Underwriter I, Excess & Surplus Lines at AIG

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property InsuranceIndustries

Requirements

Minimum 3 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
High level of technical proficiency and underwriting acumen
Strong marketing and sales skills
Strong understanding of current market conditions
Ability to quickly make decisions, turn around quotes, and manage multiple prospects at one time
Ability to work effectively in a team environment and independently
Ability to guide, mentor, and train junior team members
Ability to assist in planning, budgeting, and collaboration across AIG divisions

Responsibilities

Illustrate high level of technical proficiency and underwriting acumen combined with 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
Assist in guiding, mentoring, and training more junior members of the team
Assist in planning and budgeting
Collaborate across AIG divisions and build a culture of diversity and inclusion
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
Work with regional Property leadership peers to build a nationally renowned team and culture

Skills

Commercial Property Underwriting

Excess & Surplus Lines

E&S Property

Risk Underwriting

Portfolio Management

Broker Management

Market Analysis

Production Underwriting

Loss Ratio Management

Team Mentoring

Budget Planning

Primary Placements

Excess Placements

Layered Structures

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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