Casualty Construction Underwriter
AIG
London
2 months ago

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

Casualty Construction Underwriter

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

General Insurance is a leading provider of insurance products and services for commercial
and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through
a diversified, multichannel distribution network.

About the role

What you need to know:

  • Ensure that AIG procedures are consistently implemented.
  • Maintain AIG standards and service levels.
  • Prepare bespoke policy documentation for review by Senior Underwriters.
  • Maintain focus on industry practices, developments and pricing.
  • Produce accurate and timely management information for senior management.
  • Underwrite and service risks to an acceptable AIG standard.
  • Develop a profitable book of business through a selection of brokers.
  • Make informed underwriting decisions within the authority delegated.
  • Produce files for Self-Audits to the agreed AIG Casualty standards.
  • Implement the London Casualty strategy & processes.
  • Build on the Company profile in the market.
  • Work with other areas in Casualty/AIG to achieve corporate objectives.
  • Work within AIG Casualty Best Practices and underwriting guidelines.
  • Comply with key regulatory and risk management responsibilities.
  • Carry out accountabilities & objectives within the framework of AIG’s TCF.
  • Liaise with AIG service centres (e.g. policy issuance unit, multinational team, major accounts practice service team).
  • Implement AIG underwriting policies, practices and procedures.
  • Help the team to achieve London Casualty budget and profitability goals by being part of an effective underwriting process.
  • Ensure that AIG customers are treated fairly in accordance with AIG standards and maintain high service levels to both internal and external customers.

    What we’re looking for:

  • Ideally ACII qualified or working towards (or equivalent).
  • Proficient knowledge of Casualty underwriting principles and practice.
  • Basic knowledge of Liability products.
  • Proficient knowledge of key regulatory requirements.
  • Proven general underwriting experience, preferably in Casualty and/or Construction lines.
  • Good risk analysis and technical skills.
  • Ability to build relationships with brokers and senior management.
  • Good communication skills.
  • Strong organisational skills with an ability to prioritise workload.
  • Proven ability to work within a team framework.
  • Ability to influence others to develop business, negotiate agreement or influence regional management to support decisions and actions.
  • Takes personal responsibility for career development.
  • Self-motivated and uses own initiative for both internal and external issues.
  • Ability to maintain a flexible approach and adapt rapidly to changing work environments.
  • Possess a basic understanding of the broker and client operational environment.

A look at our benefits

At AIG, we have a 100-year legacy of working to make the world a better place. And that begins with our employees. We’re 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.