We are seeking a French and/or Spanish speaking experienced Insurance Wordings Lawyer to join the Product Underwriting Legal team as a Product Counsel in the Global Legal, Compliance, and Regulatory (GLCR) department at AIG.
The Product Underwriting Legal team is comprised of attorneys, as well as individuals with an equivalent legal education, who drive contract certainty by providing high quality advisory, drafting, and transactional support across the Company. This role will support projects that are time-sensitive, highly visible inside and outside of the company, and key to AIG’s strategic business initiatives. This position ultimately reports to the Head of Product Underwriting Legal within GLCR, and the role supports all product lines across the breadth of AIG, but with a non-exclusive focus on international product lines outside of North America. The primary responsibility of the Product Counsel is to support the Lead Underwriting Counsel in developing and drafting market leading products as well as new and updated standard proprietary AIG policies and endorsements. The role requires collaboration with other legal teams in GLCR, and with Underwriting, Claims, Actuarial, and Reinsurance colleagues.
How you will create an impact:
This is a high-profile role within our organization, on a team with evolving responsibilities, so there will be the opportunity to shape this role to support AIG’s business needs.
Some of the key responsibilities include:
-
Draft and develop both new and updated standard proprietary AIG products, policies, and endorsements across multiple product lines and jurisdictions.
-
Support the Lead Underwriting Counsel in providing advice to the office of the CUO in adopting new and updated policies and endorsements.
-
Develop AIG policies and endorsements based on broker and competitor carrier forms, to address client-specific exposures and to promote the use of AIG preferred wordings in policy placements.
-
Work closely with GLCR colleagues to address legal, regulatory, and compliance issues of all types related to product development and policy wordings.
-
Provide advice and insights with respect to policies and endorsements used by other market participants.
-
Ensure underwriting intent is accurately reflected by utilizing clear and unambiguous policy and endorsement wording.
-
Work with other areas in AIG, e.g., Claims, Actuarial, and the Coverage Litigation team, to identify exposure trends relative to policy and endorsement wordings, and to appropriately address the trends in policies and endorsements standard language.
-
Drive remediation of existing policies and endorsements, identifying those that should be retired, updated, or replaced.
-
Act as a liaison coordinating and driving policy and endorsement wording drafting and discussions with line of business leaders, senior claims executives, and other internal and external stakeholders.
-
Support the creation and implementation of a comprehensive policy and endorsement repository.
-
Support the Lead Underwriting Counsel in providing advice to the office of the CUO on the development of guidelines and authorities to facilitate comprehensive product and wordings governance.
- Provide policy and endorsement training for AIG colleagues, giving direction and insight on wording and usage.
-
Provide input as an advisor on the development of AI-enabled tools to assist with policy wording management and governance.
What you'll need to succeed
-
Legal degree and qualification required. Entitlement to practice preferred. A legal degree in a French and/or Spanish speaking jurisdiction is preferred.
-
Fluent business French and/or Spanish as well as fluent business English proficiency; other language capabilities are an advantage.
-
Demonstrated experience advising senior business partners/clients on complex (re)insurance wording, coverage, and related insurance transactional matters.
-
Drafting experience from a(n) (re)insurer, broker, or a law firm.
-
Strong ability to prioritize projects, respond promptly in an appropriate manner, and deliver with excellence in a high pace environment.
-
Exceptional communicator with the ability to distill complex topics and issues into to relatable and easy to understand concepts for non-lawyers.
-
Driven problem solver with demonstrated success in proactively addressing internal and external client needs with fit for purpose solutions in a timely fashion.
-
Detail oriented and focused on developing thorough documentation to support sustainable processes and practices.
#LI-KH1
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 [email protected].
Functional Area:
UW - Underwriting
AIG Europe S.A. (France branch)
