What are the responsibilities and job description for the Product Line Manager, Lexington Casualty position at AIG?
At AIG, we are reimagining the way we help customers to manage risk. Join us to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
Lexington Insurance
AIG’s Lexington Insurance Company is the leading US-based surplus lines insurer. For over 50 years, it has provided flexible solutions to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients. Drawing on their entrepreneurial spirit, colleagues are encouraged each day to rise to challenges and embrace opportunities to make a difference.
About The Role
This position reports to the Division head of Casualty.
What you need to know:
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 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 inclusion 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
Lexington Insurance Company
Lexington Insurance
AIG’s Lexington Insurance Company is the leading US-based surplus lines insurer. For over 50 years, it has provided flexible solutions to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients. Drawing on their entrepreneurial spirit, colleagues are encouraged each day to rise to challenges and embrace opportunities to make a difference.
About The Role
This position reports to the Division head of Casualty.
What you need to know:
- Deep Casualty industry expertise to manage and oversee the underwriting of complex risks
- Responsible for the development of specific product line strategies and have direct ownership over the Budget and P&L for the product line
- Lead all aspects of portfolio management and client/broker-facing activities
- Drive consistent underwriting best practices and guidelines across zones and segments to ensure rating and pricing adequacy of the business
- Establish field underwriting authority levels for the product in conjunction with Division Heads, Field Management and the Lexington CUO
- Provide the marketplace with thought leadership and participate in Industry Practice Groups
- Responsible for the development and execution of product line strategy leading to top line growth while maintaining strong underwriting discipline and profitability
- Manage risk appetite and reinsurance (treaty and facultative) strategy in conjunction with Division Head and Lexington Reinsurance Officer within parameters set by Global Underwriting and Reinsurance Officers
- Develop and ensure effective utilization of detailed monitoring standards including quality reviews to assess underwriting results and loss ratios down to the account level Understanding of regulatory and compliance processes
- Implement, manage and ensure accuracy of aggregation strategy which has been set with the Lexington Division Head
- Establish relationship with Distribution and geographic leadership to collaboratively market/distribute product and create mutual understanding of overall parameters and goals with National view on trends
- Develop talent acquisition strategy to ensure the best talent is in place to underwrite risks
- Assess technical specialization and segments within each product to determine priorities, provide referral and other support to underwriters, and develop execution strategy
- Work with broker, clients and internal resources to develop innovative new products and capitalize on Lexington competitive advantage
- Broad based insurance industry experience with specialization in Casualty product
- Preferred minimum of 15 years of insurance operational management experience
- Knowledge of market segmentation, portfolio management, acquisition and distribution
- Process and system skills
- Advanced knowledge of reinsurance and first party insurance
- Strategic orientation, managing vision and purpose, developing organizational capability
- Strong influencing and communications skills and ability to work across multiple areas of company and industries
- Change and team leadership, as well as, external thought leadership
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 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 inclusion 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
Lexington Insurance Company
