VP, Ceded Reinsurance (In Force), AIG Life and Retirement
Posted on: 17 Jan 2021
New York City, New York
Job Description
The position focuses on managing the In-force reinsured portfolio and managing relationships with all reinsurers. Ceded Re group is also responsible for representing AIGs interests with major stakeholders both internally and externally with industry groups, reinsurers, government and regulatory bodies, and various L&R stakeholders.
VP Ceded Reinsurance (In Force) will focus on:
Managing performance of existing reinsurance transactions (including Fortitude Re)
Tracking performance of ceded business on gross and net basis
Evaluating experience to define implications for future performance
Providing oversight on settlements, data flows and any operational needs
Ensuring performance within the standards defined within the Reinsurance Agreements
Maintaining relationships with key stakeholders within L&R with regular review of business results with the P&L owners
Exploring options for restructuring or changes to existing arrangements to align with strategic priorities
Actively participating in the revenue/budget process with L&R Business Unit CFOs where reinsurance relationships are in place
Establishing and maintaining relationships with current L&R reinsurers
Ensuring compliance with relevant legal and statutory requirements, meeting principles of sound corporate governance and environmental, health, safety and quality standards
Qualifications:
7+ years related experience with the ability to deal with complex accounts
Deep subject matter expertise in Life Insurance Products required
Retirement Product expertise preferred
Significant reinsurance structuring and transactions expertise
Proven experience developing and executing multi-year roadmaps
Maintain market relationships in order to identify and facilitate placement and resolve issues
Strong knowledge of the relevant reinsurer marketplace, including alternate solutions
Bachelors Degree required. Masters Degree and/or other insurance designations such as ASA/FSA, CERA, CPCU, or ARM preferred.
Clear and accessible communicator, influencer, and facilitator
Position reports to Managing Director, Ceded Reinsurance, AIG Life and Retirement
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
Functional Area:
RE - Reinsurance
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
American General Life Insurance Company
AIG
New York, New York
American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
It also provides professional liability insurance products for a range of businesses and risks, including directors and officer’s liability, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products.
Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, fixed annuities, and variable annuities, as well as individual annuity and investment products, and financial planning and advisory services; and term life and universal life insurance. This segment also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, wirehouses, and broker-dealers. The company’s Legacy Portfolio segment offers legacy insurance products. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.
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IndustryInsurance
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No. of Employees49,600
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Website
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Jobs Posted661
