Regional Underwriting Specialist, Excess

2 weeks ago

Chicago, Illinois, United States American International Group Full time
About Us

American International Group, Inc. (AIG) stands as a premier global insurance entity. With a legacy spanning over a century, AIG member companies deliver a diverse array of property casualty insurance, life insurance, retirement solutions, and additional financial services to clients across more than 80 countries and jurisdictions. Our extensive offerings are designed to assist both businesses and individuals in safeguarding their assets, managing risks, and ensuring retirement security.

Business Overview

Lexington Insurance Company is recognized as the foremost U.S.-based surplus lines insurer. For over five decades, we have been committed to providing adaptable solutions to organizations of all sizes, from Fortune 100 companies to small and mid-sized entities. Our reputation is built on our ability to assist brokers in addressing the most complex insurance requirements of their clients. We foster an entrepreneurial culture, encouraging our employees to tackle challenges and seize opportunities to create meaningful impacts.

Headquartered in Boston, Massachusetts, Lexington Insurance is at the forefront of the industry.

Role Overview

The Regional Underwriting Specialist will be responsible for marketing and underwriting acceptable business in alignment with established underwriting guidelines. This role requires demonstrating leadership within the department.

Key Responsibilities:
  • Independently assess, monitor, and price new and renewal business in accordance with Company guidelines as per the Underwriter's authority level outlined in the individual "Authority Letter".
  • Promote our products and services, and travel with assigned agents as necessary.
  • Engage with agents regarding rating, underwriting, and policy issuance matters.
  • Support the training of team members and other departmental staff.
  • Assist in the execution or coordination of special projects and timelines, including revised forms, new coverages/classes, research, and updates to the Underwriting Guide.
  • Help plan, coordinate, and implement in-house educational training or other corporate functions.
  • Represent the company professionally at industry events, conventions, and corporate gatherings.
Qualifications:
  • Bachelor's degree.
  • A minimum of 10 years of experience in Commercial Insurance, Agency, or Brokerage.
  • Proven ability to cultivate and sustain strong professional relationships.
  • Solid understanding of U.S. Casualty lines of business, including product features, forms, regulatory environments, and associated risks, particularly in the Surplus lines or Excess Casualty sector.
  • Demonstrated experience in sales, marketing, and relationship development, ideally within the Wholesale marketplace.
  • Ability to thrive in a dynamic, rapidly evolving environment, adapting to changing requirements and collaborating with diverse colleagues to deliver solutions promptly.
  • Willingness to be adaptable, learn on the job, and maintain a positive attitude.
  • Comfortable with analytical tools and technology.
Benefits

At AIG, our employees are our most valuable asset. We recognize the importance of protecting and investing in what matters most to you. This is why we have developed our Total Rewards Program, a comprehensive benefits package that extends beyond the workplace, focusing on your health, wellbeing, financial security, and professional growth to provide peace of mind for you and your family.

Our Commitment

American International Group, Inc. (AIG) is a global leader in both commercial and personal insurance solutions, recognized as one of the world's most extensive property casualty networks. It is an exciting time to join us as we innovate and enhance our offerings to better serve our customers. At AIG, you will have the opportunity to support individuals, businesses, and communities in managing risks, navigating uncertainties, and uncovering new possibilities. We invest in our greatest asset—our people—through ongoing learning and development, fostering a culture that values each individual for who they are and what they aspire to achieve.

Culture of Inclusion

We are dedicated to fostering a culture that genuinely respects and celebrates the diverse talents, backgrounds, cultures, opinions, and goals of our employees. Our commitment to inclusion and belonging is reflected in our flexible work arrangements, diversity and inclusion training, cultural awareness initiatives, and Employee Resource Groups (ERGs). The diversity of our workforce is one of AIG's greatest strengths, and we are proud to have received numerous awards and recognitions for our efforts towards positive change.

AIG is an equal opportunity employer, providing opportunities to all qualified individuals without regard to 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.

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