Assistant General Counsel (Commercial Lines) at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

A qualified lawyer in good standing with a minimum 5-7 years of legal experience with a major law firm or a global insurer
Familiarity with property and casualty insurance products, including commercial property, casualty, SME and/or financial lines; the business of insurance and insurance regulation
Strong organizational skills
Ability to be a self-starter and work independently
Demonstrated ability to work in a fast-paced environment with a strong focus on collaboration

Responsibilities

Provide comprehensive legal support to AIG’s commercial lines businesses and assist them in executing on compliant strategies to achieve their business objectives
Coordinate with the Centres of Expertise in GLCR with respect to regulatory, governance, employment, litigation, reinsurance, product underwriting, compliance, data/digital, and all other areas covered by a COE as issues in those areas arise in the UK
Anticipate and advise on a wide variety of legal risks associated with AIG’s UK-based commercial operations
Draft and review various types of agreements, including Delegated Underwriting Authority, Broker Engagement, Facility, and Claims Handling Agreements
Advise on product-related legal matters, including ensuring compliance with legal and regulatory requirements
Provide advice on agency and other distribution issues, remuneration structures and associated areas of law

Skills

Contract Drafting

Agreement Review

Regulatory Compliance

Legal Risk Assessment

Insurance Law

Reinsurance

Product Compliance

Distribution Agreements

Broker Agreements

Claims Handling Agreements

Delegated Underwriting Authority

Employment Law

Litigation Advice

Data Privacy

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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