Liberty Mutual Insurance
Senior Underwriter, Lawyers Professional Liability
Liberty Mutual Insurance, Chicago, Illinois, United States, 60290
Senior Underwriter, Lawyers Professional Liability
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Senior Underwriter, Lawyers Professional Liability
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Liberty Mutual Insurance . Overview
The Senior Underwriter will underwrite Lawyers Professional Liability (LPL) policies within underwriting authority, with guidance from leadership as needed. Makes decisions on whether to accept or decline risks and on appropriate terms by applying analytical, data-driven judgment to submissions, including pricing, limits, retentions, and appropriate policy wording (claims‑made triggers, retroactive dates, extended reporting periods). In parts of North America, may underwrite complex or unusual LPL placements or high individual line size accounts — including large firms, multi‑state/provincial practices, and matters with significant regulatory, securities, or class‑action exposure. Responsibilities
Manage a portfolio of law firm broker/agent relationships and client accounts focused on Lawyers Professional Liability. Serve as Liberty’s representative to specialty brokers who place LPL business and work to strengthen and expand those relationships. Underwrite submissions across a range of law firm sizes and practice areas (e.g., litigation, corporate/M&A, real estate, trusts & estates, tax, IP, employment, family law). Assess exposures unique to each practice area (e.g., securities filings, contingency fee matters, escrow/trust accounts, e‑discovery, privacy/confidentiality risks). Evaluate firm‑level risk factors including claims/disciplinary history, partner/senior counsel quality, governance and supervision, engagement letter practices, conflict checking systems, client matter mix, billing arrangements, subrogation/indemnity exposure, and supervision of non‑lawyer staff. Structure policy terms specific to LPL: determine appropriate limits, retentions, aggregated or per‑claim deductibles, sublimits (e.g., disciplinary proceedings, cyber/privacy), retroactive dates, extended reporting period options, and policy endorsements. Recommend reinsurance placement needs when applicable. Use data, actuarial guidance, benchmark loss metrics and rating tools to price risk and monitor profitability of the LPL portfolio. Contribute to rate adequacy and territory/line‑of‑business segmentation discussions for the LPL product. Partner closely with Claims, Actuarial, Legal, Risk Management, Underwriting. Qualifications
Degree in Business or equivalent typically required. A minimum of 2.5 years, typically 3 or more years, of progressive LPL underwriting experience and/or other related experience. RPLU or professional insurance designation preferred. Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility that includes competence with all phases and aspects of the underwriting process, and proficiency in the use of qualitative and quantitative tools and techniques. Must demonstrate comprehension of complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues. Proven track record of developing and underwriting profitable business. About Us
Pay Philosophy:
The typical starting salary range for this role is determined by skills, experience, education, certifications and location. The full salary range 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 may include commission and/or bonus earnings based on factors set forth in the compensation plan. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. We strive to create an environment where employees can succeed, both professionally and personally. Liberty Mutual is an equal opportunity employer and we will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, pregnancy, genetic information or any basis prohibited by law. EEO Notices
California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco
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Join to apply for the
Senior Underwriter, Lawyers Professional Liability
role at
Liberty Mutual Insurance . Overview
The Senior Underwriter will underwrite Lawyers Professional Liability (LPL) policies within underwriting authority, with guidance from leadership as needed. Makes decisions on whether to accept or decline risks and on appropriate terms by applying analytical, data-driven judgment to submissions, including pricing, limits, retentions, and appropriate policy wording (claims‑made triggers, retroactive dates, extended reporting periods). In parts of North America, may underwrite complex or unusual LPL placements or high individual line size accounts — including large firms, multi‑state/provincial practices, and matters with significant regulatory, securities, or class‑action exposure. Responsibilities
Manage a portfolio of law firm broker/agent relationships and client accounts focused on Lawyers Professional Liability. Serve as Liberty’s representative to specialty brokers who place LPL business and work to strengthen and expand those relationships. Underwrite submissions across a range of law firm sizes and practice areas (e.g., litigation, corporate/M&A, real estate, trusts & estates, tax, IP, employment, family law). Assess exposures unique to each practice area (e.g., securities filings, contingency fee matters, escrow/trust accounts, e‑discovery, privacy/confidentiality risks). Evaluate firm‑level risk factors including claims/disciplinary history, partner/senior counsel quality, governance and supervision, engagement letter practices, conflict checking systems, client matter mix, billing arrangements, subrogation/indemnity exposure, and supervision of non‑lawyer staff. Structure policy terms specific to LPL: determine appropriate limits, retentions, aggregated or per‑claim deductibles, sublimits (e.g., disciplinary proceedings, cyber/privacy), retroactive dates, extended reporting period options, and policy endorsements. Recommend reinsurance placement needs when applicable. Use data, actuarial guidance, benchmark loss metrics and rating tools to price risk and monitor profitability of the LPL portfolio. Contribute to rate adequacy and territory/line‑of‑business segmentation discussions for the LPL product. Partner closely with Claims, Actuarial, Legal, Risk Management, Underwriting. Qualifications
Degree in Business or equivalent typically required. A minimum of 2.5 years, typically 3 or more years, of progressive LPL underwriting experience and/or other related experience. RPLU or professional insurance designation preferred. Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility that includes competence with all phases and aspects of the underwriting process, and proficiency in the use of qualitative and quantitative tools and techniques. Must demonstrate comprehension of complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues. Proven track record of developing and underwriting profitable business. About Us
Pay Philosophy:
The typical starting salary range for this role is determined by skills, experience, education, certifications and location. The full salary range 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 may include commission and/or bonus earnings based on factors set forth in the compensation plan. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. We strive to create an environment where employees can succeed, both professionally and personally. Liberty Mutual is an equal opportunity employer and we will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, pregnancy, genetic information or any basis prohibited by law. EEO Notices
California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco
#J-18808-Ljbffr