Underwriting Specialist - Excess Casualty

Risk Assessment and Underwriting

• Evaluate and underwrite excess insurance submissions for excess casualty risks.
• Analyze complex risk exposures, financial statements, loss history, and other relevant information to determine insurability.
• Affirm underwriting strategies in line with corporate governance to achieve sustained profitable growth.
• Increase Hit Ratios, including Quote:Submit Ratio and Bind:Quote Ratio for assigned book and Excess Casualty Profit Center.

Policy Management

• Work closely with Underwriting Analysts to prepare quotes, binders, policies, and endorsements in a timely and accurate manner.
• Monitor and manage a portfolio of excess insurance policies, ensuring adherence to underwriting guidelines and standards.
• Conduct regular reviews of existing policies to assess performance, profitability, growth and recommend adjustments as needed.

Client and Broker Relations

• Build and maintain strong relationships with brokers and clients to facilitate business development and retention.
• Provide exceptional customer service by addressing inquiries, resolving issues, and offering expert advice on coverage options.

Market Analysis and Development

• Stay informed about industry trends, market conditions, and competitor activities to identify opportunities for growth.
• Collaborate with Regional Vice Presidents, Marketing and product development teams to promote new excess insurance opportunities.
• Participate in market facing industry events, conferences, and networking opportunities to enhance the company's market presence.

Compliance and Documentation

• Ensure all underwriting activities comply with company policies, regulatory requirements, Underwriting Guidelines, and industry standards.
• Maintain accurate and up-to-date records of underwriting decisions, correspondence, and policy documentation.
• Adhere to Underwriting Guidelines, procedures, authority, and best practices.

Qualifications

• Bachelor's degree in Business, Finance, Insurance, or a related field.
• Professional designations such as CPCU (Chartered Property Casualty Underwriter) or AU (Associate in Commercial Underwriting) are preferred.
• Extensive experience, minimum of 15 years in underwriting, with a focus on excess insurance within the property/casualty sector.
• Strong analytical skills and the ability to assess complex risks and make sound underwriting decisions.
• Strong knowledge of casualty insurance policies, coverage types and regulatory requirements.
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with brokers, agents, and clients.
• Proficiency in underwriting software and Microsoft Office Suite.
• Detail-oriented, organized, and able to manage multiple tasks and deadlines effectively.