Senior Underwriting Specialist - Lexington Property - American International Group
New York, NY
About the Job
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Regional Production Specialist, Lexington Property, to play your part in that transformation. It is an opportunity to grow your skills and experience as a valued member of the team.
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.
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.
How you will create an impact
The Senior 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.
- This role is your opportunity to drive profitable growth in Lexington Commercial Property by working on creative solutions for complex risks. You will be responsible for underwriting a range of new and renewal business, using your proven relationship building skills.
- We want you to work closely with brokers to communicate risk appetite and our value proposition – and to understand the deal structures, terms and products that best meets clients’ needs. You will then negotiate pricing, terms & conditions, and deal structure with brokers and clients.
- It will be important to generate new business by expanding your broker network, attending broker events, and building new relationships across the market. You will collaborate with AIG Distribution, territory managers, and underwriters in other business lines to target desirable accounts and cross-selling opportunities.
- As a senior member of the team, you will set a high standard of customer service to brokers and clients – providing an example for junior colleagues to follow. You will also provide guidance, mentoring and training to less-experienced underwriters – and support them in building their broker network.
What you’ll need to succeed
- An insurance professional with 7+ 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, turn around quotes, and manage multiple prospects at one time are essential.
- As a member of the senior leadership within Lexington, take on responsibilities beyond everyday management and underwriting, including mentoring, collaboration within the Zone across business divisions and driving a diverse and inclusive culture.
- Must be able to work with regional Property leadership peers to continue to build a nationally renowned team and culture for Lexington.
Ready to step up to new challenges? We would love to hear from you.
For positions based in New York, NY the base salary range is $160,000 - $185,000. In addition, 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: 2024 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:
Lexington Specialty Insurance Agency, Inc.
