Head of Lexington Middle Market Property
Lexington Specialty Insurance Agency, Inc.
At AIG, we are reimagining the way we help customers to manage risk. Join us as the Head of Midmarket Property Underwriting to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. Make your mark in Lexington Midmarket Property AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impact
Drive Lexington’s Excess and Surplus Property Midmarket vision and value proposition that recognize changing business and competitive environment dynamics, key business drivers, and financial elements and demonstrate the value we bring to the different segments of our producer delivery network.
Responsible for the GWP and P&L of the Midmarket Property book of business; assessing line of business ROE and allocation of capital as necessary.
Monitor Catastrophe modeling results within the portfolio to ensure we are in line with corporate mandates for risk aggregation in aggregate and by zone.
Strategically review use of reinsurance to reduce volatility and as an alternative form of capital within the book and supports our risk appetite for per risk and aggregation across all product lines.
Develop, position, market, and deliver innovative, market-leading products and services through a zonal framework to a network of producers in a manner that effectively leverages our strengths as a competitive differential in the marketplace.
Established business strategies to deliver a profitable shift of business mix, and support efforts to become our Clients’ most Valued Insurer, all while maximizing synergy with other AIG business partners.
Lead the Midmarket platform for Property business, working closely with Head of Wholesale Property to enhance and integrate all complimentary product offerings.
Establish and implement a long-term business strategy for Midmarket Property focusing on risk appetite that effectively manages risk.
Drive consistent distribution and underwriting best practices and guidelines to ensure rating and pricing adequacy of the business.
Develop sustainable relationships with key wholesale brokers throughout the zonal framework.
Develop and ensure effective utilization of detailed monitoring standards including quality reviews to assess underwriting results and loss ratios down to the account level.
Understanding of regulatory and compliance processes.
Establish strong relationships with Lexington leadership; create mutual understanding of overall parameters and goals to drive effective execution of business model.
Develop tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams.
Drive a culture that promotes collaboration, diversity and inclusion.
Ensure a reputation of Claims excellence in the marketplace.
What you’ll need to succeed
- At least 15 years insurance leadership experience in Property Insurance.
- Knowledge of market segmentation, portfolio management, acquisition and distribution.
- Proven Strategic Leadership skills in developing vision and purpose, driving for results and leading effective teams.
- Established strong relationships with brokers.
- Skilled leader of change; versatile, client focused, results oriented.
- Demonstrated business savvy, analytical and quantitative skills.
- Expert technical underwriting background with advanced knowledge of first party insurance for all industries.
- Strong problem solving and conflict resolution.
Ready to take your career to the next level? We would love to hear from you.
#LI-AIG
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
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.
Welcome to a culture of inclusion We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides 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. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to View email address on click.appcast.io.
Functional Area: UW - Underwriting Lexington Specialty Insurance Agency, Inc. As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we’re working as one team to do what’s right for our colleagues and our communities, we can achieve excellence together. 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.
Join our Talent Community. Additional information about AIG can be found at | YouTube | Instagram| LinkedIn.
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