The company operates through four subsidiary entities: American European Insurance Company (AEIC) and Rutgers Casualty Insurance Company (which serve as insurance carriers), plus AE Underwriters Agency, Inc. and AE Specialty, Inc. (general agencies). AEIG's product portfolio spans personal insurance (homeowners HO3/HO5, condominium HO6, renters HO4) and commercial insurance (general liability, commercial property, inland marine, artisan contractor programs). Technology infrastructure includes Majesco P&C Core Suite on CloudInsurer, the Agency Link agent interface for automated policy processing, and PL Rating integration via Vertafore for rate access. In 2026, AEIG partnered with ZestyAI to deploy AI-powered property risk evaluation models (Z-WATER, Z-HAIL, Z-WIND, Z-PROPERTY, Roof Age, Z-ESTA) for underwriting enhancement. Coverage is distributed across 11 states including New Jersey, New York, Pennsylvania, Maryland, Massachusetts, New Hampshire, Rhode Island, Nevada, Arizona, Vermont, Maine, Michigan, and Delaware.
Differentiator
Problem solved
Functional benefit
Brands
- Skillpac Artisan Contractor Program: AEIG's Skillpac Artisan Contractor program tailored for small trade contractor clients with minimum premiums as low as $750.
Products and services
- Commercial Package Insurance Customized commercial insurance package combining general liability, property, crime, and inland marine coverage. Covers business classes including apartments, condos, retail, mixed occupancy, office buildings, restaurants, religious institutions, contractor offices, and light manufacturing/distributors. Targeted at small to mid-size commercial accounts.
- Skillpac Artisan Contractor Program Specialized insurance program tailored for small artisan trade contractors (HVAC, carpentry, masonry, electrical, painting, plumbing, landscape gardening) with minimum premiums as low as $750. Includes general liability limits of $1,000,000/$2,000,000 with umbrella up to $5,000,000. Features fully automated quoting, binding, and issuance via the Agency Link agent interface.
- Homeowners Insurance HO3 and HO5 homeowners policies providing coverage for direct physical loss to home and other structures, including additional living expenses, liability coverage, and medical payments to others. Available with optional endorsements such as Elite Protection, Equipment Breakdown, Identity Theft Recovery, Refrigerated Products, and Water Back-up. For individual homeowners in NY, NJ, and other licensed states.
- Condominium Owners Insurance HO6 condominium owner policies providing coverage for damage within the walls of the unit and liability coverage for injuries occurring within the unit. For individual condominium owners.
- Renters Insurance HO4 renters insurance policies providing coverage for contents and personal liability exposure for persons renting apartments or homes. For individual renters.
- Commercial Inland Marine Insurance Coverage protecting business property while in transit by land or sea. Covers accounts receivables, valuable papers, commercial articles, signs, and contractor tools and equipment. For commercial businesses requiring transit and specialized property coverage.
Companies that use American European Insurance Group
Customer profileSegments4 records
Ideal customer profiles4 records
American European Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature1 record
American European Insurance Group partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- ZestyAIcoreZestyAI partnered with AEIG to deploy its AI-powered property risk evaluation platform across AEIG's multi-state portfolio. AEIG adopted a broader suite including Z-WATER, Z-HAIL, Z-WIND and Z-PROPERTY models. The platform applies computer vision and machine learning to aerial imagery, building permits and verified property data to evaluate risk at individual structure level, helping carriers refine underwriting decisions and improve pricing alignment. AEIG's portfolio spans New Jersey, New York, Pennsylvania, Maryland, Massachusetts, New Hampshire, Rhode Island, Nevada and Arizona.
- Vertafore (PL Rating)coreAEIG's New Jersey homeowner's rates became available on PL Rating from Vertafore, enabling automated access to AEIG's rates for agent partners. This followed the initial launch in New York. PL Rating integration provides streamlined quoting workflow for agents writing homeowners business.
