Strategic Reinsurance Counsel at AIG

London, England, United Kingdom

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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

Substantial and expansive legal experience with a major international law firm or relevant in-house insurance industry experience, with a demonstrated focus on global insurance legal, transactional and regulatory issues
Proven successful experience leading a team of high performing professionals who support global business clients on insurance and reinsurance related matters
Demonstrated commercial mindset, such as to provide practical and effective insight to stakeholders and team members, with an eye on moving our businesses forward
Top academic credentials and excellent written and oral communications skills
Strong organizational and project management skills
Demonstrated ability to work in a fast-paced environment with a strong focus on collaboration
Proven leadership abilities
Admitted and practicing member of the bar or equivalent legal qualifications, credentials, and licensure

Responsibilities

Collaborate with the Head of Reinsurance Legal in the support of special projects involving complex reinsurance issues
Work closely with the Executive Vice President Reinsurance and Corporate Development team to support growing strategic reinsurance transactions
Provide support to both the internal reinsurance and ceded reinsurance teams on drafting, reviewing and negotiating reinsurance and related contracts
Assist with corporate governance and organizational structure activities as they relate to reinsurance
Interface with the underwriting, claims and finance groups to address reinsurance-related legal issues

Skills

Reinsurance Contracts

Contract Negotiation

Corporate Governance

Project Management

Regulatory Compliance

Insurance Law

Transactional Law

Leadership

Stakeholder Management

Team Leadership

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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