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Zonal Underwriting Manager, Lexington Property

AIG
United Statesfull_timeVerifiedPosted 11 Sept 2024

About the role

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

Lexington Insurance Company, the leading U.S. based Excess and Surplus Lines company, is strengthening leadership position in the E&S market. We aspire to make Lexington the best in the industry for all of our product and services; driving an end-to-end business that delivers exceptional outcomes for our brokers and clients. Lexington is the home of specialized underwriters, addressing the most challenging risks in the market, providing thought leadership and innovative solutions, supported by Claims and Operational expertise, all working together to solve our client’s needs as quickly as possible

Summary:

The Zonal Underwriting Manager will market and underwrite for acceptable business in accordance with established, written underwriting guidelines.  Demonstrate leadership capabilities within the department.   

Job Description:                                

  • Lead and grow a team of underwriters within the Region.
  • 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.
  • Build and execute on the Zone strategy for P&L management, sharing best in class practices across the US.
  • Take on projects beyond the scope of normal underwriting activities in order to contribute to organizational transformation and other Lexington and AIG-wide initiatives, as well as identify opportunities for direct reports to contribute and join.
  • Work in constant coordination and collaboration with the other Managers of Property and the leadership within Lexington

What we are looking For:

  • Minimum 10+ 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 setting 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.
  • Strong leadership skills to include career development of direct reports and other subordinates through continual coaching and mentoring
  • 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 in order to continue to build a nationally renowned team and culture for Lexington.
  • Post-graduate education helpful, either through formal university setting or industry-recognized certifications

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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

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Company

AIG

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