Job Abstract

Associate General Counsel, Reinsurance

We are seeking an experienced attorney to join the Reinsurance Legal Team within General Insurance (GI) at AIG.

The team is comprised of attorneys and other professionals providing high quality advisory, transactional and regulatory support across GI on ceded and assumed reinsurance-related matters globally. This role will support projects that are time-sensitive, highly visible inside and outside of the company, and key to AIG’s strategic initiatives. This position reports to the Deputy General Counsel for Reinsurance. 

As a leader, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders and competing priorities. Ultimately, you take ownership for key outcomes. The successful candidate will have the opportunity to work on a wide variety of matters and interact directly with senior business leaders within AIG.  Specific duties will include, but not be limited to:

• Managing and negotiating the legal aspects of GI’s ceded reinsurance treaty programs globally across all property and casualty business lines.
• Advising on reinsurance-related aspects of strategic transactions at AIG, including M&A, capital markets and insurance-linked securities (ILS) matters.
• Counseling senior executives on matters relating to AIG’s reinsurance on its legacy/run-off operations.
• Advising multiple business units on ceded and assumed facultative reinsurance transactions.
• Managing the contractual aspects of internal reinsurance arrangements within AIG.
• Working with AIG’s Multinational business, operational and legal teams to structure and implement the reinsurance aspects of complex multinational programs around the world.
• Partnering with senior GI executives to enhance reinsurance governance.
• Drafting and negotiating reinsurance and collateral documentation to implement captive reinsurance programs globally.
• Working closely with AIG attorneys around the world to address legal, regulatory and compliance issues of all types related to reinsurance matters.

What we are looking for

• Juris Doctor required; U.S. state bar admission (NY preferable).
• Minimum of 6+ years of legal experiencer with a law firm and/or in-house counsel.
• Experience with (re)insurance matters and (re)insurance-related corporate transactions preferred.
• Demonstrated experience advising senior business partners/clients on complex reinsurance or other insurance transactional matters within aggressive timeframes.
• Ability to manage multiple projects and assignments in a fast paced environment.
• Ability to work collaboratively with peers and internal clients across a global organization as well as independently.
• Experience in the insurance industry is required.

The base salary range for this position is $240,000 - $301,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.

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 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 candidatecare@aig.com.