Head of Marine- FAC Reinsurance, GCC & North Africa

Head of Marine- FAC Reinsurance, GCC & North Africa
Apply locations Dubai time type Full time posted on Posted 6 Days Ago time left to apply End Date:
March 31, 2025 (30+ days left to apply) job requisition id JR2406160
At AIG, we are reimagining the way we help customers to manage risk.
Join us as a Head of Marine- FAC Reinsurance, GCC & NA 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 Marine 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.
How you will create an impact
Job Purpose:

Effectively and profitably underwrite, market, sell and promote all Marine products within GCCNA.
This role will be responsible for Profit and Sales for the Marine division with specific focus in UAE.
Responsible for the profitable underwriting of new business production and renewal retention of Marine products for assigned territory developed through Brokers, Direct Clients and Business Development Managers.
Job Accountabilities:


Maintain and develop strong broker/client relationships.
Ensure account retention rates are maintained as per company/department norms.
Underwrite new and renewal business to promote premium growth within UW authority.
Achieve overall production goal in collaboration with the Underwriting Manager.
Provide sound underwriting decisions, exhibit flexibility, and price risks to achieve established profit goals for the company.
Provide feedback on renewal loss ratios that exceed permissible.
Identify poor performing accounts.
Review / refresh existing products on 18/24-month cycle.
Innovation and development of new products or offerings on 18/24-month cycle.
Ensure the use of technology mainly for high volume, small ticket policies.
Bring in efficiency to existing processes by using the available technologies.
Maintain the Marine Underwriting Guidelines that adhere to all corporate and support the strategy and profit goals of the company.
Ensure that all marine pricing tools are being used correctly and that all marine quotes, binders and policies are issued in accordance with regulatory and corporate policies.
Adhere to underwriting authority & underwriting guidelines referenced in the AIG Marine Intranet site.
Ensuring that all underwriting decisions are documented in the underwriting file.
Handling of all process-oriented tasks ensuring a smooth process.

What you'll need to succeed
Internal:
Collaborates with other team members and peer underwriters within Commercial Lines.
External:
Business relationships with brokers/producers, Clients, Risk Managers, Loss adjusters.
Key Competencies

Strong interpersonal and communication skills, both written and verbal.
Negotiation skills.
Underwriting experience in direct insurance and reinsurance markets.
Problem-solving skills and a logical approach to work.
Sound judgement and decisiveness.
Ability to work to tight deadlines.
Team player.
Customer service attitude.

Ready to take your career to the next level? We would love to hear from you.
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs).
With global chapters, ERGs are a cornerstone for our culture of inclusion.
The diversity 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 ***.
Functional Area:

UW - Underwriting AIG MEA Limited
At AIG, helping people discover new potential is our purpose.
As a global risk leader, we do this for our clients every day.
Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.
But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation.
When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together.
We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
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