Senior Underwriting Specialist
Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
AIGs underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIGs tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIGs underwriters help to find insurance solutions for risks from a range of areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients and High Net Worth individuals.
About the role
Your future team
Lexington Insurance Company, a leading U.S. based Excess and Surplus Lines company, is strengthening our leadership position in the E&S market. We are the home of specialized underwriters, addressing the most challenging risks in the market, providing thought leadership and innovative solutions, supported by Claims and Operational expertise, all working together to solve our clients needs as quickly as possible.
The key responsibilities of this position are as follows:
The Senior Underwriting Specialist must be able to illustrate the highest levels of technical proficiency and underwriting acumen combined with marketing and sales skills to meet production underwriting goals while maintaining budgeted loss and expense ratios. Candidates are expected to work effectively in a team environment to develop broker and portfolio strategies in addition to working independently to manage a profitable book of new and renewal business. The Head of Property for the Zone will rely heavily on this position to assist in guiding, mentoring and training more junior members of the team, as well as to assist in planning and budgeting, collaboration across AIG divisions and building a culture of diversity and inclusion across the team.
* Underwrite risks to maintain and profitably grow our E&S portfolio across our desired business segments.
* Collaborate with colleagues internally and be reliably visible to our wholesale trading partners.
* Review and negotiate manuscript form wordings and coverages.
* Act as a senior mentor to train and guide other members of the team within the Zone
What we are looking for
* An Insurance professional with a minimum 7+ years' experience in Commercial Property E&S underwriting.
* The candidate must have the ability to underwrite property risks across the spectrum of E&S Property business while helping to set direction for your team and maintaining a balanced portfolio across both primary and excess placements.
* Position requires ability to underwrite 100%, primary/shared and layered, and excess structures.
* A strong understanding of current market conditions, ability to quickly make decisions and turn around quotes and manage multiple prospects at one time are essential.
* As a member of the senior leadership within Lexington, take on responsibilities beyond everyday management and underwriting, including mentoring, collaboration within the Zone across business divisions and driving a diverse and inclusive culture.
* Must be able to work with regional Property leadership peers in order to continue to build a nationally renowned team and culture for Lexington.
A look at our benefits (For U.S. and UK only)
At AIG, we have a 100-year legacy of working to make the world a better place. And that begins with our employees. Were proud to offer a range of employee benefits and resources that help you protect what matters most your health care, savings, financial protection, and wellbeing. We provide a variety of leaves for personal, health, family, and military needs. For example, the Giving Back program allows you to take up to 16 hours a year to volunteer in your community.
We also believe in fostering our employees development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a tuition reimbursement program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer
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.
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:
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Lexington Specialty Insurance Agency, Inc.
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.