Liberty Mutual Insurance
Executive Underwriter, Middle Market Life Sciences
Liberty Mutual Insurance, Charlotte, North Carolina, United States, 28245
Executive Underwriter, Middle Market Life Sciences
We are excited to announce that we are building our dedicated Life Sciences Underwriting team to launch Liberty Mutual’s specialized Life Sciences Industry Practice within the Middle Market. Under the leadership of Tory Agnich, Chief Underwriting Officer, our vertical is committed to delivering comprehensive, integrated multi-line Property and Liability insurance solutions tailored to mid‑sized companies (R&D stage through $2B insured product/service revenue) spanning biotechnology, pharmaceuticals, medical devices, dietary supplements, analytical laboratories, digital health innovators, cellular and tissue‑based products, and the broader ecosystem that supports these companies. Base pay range:
$81,000.00/yr – $269,000.00/yr Pay Philosophy:
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications, and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. Responsibilities
New Business underwriting for profitable growth: review, evaluate, and underwrite submissions; select and assess risks aligned with underwriting strategies and guidelines; rate and determine the premium and policy terms and conditions; utilize broad range of supportive tools; obtain underwriting approval (as needed); create/present the proposal to the agent/broker; and successfully negotiate deals. Services accounts after successfully winning the business in coordination with Liberty Account Analyst and Client Service Managers; meet with insureds and ensure Liberty’s value‑proposition is upheld. Manage portfolio of brokers/agents & clients; demonstrate a high level of responsiveness and focus on supporting agent and broker objectives; establish, develop, and maintain successful relationships with agents and brokers to facilitate marketing of products, with responsive service, site visits, in‑person renewal meetings and enhanced knowledge of what matters most to each Life Sciences deal; develop a strong personal brand to build and maintain a long‑term quality pipeline with agents and brokers. Actively identify, manage, and solicit pipeline of opportunities for individual success. Articulate key coverage differences with a high degree of detail in this specialized, niche space. Possess strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise and the Life Sciences industry. Share knowledge based on technical expertise, including providing external thought‑leadership. Mentor, coach, and train other underwriters and internal and external partners. Provide significant input into the business and marketing planning process, including advanced data‑driven insights from portfolio analysis. Participate in projects and initiatives to help grow Liberty’s Life Sciences Industry Practice, designed to drive underwriting and process excellence (e.g., member of a working team). Model effective collaboration across teams, stakeholders and partners (e.g., Distribution, Operations, UW Support, Claims, Actuarial, Directors of Underwriting in North America). Qualifications
Degree in Business, Risk Management, or Scientific Field or equivalent typically required. A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or other related business experience. A minimum of 5 years of Life Sciences underwriting experience. CPCU or professional insurance designation preferred. Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility. Advanced level of knowledge of insurance products and coverages, underwriting, pricing, risk selection & assessment, and market dynamics specific to the Life Sciences space. Proven track record of developing and underwriting profitable Life Sciences business. Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes. Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders. Must demonstrate comprehension of most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues. Fair Chance Notices
California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco Equal Opportunity Employer
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran’s status, pregnancy, genetic information or any basis prohibited by federal, state or local law.
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We are excited to announce that we are building our dedicated Life Sciences Underwriting team to launch Liberty Mutual’s specialized Life Sciences Industry Practice within the Middle Market. Under the leadership of Tory Agnich, Chief Underwriting Officer, our vertical is committed to delivering comprehensive, integrated multi-line Property and Liability insurance solutions tailored to mid‑sized companies (R&D stage through $2B insured product/service revenue) spanning biotechnology, pharmaceuticals, medical devices, dietary supplements, analytical laboratories, digital health innovators, cellular and tissue‑based products, and the broader ecosystem that supports these companies. Base pay range:
$81,000.00/yr – $269,000.00/yr Pay Philosophy:
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications, and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. Responsibilities
New Business underwriting for profitable growth: review, evaluate, and underwrite submissions; select and assess risks aligned with underwriting strategies and guidelines; rate and determine the premium and policy terms and conditions; utilize broad range of supportive tools; obtain underwriting approval (as needed); create/present the proposal to the agent/broker; and successfully negotiate deals. Services accounts after successfully winning the business in coordination with Liberty Account Analyst and Client Service Managers; meet with insureds and ensure Liberty’s value‑proposition is upheld. Manage portfolio of brokers/agents & clients; demonstrate a high level of responsiveness and focus on supporting agent and broker objectives; establish, develop, and maintain successful relationships with agents and brokers to facilitate marketing of products, with responsive service, site visits, in‑person renewal meetings and enhanced knowledge of what matters most to each Life Sciences deal; develop a strong personal brand to build and maintain a long‑term quality pipeline with agents and brokers. Actively identify, manage, and solicit pipeline of opportunities for individual success. Articulate key coverage differences with a high degree of detail in this specialized, niche space. Possess strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise and the Life Sciences industry. Share knowledge based on technical expertise, including providing external thought‑leadership. Mentor, coach, and train other underwriters and internal and external partners. Provide significant input into the business and marketing planning process, including advanced data‑driven insights from portfolio analysis. Participate in projects and initiatives to help grow Liberty’s Life Sciences Industry Practice, designed to drive underwriting and process excellence (e.g., member of a working team). Model effective collaboration across teams, stakeholders and partners (e.g., Distribution, Operations, UW Support, Claims, Actuarial, Directors of Underwriting in North America). Qualifications
Degree in Business, Risk Management, or Scientific Field or equivalent typically required. A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or other related business experience. A minimum of 5 years of Life Sciences underwriting experience. CPCU or professional insurance designation preferred. Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility. Advanced level of knowledge of insurance products and coverages, underwriting, pricing, risk selection & assessment, and market dynamics specific to the Life Sciences space. Proven track record of developing and underwriting profitable Life Sciences business. Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes. Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders. Must demonstrate comprehension of most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues. Fair Chance Notices
California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco Equal Opportunity Employer
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran’s status, pregnancy, genetic information or any basis prohibited by federal, state or local law.
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