AVP Underwriter - D&O

Core Specialty Insurance Services • Chicago, IL

2d • $140,000 - $175,000 • Hybrid

About The Position

- Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk. Key Accountabilities/Deliverables: Execution of D&O business plans and objectives including: Build Core Specialty’s reputation and presence in the product liability market Provide prompt and accurate customer service on policy transactions Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies Provide documented evidence of underwriting activities and decisions in files as required Support Company and Department goals and objectives Build Core Specialty’s relationships with our broker partners In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require. Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.

Requirements

• Strong knowledge of Public D&O underwriting industry
• Knowledge of Public D&O underwriting practices, coverage & pricing/rating methodologies
• Strong knowledge of wholesale producer & competitor marketplace
• Strong knowledge of targeted industries
• Strong knowledge of insurance company operations
• Solid understanding of policy wordings and clauses
• Up-to-date knowledge of the insurance market environment
• Bachelor’s degree or equivalent relevant experience
• Ability to travel monthly within the region to meet assigned brokers in the region
• 5 Plus years’ experience in D&O Underwriting
• Applicants must be authorized to work for any employer in the U.S.

Nice To Haves

• Industry designation such as RPLU or similar is a plus

Responsibilities

• Examination & analyzing of submissions forwarded to Core Specialty by broker partners
• Determine appropriate limits, pricing & terms
• Execution of D&O business plans and objectives
• Build Core Specialty’s reputation and presence in the product liability market
• Provide prompt and accurate customer service on policy transactions
• Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
• Provide documented evidence of underwriting activities and decisions in files as required
• Support Company and Department goals and objectives
• Build Core Specialty’s relationships with our broker partners
• Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.

Benefits

• At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.
• We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees