Chicago, IL, USA
6 days ago
Captives Executive Underwriter
Executive Underwriter - UW07CD

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.   

         

This position is responsible for the successful program management of assigned Captive programs. The Executive Underwriter will develop and maintain effective relationships with internal and external partners to foster positive program results.

You will have responsibility for underwriting workers compensation, general liability and commercial auto for Captive programs. The Executive Underwriter’s major purpose is to profitably grow their assigned Captive Programs and achieve underwriting excellence.

The Executive Underwriter does not have any direct reports but is the client manager and is responsible for influencing internal and external partners to achieve positive program results. Authority levels will vary, and Gross Written Premium will average in the $25M - $35M range.

Attendance at Board meetings and client seminars with some international travel possible (Less than 10%).

Responsibilities:

Technical Underwriting and Risk Selection

Rigorously analyzes underwriting information in assessing risk for each account.

Is creative in the use of underwriting tools and techniques to write profitable business while maintaining disciplined adherence to underwriting standards.

Is able to communicate rationale for underwriting decisions.

Exhibits a commitment to finding ways to write business without sacrificing quality.

Program Management

Participation in all aspects of program management such as actuarial pricing, claim or TPA oversight, reinsurance accounting and collateral management.

Possesses a deep understanding of the business.

Demonstrated responsiveness and dedication to customers and follow through on service commitments

Manage program to achieve underwriting excellence, pricing adequacy and targeted ROE’s.

Production Underwriting and Sales

Exhibits a commitment to finding ways to write profitable new business.

Takes ownership and accountability for growth of assigned Captive Programs.

Leverages relationships to drive new business and renewal retention opportunities.

Relationship and Team skills

Demonstrates excellent working relationships with all internal business associates leading to a high level of customer satisfaction.

Builds strong relationships with Captive customers and Captive Managers.

Closely manages results and implements specific actions to address shortfalls.

Qualifications:

BS/BA degree preferred, advanced degree preferred and /or relevant industry designation (i.e. CPCU, ARM, etc.)

5 + years underwriting multi-line Commercial Property Casualty business

Experience with Captive insurance programs is desirable

Experience underwriting construction accounts is preferred

Strong loss responsive or captive program and pricing knowledge

Strong coverage knowledge 

Superior relationship building skills including influencing and negotiation skills

Robust problem solving and critical thinking skills

Outstanding at providing Customer Service

Location:

This role will have a Hybrid work arrangement, with the expectation of working in one of the posted office locations 3 days a week (Tuesday through Thursday).

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$121,760 - $182,640

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us | Culture & Employee Insights | Diversity, Equity and Inclusion | Benefits

Confirm your E-mail: Send Email