Talbot Senior Exposure Management Analyst

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

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

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:

Exposure Management

• To assist the review and implementation of accumulating Risk Appetite methodologies, for both Talbot and Group.
• To assist in ensuring suitable aggregate controls and reporting exist in order that the company’s aggregate position is accurate and well understood. This includes development and maintenance of systems, reports and tools where appropriate.
• To establish and develop appropriate methodologies to monitor all other aggregates which are currently less well monitored.
• To work with IT and others to ensure that at all times the company has (an) appropriate and accurate aggregate data warehouse(s) to hold all aggregate exposures as the basis for syndicate aggregate reporting and to enable underwriters to know the syndicate’s aggregate accumulations at the time of writing each risk.
• To work with the Underwriting teams to ensure that the most suitable tools are available to them to enable appropriate risk selection and management of the portfolio with respect to accumulating exposure.
• To ensure that all Exposure Management processes and procedures are kept up to date and are followed throughout the business.
• To assist with the quarterly RDS process, including development thereof and the appropriate use of aggregates and catastrophe modelling.

Regulatory Reporting

• Co-ordinate and lead the bi-annual RDS process and annual SBF RDS process including presenting the RDS findings to the appropriate committee. Acting as operator for related risk controls (supported by other analysts)
• Co-ordinate and lead a number of other regulatory reporting requirements including but not limited to; Solvency II ASR 251 (Syndicate and Society), (supported by other analysts)

Reinsurance

• Co-ordinate work to provide information from the aggregate monitoring process to assist with planning the outwards reinsurance programme.

Cat Response

• Co-ordinate work when required to provide information from the aggregate monitoring process to assist with catastrophe response
• To assist, as appropriate, with the preparation of external catastrophe response information such as Lloyd’s MCR and group reporting

Teamwork

• To provide support in a mentoring capacity for junior members of the team
• To provide peer-review including challenging approaches and proposals from other members of the team

A look at our benefits

At AIG, we have a 100-year legacy of working to make the world a better place. And that begins with our employees. We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection, and wellbeing. We provide a variety of leaves for personal, health, family, and military needs. For example, the “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community.

We also believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a tuition reimbursement program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

We are an Equal Opportunity Employer

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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. 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.

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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.

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.

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