Underwriter

Starr Insurance Companies; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

Starr Insurance Companies in Chicago seeks an experienced Property Underwriter to analyze and underwrite technical risks in industrial and petrochemical sectors. You will travel for meetings with clients and brokers across the Midwest, maintain renewal books, and develop new business.

Strong communication, math abilities, and negotiation skills are essential, along with the ability to manage quotes and renewals on time. This full-time role offers growth in a global insurance leader.

Qualifications

• College degree with 3–5 years Property underwriting experience involving heavy industrial/technical risks.
• 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; meet deadlines for quotes/renewals.

Responsibilities

• Analyze and underwrite technical risk exposures on new and renewal business.
• Maintain an existing account renewal book.
• Travel to client and broker meetings on major renewals.
• Develop new business account production.
• Provide insurance proposals, policies and endorsements with approvals as needed.
• Manage broker relationships and coordinate with reinsurance when necessary.

Skills

Communication

Math skills

Negotiation

Broker pricing

Time management

Independence

Education

Bachelor's degree

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 underwriting and 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.

Starr is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

https://starr.com/About/Careers