At a Glance
- Tasks: Analyse and evaluate risks for US Property business, making impactful underwriting decisions.
- Company: Join Lex-London, a leader in innovative insurance solutions for over 50 years.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real difference in the insurance industry while working with top-tier clients.
- Qualifications: Significant experience in Property insurance and strong analytical skills required.
- Other info: Dynamic work environment with a focus on collaboration and innovation.
The predicted salary is between 36000 - 60000 ÂŁ per year.
LexâLondon has been delivering innovative insurance coverage and services for over 50 years, serving clients from Fortune 100 leaders to complex, smaller 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.
As a Senior Underwriting Specialist you will focus on maintaining and developing a profitable book of US Property business. This role is responsible for analysing and evaluating risks, recommending or deciding to accept, reject or modify risks and coverage conditions within delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives.
How youâll make an impact
- Focus on US Property business underwritten from the London Market.
- This level underwriter typically performs highly technical, complex assignments within their area of expertise.
- Provides technical direction to management, less senior specialists, producers and claims adjusting personnel.
- Communicates US Property risk appetite and NA Property Value Proposition to brokers and clients.
- Accepts declines or modifies new and renewal submissions submitted by brokers.
- Identifies exposures and analysis required to underwrite an account, as well as the coverage policies and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions.
- Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals.
- Establishes new business production goals and submission flow relative to the book of business.
- Collaborates with Distribution Territory Managers and other line(s) of business underwriters to target desirable accounts and crossâselling opportunities from brokers while soliciting customer/producer input for improving and enhancing service.
- Develops and implements pricing and negotiation strategy terms & conditions and deal structures with brokers and clients while maintaining the quality of the risk and NA Property strategy.
What youâll need to succeed
- Significant Property insurance experience, preferably US domiciled.
- Knowledge of market segmentation, portfolio management, acquisition and distribution.
- Established strong relationships with customers and intermediaries.
- Demonstrated business savvy, analytical and quantitative skills.
- Expert technical underwriting background.
- Demonstrated sales, marketing and relationshipâbuilding experience.
- Positive, energetic, selfâmotivated with strong interpersonal communication and presentation skills; wellâorganized with strong negotiating skills.
- Ability to work in a dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
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 category. 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 [contact email].
Senior Underwriter, Lex London Property employer: AIG Insurance
Contact Detail:
AIG Insurance Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Senior Underwriter, Lex London Property
â¨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and donât be shy about reaching out to current employees at Lex London. Building relationships can open doors that a CV just canât.
â¨Show Off Your Expertise
When you get the chance to chat with hiring managers or recruiters, make sure to highlight your technical underwriting skills and experience with US Property business. Share specific examples of how you've tackled complex assignments to demonstrate your value.
â¨Be Ready for the Interview
Prepare for those tricky interview questions by brushing up on your knowledge of market segmentation and portfolio management. Think about how you can showcase your analytical skills and relationship-building experience during the conversation.
â¨Apply Through Our Website
Donât forget to apply directly through our website! Itâs the best way to ensure your application gets seen by the right people. Plus, it shows youâre genuinely interested in joining the Lex London team.
We think you need these skills to ace Senior Underwriter, Lex London Property
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in US Property insurance and any relevant technical skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our team. Be sure to mention your relationship-building skills and any specific achievements.
Showcase Your Analytical Skills: Since this role involves analysing and evaluating risks, make sure to showcase your analytical skills in your application. Provide examples of how you've successfully assessed risks in the past and the impact of your decisions.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you donât miss out on any important updates from us!
How to prepare for a job interview at AIG Insurance
â¨Know Your Stuff
Make sure you brush up on your knowledge of US Property insurance and the specific challenges it presents. Familiarise yourself with market segmentation and portfolio management, as these are key areas for the role. Being able to discuss these topics confidently will show that you're serious about the position.
â¨Showcase Your Relationships
Since strong relationships with customers and intermediaries are crucial, be prepared to share examples of how you've built and maintained these connections in your previous roles. Highlight any successful collaborations or negotiations that demonstrate your interpersonal skills and business savvy.
â¨Demonstrate Analytical Skills
As a Senior Underwriter, you'll need to analyse and evaluate risks effectively. Bring along examples of complex assignments you've handled in the past, and be ready to discuss your thought process when making decisions about accepting or modifying risks. This will showcase your technical expertise.
â¨Be Adaptable and Energetic
The insurance landscape can change rapidly, so it's important to convey your ability to adapt to new situations. Share instances where you've successfully navigated changes in your work environment, and let your positive energy shine through during the interview. This will help you stand out as a self-motivated candidate.