At a Glance
- Tasks: Manage bespoke insurance policies and analyse new business opportunities in Political Risk.
- Company: Join AIG, a global leader in insurance solutions with a focus on innovation.
- Benefits: Comprehensive benefits package for health, wellbeing, and professional development.
- Other info: Inclusive culture that values diversity and supports continuous learning.
- Why this job: Make a real impact in the world of Political Risk insurance and grow your career.
- Qualifications: Bachelor's degree in Finance and 3+ years in the insurance sector preferred.
The predicted salary is between 58540 - 71548 £ per year.
Join us as a Political Risk Underwriter to grow your career at the forefront of Political Risk insurance. Make your mark in Global Specialty AIG underwriting teams that help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals.
AIG is seeking an Underwriter in London within its well-established Political Risk group 'PRG' which specializes in the underwriting of non-credit perils and credit products (including sovereign and corporate credit products). The position would also be responsible for oversight of legacy transactions within its Global Risk Solutions offering.
With underwriting hubs in Asia, EMEA and North America, the Political Risk group manages a global risk portfolio.
How you will create an impact
- The Underwriter will have dual responsibilities: managing an existing book of bespoke long dated policies spanning across various classes of businesses within AIG (including property and casualty liabilities).
- Analysing and evaluating new business opportunities within the Structured Credit product with a view to recommend (and/or approve) and price transactions that fit within AIG's risk appetite.
- Working closely with the Senior Underwriters within the UK Political Risk team to drive business growth by leveraging existing suite of credit products and new product development.
- Manage deal reporting, ongoing premium calculation, invoicing and liaising with internal & external stakeholders to maintain operational aspects of the policies within the Global Risk Solutions (GRS) book.
- Establish and strengthen relationships with financial institution clients, distribution partners and reinsurers to develop and grow the business.
- Negotiate Insurance policy wordings with brokers and financial institutions and review facility documentation.
- Preparation of in-depth internal credit risk (including extensive financial statement analysis) & other related transaction material in support of underwriting requests and recommendations.
- Proactively monitoring a diversified portfolio of Political Risk exposures to ensure compliance with internal policies and preparing regular updates and reporting for management (e.g. covenant monitoring, obligor performance, sector and country analysis).
What you'll need to succeed
- Bachelor's Degree, preferably Finance related.
- 3+ years working experience in the Insurance sector, preferably with credit analysis experience.
- Transactional experience in Political Risk / Structured Credit is desirable.
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. 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.
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.
Summary
Location: London
Type: Full time
Senior Risk Underwriter in London employer: American International Group (AIG)
AIG is an exceptional employer, offering a dynamic work environment in London where collaboration and innovation thrive. As part of our Global Legal, Compliance and Regulatory team, you will receive comprehensive benefits that prioritise your health, wellbeing, and professional development, all while contributing to meaningful projects that impact the insurance landscape. Our inclusive culture celebrates diversity and fosters growth, ensuring that every employee feels valued and empowered to reach their full potential.
Contact Details:
American International Group (AIG) Recruitment Team
