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Global Network Reinsurance - Policies & Contracts

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American International Group (AIG)

Aug 3

  • Job
    Full-time
    Senior Level
  • London
  • Quick Apply

AI generated summary

  • You must understand reinsurance regulations, possess problem-solving and execution skills, have project management experience, and excel in collaboration, communication, and operational improvement.
  • You will manage reinsurance arrangements, maintain the Consolidated Reinsurance Schematic, oversee partner registrations, analyze regulatory impacts, and support treaty drafting and process improvements.

Requirements

  • 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.

Responsibilities

  • - 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.

FAQs

What role will I play as a Global Network Reinsurance Executive?

As a Global Network Reinsurance Executive, you will be responsible for protecting clients and growing our business by tailoring multinational insurance solutions, collaborating with a global team of experts, and managing reinsurance arrangements.

How does AIG's Multinational business benefit clients?

AIG's Multinational business empowers clients to operate across borders with confidence by providing customized, compliant insurance solutions and helping them navigate cross-border risks.

What are the primary responsibilities of this role?

Key responsibilities include managing AIG’s Multinational Consolidated Reinsurance Schematic, overseeing Network reinsurer registrations, administering automated Facultative Certificate processes, analyzing regulatory impacts, and identifying process improvement opportunities.

What qualifications are necessary to succeed in this position?

You should understand reinsurance regulations, possess strong problem-solving and execution skills, have project management experience, and be capable of building strong relationships with stakeholders.

Is there a travel requirement for this job?

Yes, the estimated travel percentage for this role is up to 25%.

What type of benefits does AIG offer?

AIG offers a comprehensive Total Rewards Program, focusing on health, wellbeing, financial security, and professional development.

How does AIG foster a culture of inclusion?

AIG fosters inclusion through flexible work arrangements, diversity and inclusion learning programs, cultural awareness activities, and Employee Resource Groups (ERGs) that celebrate the diversity of our employees.

Are there opportunities for professional development at AIG?

Yes, AIG invests in continuous learning and development, providing opportunities for employees to grow in their careers.

Does AIG provide accommodations for applicants with disabilities?

Yes, AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

What is the job's functional area?

The functional area for this role is Underwriting (UW).

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American International Group (AIG)

Finance
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. AIG common stock is listed on the New York Stock Exchange. AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Benefits

  • Physical and Mental Health benefits

  • Market-aligned base pay

  • Equitable incentive compensation

  • Life and disability insurance options