Executives to watch in 2022: Neil Smallcombe of Lexington Insurance Company: Risk and insurance

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AIG’s Neil Smallcombe explains how businesses can harness the next generation of talent.

The insurance industry was in Neil Smallcombe’s garden as a child in London.

“I was fortunate enough to grow up at the top of the world’s largest insurance market,” Smallcombe said.

He started his first role with the Lexington London operation in 2003 as a policy writer, developing a passion for insurance.

He rose through the ranks and moved from the UK to the US to lead AIG’s Lexington Casualty surplus line platform in 2019.

In this role, he led Lexington’s shift in focus to the wholesale market and a realignment of Lexington’s accident appetite for the mid- and mid-market segments.

It also reduced oversized limits and portfolio volatility.

“We decided we needed to make a significant change,” Smallcombe said.

His team underwrites insurance solutions for a number of key market segments, including product liability, construction, energy, transportation and rail, public entities, and general damage.

Smallcombe has played a leading role with Lou Levinson, President and CEO of Lexington, and the rest of Lexington’s leadership team in developing the next generation of insurance underwriting talent.

“We are really trying to be a breeding ground for the development of young talent,” he said.

“We decided a few years ago to create a post dedicated to training. We really want to develop that deep subject matter expertise and technical skills that are needed when you underwrite different risks.

By 2022, Smallcombe plans to continue strengthening its team, already recognized for its underwriting expertise in a wide variety of industries.

Risks continue to evolve at a surprisingly rapid rate and Smallcombe is committed to developing rapid insurance solutions in tandem with the company’s wholesale brokerage partners.

These solutions allow the company to proactively address emerging risks by providing specialized P&C insurance products that complement products offered by other AIG business groups.

“We’ve always had this entrepreneurial spirit,” Smallcombe said.

“We’ve always been willing to write down complex or unique risks that don’t fit well in a bucket. ” &

Courtney DuChene is Associate Editor at Risk & Insurance. She can be reached at [email protected]


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