Arch

Senior Underwriter, Private Equity Casualty

Entity Arch Insurance Group Inc (U.S.)
Job Locations US-NY-New York
Job ID
2020-3304
Business Segment
Insurance
# of Openings
1
Category
National Accounts Casualty

The Position

The Senior Underwriter of Arch Private Equity is responsible for the technical underwriting and account management of guaranteed cost property and casualty programs; this includes working with retail brokers to attract and retain these accounts.  The position reports to the Vice President, Private Equity Casualty.

 

Job Responsibilities

  • Evaluate underwriting, renewals and new business, actuarial trends, ceded reinsurance, market opportunity, and product application.
  • Personally participate in marketplace initiatives through interface with key customers, agents, and brokers.
  • Regularly meet with brokers and agents, industry groups, and insured’s to present and represent the business unit’s interests.
  • Follows guidelines to ensure that underwriting products and practices are in accordance with appropriate regulatory requirements
  • Conduct meetings with Private Equity firms and educating our partners on the Arch Private Equity product and value add.

Key Competencies:

  • Solicits and reviews new and renewal account information required to evaluate a risk.
  • Identifies all potential exposures and hazards in relation to coverage requested and individual risk characteristics.
  • Underwrites, prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings.
  • Negotiates and places facultative reinsurance when applicable
  • Prepares final quotation/proposal and presents to producer and or prospective insured.
  • Coordinates all administrative duties related to existing and prospective accounts.
  • Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, legal agreement execution, TPA coordination and any other service related items.
  • Together with internal team members, takes responsibility to deliver promised service to customers.
  • Responsible for renewal and retention management and manages the renewal process to achieve targeted retention and price change goals.
  • Develop, expand, and enhance broker and client relationships through high visibility and frequent engagement.

Desired Skills/Experience

  • Knowledge of coverage terms - Workers Compensation, General Liability, Automobile Liability, Umbrella, and Property.
  • Understanding and knowledge of exposure identification and control analysis.
  • Posses a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
  • Knowledge of regulatory and compliance issues.
  • Sales and Negotiation skills.
  • Ability to perform multiple tasks simultaneously.
  • Have the ability to influence without authority and be willing to work in a collaborative and team environment.
  • Strong customer service, negotiation and presentation skills.
  • Hands-on experience and strong aptitude with MS Office, Microsoft Excel, PowerPoint and Word.
  • Excellent written/verbal communication and organizational skills.
  • Ability to work well in a team environment.

Education

  • At least 5 years of related, underwriting experience.
  • Middle Markets Accounts experience required, guaranteed cost program structures.
  • College degree preferred.

 

 

The Company

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.

 

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, and Australia.

 

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.

 

Arch offers competitive pay and a comprehensive benefits package including a student loan assistance program, 401k company match and employee stock purchase plan (ESPP).  Additionally, Arch is committed to supporting professional development and a culture that encourages innovation, collaboration and professional growth.

 

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