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For Companies At a Glance
- Tasks: Manage and develop a profitable U.S. Property insurance portfolio with innovative strategies.
- Company: Join AIG, a leading insurer known for its dynamic and inclusive culture.
- Benefits: Enjoy a comprehensive rewards package focused on health, wellbeing, and professional growth.
- Why this job: Make an impact in the insurance industry while collaborating with top professionals.
- Qualifications: Experience in property insurance and strong analytical skills are essential.
- Other info: Thriving environment with opportunities for career advancement and personal development.
The predicted salary is between 43200 - 72000 £ per year.
Lex‑London is a leading surplus lines insurer offering innovative insurance coverage to companies ranging from Fortune 100 leaders to smaller complex risks. As a Senior Underwriting Specialist, you will focus on maintaining and developing a profitable book of U.S. Property business.
Responsibilities
- Focus on U.S. Property business underwritten from the London Market.
- This level underwriter typically performs highly technical complex assignments within area of expertise.
- Provides technical direction to management, less senior specialists, producers, and claims adjusting personnel.
- Communicates U.S. 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 cross‑selling 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.
Qualifications
- Significant property insurance experience, preferably U.S. 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 relationship building experience.
- Positive, energetic, self‑motivated; strong interpersonal, communication and presentation skills; well‑organized; 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.
Benefits
At AIG, our people are our greatest asset. We offer a comprehensive Total Rewards Program that extends beyond time spent at work to provide benefits focused on your health, wellbeing and financial security, and professional development. Our benefits package supports your peace of mind and that of your family.
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.
Senior Underwriter, Lex London Property employer: AIG
Contact Detail:
AIG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Lex London Property
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Lex London. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your technical underwriting skills and experience with U.S. Property business. We want to see how you can bring value to the team!
✨Be Ready to Discuss Strategy
Prepare to talk about your approach to pricing, negotiation, and risk management. Lex London is looking for someone who can think strategically, so come armed with examples of how you've successfully managed a book of business in the past.
✨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 Lex London team.
We think you need these skills to ace Senior Underwriter, Lex London Property
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your property insurance experience and technical underwriting skills. We want to see how your background aligns with the Senior Underwriter role, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about U.S. Property business and how your expertise can contribute to our team. Keep it engaging and personal – we love getting to know our applicants!
Showcase Your Relationships: Since building strong relationships is key in this role, make sure to mention any established connections with customers and intermediaries. We value collaboration, so let us know how you’ve successfully worked with others in the past.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at AIG
✨Know Your Stuff
Make sure you brush up on your property insurance knowledge, especially regarding U.S. markets. Familiarise yourself with the latest trends and challenges in the industry, as well as Lex-London's specific offerings. This will show that you're not just interested in the role but also invested in the company.
✨Showcase Your Relationships
Since building strong relationships is key in this role, be ready to discuss your past experiences with clients and brokers. Share specific examples of how you've successfully managed these relationships and how they contributed to your previous successes. This will highlight your interpersonal skills and business savvy.
✨Prepare for Technical Questions
Expect to face some technical questions related to underwriting and risk assessment. Brush up on your analytical and quantitative skills, and be prepared to discuss how you identify exposures and determine coverage policies. Practising these scenarios can help you feel more confident during the interview.
✨Demonstrate Your Adaptability
The job requires working in a dynamic environment, so be ready to share examples of how you've adapted to changing requirements in the past. Highlight your ability to collaborate with different teams and quickly deliver solutions, as this will show that you're a team player who can thrive under pressure.
