Class Underwriter - Financial Institutions

Who 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. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

Talbot Underwriting Limited is the managing agent of Syndicate 1183 at Lloyd’s. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap & ransom, contingency, property and treaty reinsurance. Talbot has offices in London, Asia Pacific and the United States.

About the role

What you need to know:

Purpose of Role

• To underwrite risks in accordance with Talbot’s underwriting philosophy and within own authority limits.
• To assist the delivering strategy and business plans.
• To assist the team to ensure all underwriters underwrite risks in accordance with the Company’s agreed appetite, authorities and processes.
• To assist in managing the overall portfolio.
• To provide professional, prompt service to brokers and clients.

Responsibilities

• To comply with the terms of personal underwriting authority.
• To assist the team in ensuring that Underwriting Guidelines are reviewed and updated at least annually.
• To ensure underwriters with authority underwrite in accordance with personal underwriting authority.
• To ensure that business is conducted, processed and administered in accordance with the prevailing applicable policies, procedures and agreed service levels.
• To ensure that premium entries in Subscribe are reviewed and accurately maintained in accordance with applicable procedures.
• To act in accordance with all regulatory standards and principles at all times
• To provide information and assistance as needed to ensure that other syndicate staff can carry out their responsibilities.
• To make every reasonable effort to increase own knowledge, skills and expertise in order to:
  • Further personal development within the Class Underwriter role.
  • Reach a position where promotion to a more senior role is feasible.

What we’re looking for:

• Experience of Lloyd’s market as an Underwriter is essential.
• Detailed knowledge of products.
• Chartered Insurance Institute – Advanced Diploma.
• Educated to degree level preferred.
• Able to operate independently with little direction or guidance. Self-reliance, use of initiative – a “self-starter”.
• Able to prioritize.
• Strong team working approach.
• Verbal, written and professional presence and ability to communicate at all levels with excellent negotiation skills
• Strong communication/ interpersonal skills, including:
• Strong documentation skills
• Excellent communication skills
• Ability to summarise
• Ability to understand problems and issues quickly
• Assertive
• Positive “can do” approach
• Calm, rational and methodical approach.

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its’ policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

Functional Area: