Head of Marine Hull and Liability North America 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

InsuranceIndustries

Requirements

Strategic orientation, managing vision and purpose, developing organizational capability
Talent assessment and development for bench strength and succession planning
Proven collaborative leadership skills
Strong influencing and communications skills and ability to work across multiple areas of company and industries
Change management and team leadership
External thought leadership
10 years of Marine experience
Deep expertise in Marine Liability, with expert technical underwriting background of large and complex risks
Broad based insurance industry experience
Experience leading a product/region and managing a team
Knowledge of market segmentation, portfolio management, acquisition and distribution
Process and system skills

Responsibilities

Manages all Marine hull and liability underwriting within North America and establishes, implements, and evaluates the production and profitability goals
Direct accountability for the business results with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business
In partnership with the Senior Managers, drive and execute the long term business strategy for the US including all accounts for product accounts
Serve as a technical expert, exercising technical authority with regards to major or multiple insurance product line(s) within Marine
Be an educator of risk for the product and knowledgeable of market conditions, trends, and opportunities. Lead strategic product discussions with brokers and be the senior referral point for complex risks
Manage annual budget process as well as monthly forecasts for a major or multiple insurance product line(s) within Marine
Oversee underwriting staff including managing and evaluating work; makes decisions regarding pay, performance management, development, employment, and staffing
In collaboration with the Senior Managers, Head of Marine and HR, implement tools and strategies to attract and retain top industry talent and develop high performing teams
Identify areas/positions within the US that lack sufficient bench strength, and employees who require additional skills to fill those needs; develop and execute development/training/recruiting platforms/plans to address the deficiencies
Establish strong relationships with all members of the leadership teams; create mutual understanding of overall parameters and goals to drive effective execution of business model
Interact with all levels of Insurance community
Drive a culture that promotes collaboration, diversity, and inclusion
Establish the operational direction for the US to ensure efficiencies coincide with growth objectives
Ensures the required standards of governance, systems and controls, and regulatory compliance are established and maintained

Skills

Marine Hull Underwriting

Liability Underwriting

Underwriting Strategy

Risk Management

Team Leadership

Business Strategy

Profitability Analysis

Budget Management

Broker Relations

Market Analysis

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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