Chubb - Chicago, IL
posted 4 months ago
Chubb is currently seeking a highly motivated and outgoing business professional to join the organization in an Executive Equipment Breakdown Underwriter position in our Midwest Region. This underwriter would be responsible for underwriting an assigned book of $7M - $8M Equipment Breakdown business. Our Midwest Equipment Breakdown book consists of manufacturing, healthcare, food, life sciences, real estate, manufacturing, wholesale distribution, municipality, etc. accounts. Responsibilities include managing and servicing the assigned renewal portfolio along with quoting new business and managing agency relationships. The position will be charged with marketing to their assigned agency/broker plant to bring in opportunities and will work closely with the respective Commercial Insurance Managers and Underwriters, Industry Segment Territory Underwriting Managers and Home Office to position this portfolio within Commercial Insurance for growth and profit. Specific responsibilities include establishing and building upon agency relationships through regular travel and communication, exceptional service and industry knowledge & expertise. The underwriter will have P&L accountability for premium, profitability, growth, retention, and expense plans/results for the assigned book. They will develop and negotiate price, coverage, terms and conditions on the renewal book including new business opportunities. Additionally, the underwriter will manage the execution of CI Equipment Breakdown strategies and overall portfolio management of the assigned book of business. Marketing to territories across our Midwest Region will be required and establishing strong local relationships will be key to success in this role. This role would service 5-6 branch offices located in the Midwest Region. Additional responsibilities also include establishing relationships with key trading partners and driving submission activity across assigned Agents & Brokers in our desired industry segments. The underwriter will be responsible for profit, growth and retention of the assigned book, meeting or exceeding new business production goals while maintaining profitability across the assigned portfolio and adhering to authority and strategies. In conjunction with Underwriter Associate, they will retain key assigned renewals and lead coordination of Loss Control & Claims Service plans for service level accounts. Maintaining and developing relationships with the branch, brokers, and clients is essential, as well as developing a prospect pipeline with major trading partners and engaging other business units for cross-selling opportunities.