Global CUO – Fronting, Multinational and Credit Lines

Role Profile

The Chief Underwriting Officer – Fronting, Multinational and Trade Credit will work closely with the business units and have oversight for the underwriting of business globally for a specific line of business.

Key responsibility is to lead the Underwriting – Fronting, Multinational and Trade Credit underwriting strategies, enhance technical and analytical capabilities, position our portfolios for profitability, establish appropriate underwriting appetite, controls, guidelines and authorities, policy wording needs and lead execution of learning and development framework for underwriters. This role also has responsibility to collaborate and support other AIG stakeholder groups.

Fronting and Multinational Responsibilities

• Develop and implement consistency globally and set appropriate standards for Fronting in General Insurance (including but not limited to Multinational, NA Fronting, Group Captives, and AIGRM).

• Oversee the fronting and multinational value proposition that brings together a seamless global controlled master program to deliver upon client’s risk transfer needs in the local geographies in which they operate (aligned with the US Foreign Casualty team)
• Drive CUO vision and value proposition that recognize changing business and competitive environment dynamics including technological needs, key business drivers, risk analytic needs, and financial elements and demonstrate the value AIG brings to the different segments of its producer delivery network.
• Responsible for collaboratively developing business strategy in coordination with the respective business leaders to successfully propel fronting and multinational product and client segments into a significant and profitable long-term, sustainable leadership position in the marketplace in support of the company’s profit objectives over the long-term. This includes specific underwriting strategies, portfolio construction and optimization, capital use, detailed monitoring standards, controls, guidelines, authority management and quality reviews to assess loss ratios, underwriting acumen, underwriting diligence and underwriting results.
• Product liaison to/from AIG’s Multinational Division. Support the Head of Multinational through active participation and contribution to the leadership and direction of AIG’s multinational business.
• Develop and deploy a framework for Fronting and Multinational authority assigning specific authority to leaders within AIG North America and AIG International.
• Drive underwriting excellence across the Global Fronting and Multinational business by establishing and ensuring adherence to risk appetite, capacity, standards and guidelines, and ensure rating and pricing adequacy.
• In partnership with product line CUOs and Fronting and Multinational leadership, create a framework for allocating Fronting and Multinational authority for Underwriters and ensure the appropriate training curriculum is aligned to the authority grants.
• Collaborate with support functions such as the Product Office, Operations, Audit, COE, Modeling, Engineering, Natural Catastrophe Modeling, Actuarial, Claims, Regulatory and Legal to share insights and best practices across the organization.
• Establish strong relationships with the Product leadership; create mutual understanding of overall parameters to drive effective execution of the Fronting and Multinational business model.
• Develop strong relationships and work in close collaboration with all regional business leaders, Legal, Claims, Actuarial, Filing/Regulatory, Claims, and ERM.
• Implementation of appropriate KPIs and detailed monitoring of adherence to standards across all Fronting deals.
• In collaboration with the Fronting and Multinational leadership teams develop, position, market, and deliver innovative, value-added market-leading solutions to AIG’s clients.
• Effectively leverage our strengths as a competitive differentiator in the marketplace.
• Drive a culture that promotes collaboration, diversity, and inclusion.

Trade Credit Business Responsibilities

• Responsible for leading the Trade Credit, Surety and Political Violence teams within the Chief Underwriting Office. 
• Responsible for reviewing and setting credit/collateral guidelines.
• Drive consistent underwriting best practices and guidelines across global Specialty Products, working with Specialty product leaders, regions, and Legal Entities on any necessary amendments to Product filed wordings and rating plans.
• Responsible for continuously monitoring standard and manuscript policy language and setting forth guidance and guidelines as necessary.
• Provide actionable input on the Specialty Product units in developing structures and technology to support underwriting, pricing and segmentation processes