Underwriting Specialist, Lexington Property at AIG

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum 5+ years of experience in Commercial Property E&S underwriting
Ability to underwrite property risks across the spectrum of E&S Property business
Strong understanding of current market conditions
Ability to quickly make decisions and turnaround quotes
Ability to manage multiple prospects simultaneously
Experience with underwriting 100%, primary/shared, layered, and excess structures
Negotiation skills (manuscript form wordings and coverages)
Mentoring and leadership skills

Responsibilities

Underwrite risks to maintain and profitably grow the E&S portfolio across desired business segments
Help set direction for the underwriting team and maintain a balanced portfolio across primary and excess placements
Manage a balanced portfolio across both primary and excess placements
Collaborate with colleagues internally and with wholesale trading partners
Mentor and guide other members of the team
Participate in senior leadership activities, including mentoring, collaboration within the Zone, and driving a diverse and inclusive culture
Work with regional Property leadership peers to build a nationally renowned team and culture
Review and negotiate manuscript form wordings and coverages

Skills

Commercial Property Underwriting

E&S Underwriting

Property Risk Underwriting

Portfolio Management

Underwriting Structures

Negotiation

Manuscript Wordings

Mentoring

Leadership

Market Conditions 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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