Arch

  • Senior Underwriter

    Entity Arch Insurance Group Inc (U.S.)
    Job Locations US-NY-New York
    Job ID
    2019-2922
    Business Segment
    Insurance
    # of Openings
    1
    Category
    Property
  • Job Responsibilities

    • Under the guidance of the Northeast Region Property Executive and within the company guidelines, develop a profitable book of property insurance business for US – domiciled upper middle market and middle market accounts within the Northeast Region.
    • Assist in the creation and execution of business plans in collaboration with our Distribution Management and Strategy & Marketing divisions to achieve targeted production with identified key retail brokers. Understand company’s risk appetite and identify target occupancy classes with these producers.
    • Develop and maintain relationships with approved retail brokers, with expected travel within the Northeast Region; prepare and deliver presentations, and training on our new products as necessary.
    • Underwrite, maintain, and grow a profitable book of business in the admitted property market with retail brokers: evaluate and prioritize submissions; analyze exposure and coverage requests; determine acceptable deployment of gross and net capacity, determine pricing and negotiate final terms on an account basis. Monitor his/her portfolio metrics such as bind to submit, bind to quote, and retention.
    • Identify new business opportunities to differentiate the company, and assist the Northeast Region Property Executive and the Property Operations manager for their development.

    Required Skills/Experience

    • Additional industry-specific study or designations (such as CPCU, ARe, & ARM) are a plus.
    • 5 to 7 years of property experience handling middle market and upper middle market property accounts. This should include at least 3 years at an admitted carrier as an underwriter.

    Desired Skills/Experience

    • Must have well developed active listening, problem solving mindset and interpersonal skills for developing and strengthening broker relationships, and collaborate internally with other business units, actuarial, and corporate underwriting.
    • Strong communication, business writing, and oral presentation skills must be excellent.
    • Must have well developed business acumen to understand performance metrics, develop and implement profitable growth strategy within his/her dedicated territory.
    • Must have strong organizational skills and ability to work independently.
    • Sound technology capabilities in Microsoft products such as Excel, Word, and PowerPoint and ability to use and manipulate data.
    • Knowledge of CAT Modeling parameters (PML, AAL, data quality) to assess an account exposure and its impact to overall portfolio, with ability to calculate sufficient cat rate.
    • Knowledge of the regulatory environment of the property admitted market.
    • Understand the key elements of risk selection and risk assessment, can develop loss estimates, can formulate and negotiate a risk mitigation plan based on survey reports, and place facultative reinsurance strategically when necessary.

    Education

    • Bachelor's degree (ideally with a degree/major in Economics, Business, Risk Management or Engineering)

    The Company

    Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid.

     

    Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed