Westchester is the Wholesale-Only Excess and Surplus specialty product group within Chubb. Westchester products meet the needs of brokers whose clients have complex, difficult-to-place risks in the areas of property, casualty, financial lines, product recall, inland marine and environmental insurance.
The Senior Underwriter's primary responsibility is to underwrite individual D&O and ancillary lines risks for privately held and not-for-profit companies.
Major Duties & Responsibilities :
Solicit new and renewal submissions from brokers
Foster relationships with wholesale brokers inclusive of weekly phone calls / emails and marketing trips as determined by you and your manager.
Underwrite accounts and determine terms and conditions to be offered (with help from manager)
Quote and Bind coverage
Document the underwriting files and applicable systems
3+ years of Underwriting experience
Experience in D&O is preferred
Business Acumen
Proven Broker Relations & Customer Management Skills
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
Critical Competencies :
Fundamentals of coverage, terms and conditions - Ability to offer coverage, terms and conditions which generate a profit for the Westchester Financial Lines department while meeting the needs of the customer.
Risk Assessment - Ability to identify Wholesale D&O, EPL, FID, Crime and / or K&R risk exposures for privately held and not-for-profit companies. Ability to identify special or common hazards, loss trends, 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.
Marketing and Communications - Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking and articulate clearly with brokers.
Systems and programs - Ability to use systems and software programs needed to conduct daily business.
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.
Senior Underwriter • Philadelphia, PA, United States