Full-Time

Underwriter Construction

AIG

AIG

10,001+ employees

Global insurer underwriting policies and investments

No salary listed

Frankfurt, Germany

In Person

Primarily office-based in Frankfurt.

Category
Finance & Banking (1)
Required Skills
Data Analysis

Get referred to AIG

See people who can refer or advise you

Requirements
  • You will have extensive experience underwriting profitable business in the Construction segment of large corporate international insurance.
  • You have recognized relationships with clients and brokers at peer group level and are well established within the market.
  • You have a specialized understanding of regional / local Construction insurance markets and competitor landscape.
  • You are capable of leveraging data and analytics to make business more efficient and effective.
  • You have a good understanding of the legal and regulatory environment.
  • You can design, develop and implement consistent, robust wordings for contracts.
  • You have excellent negotiation skills and the ability to build, maintain and expand relationships with key broker partners and clients.
  • You have excellent organizational and interpersonal skills.
  • You should be results-oriented.
Responsibilities
  • Actively source and underwrite new business to meet profitability targets.
  • Develop, grow, manage and maintain a profitable book of Construction accounts.
  • Underwrite in line with the Construction governance framework, including Underwriting Authorities, Underwriting Guidelines and Functional Rules.
  • Oversee a globally consistent data set of submissions and the historical loss results of that portfolio.
  • Drive involvement of functional areas in the underwriting process, including Market Management, Risk Consulting, Claims and Operations.
  • Manage referrals and undertake four-eye reviews with underwriters.
  • Contribute to the development and execution of regional underwriting strategy.
  • Create and maintain positive relationships with key producers, clients and other relevant stakeholders.
  • Ensure accurate policy documentation is issued to producers.
  • Provide training and support to junior members of the Construction team.
  • Manage assigned underwriting assistants where required.

AIG is a global insurer offering life, retirement, and commercial insurance for individuals and businesses. Customers pay premiums in exchange for coverage; AIG underwrites policies, pays claims, and invests premium income to earn returns, with a focus on risk assessment and data security. It stands out with a broad global presence and a diversified portfolio that includes Corebridge Financial, a subsidiary focused on retirement planning. Its goal is to help clients manage risk, protect assets, and achieve long-term financial security through comprehensive insurance and retirement solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1919

Get referred to AIG

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 adjusted after-tax income reached $1.1 billion, up 10% year over year.
  • General Insurance underwriting income rose 10% to $686 million, with combined ratio improving.
  • AIG returned $904 million in Q2 2026 and held a 30.7% trailing expense ratio.

What critics are saying

  • North America property remains under pressure; AIG cut exposure as pricing competition persists.
  • Q2 2026 catastrophe charges hit $210 million, including $75 million from Middle East losses.
  • A severe cyber aggregation or hurricane season would crush surplus and force capital raises.

What makes AIG unique

  • AIG's global commercial franchise drove Q2 2026 net premiums written up 9%.
  • Parametric Cloud Outage Solution with Parametrix pays cloud downtime claims faster than rivals.
  • Eric Andersen and Nancy Bewlay are sharpening underwriting discipline across General Insurance.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Company News

Yahoo Finance
Aug 16th, 2026
AIG launches parametric cyber cover for US cloud outage risks with Parametrix

American International Group has launched a parametric cloud outage cyber insurance product for US clients, developed with Parametrix. The solution covers business interruption risks from third-party cloud and software service provider outages. Claims are based on predefined outage triggers and external monitoring data, designed to accelerate the claims process. The product targets US businesses heavily reliant on cloud infrastructure and software platforms. AIG, a US insurance company with a market capitalisation of approximately $39.8 billion, aims to compete for larger cyber and professional liability programmes where cloud downtime recovery is crucial. The launch aligns with the company's focus on digitalisation and specialised products. Investors should monitor upcoming quarterly disclosures for cyber or parametric premium volumes and client uptake commentary to assess the product's market traction.

Yahoo Finance
Aug 12th, 2026
AIG Q2 revenue misses forecasts at $7.11B despite profit beat

AIG reported second-quarter revenue of $7.11 billion, missing analyst estimates of $7.27 billion despite 3.9% year-on-year growth. However, the insurance giant's non-GAAP earnings per share of $2 beat expectations by 3.7%. The revenue shortfall stemmed from deliberate contraction in North American property portfolios as management prioritised risk-adjusted returns amid increasing market competition. CEO Eric Andersen highlighted strong performance in accident and health products and high net worth personal lines. AIG is deploying artificial intelligence platforms to improve underwriting and claims processing whilst targeting expense ratio reductions below 30% by 2027. The company announced an acquisition of Everest Insurance's Colombia operations to expand in Latin American markets. Management maintains focus on balancing growth with profitability through disciplined underwriting and selective portfolio expansion.

Yahoo Finance
May 26th, 2026
AIG shares slip 9% YTD despite generating $3.2B net income, trading 10.9% below fair value

American International Group (AIG) shares currently trade at $77.05, down 9% year to date despite rising 3% over the past month. The stock has delivered a 50.4% total shareholder return over three years. The most popular valuation narrative suggests AIG is 10.9% undervalued, with a fair value of $86.45. This assessment relies on the company's digitalisation and artificial intelligence initiatives across underwriting and claims, which could enhance operational efficiency and margins. AIG generated $26.7 billion in revenue and $3.2 billion in net income. However, the stock trades at 12.9 times earnings, above both the US insurance industry average of 11.3 times and its own fair ratio of 12.7 times. Key risks include climate exposure and claims inflation potentially pressuring margins.

Yahoo Finance
May 16th, 2026
AIG appoints Thomas Stoddard to board ahead of 2026 CEO transition to Eric Andersen

American International Group has appointed Thomas Stoddard as an independent director, aligning with its planned CEO transition to Eric Andersen on 1 June 2026. Stoddard will serve on the Audit Committee. Stoddard brings extensive experience across insurance, asset management and investment banking, including CFO roles at Aviva and Athora, and currently serves on Prudential Financial's board. His background in capital structure, mergers and acquisitions, and reinsurance may inform AIG's decisions on capital allocation, buybacks and portfolio reshaping. The appointment strengthens board oversight ahead of the leadership change, particularly around risk management, underwriting discipline and balance sheet strength. Investors can monitor how Stoddard's influence appears in future disclosures on business mix and capital priorities as AIG navigates the transition.

Yahoo Finance
May 1st, 2026
AIG reports 'exceptional' Q1 with underwriting income tripling to $774M

American International Group reported what CEO Peter Zaffino called an "exceptional" first quarter, with strong underwriting results and double-digit premium growth in General Insurance. Net premiums written in General Insurance increased 18% year-over-year on a constant dollar basis, driven by Global Commercial Insurance (up 21%) and Global Personal Insurance (up 11%). Adjusted pre-tax income rose 65% to $1.5 billion, whilst underwriting income more than tripled to $774 million. The accident year combined ratio improved 120 basis points to 86.6%. Calendar year combined ratio reached 87.3%, improving 850 basis points year-over-year. The company reported $132 million in favourable prior-year development, primarily from US property and Financial Lines. Adjusted after-tax income per diluted share rose 80% to $2.11.