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Regional Underwriting Manager – LexPro (Lexington Financial Lines)
Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 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.
Get to know the business
Lexington Insurance Company, the leading U.S. based Excess and Surplus Lines company, is strengthening leadership position in the E&S market. We aspire to make Lexington the best in the industry for all of our product and services; driving an end-to-end business that delivers exceptional outcomes for our brokers and clients. Lexington is the home of specialized underwriters, addressing the most challenging risks in the market, providing thought leadership and innovative solutions, supported by Claims and Operational expertise, all working together to solve our client’s needs as quickly as possible
About the role
Summary:
The Regional Manager for LexPro will be based in NYC Metro and report to the Head of LexPro. This role will be responsible for the management of a team of underwriters, and oversee the execution of underwriting strategies for this portfolio of business. This position has direct accountability for the results of their unit with respect to profitability, growth and team composition.
What you need to know:
- Monitor the performance of all products in the P&L
- Independently select, monitor, and price new and renewal business according to Company guidelines per Underwriter’s level of authority as outlined in individual “Authority Letter”.
- Market our products and services and travel to assigned wholesale brokers.
- Communicate with brokers regarding rating, underwriting and policy issuance issues.
- Deliver profitable growth through effective risk selection; execute on rate, coverage and limits management strategies; drive targeted correction or remediation strategies as needed
- Deliver consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy
- Support regional field underwriting staff through training and development activities
- Serve as key referral point for field underwriting staff within stated authority; apply knowledge of market and industry to provide guidance on complex risks, exposures, and decisions
- Serve as the point person between the Lexington region & Financial Lines team and Distribution
- Carry messages both internally and externally; deliver a consistent message to key broker partners and clients
- Work collaboratively with all members of the Lexington Regional leadership team as well as Actuarial, Legal and Claims departments
- Promote a healthy risk culture through staff meetings, trainings, and promotion of regular risk reporting
- Help create a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work
- Represent the company in a professional manner at industry functions, conventions, and corporate events.
What we are looking For:
- An undergraduate degree
- Minimum 8+ years of Commercial Insurance Company, Agency or Brokerage experience, within the Professional Liability space.
- Proven ability to build and maintain strong professional relationships
- Advanced knowledge of US Professional Lines business including product features, forms, regulatory environments and risks etc.
- Demonstrated sales, marketing, and relationship building experience, ideally with the Wholesale marketplace
- Experience managing or leading a team and/or a P&L
- Commercial in approach; goal-oriented but flexible enough to value different methods of achievement
- Strong influencing and communications skills; able to work across multiple areas both internally and externally
- Highly developed leadership skills that inspire teams to realize their potential
- Ability to challenge effectively both people and portfolio strategy with the ability to effect change where appropriate
- Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
- Willingness to be flexible, learn on the job, and maintain a can-do attitude
- Comfort with analytical tools and technology
- Available to travel when required
The base salary range for this position is $115,000 – $170,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here:
Benefits Overview
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A look at our Benefits
We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues’ development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
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
. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
UW – Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Lexington Specialty Insurance Agency, Inc.
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