Production Specialist – Lexington Casualty
Who we are
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 solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
Lexington Insurance Company is the leading U.S.-based surplus lines insurer. For over 50 years, we have provided flexible solutions to companies and organization 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 our entrepreneurial spirit, our employees are encouraged each day to rise to challenges and embrace opportunities to make a difference.
Lexington Insurance is headquartered in Boston, Massachusetts.
About the role
Summary:
As a Casualty Production Specialist, you will be focused on developing a profitable book of Casualty business by building relationships with internal and external stakeholders to source high quality submissions, determine/prioritize submissions to be underwritten, risk evaluation, pricing range suggestions, and terms and conditions recommendations and quote/negotiate pricing with broker.
What you need to know:
- Communicate risk appetite and AIG Value Proposition to brokers
- Collaborate with BDMs, Territory Managers, and other line of business underwriters to target desirable accounts from brokers
- Rapidly evaluate, prioritize, and select submissions to be underwritten
- Evaluate and price risks according to guidelines.
- Recognize and create cross sell opportunities for other Commercial products
- Work with broker to understand the deal structure, terms, and AIG Services that best meets clients’ needs
- Negotiate pricing, terms, and conditions, & deal structure with brokers
- Participate in special underwriting projects as needed
- Develop strong, long-term relationships with brokers and clients to profitably grow a book of business
- Provide superior customer service to brokers and clients
What we are looking for:
- An undergraduate bachelor's degree
- 3+ years of Commercial Insurance Company, Agency or Brokerage experience
- Proven ability to build and maintain strong professional relationships
- Working knowledge of US Casualty lines of business including product features, forms, regulatory environments, and risks etc.
- Highly motivated and results-oriented
- Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
- Willingness to be flexible, learn on the job, and maintain a can-do attitude
- Comfort with analytical tools and technology
For positions based in New York City, the base salary range for this position is $60,000 - $84,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan
A look at our Benefits
We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. 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.
To learn more please visit:
https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to
candidatecare@aig.com
. Reasonable accommodations will be determined on a case-by-case basis.
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Lexington Specialty Insurance Agency, Inc.