With CRS almost non-existent now, it can be inferred that the firm is not going to be in role. Hence underwriters will be the next target
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Agree. Many of the GI UW are transferred from other departments as an option. Otherwise they will have to take the exit package. So they are all not qualified as UW. They look clueless in front of Brokers. As a result new business are down. The effort by higher management is to curb UW authority as they knew these bunch of people are useless.
GI UW is terrible
AIG is a mess. CRS had a layer of overpaid executives who were put there to save their jobs and have them cash in big before the gutting. I shed no tears. Underwriters are good folks and should be adept and educated enough to underwrite the risk.
Why don't the Underwriters move around in AIG?
After all SM got a job in Blackboard and JF in RS (houston) after being let go from the company.
To the Stockholder that made that comment. Come to 175 so we can lynch you right on Water st to give us some motivation to come to the office .
Underwriters: work work work. If you are getting a pay check you should focus on what is on you desk, talk with your customers on new and review business and work with your team to make this company work. Do not worry about BD and team. They are getting their bonus either way.
Work Work Work. The Stockholder
A complete mess.
Many underwriters are secretly in fear. Many have applied for jobs, all trying to get out of the sinking ship. They are going to flood the market and bring down the salary.
Right. Great job for the loss control specialist in CRS to manage contractors. Hey more power to ya!
For the last 12-18 months it has been a great time to be a risk engineering contractor with high rates meaning people can half their monthly workload, and still earn more money.
However we're now seeing a lot of engineers being dropped into the market, mostly due to AIG, but there are several other firms who have let their engineering teams go. With all the recent major mergers, there just isn't the roles available anymore.
We're now seeing chargeable contractor rates drop to less than half what they were at the start of the year. It's dog-eat-dog now, and contractors are really having to fight to earn their money.
In the last month RSA have stopped using one of the biggest risk control contractors, Paragon, because they felt that they weren't getting value for money
CRS will contract out loss control. Lots of contractors licking their chops.
You mean lead role? Late news. They have not been replacing those who left