E&S Property Senior Underwriter - Northeast Territory Lead
About the role
The Company Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability.
Responsibilities
Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines business that meets profitability and growth targets.
Operate within granted authority and allocated catastrophe budgets and make referrals to underwriting leadership as appropriate.
Develop and execute production strategies and business plans to implement and maximize growth objectives and rate goals.
Cookordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.
Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement.
Cultivate and maintain professional wholesale broker relationships.
Assistance in day-to-day operations and projects as assigned which could have client, business group, divisional and corporate impact.
Represent the Munich Re brand and Munich Re Specialty North America at client events, seminars, meetings, etc.
Territory Lead Responsibilities
Monitor and update the WSI Property unit on the market and changes within your specified territory.
Create an inspiring team environment with an open communication culture.
Set clear territory goals and strategy, following our territory guidance from Management and CUCoordinate all broker marketing visits for the team, and represent the team in all Broker Relationship Leader (BRL) meetings.
Review underwriting account Referrals and conduct two audits per quarter for the territory.
Delegate tasks and set deadlines appropriately based on each territory underwriter’s portfolio and broker assignments.
Monitor territory rate retention, production, and loss ratio performance and report on metrics.
Guide and motivate team members.
Development of each underwriter within your territory by evaluating training needs and provide coaching, while working with management and CU to provide next steps.
Recognize high performers as well as problem areas and discuss with management.
Work with management during hiring of new territory underwriters.
Train and mentor new territory underwriters; work with management during onboarding.
Responsible for distributing information to team members.
Hold Territory meetings to ensure the group is in alignment regarding pricing and coverages.
Participate in the process of hiring new underwriters and in their training.
Qualifications
Excellent underwriting, marketing, and analytical skills that have been developed over 10+ years of insurance and/or reinsurance with production underwriting experience preferably at a WSI carrier for Property lines.
Advanced insurance certifications (e.g. CPCU) preferred.
Advanced working knowledge of Commercial P&C / WSI products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts and principles related to strategic planning, and other relevant industry trends.
Successful track record of developing and maintaining strong relationships with wholesale brokers.
Technology savviness and a willingness to experiment with and learn new technologies.
Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions.
Effective time management and organizational skills.
Willingness to travel 20%-30%.