Underwriter II, Corporate Accounts, Excess Casualty at AIG

New York, New York, 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, Financial ServicesIndustries

Requirements

Bachelor’s Degree, preferably in insurance or a related field
Minimum of three (3) years of brokering and/or underwriting Fortune 1000 accounts
Detailed technical knowledge in excess casualty exposures, coverage and pricing
Excellent verbal and written communication skills at all levels of the organization and the ability to interact personally with all levels of staff
Strong knowledge and experience in working Windows-based applications particularly Excel, Word, Access and Microsoft Outlook
Maintain a professional appearance and demeanor at all times
Self-motivated with the ability to work effectively and independently without direct supervision
Strong ability to organize and prioritize demanding workloads with a commitment to meeting deadlines
Proven ability to make sound underwriting decisions
Must be willing to work overtime (including evenings, weekends and holidays as necessary)

Responsibilities

Managing and Underwriting a book of excess casualty Fortune 1000 accounts within budgeted GWP and profitability thresholds
Adhering to authority levels and ensuring adequate and timely file management in accordance with Department guidelines
Effectively negotiate terms, conditions and premiums with Bermuda Brokers
Conduct a client meeting in a very polished and professional manner
Ensure underwriting files are kept in a neat and organized manner with thorough documentation adhering to all AIG and AIG Cat Excess audit guidelines
Maintain good time management skills and lead by example with proper punctuality and timeliness
Adhere to AIG’s code of conduct
Adhere to all Underwriting Authority guidelines
Maintaining and promoting a professional work environment
Maintain and expand broker relationships through marketing calls and superior service
Organize, respond to, quote and manage all submission and renewal activity
Cross-market with Cat Excess Financial Lines team, US and London excess casualty teams
Adhere to AIG Cat Excess underwriting guidelines, including AIG best practices
Ensure quality and timely file management
Any other duties as assigned

Skills

Underwriting

Excess Casualty

Risk Management

Broker Negotiation

File Management

Client Meetings

Authority Levels

GWP Management

Profitability Analysis

Cross-Marketing

Insurance Guidelines

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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