Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
About the role
What you need to know:
Provide Oversight of the entire UK M&A team, and direct management of senior members of the M&A team. Leading the UK M&A underwriting team on a variety of transactional insurance solutions, including representations and warranties insurance and contingent liability insurance.
Act as the senior UK point of contact for clients, brokers and other deal professionals.
Act as a final referral point for the underwriting team for transactions being underwritten in the UK, before deals need to be escalated to the Global Head of M&A.
Work with UK Financial Lines management team, and the Global Head of M&A to implement broader FL and M&A strategies.
Accountable for the recruitment and training of senior members of the M&A underwriting team.
Work with the Global Head of M&A and legal on new product ideas, and significant enhancements to policy wordings and coverages.
Be the first point of contact with the M&A Claims team in the UK and ensure that teams are working in conjunction with each other, and that claims lessons are being passed on to underwriters.
Drive business strategy, growth and distribution through detailed analysis of data.
Participate in the external marketing / business development opportunities to promote M&A insurance at AIG.
Grow the UK team in accordance with the demands of the business and ensure the right org design is in place to support the business to optimize efficiency.
Ensure compliance with AIG policies and procedures.
What we’re looking for:
Leadership Skills
Ability to lead a large team of highly qualified professionals.
Ability to work with other parts of the AIG organization outside M&A to ensure integration of M&A into broader Financial Lines group.
Strong written and oral communication skills.
Ability to manage and coach members of the team.
Detailed understanding of complex corporate structuring and financing arrangements.
Ability to negotiate with commercially and legally sophisticated advisors and clients.
Highly focused, enthusiastic, and creative thinker.
Strong interpersonal skills and ability to collaboratively work on a global basis.
Ability to understand and execute commercial decision making against a backdrop of legal risk assessment.
Technical Skills & Experience
Ability to manage challenging workloads, and to prioritize competing needs on time.
Ability to multitask, and to be decisive on technical underwriting points.
High competency in understanding complex corporate M&A transactions and drafting transaction documents.
Ability to offer strategic advice on underwriting transactions and how to deal with difficult situations.
Strong negotiating skills.
Specific knowledge of transactional legal exposures (warranty breaches, tax structuring issues, litigation and computation and measure of damages).
Competency in external speaking, including to the media.
5 or more years’ experience in M&A legal, corporate finance or other relevant business.
Previous management experience required – ideally in M&A insurance.
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be…