Global Network Reinsurance - Policies & Contracts

Posted:
8/1/2024, 5:00:00 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Join us as a Global Network Reinsurance Executive to play a highly influential role in protecting our clients and growing our business.

Make your mark in Multinational

AIG’s Multinational business is an exciting area that will challenge you every day to explore new opportunities for our clients worldwide. As a trusted advisor, you will tailor multinational insurance solutions for our global clients, empowering them to operate across borders with confidence and consistency. Partner with a dynamic, global team of experts, including underwriters, risk engineers, and analytics and claims professionals, to design, implement and service multinational insurance programs. This includes issuing timely policies, providing regulatory advice, sharing local knowledge, supporting efficient money movement capabilities, and deploying large, fronted limits. AIG Multinational professionals have the diverse skills and expertise necessary to deliver customized, compliant, and seamless solutions that support our clients’ risk management objectives. With in-depth knowledge of local markets, practices and regulations, Multinational provides world-class insurance solutions and helps clients successfully navigate their cross-border risks, wherever in the world their businesses take them.

How you will create an impact:

This role provides a single point of accountability, reporting, governance, and subject matter expertise in respect to AIG’s Global Network and Network Partner related reinsurance arrangements; working in close collaboration with Multinational, Intercompany Reinsurance, Legal and other relevant stakeholders to strengthen and improve efficiency, execution, reporting and governance of AIG’s Network & Network Partner reinsurance.

  • Maintain & manage AIG’s Multinational Consolidated Reinsurance Schematic, ensuring its accuracy, completeness and connectivity/alignment with relevant systems, functions/business units and records.
  • Manage (& where possible rationalize) AIG’s Network reinsurer registrations
  • Rationalize and administer Network Partner Reinsurance related signing requirements on behalf of AIG UK in support of multinational business.
  • Review, maintain current and administer automated Facultative Certificate processes supporting multinational business.
  • Analyze the impact of local insurance and reinsurance regulatory and operational changes on Multinational programs across the AIG global network.
  • Act as AIG Network Reinsurance “sme”, providing input to discussions around Multinational Reinsurance model(s).
  • Support Intercompany Reinsurance Team in annual drafting, execution, operationalization & management of:
    • Standardized Quota Share Treaties
    • Standalone Multinational Treaties
    • Compulsory local reinsurance/retrocessions
  • Oversight of Tata AIG (India) Producing Office Reinsurance.
  • Identify & implement improvement opportunities for existing processes

What you'll need to succeed:

  • Understand reinsurance regulations and their implications.
  • Problem solving skills / ability to design and implement efficient solutions to complex reinsurance issues.
  • Strong execution skills
  • Team-working skills
  • Project management experience
  • Ability to clearly articulate ideas and influence outcomes
  • Collaborative with the ability to build strong relationships with key stakeholders.
  • Ability to identify operational improvements and gain technical knowledge / experience to carry out those improvements.

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 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.

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 [email protected].  

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

American International Group

Website: https://aig.com/

Headquarter Location: New York, New York, United States

Employee Count: 10001+

Year Founded: 1919

IPO Status: Public

Industries: Commercial Insurance ⋅ Financial Services ⋅ Health Insurance ⋅ Insurance ⋅ Lending ⋅ Life Insurance ⋅ Property Insurance ⋅ Real Estate Investment ⋅ Retirement ⋅ Risk Management