Binding Authority Underwriter - High Net Worth, Personal Lines

ryansg; United States; On-site; USD 90,000 - 150,000; Full time

Job summary

RT Specialty, a division of Ryan Specialty, is seeking a Binding Authority Underwriter to build and grow a High-Net-Worth Personal Lines book. You will assess complex risks, market submissions to carriers, prepare quotations, and manage the underwriting process from issuance to servicing.

The role emphasizes relationship development with retail agents and carrier partners, negotiation of coverage terms, and profitable premium growth for specialized personal risk exposures.

Qualifications

• 3+ years of insurance experience in Personal Lines underwriting or related areas.
• Experience developing relationships with agents, brokers, or carrier partners.
• Experience marketing business to carriers and negotiating coverage solutions.
• Working knowledge of Personal Lines products and coverages.

Responsibilities

• Underwrite new business, renewals, endorsements, and complex personal lines risks within authority.
• Develop and manage relationships with retail agents, brokers, and carrier partners.
• Grow a profitable High-Net-Worth Personal Lines portfolio through new submissions and partnerships.
• Coordinate with internal teams and carriers to ensure timely policy issuance and servicing.
• Represent the organization at industry events and market development initiatives.

Skills

Underwriting

Relationship building

Negotiation

Market development

Job description

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers' compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.

Position Summary

The Binding Authority Underwriter is responsible for developing and growing a new High-Net-Worth Personal Lines book of business by assessing complex insurance risks, building strong relationships with retail agents, and delivering tailored coverage solutions. This role evaluates and underwrites new business opportunities, markets submissions to carrier partners, prepares competitive quotations, and manages the underwriting process through policy issuance and servicing.

We are seeking a relationship-driven Binding Authority Underwriter to build and grow a new High-Net-Worth Personal Lines book of business. This role is responsible for evaluating and underwriting complex personal lines risks, developing retail agency relationships, marketing submissions to carrier partners, negotiating terms and pricing, and driving profitable premium growth.

The ideal candidate will bring experience in Personal Lines underwriting, wholesale brokerage, binding authority, or retail agency production and have a proven ability to develop business relationships, generate submissions, and grow a profitable book of business.

This position offers the opportunity to help build a specialty practice focused on high-net-worth individuals and complex personal risk exposures, including luxury homes, high-value automobiles, private collections, yachts, aviation, and excess liability placements.

What will your job entail?

Key Responsibilities

Underwriting & Risk Assessment

• Underwrite new business, renewals, endorsements, and complex personal lines risks within established underwriting authority.
• Analyze exposures, loss history, inspections, valuations, catastrophe exposure, and risk characteristics to determine coverage structure and pricing.
• Review carrier guidelines and marketplace appetite to identify optimal placement strategies.
• Prepare competitive quotations and communicate coverage recommendations, terms, and conditions to retail agency partners.
• Maintain accurate underwriting documentation and file records.

Business Development & Relationship Management

• Develop, manage, and expand relationships with retail insurance agents, brokers, and carrier partners.
• Generate new business opportunities through agency prospecting, relationship-building activities, and market development initiatives.
• Establish a consistent pipeline of new submissions and actively cultivate producer relationships.
• Identify opportunities to increase premium volume and expand agency partnerships.
• Represent the organization at agency meetings, networking events, conferences, and industry functions.

Book Growth & Portfolio Management

• Build a profitable High-Net-Worth Personal Lines portfolio from the ground up.
• Drive annual premium growth through new business production and agency development efforts.
• Monitor portfolio performance, profitability, retention, and production metrics.
• Partner closely with leadership to execute growth strategies and expand market presence throughout targeted territories.

Account Management

• Manage accounts throughout the policy lifecycle, including endorsements, inspections, renewals, and policy servicing activities.
• Coordinate with internal teams, carrier partners, and retail agents to ensure timely policy issuance and exceptional customer service.
• Review inspection recommendations and follow through on underwriting requirements.

Products & Coverages

• High-value homes and luxury residential properties
• Historic homes, condominiums, and penthouses
• Homes owned by trusts, LLCs, and corporations
• Multiple-home portfolios
• Course of construction risks
• CAT-exposed properties
• Flood, Earthquake, Wildfire, and Hurricane exposures
• Luxury, exotic, and collector automobiles
• Private aviation risks
• Luxury yachts and personal watercraft
• Fine art, jewelry, wine, and collectible schedules
• Umbrella and excess liability coverage
• Employment Practices Liability (EPL)
• Directors & Officers and Fiduciary Liability for nonprofit organizations

Required Qualifications

3+ years of insurance experience in one or more of the following:

• Personal Lines Underwriting
• Binding Authority Underwriting
• Wholesale Brokerage
• Personal Lines Brokerage
• High-Net-Worth Personal Lines
• Private Client Insurance

• Experience developing relationships with insurance agents, brokers, or carrier partners.
• Experience marketing business to carriers and negotiating coverage solutions.
• Working knowledge of Personal Lines products and coverages.
• Demonstrated ability to build, ma