VP, UW and Referral Officer, Group Captives

At AIG, we are reimagining the way we help customers to manage risk. Join us as a VP Underwriting Leader & Referral Officer, AIG Group Captives to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

The VP role will be responsible for designing and executing the underwriting strategy for AIG’s Group Captive products by facilitating profitable and sustainable business. This will encompass business-as-usual referrals, SOP development, portfolio management, and underwriting governance. This role will also serve as the senior point of reference and expertise for Home Office referrals and the North American Casualty Underwriting Officer.

How you will create an impact

• Efficiently handle difficult and/or unique referrals from underwriters that exceed underwriting authority across the Group Captive casualty portfolio.
• Strong leadership in cross-functional teams ensuring high-quality underwriting, adequate pricing, sensible business processes, and regulatory compliance.
• Foster collaborative relationships with associates in Actuarial, Finance, Operations, Claims, and Distribution to ensure a team approach to deliver customized and innovative solutions to captive intermediaries/insureds.
• Provide mentoring, training, and skill building to underwriters and professional associates.
• Liaise with the CUO’s office to obtain approval on risks which exceed delegated underwriting authority.
• Review business processes / analytics and provide leadership in the decision-making on required underwriting actions.
• Develop and update Group Captive’s risk appetite in coordination with Captive Solutions’ management team.
• Lead the execution of underwriting best practices and guidelines to ensure pricing adequacy and adherence to risk appetite.
• Ensure all underwriting directives and compliance processes are followed, adhering to underwriting authority and underwriting guidelines.
• Underwrite and oversee the day-to-day responsibilities of one large captive program.
• Work closely with Operations / IT / Actuarial to ensure systems (SCUP) are built fit-for-purpose for the Group Captive business unit.

What you’ll need to succeed

• Minimum 10+ years of Commercial Casualty Insurance Company experience, with a focus on alternative risk or captive business.
• Bachelor’s degree from a four-year college or university.
• Proven ability to build and maintain strong professional relationships.
• Extensive underwriting experience within US Casualty lines of business (Workers’ Compensation, Auto Liability, and General Liability) across small, midsized, and large risks with advanced working knowledge of product features, forms, regulatory environments, and concentration risks, etc.
• Strong background in various program structures including, but not limited to, Guaranteed Cost, Deductibles, Captives and Self-Insured Retentions.

• Sustained track record in casualty underwriting with at least 10 years of senior underwriting and portfolio management experience.
• Strong knowledge of optimizing underwriting profits through sound underwriting decisions and risk selection in casualty lines of business.
• Travel required – 33%

Ready to step up to new challenges? We would love to hear from you.

For positions based in New York City, the base salary range is $155,300-$171,250 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: Benefits Overview.

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 AI