Senior Yacht Underwriter, Personal Insurance London, England
AIG
Full Time
London, England
32000 - 85000 GBP ANNUAL Today
Job description
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.
Purpose of the role:
To develop new business and to underwrite AIG’s UK Yacht business in line with agreed business financial targets and metrics. The role will involve developing new and managing existing business sources as well as underwriting on a case by case basis, handling large/technical referrals, Portfolio Management at the broker level, Project management/involvement for new initiatives and developing our company underwriting standards and philosophies. Participation in industry marketing events and raising brand awareness in the yacht space.
Accountabilities for the role:
- Drive profitable growth of the UK yacht portfolio.
- Provide a high class service to our distribution partners through effective underwriting of yacht business.
- Create and maintain strong relationships with appointed brokers and to develop new broker connections / opportunities.
- Monitor portfolio performance of each broker on an ongoing basis, assessing both underwriting results and trends.
- Support the development of new products and/or product enhancements. Create and/or approve policy wording enhancements including terms, conditions and limits.
- To carry out key accountabilities and objectives within the framework of AIG’s Conduct Risk policy.
- Ensure that business written is correctly catered for within the Company’s reinsurance protection, including suggested facultative reinsurance protection in line with Yacht Underwriting strategy.
- Comply with key regulatory, conduct and risk management requirements and responsibilities.
Experience & Qualifications Required:
A strong Yacht Underwriting background at Company or MGA/Underwriting Agency level. The candidate will need to be capable of handling large and complex underwriting referrals with past experience of handling superyacht business preferred. Experience developing new broker relationships and being able to demonstrate experience in portfolio management is also required.
Good communication skills, both written and oral are required plus the ability to create presentations or briefing notes and communicate and present to Senior management and Exec level audiences.
Ability to work across multiple projects and work streams at any one time and prioritise accordingly is highly valued.
Solid understanding of the private yacht industry as well as strong knowledge of local market with a working knowledge of global markets both for Hull and P&I.
Entrepreneurial spirit and understands multiple insurance distribution methods.
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 . Reasonable accommodations will be determined on a case-by-case basis.
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