Executive Underwriter

Canopius Group; Chicago (IL); On-site; USD 150,000 - 215,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Child care support

Paid maternity leave

Paid paternity leave

Job summary

A leading insurance company is seeking an Executive Underwriter to manage and grow a profitable portfolio of Excess Casualty business. The ideal candidate will have over seven years of relevant underwriting experience and strong broker relationships. Responsibilities include developing strategies, mentoring team members, and ensuring compliance with underwriting standards. Competitive salary and benefits are offered.

Qualifications

• Seven plus years of Excess Casualty specific underwriting experience.
• Experience handling mid-to-large size risks on a non-admitted basis within specialty E&S.
• Self-motivated and able to work independently.

Responsibilities

• Execute on and contribute to the development of Excess Casualty strategies.
• Market US Excess Casualty underwriting capabilities to generate new business.
• Provide subject matter guidance and mentorship to junior team members.

Skills

Deep casualty underwriting experience

Strong existing wholesale broker relationships

Excellent communication skills

Critical problem-solving skills

Organizational skills

Ability to multi-task

Education

College Degree

CPCU or other industry designations

Tools

Office 365

Job description

Executive Underwriter — Canopius Group

Responsible for all aspects of marketing and underwriting Excess Casualty risks as part of the Canopius US Excess Casualty team. As the US Excess Casualty product offering represents a newer capability and growth opportunity for Canopius, this role provides a unique opportunity for an entrepreneurial individual to partner with the US Head of Casualty and others in the broader organization to execute on the post-launch growth and management of a profitable portfolio of US Excess Casualty business.

Note: The actual role title and compensation will be dependent upon candidate experience.

Key Responsibilities

• Execute on and contribute to the further development of US Excess Casualty strategies as a newer market entrant to build and grow a diverse, profitable portfolio of excess casualty business
• Effectively market Canopius’ US Excess Casualty underwriting capabilities and appetite to generate targeted new business submission flow in support of the US Excess Casualty product within the wholesale distribution channel
• Take a lead role in the on-going development of proprietary coverage forms and rating models to support targeted business
• Provide subject matter guidance to other US Excess Casualty team members, as well as direct training and mentorship of more junior team members
• Perform all aspects of the underwriting process including risk assessment, underwriting analysis and prudent risk selection in support of the US Excess Casualty appetite
• Properly rate, quote and bind risks in conjunction with established underwriting guidelines, personal underwriting authority grant, pricing objectives and limit management strategies
• Develop and maintain strong wholesale broker relationships supported by regular in-person meetings and virtual interactions. Identify key broker partners and execute on broker plans to build long-term, sustainable relationships.
• Communicate market intel surrounding competitors and brokers, as well as overall market developments.
• Actively participate in casualty emerging risk discussions and risk development scenario projects as requested
• Ensure all aspects of compliance related to file documentation and underwriting diligence are properly adhered to in accordance with Canopius standards or other regulatory and reporting requirements
• Assist with Peer Reviews as requested
• Assist with the gathering of detailed information regarding underwriting issues and other data required to complete monthly management reports in a timely fashion
• Promote the Canopius brand through active participation and representation at select industry events
• Provide recommendations supported by market trends and wholesaler broker needs to identify new areas of opportunity and growth to expand upon or evolve Canopius’ US Excess Casualty product offerings and capabilities

Qualifications

• Seven plus years of Excess Casualty specific underwriting experience, ideally including Primary Casualty experience
• Deep casualty underwriting experience and understanding of industry specific coverage nuances and exposures for a broad spectrum of industries and classes of business to effectively support Canopius’ diverse risk appetite
• Experience handling mid-to-large size risks on a non-admitted basis within the specialty E&S segment
• Strong existing wholesale broker relationships
• Desire and ability to travel regularly to establish, maintain and deepen wholesale broker relationships
• Excellent organizational skills and the ability to multi-task in a fast-paced environment
• Self-motivated with the ability to work independently, as well as take the lead in key team projects or initiatives
• Ability to demonstrate critical problem-solving skills in a collaborative and entrepreneurial team environment
• Excellent communication skills, both written and verbal, as well as negotiation skills
• Demonstrates a positive attitude in the face of challenges
• College Degree, as well as CPCU or other industry designations ideal
• IT literacy including advanced skills in Office 365, Word, Excel, PowerPoint, Outlook and other Microsoft Office applications.

Salary Range: $150,000 - $215,000

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Business Development and Production

Industries

Insurance

Benefits

• Medical insurance
• Vision insurance
• 401(k)
• Child care support
• Paid maternity leave
• Paid paternity leave