Senior Underwriter, Commercial Insurance Specialty

Company Overview

Chubb is the world’s largest publicly traded property and casualty insurer and maintains and A++ financial rating with AM Best. 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.

Position Overview

Chubb Commercial Insurance is looking for a motivated, results oriented applicant to fill the position of Core Commercial Property and Casualty Production Underwriter supporting our downtown Cleveland Branch. The Cleveland Branch is part of the Mid-West region which is the largest region within North America at Chubb. Commercial Insurance writes companies with revenues up to $1B, including both guaranteed cost and loss sensitive program structures. This position will be charged with growing and underwriting a book of business that consists mainly of Manufacturing, Professional Services, Wholesale Distribution, Other Services, Cultural Institutions, and Real Estate business. The position will be charged with aggressively marketing to their assigned agency/broker plan to bring in opportunities and profitably grow the Commercial Insurance book of business for the Cleveland branch. The position will work closely with the local branch and other local Commercial Property and Casualty underwriter, Cored Regional Resources, Territory Underwriting Manager, Industry Practice/LOB leaders, and Home Office Personal.

Role Responsibilities

The Production Underwriter will:

• Establish and develop relationships with key distribution partners to drive submission activity in our desired industry segments.
• Responsible for profit, growth, and retention of assigned book.
• Meet or exceed new business production goal of $1-$1.5m while maintaining profitability across assigned portfolio and adhering to authority and underwriting strategies. Includes knowledge and achievement of desired pre-bind metrics (Submissions, Quote Ratio, Hit Ratio, Efficiency Ratio) to facilitate profitable growth and achieve production goals.
• Strong Focus on developing a prospect pipeline 5x new business production goal with assigned distribution partners using advanced company prospecting tools and strong marketplace visibility of 12+ external visits per month.
• In conjunction with Underwriter Associate, meet or exceed retention and rate goals on $5m renewal book by retaining key assigned branch accounts and leading coordination of Loss Control, Claims and other value-added service plans for service level accounts. Includes developing client relationships.
• Engage with other Chubb Business Units to aggressively cross-sell additional Chubb Solutions to new and existing clients. Includes but is not limited to, Multi-National, Environmental, Ocean Cargo, Financial Lines, Product-Recall, E&O, A&H, etc.
• Develop and maintain internal relationships with local branch, cored regional personal, Territory Underwriting Manager, Line of business/Industry Practice Leaders and Home Office personal.

Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.