Senior Underwriter - Lex Property

Your future teamAIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIG’s underwriters help to find insurance solutions for risks from a range of areas including life insurance, aviation, financial lines, casualty, environmental, catastrophic events, high net worth individuals, and boardroom liabilities.

Your contribution at AIG:

The quality of Senior Leadership is a defining factor for a company’s success. Senior Leaders are responsible for developing business strategies and/or translating those strategies into meaningful outcomes and ultimately, business results. As a Senior Leader, you reach across geographical and functional boundaries to create alliances that further the organization’s objectives and market position. Your deep and broad industry knowledge allows you to foresee external conditions that could potentially affect AIG’s future.

Senior Underwriter Responsibilities:

As a Senior Underwriting Specialist you will be focused on maintaining and developing a profitable book of US Property business.  This position will be responsible for analyzing and evaluating risks, recommending, or deciding to accept, reject, or modify risks and coverage conditions within limits of delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives. These duties and responsibilities will include:

Focus on US Property business underwritten from the London Market.

This level underwriter typically performs highly technical complex assignments within area of expertise.

Provides technical direction to management, less senior specialists, producers, and claims adjusting personnel.

Communicate US Property risk appetite and NA Property Value Proposition to brokers and clients.

Accepts, declines, or modifies new and renewal submissions submitted by brokers. Identifies exposures and analysis required to underwrite an account, as well as the coverage policies, and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions. Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals. Establishes new business production goals and submission flow relative to the book of business.

Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers while soliciting customer/producer input for improving and enhancing service.

Develops and implements pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and NA Property strategy.

May review, evaluate and recommend modifications to underwriting guidelines.

Participate in special underwriting projects as needed.

Develop strong, long-term relationships with brokers and clients to profitably grow a book of business.

Provide superior customer service to brokers and clients.

May draft manuscript endorsements that are particular to an underwriting exposure(s) for approval by legal.

May be responsible for assigning and managing the work of a team of underwriters while providing guidance.

What we are looking for Significant US Property insurance leadership experience is highly advantageous but we would consider individuals with extensive UK or international experience

Knowledge of market segmentation, portfolio management, acquisition and distribution

Established strong relationships with customers and intermediaries

Demonstrated business savvy, analytical and quantitative skills

Expert technical underwriting background

Strong problem solving and conflict resolution experience

Analytical and quantitative skills.

Demonstrated sales, marketing, and relationship building experience.

Candidate should be positive, energetic, self-motivated; possess strong interpersonal, communication and presentation skills; be well-organized, and have strong negotiating skills.

Knowledge of market segmentation,…