Assistant Underwriter
1d ago

Functional Area : VA - Validus Estimated Travel Percentage (%) : No Travel Relocation Provided : No Talbot Underwriting Services Ltd (TS1) Assistant Underwriter 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 products, and other financial services to customers in more than 80 countries and jurisdictions.

Talbot (Lloyd’s of London Syndicate 1183) is a member company of AIG offering both insurance and reinsurance from the London Market with offices and a local presence in Asia Pacific, London, Miami and Santiago.

Talbot are leaders in the War and Terrorism, Energy, Marine, Financial Lines and Cyber insurance sectors. We also focus on additional specialty classes such as transport, political risk, crisis management, kidnap and ransom, contingency, property and treaty reinsurance.

  • The team The Political Risk team is part of the Political Lines Division, which includes Crisis Management. Political Risk is made up of Contract Frustration, Credit and Expropriation;
  • Crisis Management includes Product Recall, Auto Components, Malicious Product Tamper and Kidnap & Ransom. The planned gross written income for the division for 2019 is $101.

    25m with a projection to grow to $111.8m for 2020. 69% of the gross income is from the Political Risk book and 31% is attributed to Crisis Management.

    The Crisis Management book is expected to grow to 34% of the division in 2020. The opportunity The role is for an Assistant Underwriter to support the underwriting team in London.

    The successful candidate will be expected to be granted their own underwriting authority to underwrite in accordance with the authority granted and to develop their skills and knowledge to further their career with a view to becoming a Class Underwriter.

  • About you As Assistant Underwriter your skills and qualifications will include : - At least 18 months relevant experience;
  • Diploma in Insurance (DipCII); Excellent IT skills; What can Talbot offer you? In addition to your basic salary, we offer a generous benefits package which includes 25 days holiday;
  • private medical coverage; a highly competitive non-contributory pension scheme and contribution towards a wellbeing activity.

    Talbot is an Equal Opportunities employer and is committed to eliminating discrimination of all types and actively promotes equality, diversity and inclusivity.

    We believe that taking a more inclusive approach to all aspects of the employee lifecycle creates an environment that allows talent to flourish, more effective collaboration, greater productivity and strong employee engagement.

    We also demonstrate our commitment to Corporate Social Responsibility (CSR) through charitable giving and supporting our local community through a range of events and initiatives.

    Talbot recognises the desire of employees to work more flexibly both in terms of hours and location and therefore welcome discussions in order to facilitate this where possible.

    We are committed to ongoing personal and professional development, and provide a high level of support in order to help all of our colleagues achieve their full potential.

    It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer.

    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.

    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.

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