- MajescocoreAmerican European Insurance Group selected Majesco P&C Core Suite on Majesco CloudInsurer to replace legacy solutions and modernize business operations to support growth strategy. The implementation supports all lines of business. Majesco provides technology, expertise and leadership for insurance business transformation with platforms connecting people and businesses to insurance.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
American European Insurance Group competitors and assessment
Company assessmentDirect peers
- Donegal Group: Regional P&C holding company serving the Mid-Atlantic and Midwest through independent agents. Comparable size, regional footprint, and independent-agent distribution model.
- NJM Insurance Group: Mutual P&C carrier with deep roots in New Jersey and the Mid-Atlantic writing personal and commercial lines. Similar geographic concentration and small-to-mid commercial focus.
- Plymouth Rock Assurance: Northeast-focused P&C carrier writing personal lines (homeowners, auto) and small commercial through independent agents. Highly comparable Northeast concentration and agent distribution.
- Selective Insurance Group: Super-regional P&C carrier writing commercial and personal lines through independent agents across the Mid-Atlantic and Northeast. Closely comparable in distribution model, geographic focus, and product mix to AEIG.
- Erie Indemnity: Regional P&C carrier serving the Northeast and Mid-Atlantic through a captive and independent agent network. Comparable regional focus and small-commercial appetite.
- Cincinnati Financial: Regional P&C carrier selling exclusively through independent agents across the Midwest, Mid-Atlantic, and South. Comparable selective-agency strategy and broad commercial class appetite.
Broad incumbents
- The Hartford: Large P&C insurer with a major small-commercial book and independent agent distribution. Overlaps with AEIG's small-commercial and artisan contractor focus but at significantly greater scale.
- Hanover Insurance Group: National P&C carrier with strong regional presence in the Northeast and Mid-Atlantic. Operates in the same geographies as AEIG but at materially larger scale and with broader product breadth.
Emerging players
- Homesite Insurance: Direct and partner-channel homeowners specialist that competes for the same Northeast coastal homeowners business AEIG writes through Rutgers Casualty.
Regional players
- Encova Mutual Insurance (formerly Motorists Insurance Group): Regional mutual P&C carrier with commercial and personal lines distributed through independent agents. Comparable selective distribution philosophy though concentrated in the Midwest and Mid-Atlantic.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
American European Insurance Group social profiles
Digital presenceAmerican European Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
American European Insurance Group leadership team
Management profileNumber of profiles
Profiles6 records
American European Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries4 records
American European Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
American European Insurance Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about American European Insurance Group
What does American European Insurance Group do?
American European Insurance Group (AEIG) underwrites and distributes commercial and personal property and casualty insurance products through a select network of approximately 300 independent insurance agents across the Northeast, New England, and Mid-Atlantic regions. The company serves more than 500 classes of business with specialized programs such as the Skillpac Artisan Contractor Program, commercial package policies, homeowners, condominium, and renters insurance, leveraging Majesco's cloud-based core platform and AI-driven risk evaluation tools.
Is American European Insurance Group a public or private company?
American European Insurance Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was American European Insurance Group founded?
American European Insurance Group was founded in 1986. It employs 101 to 250 people.
Where is American European Insurance Group based?
American European Insurance Group is headquartered in Cherry Hill, United States, in the North America region.
How does American European Insurance Group make money?
Two revenue lines are on record. Property and Casualty Insurance Premiums are the primary driver. The others are agent Commissions and Contingent Profit Commissions.
Who are American European Insurance Group's main competitors?
Direct peers on record are Donegal Group, NJM Insurance Group, Plymouth Rock Assurance, Selective Insurance Group, Erie Indemnity and Cincinnati Financial. Broad incumbents are The Hartford and Hanover Insurance Group. Homesite Insurance is listed as an emerging player. Encova Mutual Insurance (formerly Motorists Insurance Group) is listed as a regional player.
Does American European Insurance Group have an API?
No public API is recorded for American European Insurance Group.
What industry is American European Insurance Group in?
American European Insurance Group's product category is Property & Casualty Insurance. Its primary akta.pro industry code is FSAJAFAC, Large Commercial Package (National Accounts). Its NAICS code is 5241 and its SIC code is 6399.