Renewal Underwriter - Seneca Custom Property MA

Crum & Forster • Morristown, NJ

4h • Hybrid

About The Position

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A+"(Superior) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.
Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.
C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com.
Custom Property Massachusetts – Renewal Underwriter (Can be in Morristown NJ or Boston MA)
Responsibilities:
Has responsibility for renewal pre-qualification to determine if non-renewal, conditional non-renewal or other notice needs to be issued.
Solicit renewal information from brokers 90 days out from expiration
Handle all aspects of renewal business, including terms, pricing, retention, growth and profitability per Seneca guidelines.
Analyze any changes in exposures to determine acceptability and increased hazards. Use independent judgement and initiative to support business goals.
Maintain underwriting discipline by maintaining bottom line underwriting philosophy
Remain within designated authority and seek approval as needed
Document files appropriately with complete underwriting thought process
Verify loss history and consult claims division for feedback prior to evaluating renewal terms, if necessary.
Assess risk quality and compliance within company guidelines and initiate appropriate loss prevention actions.
Develop and maintains effective business relationships with clients in order to retain profitable business
Place reinsurance according to corporate guidelines

Requirements

• 1+ years of Insurance Experience with focus on Property.
• Strong communication, negotiation and organizational skills required.
• College degree or equivalent experience is preferred.

Nice To Haves

• ARM and CPCU designations are a plus.

Responsibilities

• Has responsibility for renewal pre-qualification to determine if non-renewal, conditional non-renewal or other notice needs to be issued.
• Solicit renewal information from brokers 90 days out from expiration
• Handle all aspects of renewal business, including terms, pricing, retention, growth and profitability per Seneca guidelines.
• Analyze any changes in exposures to determine acceptability and increased hazards. Use independent judgement and initiative to support business goals.
• Maintain underwriting discipline by maintaining bottom line underwriting philosophy
• Remain within designated authority and seek approval as needed
• Document files appropriately with complete underwriting thought process
• Verify loss history and consult claims division for feedback prior to evaluating renewal terms, if necessary.
• Assess risk quality and compliance within company guidelines and initiate appropriate loss prevention actions.
• Develop and maintains effective business relationships with clients in order to retain profitable business
• Place reinsurance according to corporate guidelines

Benefits

• Flexible work arrangements.
• Competitive compensation package.
• Generous 401K employer match.
• Employee Stock Purchase plan with employer matching.
• Generous Paid Time Off.
• Excellent benefits that go beyond health, dental & vision. Our Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing
• A core C&F principle is that you manage your career. To support your development, we have a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training available to you.
• A dynamic, ambitious, fun and exciting work environment.
• A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level