Senior Production Specialist, Excess & Surplus Lines at AIG

Scottsdale, Arizona, United States

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Surplus LinesIndustries

Requirements

  • High level of technical proficiency and underwriting acumen combined with marketing and sales skills
  • Ability to underwrite excess casualty risks across the spectrum of E&S Casualty business
  • Ability to underwrite primary and lead excess structures
  • Strong understanding of current market conditions
  • Ability to quickly make decisions, turn around quotes, and manage multiple prospects at one time
  • Minimum of 3 years of Underwriting experience
  • Ability to work effectively in a team environment and independently
  • Primarily in-office work

Responsibilities

  • Meet production underwriting goals while maintaining budgeted loss and expense ratios
  • Develop broker and portfolio strategies
  • Manage a profitable book of new and renewal business
  • Guide, mentor, and train more junior members of the team
  • Assist in planning and budgeting
  • Collaborate across AIG divisions
  • Build a culture of diversity and inclusion across the team
  • Help set direction for the team and maintain a balanced portfolio across excess placements
  • Work with regional Casualty leadership peers to build a nationally renowned team and culture
  • Underwrite risks to maintain and profitably grow the E&S portfolio across desired business segments
  • Collaborate with internal colleagues and be reliably visible to wholesale trading partners
  • Review and negotiate manuscript form wordings and coverages
  • Act as a senior mentor to train and guide other members of the team within the Zone

Skills

Underwriting
Excess Casualty
E&S Casualty
Surplus Lines
Risk Management
Broker Management
Portfolio Management
Marketing
Sales
Mentoring
Budgeting
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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