Senior Underwriter, Professional Liability

Company Details

 

Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business.  Edge will focus on small to mid-sized risks through a wholesale only distribution model.

 

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.  Along the way, we have been listed on the New York Stock Exchange, seen our revenue soar well past $10 billion, and become a well-respected Fortune 500 Company.

 

Berkley Edge

 

The Company is an equal employment opportunity employer.

Responsibilities

The Senior Underwriter will maintain contributory responsibility for Professional Liability underwriting, including revenue growth, profitability and competitiveness by directing the activities for an underwriting function or team but overall sole responsibility for an individual book of business. Oversees policy applications, renewals, repricing, restrictions, and cancellations to determine risk acceptability and coverage.  Recognized as a technical expert that has both technical and administrative responsibility. May be involved in planning and implementing administrative, technical and operational direction toward achieving defined goals and objectives Focus is maintained on their assigned brokers to foster growth, understanding of our business, marketing of our appetite and initiatives as well as the key point person for resolution of service issues.

 

• Demonstrates broad knowledge of the business including Architects & Engineers, Lawyers Professional, Accountants, Insurance Agents & Brokers and Non-Medical Miscellaneous lines of business.
• Links product line policies, procedures and practices to the overall company strategy.Demonstrates a broad overview of the company’s operations.
• Identifies and acts on opportunities to share line of business knowledge with customers and team.
• Recognizes and advances the development of technological enhancements to meet strategic needs.
• Blends outside ideas with internal values when making recommendations.
• Networks with peers and outside resources to exchange ideas and information.
• Make recommendations in the development and implementation of policies and practices.
• Recommends new coverage enhancements to products to fill market gaps needed to create customer value.
• Integrates coverage, service, and regulatory or emerging hazard issues to exceed the needs of the customer.
• Coaches and directs others on coverage, service and regulatory or emerging hazard issues.
• Acts as a referral source, within assigned authority, on coverage and pricing.
• Helps train less experienced underwriters in product line.
• Achieves profitable growth through effective use of underwriting and business skills in assigned territory or product line.
• Develops pricing proposals utilizing advanced techniques.
• Understands pricing needs over a large territory or book of business.
• Works with claims to understand current claims trends and to incorporate trends into underwriting.
• Gathers and analyzes information to determine risk acceptability.
• Assesses rate adequacy relative to exposure.
• Integrates internal and external resources.
• Assesses and prioritizes underwriting and service needs and the feasibility of their delivery.
• Identifies critical exposures, trends and opportunities, and assists with the development of strategies to address them.
• Shares specialized knowledge of exposures for industry or market segments.
• Persuades customers in a preferred direction.
• Demonstrates the ability to influence brokers.
• Builds and leads effective underwriting teams.
• Negotiates advanced coverage issues.
• Solicits broker feedback and brings resolution to issues.
• Provides training guidance and acts as a referral source on coverage and pricing.Demonstrates advanced selling skills.
• Coaches and develops staff on client management.

Qualifications

• Four (4) year College Degree, or commensurate experience and training (Risk Management preferred).
• Minimum of 10 years’ professional liability underwriting experience.
• Strong experience in Excess & Surplus Lines and Wholesale Brokerage Distribution.
• CPCU, RPLU, ASLI, AU and other Professional designations preferred.
• Experience writing primary and excess professional liability is required.

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Additional Company Details

We do not accept unsolicited resumes from third party recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this depending on the level could be: Base Salary Range: Senior Underwriter: 80K-138K Executive Underwriter: 114K-175K Eligible for bonus Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role