American International Group
VP, Group Captives Underwriting Leader & Referral Officer
American International Group, New York, New York, us, 10261
VP, Group Captives Underwriting Leader & Referral OfficerWho we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions.
About the role
The VP, Underwriting and Referral Underwriting Manager would be responsible for a broad spectrum of technical underwriting, pricing and coverage issues for Group Captives. He or she would support the underwriters of Group Captives in producing a risk-adjusted underwriting profit for a variety of Casualty lines and products on both individual account referrals and leading the technical underwriting of portfolios in various lines of business.
Deep Group Captives industry expertise to manage and oversee the underwriting of complex risks.
Responsible for the development and execution of specific product line strategies and have direct ownership over the Budget and P&L for the product line.
Develop and implement strategies to maximize penetration, volume/growth and profitability for AIG Group Captives.
Lead all aspects of portfolio management and client/broker-facing activities.
Serves as a technical expert and exercises technical authority with regards to underwriting issues.
Drive consistent underwriting best practices and guidelines across zones and segments to ensure rating and pricing adequacy of the business.
Responsible for staying up to date and current with industry/product trends and adopting coverage as needed.
Working with CUO, responsible for setting rate strategies as well as monitoring rate results within a product or segment.
Working with the CUO, develops and manages all product guidelines so that they are current with the vision of the captive.
Establish field underwriting authority levels for the product in conjunction with SVP, Head of Group Captives.
Manages the product line to established objectives, makes decisions in response to market conditions.
Assess technical specialization and segments within product to determine priorities, provide referral and other support to underwriters, and develop execution strategy.
Provides product specific training within and outside the respective Division.
Ensures the required standards of governance, systems and controls, and regulatory compliance are established and maintained.
Work with broker, clients and internal resources to develop innovative new products and capitalize on competitive advantage.
Develop talent acquisition strategy to ensure the best talent is in place to underwrite risks.
Assess technical specialization and segments within each product to determine priorities, provide referral and other support to underwriters, and develop execution strategy.
Develop and ensure effective utilization of detailed monitoring standards including quality reviews to assess underwriting results and loss ratios down to the account level Understanding of regulatory and compliance processes.
Establish relationship with Distribution and geographic leadership to collaboratively market/distribute product and create mutual understanding of overall parameters and goals with National view on trends.
Manage risk appetite and reinsurance (treaty and facultative) strategy in conjunction with SVP, Head of Group Captives and Reinsurance Officer within parameters set by Global Underwriting and Reinsurance Officers.
What we’re looking for:
Broad based insurance industry experience with specialization in Group Captives.
Preferred minimum of 10+ years of insurance operational management experience.
Knowledge of market segmentation, portfolio management, acquisition and distribution.
Process and system skills.
Advanced knowledge of reinsurance and first party insurance.
Strategic orientation, managing vision and purpose, developing organizational capability.
Strong influencing and communications skills and ability to work across multiple areas of company and industries.
Change and team leadership, as well as, external thought leadership.
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.
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs).
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.
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American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions.
About the role
The VP, Underwriting and Referral Underwriting Manager would be responsible for a broad spectrum of technical underwriting, pricing and coverage issues for Group Captives. He or she would support the underwriters of Group Captives in producing a risk-adjusted underwriting profit for a variety of Casualty lines and products on both individual account referrals and leading the technical underwriting of portfolios in various lines of business.
Deep Group Captives industry expertise to manage and oversee the underwriting of complex risks.
Responsible for the development and execution of specific product line strategies and have direct ownership over the Budget and P&L for the product line.
Develop and implement strategies to maximize penetration, volume/growth and profitability for AIG Group Captives.
Lead all aspects of portfolio management and client/broker-facing activities.
Serves as a technical expert and exercises technical authority with regards to underwriting issues.
Drive consistent underwriting best practices and guidelines across zones and segments to ensure rating and pricing adequacy of the business.
Responsible for staying up to date and current with industry/product trends and adopting coverage as needed.
Working with CUO, responsible for setting rate strategies as well as monitoring rate results within a product or segment.
Working with the CUO, develops and manages all product guidelines so that they are current with the vision of the captive.
Establish field underwriting authority levels for the product in conjunction with SVP, Head of Group Captives.
Manages the product line to established objectives, makes decisions in response to market conditions.
Assess technical specialization and segments within product to determine priorities, provide referral and other support to underwriters, and develop execution strategy.
Provides product specific training within and outside the respective Division.
Ensures the required standards of governance, systems and controls, and regulatory compliance are established and maintained.
Work with broker, clients and internal resources to develop innovative new products and capitalize on competitive advantage.
Develop talent acquisition strategy to ensure the best talent is in place to underwrite risks.
Assess technical specialization and segments within each product to determine priorities, provide referral and other support to underwriters, and develop execution strategy.
Develop and ensure effective utilization of detailed monitoring standards including quality reviews to assess underwriting results and loss ratios down to the account level Understanding of regulatory and compliance processes.
Establish relationship with Distribution and geographic leadership to collaboratively market/distribute product and create mutual understanding of overall parameters and goals with National view on trends.
Manage risk appetite and reinsurance (treaty and facultative) strategy in conjunction with SVP, Head of Group Captives and Reinsurance Officer within parameters set by Global Underwriting and Reinsurance Officers.
What we’re looking for:
Broad based insurance industry experience with specialization in Group Captives.
Preferred minimum of 10+ years of insurance operational management experience.
Knowledge of market segmentation, portfolio management, acquisition and distribution.
Process and system skills.
Advanced knowledge of reinsurance and first party insurance.
Strategic orientation, managing vision and purpose, developing organizational capability.
Strong influencing and communications skills and ability to work across multiple areas of company and industries.
Change and team leadership, as well as, external thought leadership.
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.
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs).
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.
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