Underwriter - Political Risk

Join us as a Political Risk Underwriter to grow your career at the forefront of Political Risk insurance.

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.

AIG is seeking an Underwriter in London with in its well-established Political Risk group ‘PRG’ which specializes in the underwriting of non-credit perils and credit products (including sovereign, and corporate credit products). The position would also be responsible for oversight of legacy transactions within its Global Risk Solutions offering. The role sits within the Credit Lines Specialty business at AIG. With underwriting hubs in Asia, EMEA and North America, the Political Risk group manages a global risk portfolio.  This is an exciting opportunity with dual responsibilities within a team earmarked for growth within Global Specialty.

The Underwriter will have dual responsibilities i) managing an existing book of bespoke long dated policies spanning across various class of businesses within AIG (inc property and casualty liabilities; and ii) responsible for underwriting new business within Structured Credit (corporate credit) product offering of PRG. The role will have both direct transactional party interaction as well as internal stakeholder responsibilities and ideally suit a candidate looking towards a career in Underwriting in the Credit Lines business.

• Analysing and evaluating new business opportunities within the Structured Credit product with a view to recommend (and/or approve) and price transactions that fit with in AIG’s risk appetite.
• Working closely with the Senior Underwriters within UK Political Risk team to drive business growth by leveraging on existing suite of credit products and new product development.
• Manage deal reporting, ongoing premium calculation, invoicing and liaising with internal & external stakeholders to maintain operational aspects of the policies within the Global Risk Solutions (GRS) book;
• Establish and strengthen relationships with financial institution clients, distribution partners and reinsurers to develop and grow the business.
• Negotiate Insurance policy wordings with brokers and financial institutions and reviewing facility documentation.
• Preparation of in-depth internal credit risk (including extensive financial statement analysis) & other related transaction material in support of underwriting requests and recommendations
• Proactively monitoring a diversified portfolio of Political Risk exposures to ensure compliance with internal policies and preparing regular updates and reporting for management (e.g. covenant monitoring, obligor performance, sector and country analysis)

• Bachelor’s Degree, preferably Finance related.
• 3+ years working experience in Insurance sector preferably with credit analysis experience.
• Transactional experience in Political Risk / Structured Credit is desirable.
• Analytical thinker and self-motivated to manage several new transactions at once, whilst dealing with existing transactions.
• Conscientious and diligent, able to manage time pressure and adhere to deadlines.
• Excellent Interpersonal skills and a strong team player.

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.

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.

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 candidatecare@aig.com.