E&S Casualty Underwriter - Primary Or Excess

American Modern Insurance Group Chicago , IL 60602

Posted 4 months ago

Job Description:

  • We are open to this position being located in Chicago, Philadelphia, New York or Atlanta.

We're adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Insurance Operations

Munich Re US is launching new insurance operations described as Munich Re Specialty Insurance that will unite the strengths and expertise of Munich Re's specialty commercial teams in North America under a new management structure. This will allow for the development of an overarching sales strategy through which the specialty risk appetite and product offerings can be profitably optimized and expanded.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

As a member of our E&S team, you'll be responsible for the production, underwriting and retention of profitable E&S business through the cultivation and maintenance of broker relationships.

Because we're committed to finding the best talent, we are open to considering candidates with a range of experience. Compensation, level and accountabilities for the selected candidate will be commensurate with experience.

Major responsibilities include:

  • 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 make referrals to underwriting leadership as appropriate.

  • Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals. Coordination 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.

  • Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.

  • Assistance in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.

Munich Re Specialty Insurance / MRSI is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.

The products and services are to be delivered by and in the name of AAIC, PESLIC, BIC, Temple, and B&C.


Successful candidates will be possess the following skills/capabilities:

  • Excellent underwriting, marketing and analytical skills that have been developed over 10+ years of insurance and/or reinsurance with production underwriting experience

  • Advanced insurance certifications (e.g. CPCU) preferred

  • Advanced working knowledge of Commercial P&C / E&S 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

  • Tech savviness and a willingness to experiment with and learn new technologies

  • Ability to think strategically and function tactically

  • Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions

  • Ability to present and negotiate complex agreements with brokers

  • Effective time management and organizational skills

  • Willingness to travel 20%-30%

Employment Type

Full Time

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Senior Primary E&S Casualty / Construction Underwriter Chicago

Crum & Forster Holdings Corp.

Posted 1 week ago

VIEW JOBS 11/8/2019 12:00:00 AM 2020-02-06T00:00 Summary: Crum & Forster is a leading national property & casualty insurance company with a large, diversified specialty platform. We protect businesses and organizations from the unpredictable nature of risk, giving them the confidence to take on new challenges and flourish in today's increasingly complex and uncertain world. Crum & Forster is a part of Fairfax Financial Holdings Limited, a global firm engaged in property and casualty insurance, reinsurance, and investment management. Fairfax (FFH.TO) has revenues of over $10 billion and is traded on the Toronto stock exchange. For more information about Crum & Forster, please visit our website: www.cfins.com. The Senior Construction Underwriter will review and analyze underwriting data in order to determine if risks meet corporate underwriting standards for Crum & Forster's Primary E&S Construction unit. This opportunity has the potential to grow into a leadership role with our team. Responsibilities: * Underwrite, analyze, authorize risk acceptability, determine profitable rate/price, and prepare quotations/binders on all aspects of new and renewal business. * Provide customer service to existing accounts. * Market, sell and promote company products and programs to assigned producers. * Review and evaluate profit, volume, and service results for assigned producers. * Assist in developing annual business plan, analyze and evaluate results for assigned producers. * Attain premium, loss ratio, QAP and service goals as assigned. * Keep abreast of industry market trends, competition philosophy, products and distributions systems. Requirements: * College degree or equivalent preferred and CPCU designation a plus. * 7-10 years of experience in underwriting commercial Construction business which includes wraps, practice policies, and all types of contractors. * Strong wholesale relationships. * Excellent problem solving/decision making skills with the ability to influence others. * Strong verbal and written communication skills. * Excellent organizational and time management skills, with the ability to handle multiple tasks and prioritize as appropriate. * Solid customer service and relationship building skills. * A proven team player with a drive to succeed. * Ability to develop new business relationships. * Abide by departmental guidelines, policies and procedures, including authority levels, to comply with C&F's risk management controls. * Demonstrated desire and commitment to continually learn, accept new challenges, and strive for personal improvement/growth utilizing internal and external continuing education avenues. * Ability to learn and use proprietary software and various computer systems and stay current with changes. * Travel as necessary to producer marketing visits and corporate meetings/seminars. * Will abide by departmental policies and procedures, including authority levels, to comply with C&F's risk management controls. #LI-RS Crum & Forster Holdings Corp. Chicago IL

E&S Casualty Underwriter - Primary Or Excess

American Modern Insurance Group