#LI-JC1
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Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 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. AIG common stock is listed on the New York Stock Exchange.
What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.
We’re also committed to making a positive difference for our colleagues and in the communities where we work and live.
We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Get to know the business
AIG New Zealand 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. AIG’s General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Operating in New Zealand for more than 50 years, AIG has established a reputation as a leading insurer and ally to our multinational, corporate and SME clients.
About the team
You will be responsible for the growth and technical underwriting requirements for the AIG New Zealand Speciality, Casualty portfolio whilst managing a team of highly experienced and technical underwriters. You will report to the Head of Casualty, ANZ and CEO of AIG New Zealand.
About the role
Responsible for driving underwriting excellence and profitable growth for the Casualty profit centre in New Zealand. Key areas of responsibilities include:
- Development of compelling got-to-market strategies
- Cultivation and development of key business relationships
- Underwriting appetite maintenance & development
- Underwriting discipline & adherence to guidelines
- Mentoring & development of underwriting staff
- Monitoring and reporting of key underwriting metrics
- Adherence to, and reporting of, revenue production & budgets
What you need to know
Key accountabilities will include but not limited to:
- Manage day to day activities of the Underwriting teams for Casualty, including oversight of daily workflow, underwriting processes, communications, and stakeholder management.
- Responsible for the quality of the underwriting practice and risk selection processes for Speciality Casualty.
- Apply framework of Underwriting Authority and manage the delegation of authority to underwriters.
- Lead, mentor, and train Underwriters to enhance team’s performance.
- Together with the Head of Casualty ANZ be involved in the review of the profit studies and take the lead for executing underwriting strategies required.
- Work with the Head of Casualty ANZ, Head of CBE NZ and CEO NZ to develop, deliver and execute the Casualty Specialty business plans
- Work with the Head of CBE NZ to align sales and relationship management initiatives with AIG NZ’s key strategic Brokers
- Ensuring compliance with local regulations, corporate/regional/legal entity reinsurance strategies, guidelines, and risk appetites and managing exceptions.
What we’re looking for:
- Proven track record in underwriting, claims, distribution or analytics and sound understanding of the Casualty segment.
- Strong technical knowledge of Casualty product lines, including General & Products Liability, Environmental Liability and Contaminated Products insurance
- Strong industry sector experience for Construction, Energy, and Manufactured Products
- Proven experience growing a Casualty portfolio profitably
- Sound understanding of NZ Casualty market environment, through market dynamics & behaviour, portfolio management via segmentation, and technical risk profile / pricing.
- Excellent communication and relationship building skills, with both internal and external stakeholders.
- Self-starter with experience and capability to lead in a dynamic and changing business.
- Well regarded profile within the NZ insurance market, with a reputation for demonstrating leadership through honesty and integrity.
- High capacity for data, analytics, quantitative, and qualitative indicators in portfolio management
- Strong customer service ethic, with sound understanding of the business processes
- Ability to build strong relationships with colleagues in other parts of the company
- Strong execution and results orientation
Personal specification
- Communication – able to deal effectively with individuals internally and externally at all levels of an organisation
- Resilience - superior relationship building and negotiation ability
- Authoritative – ability to rapidly gain respect from internal and external suppliers
- Influential - excellent broker management skills with strong influencing and presentation skills
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
candidatecare@aig.com
. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG Insurance New Zealand Limited
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