Join us as our Head of Delegated Authority Underwriting to grow your career at the forefront of DUA insurance.
Make your mark in Underwriting
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. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impact
You will underwrite across multi-line combined P & C business within the UK SME and Mid-market segment. You will be responsible for acquiring, developing and growing Delegated Authority relationships and account management of large portfolios of facility business.
Accountabilities for the role:
- Manage existing Delegated Authority relationships and be accountable for commercial performance.
- Review and assess new opportunities to win/take-on new delegated authority arrangements including leading due diligence, deal tendering and making executive proposals.
- Oversee the onboarding of new delegated authority arrangements in conjunction with AIG Operational and 3rd party governance stakeholders.
- Work with AIG product line management to review and propose a strategy to optimise existing delegated authority arrangements.
- Lead and collaborate with leaders across AIG jurisdictions to build best practise for Delegated Authority / Programme underwriting and management.
- Lead the development of new and existing products and/or product enhancements.
- Work with the portfolio underwriting team to monitor DUA facilities, assessing both performance against budget, underwriting results and loss trends. Set plans for development or remediation accordingly.
- Conduct quarterly business reviews with key delegated authority partners and manage external business relationships to achieve desired performance metrics.
- Act as senior underwriting referral point within the team but also responsible for preparing referrals for upward review including to the Global CUO office.
- Provide training and support to junior underwriters and the service centre team.
- Work with the Head of Underwriting and Technical Manager to embed Underwriting Excellence.
- Comply with key regulatory, conduct and risk management requirements and responsibilities.
What you’ll need to succeed
- Management Experience: Proven experience in the insurance market, specifically with Binding Authorities, Delegated Underwriting Authority (DUA), and Lloyd's/London market knowledge.
- Underwriting Experience: Proven underwriting experience and technical knowledge in Property & Casualty underwriting lines is essential with specialisms in Healthcare, Construction and SME a strong preference.
- Technical Experience: Experience writing and reviewing policy wordings, binder contracts, underwriting guides, rater models, audit reports.
- P & L Experience: experience in budget planning, forecasting and regular reporting on trading and bottom line performance,
- Analytical Skills: Ability to analyze data to support underwriting decisions and identify portfolio trends.
- Interpersonal Skills: Excellent negotiation, relationship-building, and communication skills.
Ready to take your career to the next level? We would love to hear from you.
#LI-AIG
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 [email protected].
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