Senior Underwriter, Lex London Property

AIG; Greater London; On-site; GBP 125,000 - 150,000; Full time

Job summary

A large insurance provider in Greater London is seeking a Senior Underwriting Specialist to maintain and develop a profitable book of US Property business. The role involves risk analysis, decision-making on submissions, and collaboration across teams to enhance service. Ideal candidates have a strong background in property insurance with demonstrated analytical, negotiation, and interpersonal skills. This position emphasizes in-person collaboration within a supportive team environment focused on wellbeing and professional development.

Benefits

Comprehensive benefits package

Professional development opportunities

Supportive work environment

Qualifications

• Significant property insurance experience, preferably US domiciled.
• Demonstrated business savvy and strong analytical skills.
• Candidate should be self-motivated with strong presentation skills.

Responsibilities

• Maintain and develop a profitable book of US Property business.
• Analyse and evaluate risks, recommend acceptance or modifications.
• Collaborate with managers and underwriters on target accounts.

Skills

Property insurance experience

Analytical skills

Interpersonal skills

Negotiation skills

Sales and marketing experience

Job description

For more than 50 years, Lex-London has been providing innovative insurance coverage and services to companies ranging from Fortune 100 leaders, to smaller but complex risks. As a leading surplus lines insurer, we use our unique flexibility in rate and form to benefit both traditional and the most challenging risks.

As a Senior Underwriting Specialist you will be focused on maintaining and developing a profitable book of US Property business. This position will be responsible for analysing and evaluating risks, recommending, or deciding to accept, reject, or modify risks and coverage conditions within limits of delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives.

How you'll make an impact

• Focus on US Property business underwritten from the London Market.
• This level underwriter typically performs highly technical complex assignments within area of expertise.
• Provides technical direction to management, less senior specialists, producers, and claims adjusting personnel.
• Communicate US Property risk appetite and NA Property Value Proposition to brokers and clients.
• Accepts, declines, or modifies new and renewal submissions submitted by brokers. Identifies exposures and analysis required to underwrite an account, as well as the coverage policies, and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions. Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals. Establishes new business production goals and submission flow relative to the book of business.
• Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers while soliciting customer/producer input for improving and enhancing service.
• Develops and implements pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and NA Property strategy.

What you'll need to succeed

• Significant Property insurance experience, preferably US domiciled
• Knowledge of market segmentation, portfolio management, acquisition and distribution
• Established strong relationships with customers and intermediaries
• Demonstrated business savvy, analytical and quantitative skills
• Expert technical underwriting background
• Analytical and quantitative skills.
• Demonstrated sales, marketing, and relationship building experience.
• Candidate should be positive, energetic, self‑motivated; possess strong interpersonal, communication and presentation skills; be well‑organized, and have strong negotiating skills.
• Knowledge of market segmentation, portfolio management, acquisition, and distribution.
• Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.

Ready to take the next step in your career? We'd love to hear from you

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 [e-mail].

Functional Area: UW - Underwriting AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd