Marine Underwriter

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

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.

General Insurance 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. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

The Underwriter function is meant to be a partner to the other Commercial Lines within AIG, offering support, expertise, and partnership. The existing diversity of the business portfolio demands from the underwriter role specialized expertise in the different products. The underwriting team works with the Actuarial, Distribution and Claims Teams to provide quotations that can be translated into profitable accounts.

What you need to know:

The primary purpose of the job is to analyze, quote and negotiate Marine business complying with the Company guidelines, risk appetite and internal procedures to bring profitable business to the company.

Administrate and renew existing portfolio by collecting and analyzing data from the claims, actuarial, multinational and distribution divisions.

The Marine Underwriter will handle an existing portfolio and will have a new business goal.

• Attend new business submissions with premium over 15K USD (average premium).    Analyze, quote as per our company guidelines and appetite, deliver, negotiate, and closure. 

• Anticipate renewal process to evaluate losses, terms, and conditions.

• Provide service to current portfolio requests, providing in a timely response to brokers and agents consistent with SLA’s.

• Interaction with other AIG areas to collect or provide information such as: Claims, Distribution, Actuary and Finance.

• Attend external meetings with brokers and Insureds to reinforce business line strategy, strength relations and increase new business opportunities, always promoting AIG values and behaviors

• Filing as per required for all renewal and new accounts.

• Participate in different activities and cooperate with necessary information to prepare reports and monitoring of results, Limits Profile, Portfolio Review, KPI´s, and any other information which required

• Participate in assigned projects i.e., to improve operation as automatization processes, or any other which needs his/her actively participation

Comply with Guidelines, appetite, and risk focus to gain profitable business.

• Excellent communication skills, both written & verbal

• Good presentation skills and file knowledge

• Time management – ability to manage & prioritize workload and diary management.

• Ability to contribute effectively within a team environment and with internal/external clients.

• Ability to assist with technical training to team claim handlers as required.

Bachelor's Degree in finance, administration, international relations, international trade, engineering, actuary or similar.

Office Package: Intermediate or advance level of Excel.

• Experience:

  • At least 2 years of experience in Middle Market Underwriting or knowledge of Marine Cargo Terms & Conditions.

  • Proven experience in the handling problems with agents, brokers, clients

• Along with technical skills required for the job, soft skills like effective broker engagement, commitment, teamwork, proactive management, effective time management/prioritization, calendar organization, negotiation skills, engagement with the team.

• Effective analytical and attention to detail.

• English required.

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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.

Functional Area: