Combined Insurance Executive Underwriter in United States
Private Equity Executive Underwriter Commercial Insurance P&C
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 Multi-line Executive Underwriting position is a key role within Commercial Insurance’s rapidly growing Private Equity Industry Practice. This individual will be expected to market and collaborate with all areas of Commercial Insurance – P&C, Financial Lines and A&H, but will have day-to-day underwriting responsibilities for the core P&C segments for business produced throughout the Midwest. Private Equity business is often fast-paced. Confidence and experience in a variety of Underwriting areas is integral to identifying the successful individual. This role also serves as a key relationship conduit with our PE producer partners throguhout the Midwest Region, and collaborates internally with stakeholders in our branch network and home office in the Private Equity practice.
Financial performance, including profit, rate, retention, and growth of an approximate $6 million book of multi-line Commercial business with a focus on customers with revenue up to $1B.
Heavy emphasis on generating new, Private Equity-backed business with a goal of $1.5 million in premium.
Articulate the Private Equity value proposition to leverage and sell our unique capabilities throughout the organization.
Act as a resource for any CI Private Equity-backed portfolio company opportunity. This involves consulting with CI underwriters on transactional timelines, gathering underwriting information, reviewing the broker/agent due diligence and budget reports, and leveraging the Private Equity firm relationship.
Contribute to the on-going data refinement of the Private Equity portfolio by tracking all PE-backed business, both new and renewal, so as to best aggregate data for the Private Equity P&L.
Identifying cross sell opportunities within commercial insurance suite of products and services with particular emphasis on Financial Lines collaboration.
Extensive collaboration with the Private Equity Industry Practice
Dedicate the majority of travel and submission generation activities on the top tier Private Equity-focused agents/brokers throughout the Midwest, but also seek new opportunities to expand relationships with producers around the region in order to share and promote Chubb’s Private Equity brand.
Soliciting, selecting and analyzing risk within Chubb’s Commercial Insurance guidelines and ensuring proper documentation within a timely manner.
Developing and negotiating price, coverage, and terms and conditions for all new business and renewals and actively identifying account rounding opportunities.
Collaborating with underwriters, risk engineering, operations, claims, branch management, marketing and home office product management.
Travel is predominantly in the Midwest and requires approximately 25% of the underwriter’s time.
Qualifications· Solid knowledge of commercial P&C underwriting and insurance industry theories and practices. · Demonstrated technical expertise and product specific knowledge with experience handling commercial P&C insurance lines. · Strong analytical skills including financial analysis. · Demonstrated proficiency in sales, marketing and negotiation, as well as a proven track record of new business performance/success. · 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 prospecting initiatives. · 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. · Bachelor’s degree or equivalent experience. · 5 years underwriting experience preferred.
/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./
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: Executive Underwriter
Requisition ID: 330972