At a Glance
- Tasks: Lead global construction strategy and underwriting teams to drive growth and profitability.
- Company: AIG is a global leader in insurance, dedicated to innovative solutions and community support.
- Benefits: Enjoy comprehensive benefits focused on health, wellbeing, financial security, and professional development.
- Why this job: Join a culture of collaboration and inclusion, making a real impact in the insurance industry.
- Qualifications: Substantial insurance leadership experience with strong strategic and people management skills required.
- Other info: AIG values in-person collaboration to foster a supportive and connected work environment.
The predicted salary is between 72000 - 108000 £ per year.
The Opportunity Global Specialty is building a best-in-class global construction practice, creating a 5th major product line within Global Specialty. As the Global Head of Construction, you will report to the Global Head of Specialty and lead all product minor lines and set the Global P&L strategy, executing against growth and profitability goals and objectives. You will drive underwriting excellence across Construction by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensuring rating and pricing adequacy. This is a rare opportunity to identify and recommend new markets, products, services and tools, as well as marketing distribution & underwriting strategies to execute against exciting growth plans.
Key Responsibilities
- Direct and lead underwriting teams.
- Be responsible for setting & driving business strategy for Global Construction.
- Set Global P&L – execute against growth and profitability goals and objectives.
- Drive underwriting excellence across Construction by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.
- Identify and recommend new markets, products, services and tools, as well as marketing distribution & Underwriting Strategies.
- Create regular and ongoing communication with the various geographies to promote best practices, share strategic insights and create a community of interest across the various minor lines.
- Ensure an effective reinsurance strategy that supports our risk appetite for per risk and aggregation across all product lines, as well as active management of the portfolio.
- Understand the Specialty business model, underwriting methodology, and the risks we assume.
- Establish strong relationships with global Specialty regional and functional leadership; create mutual understanding of overall specialty strategy to drive effective execution of business model.
- Develop tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams.
- Drive a culture that promotes collaboration, and inclusion.
- Ensure a reputation of Claims excellence in the marketplace.
- Demonstrate understanding of regulatory and compliance processes and ensure AIG stakeholders.
Leadership Skills
- Proven people management and leadership skills.
- Proven ability to manage a broad range of stakeholders.
- Highly collaborative approach across functions and geographies.
- Ability to manage and influence in a matrix structure and across a wide geography.
Technical Skills and Expertise
- Substantial insurance leadership experience, including oversight over multiple products and geographies.
- Deep expertise in the above-mentioned specialty lines, expert technical underwriting background.
- Knowledge of market segmentation, portfolio management, acquisition, and distribution.
- Proven Strategic Leadership skills in developing vision and purpose, driving for results and leading effective teams.
- Established strong relationships with customers and intermediaries.
- Skilled leader of change; versatile, client focused, results oriented.
- Demonstrated business savvy, analytical and quantitative skills.
- Strong problem solving and conflict resolution.
- Strong influencing and stakeholder management skills, experience of working with senior global leadership teams.
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 belonging
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 inclusion 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.
Functional Area: UW - Underwriting AIG Europe (Services) Limited
Global Head of Construction employer: AIG
Contact Detail:
AIG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Head of Construction
✨Tip Number 1
Network with professionals in the insurance and construction sectors. Attend industry conferences, webinars, or local meetups to connect with potential colleagues and leaders who can provide insights into the role and company culture.
✨Tip Number 2
Familiarise yourself with AIG's current projects and initiatives in the construction space. Understanding their recent developments will help you speak knowledgeably about how you can contribute to their growth and profitability goals.
✨Tip Number 3
Demonstrate your leadership skills by sharing examples of how you've successfully managed teams and driven strategic initiatives in previous roles. Be prepared to discuss your approach to fostering collaboration and inclusion within diverse teams.
✨Tip Number 4
Research the latest trends and challenges in the global construction market. Being well-versed in these topics will allow you to engage in meaningful discussions during interviews and showcase your expertise in identifying new markets and products.
We think you need these skills to ace Global Head of Construction
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and leadership roles. Emphasise your achievements in managing P&L strategies and driving growth in previous positions.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your vision for the Global Head of Construction role. Discuss how your expertise aligns with AIG's goals and how you plan to drive underwriting excellence and market expansion.
Showcase Leadership Skills: Provide specific examples of how you've successfully led teams and managed stakeholders in a matrix structure. Highlight your collaborative approach and ability to influence across functions and geographies.
Demonstrate Industry Knowledge: Illustrate your deep understanding of the insurance landscape, particularly in specialty lines. Mention any innovative strategies you've implemented in the past that align with AIG's focus on reimagining insurance solutions.
How to prepare for a job interview at AIG
✨Showcase Your Leadership Skills
As the Global Head of Construction, you'll need to demonstrate strong leadership abilities. Prepare examples of how you've successfully managed teams and influenced stakeholders in previous roles. Highlight your experience in driving business strategy and fostering collaboration across functions.
✨Understand the Market Landscape
Familiarise yourself with the current trends and challenges in the construction insurance market. Be ready to discuss potential new markets, products, and services that could enhance the company's offerings. This shows your proactive approach and strategic thinking.
✨Emphasise Underwriting Excellence
Since underwriting excellence is a key responsibility, prepare to discuss your technical underwriting background. Share specific instances where you established risk appetites or improved pricing adequacy, demonstrating your expertise in this area.
✨Communicate Your Vision
Articulate a clear vision for the Global Construction practice. Discuss how you would drive growth and profitability while ensuring adherence to standards and guidelines. This will showcase your strategic leadership skills and ability to align with the company's goals.