At a Glance
- Tasks: Join a dynamic team to underwrite global cargo risks and manage client relationships.
- Company: AIG is a leading global insurance provider, committed to innovative risk management solutions.
- Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
- Why this job: Make an impact in marine cargo insurance while growing your skills in a supportive environment.
- Qualifications: Experience in marine cargo underwriting and strong broker relationship skills are essential.
- Other info: Flexible work arrangements and a culture of inclusion make AIG a great place to thrive.
The predicted salary is between 48000 - 72000 £ per year.
At AIG and Talbot, we are reimagining the way we help customers to manage risk. Join us as a Class Underwriter - Cargo to grow your career at the forefront of marine cargo insurance.
Talbot operates within the Lloyd's Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist. Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients' evolving and often unique needs.
As part of our continued expansion plans for our Marine portfolio we now have an opportunity for a Cargo Underwriter. Working in an experienced and collegiate team you will play a key role in writing large and complex global cargo risks with dual stamping capabilities as part of the wider AIG group. We will give you autonomy to develop your skills and experience with scope to manage wider commercial projects as we continue to grow the Talbot marine offering.
Responsibilities Include, But Not Limited To:
- Attend broker meetings, client meetings, facilitation of company events and business-related travel.
- Portfolio management.
- Day to day servicing and underwriting of the portfolio.
- Partnering with internal teams to drive portfolio performance, compliance, and efficiency.
- Developing broker and client relationships by being market facing, developing new business in the process.
What You’ll Need To Succeed:
- Marine cargo underwriting experience, Lloyd's or company market.
- Confident with all subclasses of Cargo.
- Proactive with the ability to work independently but also as part of a close-knit team.
- Ability to manage an existing portfolio – renewals, endorsements, client meetings.
- Confident in dealing with brokers, analysing new submissions, and making sound judgement calls.
- Strong broker relationships and the ability to transact with brokers via Lloyd’s, phone, and email.
- Understanding of aggregate monitoring, key exposure zones and ability to work effectively with the Cat modelling team.
- Understanding of DUA and facilitated business.
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). The diversity of our people is one of AIG’s greatest assets, and we are honoured that our drive for positive change has been recognised by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.
Contact Detail:
AIG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Class Underwriter, Cargo
✨Tip Number 1
Familiarise yourself with the marine cargo insurance landscape. Understanding the key players, trends, and challenges in this sector will help you engage more effectively during interviews and discussions with brokers.
✨Tip Number 2
Network with professionals in the Lloyd's Insurance Market. Attend industry events or webinars to connect with underwriters and brokers, as building these relationships can give you insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on regulatory changes and market conditions affecting marine cargo underwriting. This knowledge will not only enhance your expertise but also demonstrate your commitment to the role during conversations with potential employers.
✨Tip Number 4
Prepare to discuss your experience with portfolio management and client relationships. Be ready to share specific examples of how you've successfully managed renewals and endorsements, as this is crucial for the Class Underwriter role.
We think you need these skills to ace Class Underwriter, Cargo
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Class Underwriter, Cargo position. Tailor your application to highlight relevant experience in marine cargo underwriting and your ability to manage complex global risks.
Craft a Strong CV: Your CV should clearly outline your marine cargo underwriting experience, including specific examples of your work with brokers and your understanding of key exposure zones. Use bullet points for clarity and ensure it is well-structured.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your proactive approach and ability to work both independently and as part of a team. Mention any relevant achievements that demonstrate your capability in managing portfolios and developing client relationships.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting roles.
How to prepare for a job interview at AIG
✨Know Your Cargo Underwriting
Make sure you brush up on your marine cargo underwriting knowledge. Understand the different subclasses of cargo and be prepared to discuss your experience with them. This will show that you're not only qualified but also genuinely interested in the role.
✨Build Strong Broker Relationships
Since the role involves dealing with brokers, think about how you can demonstrate your ability to build and maintain strong relationships. Prepare examples of past experiences where you've successfully managed broker interactions or developed new business.
✨Showcase Your Analytical Skills
Be ready to discuss how you analyse submissions and make sound judgement calls. You might be asked to provide examples of how you've handled complex risks in the past, so have a few scenarios in mind that highlight your analytical prowess.
✨Emphasise Team Collaboration
While the role requires independence, it’s also important to show that you can work well within a team. Think of instances where you've collaborated with internal teams to drive performance or compliance, and be prepared to share those stories.