Description

Chief Underwriting Officer - North America Casualty

This position reports to the EVP, Global Chief Underwriting Officer

The Chief Underwriting Officer - North America Casualty and their team will work closely with the International CAS CUO office and North American business units and have oversight for the underwriting of business for NA Casualty (including Retail, Wholesale, and Alternative Channels).

Key responsibility is to enhance technical and analytical capabilities, position our portfolios for profitability, establish appropriate underwriting appetite, controls, guidelines and authorities, policy wording needs, and lead execution of learning and development framework for underwriters. This role also has responsibility to collaborate and support other AIG stakeholder groups.

This role is responsible for the US Reverse Flow Production and Underwriting Office, an International P&L sitting in NA, servicing for Multinational and Captive Business with local US policies produced outside of the USA.

The CUO - North American Casualty will work closely with the Global CUO, CUO International Casualty, and the NA Casualty Leaders to support global consistency in data quality, underwriting appetite, aggregation management, costing decisions and enhance underwriting quality across the businesses.

Job Responsibilities:

• Work with CUO and NA Cas Leaders to develop business strategies in coordination with the respective business leaders to successfully propel LOB product and client segments into a significant and profitable long-term, sustainable leadership position in the marketplace in support of the company's profit objectives over the long-term. This includes specific underwriting strategies, portfolio construction, controls, guidelines, and quality reviews to assess loss ratios, underwriting acumen, underwriting diligence and underwriting results.
• Implement CUO vision and value proposition in North American aligned with the Global CUO vision and that recognizes changing business and competitive environment dynamics including technological needs, key business drivers, risk analytic needs, and financial elements and demonstrate the value AIG brings to the different segments of its client and distribution network.
• Drive underwriting excellence across the business by establishing and ensuring adherence to underwriting best practices across geographies and products, risk appetite, line setting, standards and guidelines, policy wording requirements, and ensure rating and pricing adequacy.
• Collaborate across multiple disciplines and teams to drive enhanced and innovative underwriting capabilities and controls through an organized approach incorporating the core risk cornerstones of distribution, capital, analytics and technology.
• Select, evaluate and integrate new and relevant data sources into underwriting process.
• Collaborate with support functions such as the Product Office, Operations, Audit, COE, Modeling, Engineering, Natural Catastrophe Modeling, Actuarial, Claims, Regulatory and Legal to share insights and best practices across the organization.
• Be an active participant in the development and scaling of the AIG AI initiatives and "Underwriting by AIG Assist".
• Demonstrate understanding of regulatory and compliance processes and ensure AIG stakeholders understand the business model, underwriting methodology, and the risks we assume.
• Assist Ceded Re Team in gathering necessary information to execute on an effective reinsurance strategy that supports our risk appetite for per risk and aggregation across the product, as well as active management of portfolio volatility.
• Establish strong relationships with zonal and product leadership; create mutual understanding of overall parameters and goals to drive effective execution of business model.
• Work with the Global Head of Technical Underwriting Training to lead underwriter learning and development initiatives.
• Develop tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams.
• Be an active team focused and collaborative member of the Global CUO Leadership team.
• Drive a culture that promotes collaboration, diversity and inclusion.

TECHNICAL SKILLS & EXPERIENCE:

• At least 15 years insurance leadership experience, including oversight over products within a global, highly complex insurance company
• Knowledge of market segmentation, portfolio management, acquisition and distribution
• Proven Strategic Leadership skills in developing vision and purpose and leading effective teams
• Established strong relationships with customers and intermediaries
• Skilled leader of change; versatile, client focused, results oriented
• Demonstrated business savvy, analytical, financial and quantitative skills
• Expert technical underwriting background with advanced knowledge of specific LOB insurance and reinsurance for all industries
• Strong problem solving and conflict resolution

For positions based in New York, the base salary range is $300,000-$350,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits .

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 candidatecare@aig.com .

Functional Area:

UW - Underwriting

National Union Fire Insurance Company of Pittsburgh, Pa.
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