Regional Production Specialist- Lexington Property - American International Group
Boston, MA
About the Job
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 Regional Production Specialist must be able to illustrate the highest levels of technical proficiency and underwriting acumen combined with marketing and sales skills to meet production underwriting goals while maintaining budgeted loss and expense ratios. Candidates are expected to work effectively in a team environment to develop broker and portfolio strategies in addition to working independently to manage a profitable book of new and renewal business. The Head of Property for the Zone will rely heavily on this position to assist in guiding, mentoring and training more junior members of the team, as well as to assist in planning and budgeting, collaboration across AIG divisions and building a culture of diversity and inclusion across the team.
What you need to know:
The candidate must have the ability to underwrite property risks across the spectrum of E&S Property business while helping to set direction for your team and maintaining a balanced portfolio across both primary and excess placements.
Position requires ability to underwrite 100%, primary/shared and layered, and excess structures.
A strong understanding of current market conditions, ability to quickly make decisions and turn around quotes and manage multiple prospects at one time are essential.
Must be able to work with regional Property leadership peers in order to continue to build a nationally renowned team and culture for Lexington
Underwrite risks to maintain and profitably grow our E&S portfolio across our desired business segments.
Collaborate with colleagues internally and be reliably visible to our wholesale trading partners.
Review and negotiate manuscript form wordings and coverages.
What we’re looking for:
An Insurance professional with a minimum 5+ years' experience in Commercial Property E&S underwriting.
The candidate must have the ability to underwrite property risks across the spectrum of E&S Property business while helping to set direction for your team and maintaining a balanced portfolio across both primary and excess placements.
Position requires ability to underwrite 100%, primary/shared and layered, and excess structures.
A strong understanding of current market conditions, ability to quickly make decisions and turn around quotes and manage multiple prospects at one time are essential.
Must be able to work with regional Property leadership peers in order to continue to build a nationally renowned team and culture for Lexington.
For positions based in New York City, the base salary range is $90,000-$120,400 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.
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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 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). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 candidatecare@aig.com.
Functional Area:
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Lexington Specialty Insurance Agency, Inc.
