Senior Specialty Underwriter, Midwest
Honeycomb InsuranceSalary not specified
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Excess & Surplus Lines, Property InsuranceIndustries
Requirements
- 7+ years' experience in Commercial Property E&S underwriting
- Ability to underwrite property risks across the spectrum of E&S Property business
- Ability to underwrite 100%, primary/shared and layered, and excess structures
- Experience with Facultative Reinsurance including assumed reinsurance transactions
- Strong understanding of current market conditions
- Ability to quickly make decisions, turn around quotes, and manage multiple prospects at one time
- Insurance professional with highest levels of technical proficiency and underwriting acumen
- Marketing and sales skills
- Ability to work effectively in a team environment and independently
- Senior leadership capabilities, including mentoring, collaboration across business divisions, and driving a diverse and inclusive culture
- Ability to work with regional Property leadership peers
Responsibilities
- Illustrate highest levels of technical proficiency, underwriting acumen, marketing, and sales skills to 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
- 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
- Help set direction for the team and maintain a balanced portfolio across both primary and excess placements
- Take on responsibilities beyond everyday management and underwriting, including mentoring, collaboration within the Zone across business divisions, and driving a diverse and inclusive culture
- Work with regional Property leadership peers to build a nationally renowned team and culture for Lexington
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What experience is required for the Senior Regional Production Specialist role?
Candidates need 7+ years of experience in Commercial Property E&S underwriting, with the ability to underwrite property risks across primary, shared, layered, and excess structures, plus experience with Facultative Reinsurance including assumed reinsurance transactions.
Is this position remote or office-based?
The role requires team members to be primarily in the office to support in-person collaboration, which is a vital part of AIG's culture.
What does the company culture emphasize at AIG?
AIG emphasizes in-person collaboration, entrepreneurial spirit, rising to challenges, mentoring, driving a diverse and inclusive culture, and building a nationally renowned team.
What salary or compensation does this role offer?
This information is not specified in the job description.
What makes a strong candidate for this position?
A strong candidate demonstrates the highest levels of technical proficiency and underwriting acumen combined with marketing and sales skills, a strong understanding of market conditions, quick decision-making, the ability to manage multiple prospects, and leadership in mentoring and fostering diversity.
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.
Related Jobs
RemoteRemoteLicensed Sales Agent (Property & Casualty, Personal Lines)
Kin InsuranceSalary not specified
RemoteSenior Underwriter (Excess Petroleum)
Integrated Specialty Coverages, LLCSalary not specified
Full Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
RemoteSenior Enterprise Risk Management Specialist
Spring HealthSalary not specified