Senior Casualty Underwriter - Lex London
Senior Casualty Underwriter - Lex London
Apply locations London time type Full time posted on Posted Yesterday job requisition id JR2500342 For more than 50 years, Lex-London has been providing innovative insurance coverage and services to companies ranging from Fortune 100 leaders to smaller but complex risks. As a leading surplus lines insurer, we use our unique flexibility in rate and form to benefit both traditional and the most challenging risks. AIG Lex London are a leading provider of excess casualty products in the surplus lines market. Lex-London underwriters combine deep expertise with a broad appetite for risk and are empowered to deliver for our clients and brokers. Your future team: AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation. AIG’s underwriters help to find insurance solutions for risks from a range of areas including casualty, environmental, catastrophic events, and boardroom liabilities. How you will make an impact: As a Senior Underwriting Specialist you will be focused on maintaining and developing a profitable book of Excess Casualty business. This position will be responsible for analysing 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 Energy and Construction 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 Excess Casualty risk appetite and NA Casualty Value Proposition to brokers. 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 Casualty strategy. What you'll need to succeed: Significant excess casualty insurance leadership 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. 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. Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions. Enjoy benefits that take care of what matters At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development. Welcome to a culture of belonging We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). AIG provides 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.
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Apply locations London time type Full time posted on Posted Yesterday job requisition id JR2500342 For more than 50 years, Lex-London has been providing innovative insurance coverage and services to companies ranging from Fortune 100 leaders to smaller but complex risks. As a leading surplus lines insurer, we use our unique flexibility in rate and form to benefit both traditional and the most challenging risks. AIG Lex London are a leading provider of excess casualty products in the surplus lines market. Lex-London underwriters combine deep expertise with a broad appetite for risk and are empowered to deliver for our clients and brokers. Your future team: AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation. AIG’s underwriters help to find insurance solutions for risks from a range of areas including casualty, environmental, catastrophic events, and boardroom liabilities. How you will make an impact: As a Senior Underwriting Specialist you will be focused on maintaining and developing a profitable book of Excess Casualty business. This position will be responsible for analysing 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 Energy and Construction 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 Excess Casualty risk appetite and NA Casualty Value Proposition to brokers. 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 Casualty strategy. What you'll need to succeed: Significant excess casualty insurance leadership 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. 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. Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions. Enjoy benefits that take care of what matters At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development. Welcome to a culture of belonging We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). AIG provides 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.
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