E&S Casualty Underwriter

Munich Reinsurance America, Inc; Chicago (IL); On-site; USD 107,000 - 165,000; Full time

Benefits offered by this job

Health insurance

401k with match

Paid holidays and PTO

Annual bonus eligibility

Tuition assistance

Wellness program

Life and disability insurance

Job summary

Munich Re Specialty - North America is seeking an AVP level E&S Casualty Underwriter to lead underwriting, market and bind a profitable excess and surplus book in Chicago. You will collaborate with leadership to drive growth, while maintaining broker relationships and delivering innovative specialty insurance solutions.

Ideal candidates have strong underwriting, marketing and analytical skills, CPCU or equivalent, and are comfortable traveling up to 30% to meet clients and broker partners.

Qualifications

• 5+ years of experience in insurance/reinsurance focusing on E&S casualty
• Excellent underwriting, marketing and analytical skills
• Advanced insurance certifications (e.g. CPCU) preferred
• Advanced knowledge of Commercial P&C / E&S products and UW processes
• Proficiency with pricing models and risk evaluation tools
• Strong relationships with wholesale brokers
• Tech savviness and willingness to learn new technologies
• Strategic thinker with tactical execution
• Excellent communication to engage brokers and clients
• Ability to present and negotiate complex broker agreements
• Strong time management and organizational skills
• Willingness to travel 20%-30%

Responsibilities

• Underwrite, market, quote, bind and retain a profitable E&S book within authority.
• Develop and execute production strategies to meet growth and rate goals.
• Measure portfolio progress by analyzing underwriting data and market practices.
• Cultivate and maintain professional wholesale broker relationships.
• Represent Munich Re at client events and meetings.
• Support day-to-day operations and projects with cross-group impact.

Skills

Underwriting

Market & pricing

Broker relations

Communication

Analytical skills

Travel readiness

Education

CPCU

Job description

E&S Casualty Underwriter, AVP

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

In this position you will:

• Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines business that meets profitability and growth targets. Operate within granted authority and guidelines and make referrals to underwriting leadership as appropriate.
• Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals. Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement
• Cultivate and maintain professional wholesale broker relationships.
• Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc
• Assistance in day-to-day operations and projects as assigned which could have client, business group, divisional and corporate impact.

Qualifications:

• 5+ years of experience in insurance and/or reinsurance focusing on E&S casualty lines of business
• Excellent underwriting, marketing and analytical skills
• Advanced insurance certifications (e.g. CPCU) preferred
• Advanced working knowledge of Commercial P&C / E&S products and insurance concepts, UW processes and procedures, laws and regulations, terminology, and other relevant industry trends
• Proficiency in the use of pricing models, tools and other risk evaluation models
• Successful track record of developing and maintaining strong relationships with wholesale brokers
• Tech savviness and a willingness to experiment with and learn new technologies
• Ability to think strategically and function tactically
• Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions
• Ability to present and negotiate complex agreements with brokers
• Effective time management and organizational skills
• Willingness to travel 20%-30%

The Company is open to considering candidates in Chicago, IL. The salary range posted below applies to the Company's Chicago location.

The base salary range anticipated for this position is $106,700 - $165,200 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

The salary estimate displayed represents the typical salary range for candidates hired in this position in Chicago, IL. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.