Arch

  • Underwriter, Miscellaneous Professional Liability

    Job Locations US-IL-Chicago
    Job ID
    2018-1900
    # of Openings
    1
    Category
    Professional Liability
  • Overview

    The Company

     

    Arch Insurance Group is a market-leading specialty insurer providing property, casualty and a wide range of specialty insurance for corporations, professional firms and financial institutions around the globe. From product development to policy servicing to claims payment, we are dedicated to providing our customers with superb coverage and service.

     

    A subsidiary of Arch Capital Group Ltd., Arch Insurance employs disciplined underwriting and prudent risk selection across all types of business. We have offices in the United States, Canada, Bermuda, UK, Australia, and South Africa.

     

    Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.

    Responsibilities

    The Position

    The MPL Underwriter/Senior Underwriter is responsible for the submission generation, underwriting and policy issuance of Errors and Omission and Cyber Liability accounts. Territory and areas of focus are flexible depending upon the candidate

     

    Job Responsibilities

    • Build strong relationships with MPL brokers with the objective of having Arch become a “Top 5” MPL market within the brokerage/agency.
    • Submission generation of MPL opportunities from target agencies that meet the MPL appetite.
    • Superior account underwriting of all MPL new and renewal accounts. Possess strong underwriting knowledge of all coverage lines within MPL.
    • Provide acceptable level of underwriting documentation for all assigned accounts. Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.
    • Communicate effectively to agents both orally and in writing.
    • Represent Arch and MPL professionally whether internally or externally at agent offices or industry events.
    • Some knowledge of Executive Assurance (D&O/EPL) lines of business is desirable.
    • Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts. Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes.
    • Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency.
    • Initiate and conduct quarterly meetings with target agents to report on results, collect feedback and gain buy-in for strategies to improve results

    Qualifications

    Desired Skills

    • Strong relationships with wholesale and/or retail MPL brokers
    • High achievement drive
    • Strong interpersonal skills
    • Analytical judgment
    • Effective communication – both oral and written
    • Strategic thinking
    • Negotiation skills

    Required Education/Experience 

    • BA or BS, ideally with a degree/major in Economics, Business, Finance, or Accounting
    • 2+ years of Professional Liability and/or Cyber underwriting experience

    Options

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