Chubb
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Westchester Executive Underwriter
role at
Chubb .
Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required. To execute the CHUBB Westchester Specialty Casualty business unit strategy, the product line responsibilities include Primary General Liability, Lead Umbrella, follow form Excess, and High Excess placements. As an underwriting member of the CHUBB Westchester Specialty Casualty Division, this position will work within their local team to achieve profitable underwriting results through the growth, development, servicing and underwriting of Excess and Surplus Lines business. The position will work exclusively through contracted wholesale brokers and will collaborate with other CHUBB divisions to drive profitable business development and provide a single source of access to CHUBB’s broad domestic and international product and service offerings.
Responsibilities
Solicits new and renewal submissions from appointed wholesaler brokers.
Determines terms and conditions and complex rating plans.
Binds coverage.
Documents the underwriting files to company/division expectations.
Handles more complex files and portfolios within underwriting authority.
Profitability & Production
Goal Achievement - Delivering upon the established New and Renewal business goals as provided by the Regional Underwriting Manager. This will include Premium projections as well as all Policy Acquisition Expense budgets.
Growth Strategies - Executing upon the assigned roles per the regional marketing plans and strategies. This includes:
Client & broker relations including sales calls & attendant strategies
Completing target account responsibilities & cross sell strategies
Underwriting Integrity - Achieving all underwriting standards as outlined by the CHUBB Westchester Specialty Casualty Division home office and all applicable Underwriting Guidelines, Authorities, and Position Papers. This includes:
Risk selection: Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
Risk Assessment: Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.
Financial proficiency: Understanding of financial statements and ratios used in risk analysis.
Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.
Actuarial fundamentals: Ability to understand the basics of loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
Pricing & attachments including rate change goals:
Terms & conditions – understand and underwrite terms and conditions and underlying terms and conditions.
Marketing and Communications - Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.
Systems and programs - Ability to use systems and software programs needed to conduct daily business.
Branch Administrative
Accurate & timely policy issuance
Accurate billings
Manuscript form & endorsement processes
File construction and documentation
Performance Measured By
Achievement of premium goals & budgets
Adherence to underwriting goals, guidelines & objectives
Adherence to departmental workflow and service standards
Qualitative assessment of underwriting decisions
Results of internal and external underwriting audits:
New business submission and quote activity
Marketing activity
Qualifications
Minimum of 5-7 Years Underwriting experience
Experience in underwriting wholesale general liability, umbrella and excess business
Construction underwriting experience preferred
Insurance related business acumen
High level of product knowledge including:
Exposure analysis
Form & coverages
Rating principles and mechanics
Negotiation & presentation skills
Knowledge of wholesale casualty insurance industry
Proven broker relations & customer management skill set
Strong verbal and written communication skills
Strong organizational skills with attention to detail
Ability to work effectively in a team
Basic proficiency in Microsoft Word, Excel, Power Point
About Us Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
#J-18808-Ljbffr
Westchester Executive Underwriter
role at
Chubb .
Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required. To execute the CHUBB Westchester Specialty Casualty business unit strategy, the product line responsibilities include Primary General Liability, Lead Umbrella, follow form Excess, and High Excess placements. As an underwriting member of the CHUBB Westchester Specialty Casualty Division, this position will work within their local team to achieve profitable underwriting results through the growth, development, servicing and underwriting of Excess and Surplus Lines business. The position will work exclusively through contracted wholesale brokers and will collaborate with other CHUBB divisions to drive profitable business development and provide a single source of access to CHUBB’s broad domestic and international product and service offerings.
Responsibilities
Solicits new and renewal submissions from appointed wholesaler brokers.
Determines terms and conditions and complex rating plans.
Binds coverage.
Documents the underwriting files to company/division expectations.
Handles more complex files and portfolios within underwriting authority.
Profitability & Production
Goal Achievement - Delivering upon the established New and Renewal business goals as provided by the Regional Underwriting Manager. This will include Premium projections as well as all Policy Acquisition Expense budgets.
Growth Strategies - Executing upon the assigned roles per the regional marketing plans and strategies. This includes:
Client & broker relations including sales calls & attendant strategies
Completing target account responsibilities & cross sell strategies
Underwriting Integrity - Achieving all underwriting standards as outlined by the CHUBB Westchester Specialty Casualty Division home office and all applicable Underwriting Guidelines, Authorities, and Position Papers. This includes:
Risk selection: Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
Risk Assessment: Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.
Financial proficiency: Understanding of financial statements and ratios used in risk analysis.
Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.
Actuarial fundamentals: Ability to understand the basics of loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
Pricing & attachments including rate change goals:
Terms & conditions – understand and underwrite terms and conditions and underlying terms and conditions.
Marketing and Communications - Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.
Systems and programs - Ability to use systems and software programs needed to conduct daily business.
Branch Administrative
Accurate & timely policy issuance
Accurate billings
Manuscript form & endorsement processes
File construction and documentation
Performance Measured By
Achievement of premium goals & budgets
Adherence to underwriting goals, guidelines & objectives
Adherence to departmental workflow and service standards
Qualitative assessment of underwriting decisions
Results of internal and external underwriting audits:
New business submission and quote activity
Marketing activity
Qualifications
Minimum of 5-7 Years Underwriting experience
Experience in underwriting wholesale general liability, umbrella and excess business
Construction underwriting experience preferred
Insurance related business acumen
High level of product knowledge including:
Exposure analysis
Form & coverages
Rating principles and mechanics
Negotiation & presentation skills
Knowledge of wholesale casualty insurance industry
Proven broker relations & customer management skill set
Strong verbal and written communication skills
Strong organizational skills with attention to detail
Ability to work effectively in a team
Basic proficiency in Microsoft Word, Excel, Power Point
About Us Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
#J-18808-Ljbffr