American International Group

Class Underwriter, Marine and Energy Liabilities

American International Group

London, UK
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

At American International Group (AIG), we are seeking a highly skilled and motivated Class Underwriter to join our Marine and Energy Liabilities team. This is a challenging and exciting opportunity to play a key role in assessing and managing risk for our clients in the maritime and energy industries. As a Class Underwriter, you will be responsible for evaluating and underwriting various types of liability insurance, including marine cargo, hull and machinery, and energy liability. We are looking for a candidate with strong analytical skills, excellent communication abilities, and a deep understanding of the marine and energy sectors. If you are a driven and detail-oriented professional with a passion for risk management, we encourage you to apply for this position.

  1. Conduct risk assessments: The Class Underwriter will be responsible for evaluating and assessing the potential risks associated with different types of liability insurance in the maritime and energy industries.
  2. Underwrite insurance policies: Using their expertise and knowledge of the industry, the Class Underwriter will underwrite insurance policies that are tailored to meet the specific needs of clients in the marine and energy sectors.
  3. Analyze data: The Class Underwriter will need to have strong analytical skills in order to review and analyze data related to client risk profiles, industry trends, and other relevant information to make informed underwriting decisions.
  4. Manage risk: This role requires the Class Underwriter to effectively manage risk by ensuring that policies are appropriately priced and that adequate coverage is provided to clients.
  5. Communicate with clients: The Class Underwriter will be responsible for communicating with clients to understand their insurance needs and provide them with tailored solutions.
  6. Collaborate with team members: This position will require the Class Underwriter to work closely with other members of the Marine and Energy Liabilities team to share knowledge, insights, and best practices in order to effectively manage risks.
  7. Stay updated on industry trends: The Class Underwriter will need to stay up-to-date on industry trends, regulatory changes, and new developments in the marine and energy sectors to make informed underwriting decisions.
  8. Maintain accurate records: It is important for the Class Underwriter to maintain accurate records of underwriting decisions, policy changes, and other relevant information for future reference and reporting purposes.
  9. Adhere to company policies and procedures: The Class Underwriter must adhere to all company policies and procedures related to underwriting, risk management, and data privacy and security.
  10. Provide excellent customer service: As a representative of AIG, the Class Underwriter must provide excellent customer service to clients, brokers, and other stakeholders by promptly addressing any questions or concerns and providing timely and accurate information.
Where is this job?
This job is located at London, UK
Job Qualifications
  • Extensive Knowledge Of Marine And Energy Insurance Policies And Coverages: A Class Underwriter Should Have A Deep Understanding Of The Marine And Energy Insurance Industry, Including The Various Types Of Policies And Coverages Offered. This Knowledge Is Essential For Accurately Assessing Risks And Determining Appropriate Premiums.

  • Strong Analytical And Underwriting Skills: As A Class Underwriter, The Ability To Analyze Complex Risks And Make Sound Underwriting Decisions Is Crucial. This Requires Strong Analytical Skills, Attention To Detail, And The Ability To Effectively Evaluate Risk Exposure.

  • Experience In Underwriting Large And Complex Risks: American International Group Deals With A Wide Range Of Marine And Energy Risks, Including Large And Complex Accounts. A Class Underwriter Should Have Prior Experience In Underwriting And Managing These Types Of Risks, As Well As A Proven Track Record Of Successful Outcomes.

  • Excellent Communication And Negotiation Skills: Effective Communication And Negotiation Are Essential For A Class Underwriter, As They Work Closely With Brokers, Clients, And Other Stakeholders To Develop Insurance Solutions. This Includes The Ability To Clearly Explain Underwriting Decisions And Negotiate Terms And Conditions With Clients.

  • Industry Knowledge And Market Awareness: In Addition To Technical Skills, A Class Underwriter Should Also Possess A Strong Understanding Of The Marine And Energy Insurance Market. This Includes Staying Updated On Industry Trends, Changes In Regulations, And Competitor Offerings, Which Can Help Inform Underwriting Decisions And Identify Potential Growth Opportunities.

Required Skills
  • Financial Analysis

  • Product Development

  • Negotiation skills

  • Policy Analysis

  • Claims Management

  • Compliance Management

  • Risk assessment

  • Contract review

  • Market Knowledge

  • Underwriting Guidelines

  • Loss Control

Soft Skills
  • Communication

  • Conflict Resolution

  • Customer Service

  • Leadership

  • Time management

  • creativity

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Class Underwriter, Marine and Energy Liabilities in London, UK is £60,000-£80,000 per year. However, this can vary depending on factors such as experience, company, and location. Some underwriters may also receive bonuses and commission based on their performance.

Additional Information
American International Group is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedApril 3rd, 2025
Apply BeforeMay 22nd, 2025
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About American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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