Underwriter/ Senior Underwriter, Property- Commercial Insurance

Chubb Ltd.; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

Chubb Ltd. in Toronto, Ontario, is seeking a Property Underwriter to manage a renewal book and generate new business. The role focuses on mono-line property opportunities while cross-selling other lines within Commercial Insurance.

The ideal candidate will develop book growth, maintain broker relationships, and implement pricing strategies. Responsibilities include broker planning visits and achieving profitability targets.

Qualifications

• Bachelor’s degree or equivalent work experience.
• 3+ years of property underwriting experience.
• Experience in quota share placements within commercial insurance.
• Strong knowledge of property products, coverage options, and underwriting principles.
• Excellent analytical and interpersonal skills with the ability to build relationships.

Responsibilities

• Underwrite and assess property insurance risks for middle market accounts.
• Analyze submissions, evaluate risk exposures, and determine appropriate coverage and pricing.
• Collaborate with brokers to develop customized insurance solutions that meet client needs.
• Maintain strong relationships with brokers and clients, providing exceptional service and support.
• Stay current on market trends, regulatory changes, and emerging risks to inform underwriting decisions.
• Mentor and support junior underwriters, sharing knowledge and best practices.
• Contribute to the development of underwriting guidelines and strategies to enhance profitability and growth.

Skills

Underwriting

Relationship building

Analytical skills

Communication skills

Education

Bachelor’s Degree or equivalent

Job description

Toronto, ON, Canada

Trending

Job Description

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Key Objective:

ThePropertyUnderwriter will manage a property renewal book while also producing new business. The position will primarily be focused on underwriting mono-line property opportunities. However, the underwriter will be charged with cross selling and uncovering other lines of business for others within Commercial Insurance.

The Property Underwriter must develop book growth, maintain superior relationships, and implement effective and profitable pricing rate strategies. Underwriting will include marketing and servicing accounts based on Chubb guidelines.

The PropertyUnderwriter will have accountability for the financial performance of the property book of business, achieving growth for the assigned branch, region, and territory. They will identify opportunities for growth within new and existing production sources, identify cross sell opportunities, conduct broker planning/goal setting including monitoring of progress and make regular broker and insured visits.

Major Responsibilities:

Underwrite and assess property insurance risks for middle market accounts.

Analyze submissions, evaluate risk exposures, and determine appropriate coverage and pricing.

Collaborate with brokers to develop customized insurance solutions that meet client needs.

Maintain strong relationships with brokers and clients, providing exceptional service and support.

Stay current on market trends, regulatory changes, and emerging risks to inform underwriting decisions.

Mentor and support junior underwriters, sharing knowledge and best practices.

Contribute to the development of underwriting guidelines and strategies to enhance profitability and growth.

Qualifications

Bachelor’s Degree and/or equivalent work experience

Experience in quota share placements within commercial insurance is required.

Strong technical underwriting skills with experience writing on various company and broker manuscript wordings.

3+ years of experience in property underwriting, preferably in the wholesale or middle market sector.

Strong knowledge of property insurance products, coverage options, and underwriting principles.

Excellent analytical skills with the ability to assess complex risks and make sound decisions.

Exceptional communication and interpersonal skills, with a proven ability to build relationships.

Ability to work independently and as part of a team in a fast-paced environment.

At Chubb we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire, please inform Human Resources. If a selected applicant requests accommodation during the recruitment process, Chubb will consult with the applicant in order to provide suitable accommodation that takes into account the applicant’s accessibility needs.

Job Info

• Job Identification 28416
• Job Schedule Full time
• Regular or Temporary Regular
• Business Unit Canada
• Legal Employer Chubb Insurance Company of Canada