Combined Insurance Commercial Insurance Underwriter in United States
Chubb is the world’s largest publicly traded property and casualty insurer. 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.
We are currently looking to fill two middle market underwriting positions on the Chicago branch Core Commercial Insurance team. This team handles business within but not limited to the manufacturing, wholesale, professional services, financial institutions, cultural institutions, real estate and retail industry practices. The core commercial P&C underwriting team consists of six production underwriters and two team leaders, servicing business produced by agents and brokers in the state of Illinois.
Position Responsibilities • Financial performance, including profit, rate, retention, and growth, of an approximate $7 million book of multi-line Commercial business, with a focus on customers with revenue up to $1B. • Individual annual new business goal of $1M-$1.5M in premium. • Prospect pipeline management to identify and maintain opportunities for growth within new and existing production sources. • Successful market penetration and agency management including building, maintaining and managing producer and customer relationships. • Developing agency strategy and goals with continual monitoring of progress. • Identifying cross sell opportunities within commercial products and services. • Soliciting, selecting and analyzing risk within Chubb Commercial Insurance guidelines and ensuring proper documentation. • Developing and negotiating price, coverage, and terms and conditions for all new business and renewals and actively identifying account rounding opportunities. • Meeting with producers and new and renewal customers to make sales presentations including product education and new product roll out. • Collaborating with underwriters, risk engineering, operations, claims, marketing and home office product management. • Consistently meeting service standards. • Collecting and sharing industry intelligence with team, including industry trending and development. • Travel is predominantly local, and expected to be 25% of this individual’s time.
*Knowledge, skills and abilities: * • Solid knowledge of commercial P&C underwriting and insurance industry theories and practices. • Demonstrated technical expertise and product specific knowledge with experience handling commercial insurance lines. • Strong analytical skills including financial analysis. • Demonstrated proficiency in sales, marketing and negotiation. • Strong interpersonal, communication and relationship building skills. • Ability to effectively interact with all levels of internal and external business partners. • Experience developing and executing on marketing plans and prospects. • Ability to be creative and adaptable in a changing business environment. • Sound, balanced and timely decision making skills. • Knowledge of Microsoft Office Suite as well as other business-related software.
Education and Experience: • Bachelor's degree or equivalent experience. • 5 years underwriting experience preferred.
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.
Title: Commercial Insurance Underwriter
Requisition ID: 321974