Underwriter

Starr Insurance; Chicago (IL); On-site; USD 90,000 - 120,000; Full time

Job summary

Starr Insurance in Chicago seeks an experienced property underwriter to analyze and underwrite technical risk exposures for new and renewal business. You will maintain a renewal book, travel to meetings with clients and brokers, and develop new business in the Midwest.

The role requires strong math, negotiation, and communication skills, with the ability to meet deadlines for quotes and renewals while upholding underwriting standards.

Qualifications

• College degree is required.
• 3–5 years of property underwriting experience with heavy industrial risks.
• Strong written and verbal communication and negotiation skills.

Responsibilities

• Analyze and underwrite technical risk exposures on new and renewal business.
• Maintain an active account renewal book and manage client meetings.
• Travel for client and broker meetings on major renewals across the Midwest.
• Develop new business account production and marketing efforts.
• Ensure underwriting and service standards are met on assigned accounts.
• Prepare proposals, policies, endorsements, and obtain approvals as needed.

Skills

Underwriting

Risk analysis

Broker relations

Negotiation

Communication

Time management

Education

Bachelor's degree

Tools

Excel

Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you’ll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Essential Job Functions

• Analyze and underwrite technical risk exposures on new and renewal business
• Maintain an existing account renewal book
• Travel to and conduct client and broker meetings on all major renewals
• Develop new business account production.
• Travel to and complete marketing/sales meeting in assigned territories within the Midwest Region
• Ensure underwritingand service standards are met on assigned accounts
• Develop insurance proposals, prepare policies and endorsements, obtain Home Office underwriting approvals where needed.
• Detailed Risk Assessment.
• Experience in shared and layered accounts- expertise in underwriting complex risks including Foreign fronts.
• Broker relationship management. Experience in building and managing relationships with key brokers.
• Purchase reinsurance (only with approval) when needed, review reinsurance certificates and complete reinsurance documentation
• Arrange account engineering service

Requirements

• College degree
• 3-5 years Property underwriting experience involving heavy industrial/technical risks including oil, petrochemical, chemical, steel and power generation
• Excellent oral and written communication
• Strong math skills
• Negotiation skills. Ability to negotiate complex terms and pricing with brokers.
• Good organization and effective time management -ability to meet deadlines for new business quotes and renewals.
• Self-motivated and independent work traits

Starr is an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.