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AIG · 2 weeks ago

Chief Product Line Underwriting Officer, Casualty Specialty Markets

Atlanta, GA

Full-time

Onsite

Director/Executive

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Chief Product Line Underwriting Officer for Casualty Specialty Markets. This role involves driving underwriting excellence, leading teams, and ensuring adherence to underwriting guidelines while fostering collaboration across various departments.

BankingFinancial ServicesInsurance

Responsibilities

Driving underwriting excellence across the business by establishing and ensuring adherence to peer review process, risk appetite, underwriting guidelines, net limits management and portfolio rate and pricing adequacy

Lead HO underwriting team in efficiently handling referrals from field underwriters for a diverse array of new and renewal accounts, with emphasis on risk selection, loss rating, program design, pricing, and coverage evaluation

Working with NA CUO and Casualty leadership, develop framework for underwriting authority and assign specific authority to Field Underwriters and Managers

Serve as a technical expert about underwriting issues and provide product specific training to field underwriting teams on an ongoing basis, while driving a culture of collaboration and continuous improvement between HO and the field

Lead detailed monitoring standards / quality reviews to assess loss ratios and underwriting results

Drive the collaboration with Legal, Claims, Actuarial, Filing/Regulatory, and Operations on individual account or portfolio issues

Demonstrate understanding of regulatory and compliance processes and ensure AIG stakeholders understand the Casualty business model, underwriting methodology, and the risks we assume

Ensure an effective reinsurance strategy that supports our risk appetite for per risk and aggregation across all product lines, as well as active management of the portfolio

Working with NA CUO, develop and manage all product underwriting guidelines so they are current and recognize emerging issues

Establish strong relationships with regional leadership; create mutual understanding of overall parameters and goals to drive effective execution of business model

Qualification

Underwriting excellenceRisk selectionPricing strategyRegulatory compliancePortfolio managementTechnical expertiseContinuous improvementCollaborationRelationship building