At a Glance
- Tasks: Drive business growth by underwriting new and renewal business and building broker relationships.
- Company: Join AIG, a global leader in innovative insurance solutions.
- Benefits: Comprehensive benefits package focused on health, wellbeing, and professional development.
- Why this job: Make a real impact in the financial lines sector while collaborating with industry experts.
- Qualifications: Experience in Financial Lines underwriting and strong risk analysis skills required.
- Other info: Inclusive culture that values diversity and continuous learning opportunities.
The predicted salary is between 36000 - 60000 £ per year.
For more than 50 years, Lex-London has been providing innovative insurance coverage and services to companies ranging from Fortune 1000 leaders to smaller but complex 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.
AIG Lex London are a leading provider of excess Financial Lines products in the surplus lines market. Lex-London underwriters combine deep expertise with a broad appetite for risk and are empowered to deliver for our clients and brokers. Clients also benefit from our extensive industry knowledge, specialized risk management and engineering services, and dedicated claims handling services.
How you will make an impact
- This role will contribute to the growth and profitability of the Lex-London Financial Lines Department, which is focused on meeting the needs of large and complex clients domiciled in the United States of America (its territories and possessions).
- This will be achieved by driving the business plans for our business development through underwriting new and renewal business; developing new and maintaining existing broker relationships; assisting in product development and thought leadership; executing the annual FL strategies.
- This role will require assessment of desirability of risk, through thorough review of proposal, claims history and general company information.
- Use designated underwriting tools and systems, requiring accurate and consistent data entry, to streamline underwriting and information-tracking.
- The successful candidate will be expected to generate new business by expanding the broker network, attending broker events, and building new relationships across the market.
- Ensure contract certainty and compliance with key regulatory, risk management responsibilities; and underwrite within agreed decision-making standards, limitations and underwriting authority.
- There will be significant interaction and collaboration with AIG colleagues in the USA and Bermuda who may underwrite on the same / similar programs, to ensure consistent messaging and the best outcome for AIG as a whole.
What you'll need to succeed
- Experience in Financial Lines underwriting, preferably in the US FL space.
- Ideally ACII qualified, or working towards.
- Good risk analysis and technical skills.
- Good data analytic skills and ability to create, read, understand and translate data to provide risk and portfolio insights.
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 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 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. 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.
Financial Lines Underwriter, Lex London employer: American International Group
Contact Detail:
American International Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Lines Underwriter, Lex London
✨Tip Number 1
Network like a pro! Attend industry events, connect with brokers, and don’t be shy about introducing yourself. Building relationships is key in the underwriting world, so get out there and make your presence known!
✨Tip Number 2
Show off your expertise! When you meet potential clients or brokers, share insights from your experience in Financial Lines underwriting. This not only showcases your knowledge but also builds trust and credibility.
✨Tip Number 3
Be proactive! Don’t wait for opportunities to come to you. Reach out to potential brokers and clients, and let them know how you can help them manage their risks. A little initiative goes a long way!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Lex London team. Let’s make that connection happen!
We think you need these skills to ace Financial Lines Underwriter, Lex London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Lines Underwriter role. Highlight your experience in underwriting, especially in the US FL space, and any relevant qualifications like ACII. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role at Lex London and how you can contribute to our growth and profitability. Be genuine and let your personality come through!
Showcase Your Analytical Skills: Since this role requires good risk analysis and data analytic skills, make sure to include examples of how you've used these skills in past roles. We love seeing how you can translate data into insights that drive decisions!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining our team at Lex London!
How to prepare for a job interview at American International Group
✨Know Your Financial Lines
Make sure you brush up on your knowledge of Financial Lines underwriting, especially in the US market. Be prepared to discuss specific products and how they relate to the needs of large and complex clients. This will show that you understand the role and can contribute to the growth of the department.
✨Showcase Your Analytical Skills
Since good risk analysis and data analytic skills are crucial for this position, come ready with examples of how you've used these skills in past roles. Think about specific cases where your analysis led to successful outcomes, and be ready to explain your thought process.
✨Build Rapport with Brokers
Demonstrate your ability to develop and maintain broker relationships. Share any experiences you have attending broker events or networking, and highlight how you’ve successfully expanded your professional network in the past. This will show that you’re proactive and understand the importance of collaboration.
✨Understand Compliance and Contract Certainty
Familiarise yourself with the key regulatory and compliance aspects of underwriting. Be prepared to discuss how you ensure contract certainty and adhere to decision-making standards in your previous roles. This will illustrate your attention to detail and commitment to best practices.