AVP, Professional Lines Underwriting
About The Position
At PALMS Insurance, a NextEra Energy company, we specialize in offering customized insurance solutions that address the unique needs of our clients. Our commitment to excellence, reliability, and customer satisfaction sets us apart as a trusted provider in the insurance industry. Are you ready to make a meaningful difference? Become a part of our team today. Position Specific Description Palms Insurance is currently looking for an AVP or VP, Underwriting, for the Professional Lines team. This position is responsible for managing their own portfolio’s performance, including new business production, retention, rate/tiering execution, and portfolio management actions. Additionally, they will be responsible for managing broker relationships, underwriting referrals, and maintaining a production portfolio. Specifically, the Underwriter is expected to: Identify and pursue new business opportunities, cultivating strong broker and cedant relationships across the U.S. and international markets. Lead the underwriting and negotiation of treaty reinsurance contracts as well program manager agreements, ensuring alignment with company risk appetite and profitability goals. Collaborate with Actuarial, Claims, and Finance teams to analyze portfolio performance and inform pricing and risk selection. The ideal candidate will bring significant Professional Lines Underwriting experience, with demonstrated expertise in Professional and/or Management Liability as well as Cyber Liability. Prior experience as either a treaty underwriter or program underwriter is desired, and the successful candidate will have a proven ability to underwrite sophisticated risks requiring deep technical knowledge, sound judgment, and a consultative approach with cedents and business partners.Job OverviewThis position will manage a team of underwriters and/or actuaries, and have responsibility for multiple underwriting books of business. This employee would manage customer and broker relationships, and have budget authority over their organization.
Requirements
- Bachelor's Degree
- Experience: 10+ years specialty underwriting
- Supervisor/Management Experience: 4+ years
Nice To Haves
- Master's Degree
- Certification: American Institute for Chartered Property Casualty Underwriter(AICPCU) or Registered Professional Liability Underwriter (RPLU), or equivalent
- Experience: Excess and surplus underwriting
Responsibilities
- Manages profitable book of business by implementing underwriting decisions (in compliance with state laws and company guidelines), evaluating results and conducting portfolio reviews
- Reviews integrated pictures of factors that affect profitability, growth, retention prepared by subordinates and recommends, implements and monitors necessary action plans
- Reviews analysis and reports to management and executive management
- Makes underwriting decisions to accept, decline or modify risks within assigned underwriting authority level in partnership with management team
- Executes underwriting strategy, including portfolio management and self-audits
- Regularly travels to key accounts and remains a visible presence in the marketplace by participating in industry events and/or committees
- Performs other job-related duties as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1-10 employees
