Associate General Counsel at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Financial ServicesIndustries

Requirements

Juris Doctor required; U.S. state bar admission
Minimum of 6+ years of legal experience with a law firm and/or in-house counsel
Experience with (re)insurance matters and (re)insurance-related corporate transactions preferred
Ability to manage multiple projects and assignments in a fast paced environment
Ability to work collaboratively with peers and internal clients across a global organization as well as independently

Responsibilities

Negotiating the legal aspects of GI’s ceded reinsurance treaty programs globally across all property and casualty business lines
Advising on reinsurance-related aspects of strategic transactions at AIG, including M&A, capital markets and insurance-linked securities (ILS) matters
Advising multiple business units on ceded and assumed facultative reinsurance transactions
Analyzing the contractual aspects of internal reinsurance arrangements within AIG
Working with AIG’s Multinational business, operational and legal teams to structure and implement the reinsurance aspects of complex multinational programs around the world
Drafting and negotiating reinsurance and collateral documentation to implement captive reinsurance programs globally
Working closely with AIG attorneys around the world to address legal, regulatory and compliance issues of all types related to reinsurance matters
Overseeing and managing reinsurance disputes and claims issues

Skills

Key technologies and capabilities for this role

ReinsuranceCeded ReinsuranceAssumed ReinsuranceTreaty NegotiationContract NegotiationInsurance LawRegulatory ComplianceLegal AdvisoryTransactional LawRisk Management

Questions & Answers

Common questions about this position

What education and experience are required for the Associate General Counsel role?

A Juris Doctor is required along with U.S. state bar admission and a minimum of 6+ years of legal experience.

What are the main responsibilities of this position?

Responsibilities include negotiating ceded reinsurance treaty programs globally, advising on strategic transactions like M&A and ILS, handling facultative reinsurance, analyzing internal arrangements, structuring multinational programs, drafting documentation for captive programs, addressing legal issues worldwide, and overseeing reinsurance disputes.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What qualities make a strong candidate for this role?

A strong candidate is a respected leader with deep technical expertise, the ability to oversee programs, balance multiple stakeholders and priorities, take ownership of key outcomes, and interact directly with senior business leaders.

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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