At a Glance
- Tasks: Drive business growth by underwriting new and renewal financial lines, and build broker relationships.
- Company: Join AIG Lex London, a leader in innovative insurance solutions for complex risks.
- Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
- Other info: Embrace a culture of inclusion and continuous learning at AIG.
- Why this job: Make an impact in the insurance industry while collaborating with a diverse team.
- Qualifications: Experience in Financial Lines underwriting and strong data analysis skills required.
The predicted salary is between 55000 - 65000 € per year.
Make your mark at Lex London. For more than 50 years, Lex-London has been providing innovative insurance coverage and services to companies ranging from Fortune 1000 leaders to smaller but complex risks. As a leading surplus lines insurer, we use our unique flexibility in rate and form to benefit both traditional and the most challenging risks.
AIG Lex London are a leading provider of excess Financial Lines products in the surplus lines market. Lex-London underwriters combine deep expertise with a broad appetite for risk and are empowered to deliver for our clients and brokers. Clients also benefit from our extensive industry knowledge, specialized risk management and engineering services, and dedicated claims handling services.
How you will make an impact
This role will contribute to the growth and profitability of the Lex-London Financial Lines Department, which is focused on meeting the needs of large and complex clients domiciled in the United States of America (its territories and possessions). This will be achieved by:
- Driving the business plans for our business development through underwriting new and renewal business;
- Developing new and maintaining existing broker relationships;
- Assisting in product development and thought leadership;
- Executing the annual FL strategies.
This role will require assessment of desirability of risk, through thorough review of proposal, claims history and general company information. Use designated underwriting tools and systems, requiring accurate and consistent data entry, to streamline underwriting and information-tracking.
The successful candidate will be expected to generate new business by expanding the broker network, attending broker events, and building new relationships across the market. Ensure contract certainty and compliance with key regulatory, risk management responsibilities; and underwrite within agreed decision-making standards, limitations and underwriting authority.
There will be significant interaction and collaboration with AIG colleagues in the USA and Bermuda who may underwrite on the same/similar programs, to ensure consistent messaging and the best outcome for AIG as a whole.
What you'll need to succeed
- Experience in Financial Lines underwriting, preferably in the US FL space.
- Ideally ACII qualified, or working towards.
- Good risk analysis and technical skills.
- Good data analytic skills and ability to create, read, understand and translate data to provide risk and portfolio insights.
Ready to take the next step in your career? We'd love to hear from you!
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
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.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized 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. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Financial Lines Underwriter, Lex London employer: AIG Insurance
At AIG Lex London, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation. Our comprehensive Total Rewards Program ensures that our employees' health, wellbeing, and professional development are prioritised, while our commitment to inclusion and continuous learning creates a supportive culture where everyone can thrive. Join us in London, where you will have the opportunity to make a significant impact in the Financial Lines sector, working alongside industry experts and building valuable relationships in a vibrant city.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Lines Underwriter, Lex London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend broker events, join relevant groups, and don’t be shy about reaching out to potential contacts on LinkedIn. Building relationships is key to landing that Financial Lines Underwriter role.
✨Show Off Your Skills
When you get the chance to chat with hiring managers or recruiters, make sure to highlight your risk analysis and data analytic skills. Share specific examples of how you've used these skills in past roles to demonstrate your expertise and fit for the job.
✨Be Prepared for Interviews
Do your homework on Lex London and their approach to underwriting. Be ready to discuss how you can contribute to their growth and profitability, especially in the US market. Tailor your responses to show you understand their unique challenges and opportunities.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at AIG Lex London.
We think you need these skills to ace Financial Lines Underwriter, Lex London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial Lines Underwriter role. Highlight your experience in underwriting, especially in the US FL space, and any relevant qualifications like ACII. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role at Lex London and how you can contribute to our growth. Be specific about your experience with risk analysis and building broker relationships.
Showcase Your Data Skills:Since data analytics is key in this role, make sure to mention any tools or systems you’ve used for data entry and analysis. We love candidates who can translate data into actionable insights, so don’t hold back on showcasing these skills!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at AIG Insurance
✨Know Your Financial Lines
Make sure you brush up on your knowledge of Financial Lines underwriting, especially in the US market. Be prepared to discuss specific products and how they relate to complex risks. This will show that you understand the nuances of the role and can contribute effectively.
✨Showcase Your Analytical Skills
Since this role requires good data analytic skills, come ready to demonstrate how you've used data to assess risk in previous roles. Bring examples of how you've translated data into actionable insights, as this will highlight your technical expertise.
✨Build Rapport with Brokers
Given the emphasis on developing broker relationships, think about how you can showcase your interpersonal skills. Share experiences where you've successfully built or maintained professional relationships, and be ready to discuss your approach to networking in the industry.
✨Understand AIG's Culture
Familiarise yourself with AIG's commitment to inclusion and collaboration. Be prepared to discuss how you can contribute to a supportive team environment and align with their values. This will demonstrate that you're not just a fit for the role, but also for the company culture.
