AVP Underwriter - D&O

Core Specialty Insurance Services•Chicago, IL

17h•Hybrid

About The Position

The AVP Underwriter - D&O role involves examining and analyzing submissions from broker partners to determine if the risk is a targeted class of business. The underwriter will then determine appropriate limits, pricing, and terms to ensure underwriting profit on each risk. This role is crucial for executing D&O business plans and objectives, building Core Specialty's reputation in the product liability market, and providing prompt customer service. The underwriter must ensure all risks are within delegated authority and underwriting standards, maintain documented evidence of underwriting activities, and support company goals. Building strong relationships with broker partners is also a key aspect of this position. The role requires adherence to internal policies, applicable law, and Core Specialty's shared values, prioritizing clients.

Requirements

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
Strong knowledge of Private D&O underwriting industry
Knowledge of Private D&O underwriting practices, coverage & pricing/rating methodologies
Strong knowledge of 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
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.

Nice To Haves

Industry designation such as RPLU or similar is a plus

Responsibilities

Examine and analyze submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business.
Determine appropriate limits, pricing, and terms that will provide Core Specialty with adequate underwriting profit on each risk.
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.