Ceded Reinsurance Associate in London

Join us as a Ceded Reinsurance Associate to grow your career at the forefront of Ceded Reinsurance. AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers.

How you will create an impact:

• The Ceded Reinsurance Associate works with all product lines, Ceded Reinsurance Managers as well as external reinsurers and brokers in placing and administering facultative reinsurance.

Key Responsibilities:

• Support effective and compliant placement of facultative programs through:
• Providing assistance to the Ceded Reinsurance Managers
• Reviewing facultative submissions on the Internal and External systems (AIG RI Connect) prior to release to the market
• Ensuring compliance with local regulations, corporate/regional/legal entity reinsurance strategies, guidelines, and risk appetites and managing exceptions
• Assist with any treaty programs on behalf of the local profit centres by:
• Understanding Profit Centre business strategy and reinsurance objectives
• Ensuring corporate treaties and/or changes provide adequate cover to and are consistent with contractual documentation
• Ensuring PPW compliance
• Reviewing any non-compliant or potentially non-compliant contracts and ensuring remediation and/or resolution
• Ensure compliance with corporate and regional security policy through:
• Ensuring all reinsurance participants are approved and the placements are within established limits
• Managing the special exception process when appropriate
• Assist with the coordination of external reinsurance underwriting audits as well as conduct field audits for compliance
• Assist with MI reporting of Facultative placements.
• Work within agreed decision-making standards, limitations and authorities
• Comply with key regulatory and risk management responsibilities
• Carry out all accountabilities and objectives within the framework of AIG UK’s TCF policy

What you’ll need to succeed:

• Some Reinsurance experience is preferable whether from a broking or underwriting background; we can also consider candidates with other insurance experience
• Effective communication and negotiation skills
• Reporting skills using Excel and PowerPoint
• Ability to build strong relationships with profit centres and the reinsurance market
• Strong service orientation
• Proficiency in MS Office suite and systems expected

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.

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 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, colour, 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.