American International Groupposted 3 days ago
$105,000 - $148,000/Yr
Full-time • Mid Level
Houston, TX
Insurance Carriers and Related Activities

About the position

Join us as the Deputy Head of D&O Product to step into a key team role. This role will be responsible for partnering in the development and dissemination of education, thought leadership, policy forms and enhancements for the D&O portfolio across all business units - Public Company National Accounts ($1B+ Revenue), Public Company Corporate Accounts (<$1B Revenue), Financial Institutions Accounts, and Private Non-Profit Accounts across North America, Canada, and Bermuda.

Responsibilities

  • Partner to create D&O trainings and presentations to enhance knowledge of the product, both internally and externally, across business units and regions in Financial Lines.
  • Research novel issues regarding coverage, sources of liability and claims trends and assist in presenting findings to internal and external stakeholders.
  • Coordinate with claims to identify trends and ensure realization of the D&O product as expected.
  • Provide guidance and facilitate dissemination of knowledge regarding common coverage issues and solutions.
  • Research and prepare thought leadership papers on claims trends and product offerings.
  • Develop broker specific endorsement suites for the D&O Statement, Side A Statement as well as other D&O and Side A policy forms.
  • Coordinate coverage enhancements provided for private non-profit and FI panels, and create and maintain an organized system to provide enhancements going forward.
  • Assist in the creation of a new D&O coverage section for a new policy forms for use on private non-profit D&O accounts, including commercial and FI accounts.
  • Maintain and update endorsement express tool to ensure appropriate use and lifespan of endorsements.
  • Create and Track engagement of D&O public company securities panel counsel and private non-profit D&O panel counsel (both duty and non-duty to defend panels).
  • Collaborate with legal and regulatory teams, including state filings, to create D&O and Side A rating plans, as well as maintenance filing of endorsements and policy forms.
  • Develop strategy with operations team to promote efficient use of all broker specific endorsement suites.
  • Drive consistency of underwriting best practices and guidelines regarding coverage enhancements, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
  • Work collaboratively with all Financial Lines Business Heads, Zonal Executives, the Chief Underwriting Office and Actuarial, Legal and Claims departments.
  • Foster a culture that promotes collaboration, innovation, diversity, equity and inclusion.

Requirements

  • 5+ years Financial Lines Underwriting, Brokerage, Claims, Legal or equivalent experience in areas of project management, business analysis, etc.
  • Strong written & verbal communication skills, including presentation and training facilitation.
  • Ability to identify issues, collaborate to solve problems, learn rapidly, exercise influence, and manage and prioritize multiple concurrent projects.
  • Ability to collaborate with others to effect change where appropriate.
  • Commercial mindset with a proven understanding of how to be effective and productive within a matrixed structure.
  • Collegial and collaborative in approach and style.

Nice-to-haves

  • Technical expertise in Management Liability Products, preferred.
  • Knowledge of the D&O product, including features, forms, regulatory environment, and risks, preferred.

Benefits

  • Competitive salary range based on location.
  • Eligible for a bonus in accordance with the terms of the applicable incentive plan.
  • Comprehensive benefits package focused on health, wellbeing, and financial security.
  • Professional development opportunities.
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