AVP/VP, Excess Casualty Underwriting

Allied World Assurance Company•San Francisco, CA

2d•Onsite

About The Position

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Requirements

4-year college degree
7-10 years underwriting experience
Established relationships with brokers/markets/companies
Successful track record in developing and maintaining reinsurance placements
Excellent negotiation skills
Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint)
Excellent communication (both written and verbal) and interpersonal skills
Strong attention to detail and quantitative skills
Ability to work to deadlines and prioritize tasks
Ability and willingness to work outside normal office hours as required

Nice To Haves

Professional designation such as CPCU, ACII or similar preferred

Responsibilities

Responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients.
Execute the business plan for the development, management and expansion of a portfolio of accounts
Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives
Review and analyze underwriting submissions, slips and contracts
Price and analyze coverage, structure and exposures
Set appropriate terms and conditions following the Company business strategy to quote selected risks
Evaluate terms and structures in conjunction with Actuarial staff to meet corporate profitability targets
Authorize quotes/binders/invoices as appropriate
Lead underwriters to exercise proper underwriting, pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures
Negotiate with brokers and clients for new and renewal business
Attend client/broker meetings, lunches, dinners and other social outings as applicable
Attend important industry conferences and seminars as appropriate
Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate
Expand existing portfolio of business by developing existing relationships and new prospective clients
Maintain overview of market and industry developments through traveling, attending market conventions and seminars and other means to optimize the underwriting and portfolio strategy
Supervise underwriting assistants and associate underwriters to ensure information is inputted into the in-house system in an accurate and timely manner
Conduct pre-quote and mid-term underwriting audits as needed
On a quarterly basis review the development of the portfolio against original projections
Periodic reporting to manager regarding submissions and current portfolio content