At a Glance
- Tasks: Manage bespoke policies and analyse new business opportunities in political risk insurance.
- Company: Join AIG, a leader in global specialty insurance with a focus on innovation.
- Benefits: Comprehensive rewards programme for health, wellbeing, and professional growth.
- Other info: Dynamic work environment with strong team collaboration and career advancement opportunities.
- Why this job: Make an impact in a growing team while developing your career in political risk.
- Qualifications: Bachelor’s degree in finance and 3+ years in insurance, preferably with credit analysis experience.
The predicted salary is between 55000 - 65000 £ per year.
- Political Risk Underwriter – London
- Job Overview
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 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.
AIG is seeking an Underwriter in London with in 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.
The role sits within the Credit Lines Specialty business at AIG.
With underwriting hubs in Asia, EMEA and North America, the Political Risk group manages a global risk portfolio.
This is an exciting opportunity with dual responsibilities within a team earmarked for growth within Global Specialty.
- Primary Responsibilities
- Managing an existing book of bespoke long‑dated policies spanning across various classes of businesses within AIG (including property and casualty liabilities) and responsible for underwriting new business within the Structured Credit (corporate credit) product offering of PRG.
- 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 on existing suite of credit products and new product development.
- Managing deal reporting, ongoing premium calculation, invoicing and liaising with internal and external stakeholders to maintain the operational aspects of the policies within the Global Risk Solutions (GRS) book.
- Establishing and strengthening relationships with financial institution clients, distribution partners and reinsurers to develop and grow the business.
- Negotiating insurance policy wordings with brokers and financial institutions and reviewing facility documentation.
- Preparing in‑depth internal credit risk (including extensive financial statement analysis) and 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).
Qualifications
- 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.
- Analytical thinker and self‑motivated to manage several new transactions at once while dealing with existing transactions.
- Conscientious and diligent, able to manage time pressure and adhere to deadlines.
- Excellent interpersonal skills and a strong team player.
Benefits
The role offers a comprehensive Total Rewards Program that supports your health, wellbeing, financial security and professional development.
AIG provides a range of benefits designed to care for what matters most to you and your family.
EEO and Accommodation
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 for job applicants and employees with disabilities.
If you believe you need a reasonable accommodation, please send an email to candidatecare@aig. com.
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Contact Details:
American International Group Recruitment Team
