Job Information
AIG Casualty Underwriting Team Lead - East Zone, Lexington Middle Market in Boston, Massachusetts
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
Lexington Insurance Company is the leading U.S.-based surplus lines insurer. For over 50 years, we have provided flexible solutions to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients. Drawing on our entrepreneurial spirit, our employees are encouraged each day to rise to challenges and embrace opportunities to make a difference.
Lexington Insurance is headquartered in Boston, Massachusetts.
About the role
The Team Lead Underwriter will provide East Zone leadership for the overall excess product (both supported and unsupported) including portfolio management, production underwriting, broker development and marketing, product guideline development and support to other team underwriters on the excess product. This role will support consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy and be responsible for assigning and managing the work of a team of underwriters.
The key responsibilities of this position are as follows:
Assist underwriters in executing on strategic initiatives. Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments).
Ability to exercise judgment, negotiate and make sound business decisions effectively based on increased level of authority.
Renders alternative outcomes for more difficult situations and makes real-time decisions in a fast-paced environment characterized by ambiguity and change.
Assist underwriters in collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
Utilize various daily reports and constant monitoring of adherence to underwriting requirements and guidelines to oversee assigned book of business.
Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities.
Work with management, the Insured, its broker and outside counsel on contract terms and conditions, as well as pricing, terms & conditions, and deal structure for complex risks.
Develop strong, long-term relationships with brokers and clients to profitably grow a book of business.
Identify the need for and manage special underwriting projects as needed.
Provide superior customer service to brokers and clients.
Produce, underwrite, manage, and service a profitable book of business.
What we are looking for:
Effective Team and People Manager, able to attract, engage, retain, and develop a high performing team to meet current and future business needs with ability to clearly articulate and execute plans.
Advanced knowledge of Excess & Surplus primary and excess Casualty line of business, including product features, forms, regulatory environment and risks etc.
Commercial Insurance Company, Agency, or Brokerage experience
Proficient with underwriting analytical tools and technology.
Bachelor’s degree from a four-year college or university preferred.
Proven ability to build and maintain strong professional relationships.
Demonstrated sales, marketing, and relationship building experience.
Very strong verbal and written communication skills.
Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
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A look at our Benefits
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, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues 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
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:
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Lexington Specialty Insurance Agency, Inc.
As a leader in commercial and personal insurance solutions, we are one of the world’s most far-reaching property casualty networks, offering a broad range of products, including Liability, Financial Lines, Property, Global Specialty, Crop Risk Services, Personal Lines and Accident and Health.
But as a leader, it is also important to us to help the world overcome some of the biggest challenges it has ever faced. From tackling climate change to creating more diverse, inclusive workforces, we are proud to not just be part of the solution, but to be a global leader for positive change in the communities that we serve.
We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.