Senior Underwriter, Private Equity (Finance)
JOB DESCRIPTION
The P&C Underwriter has responsibility for new and renewal business for their own book of business. The position will be responsible for driving profitable growth with Chicago and Midwest producers in-scope for our Private Equity Specialty (PES) customer group with an M&A specialization.
This includes large national brokers, key Cornerstone relationships and local/regional agents. Lines of business include Package, Automobile, Umbrella, International, E&O, and Workers' Compensation. Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb Commercial Insurance practices.
Collaborating with underwriters, operations, claims, marketing, and home office management is necessary. Must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.
Responsibilities include but are not limited to:
- Solicit new and renewal submissions from agents and brokers - the underwriter is responsible for a new business production goal and managing a renewal book of business
- Execute regional marketing and sales strategies including prospecting, cross sell and upsell initiatives
- Determine terms, conditions and pricing using complex rating plans, underwriting guidelines and staying within authority levels
- Partner with manager and IP leader to budget pending Private Equity transactions, including corporate M&A, add-ons and carve-outs, providing estimated terms, conditions and pricing using during a confidential Due Diligence period
- Work collaboratively with Manager, Underwriting Associate, and other unit and region colleagues
- Document underwriting files thoroughly and accurately
- Handle accounts and portfolio of business within underwriting authority
- Adhere to all underwriting standards and guidelines as outlined by the Division including all applicable Underwriting Guidelines, Authorities and Position Papers
- Adhere to guidelines for accurate and timely policy issuance, accurate premium booking and billing, manuscript form and endorsement processes, and file construction and documentation
- Regular broker travel and engagement, including monthly/quarterly travel to assigned branches & broker relationships within the Midwest & Texas
QUALIFICATIONS
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ABOUT US
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.
