Chubb - Denver, CO

posted 4 months ago

Full-time - Mid Level
Denver, CO
Insurance Carriers and Related Activities

About the position

We are seeking a Senior Underwriter for our Financial Lines / Private Not for Profit Team in the Denver branch office. The PNP Sr. Underwriter will be accountable for the growth and profitability of management liability business within the territory. This role involves managing a personal book of business that includes Directors and Officers (D&O) insurance, Employment Practices Liability (EPL), Fiduciary Liability, Crime, Workplace Violence (WPV), and Kidnap and Ransom Lines of business. The successful candidate will be responsible for the financial performance of this book, focusing on profit, rate, retention, and growth. In addition to financial performance, the Senior Underwriter will engage in successful market penetration and agency management. This includes building, maintaining, and managing relationships with producers and customers. The role requires the development of a personal agency strategy and goals, with continual monitoring of progress to ensure targets are met. The Senior Underwriter will also identify cross-sell opportunities within commercial products and services related to their personal book of business. The position involves soliciting, selecting, and analyzing risks within Private Not for Profit (PNP) guidelines, ensuring proper documentation is maintained. The Senior Underwriter will develop and negotiate pricing, coverage, and terms and conditions for all new business and renewals, while actively identifying account rounding opportunities. Regular meetings with producers and renewal customers will be necessary to make sales presentations, which include product education and the rollout of new products. Collaboration with underwriters, operations, claims, marketing, and home office product management is essential to consistently meet service standards. Additionally, the Senior Underwriter will collect and share industry intelligence with the team, including insights on industry trends and developments.

Responsibilities

  • Accountable for the growth and profitability of management liability business within the territory.
  • Manage a personal book of business consisting of D&O, EPL, Fiduciary Liability, Crime, WPV, and Kidnap and Ransom Lines of business.
  • Ensure financial performance, including profit, rate, retention, and growth of the personal book of business.
  • Build, maintain, and manage producer and customer relationships for successful market penetration and agency management.
  • Develop personal agency strategy and goals with continual monitoring of progress.
  • Identify cross-sell opportunities within commercial products and services on personal book of business.
  • Solicit, select, and analyze risk within PNP guidelines and ensure proper documentation.
  • Develop and negotiate price, coverage, and terms and conditions for all new business and renewals.
  • Meet with producers and renewal customers to make sales presentations, including product education and new product rollout.
  • Collaborate with underwriters, operations, claims, marketing, and home office product management.
  • Consistently meet service standards.
  • Collect and share industry intelligence with the team, including industry trending and development.

Requirements

  • Bachelor's degree or equivalent experience.
  • 3+ years of experience underwriting Financial Lines.
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