Underwriting Specialist, Energy

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriting Specialist, Energy to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

AIG has an exciting opportunity for an experienced Underwriter to join our Energy and Engineered Risk Property Team focusing on property coverage for clients in the power and utility sector.

How you will create an impact

• Underwriting and managing an existing book of traditional power and renewable energy risks and developing and underwriting a pipeline of new business opportunities across the country

• Collaborating with peers in other regions and providing technical underwriting support on existing accounts in those regions, ensuring a consistent approach to market throughout the country.

• Negotiate terms and conditions with brokers and clients

• Communicating our value proposition with our brokers and clients and demonstrating our right to win

• Identifying future industry trends, understand how they will impact ours our client’s business and developing new strategies around those trends

• Communicating to internal stakeholders on the profitable of the portfolio

• Providing superior customer service to brokers and clients.

• Attend client/broker meetings, presentations and relevant industry events on behalf of the company.

• Participating in special underwriting projects as needed.

What you'll need to succeed

• Minimum of five years of experience in the power and renewable energy property insurance market

• Bachelor’s degree from a four-year college or university.

• Advanced technical knowledge of the power and renewable energy space including Gas and Steam Turbine, Wind, Solar and Battery Storage, understanding key hazards associates with them, industry loss trends and the ability to differentiate risks

• Ability to rapidly evaluate, prioritize and select submissions to be underwritten.

• Ability to analyze policy wordings

• Demonstrated knowledge of current market conditions, trends and the ability to leverage that knowledge to give us right to win

• Relationships with tier 1 and 2 brokers and the ability to develop new relationships

• Demonstrated sales, marketing, and relationship building experience.

• Strong verbal and written communication skills

• Ability to work in a fast-paced environment making quick decisions while adhering to sound underwriting discipline

• Willingness to travel 25% of the time

For positions based in New York City, NY, the base salary range is $81,000-$109,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.   A summary of benefits  can be viewed here: US Benefits Overview

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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 inclusion

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 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 [email protected].