Senior Underwriter - D&O/Management Liability

Ryan Specialty • Chicago, IL

10d

About The Position

Position Summary The Senior Underwriter for the D&O/Management Liability group is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Directors & Officers and Management Liability insurance. The role involves assessing risks associated with insuring management-related exposures, evaluating applications, analyzing data, and determining coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines per delegated authority and build strong relationships with brokers and other stakeholders in the designated portfolio. What will your job entail? Job Responsibilities: Underwrites new and renewal D&O and Management Liability business, analyzes policy forms, broker endorsement requests, and submitted documentation per company underwriting standards and guidelines, and obtains additional information as needed. Determines acceptance, modification, or decline of risk through evaluation of company exposure, coverage value, organizational structure, operations, and other factors pertinent to the decision. Determines appropriate coverage limits and insurance premiums, policy terms, and conditions based on risk assessment and underwriting guidelines, ensuring active portfolio management of D&O accounts. Delivers services for new D&O and Management Liability business and renewals while demonstrating professionalism, technical expertise, and adherence to underwriting guidelines. Examines, identifies, and evaluates exposures unique to management liability and ensures compliance with state and federal laws and guidelines established by carriers and the organization. Provides premium forecasts and business plans to support budget and performance targets specific to management liability. Maintains existing broker relationships and collaborates across teams to manage production activities such as submissions, quotes, declines, binds, and issuance to provide accurate, timely, and quality service to clients. Builds professional, long-term relationships in the designated portfolio and, per delegated authority limits, partners with brokers to create customized insurance solutions tailored to client needs. Creates opportunities for new business, maximizes retention of assigned portfolio, and ensures timely review of renewal business to achieve business targets. Executes marketing activities, attends seminars and training, and stays informed about market dynamics and D&O/Management Liability underwriting trends. Stays updated on industry trends, emerging risks in the management liability sector, terminology, regulations, and adjusts underwriting strategies accordingly.

Requirements

• Bachelor’s degree or Master’s degree in Risk Management, Actuarial Science, Business Administration, or related discipline required. Commensurate work experience will be considered.
• 7+ years of experience in D&O or Management Liability Underwriting.
• Must meet minimum requirements for relevant state D&O and/or surplus lines licenses.

Nice To Haves

• Chartered Property Casualty Underwriter (CPCU) or similar designation is a plus.

Responsibilities

• Underwrites new and renewal D&O and Management Liability business, analyzes policy forms, broker endorsement requests, and submitted documentation per company underwriting standards and guidelines, and obtains additional information as needed.
• Determines acceptance, modification, or decline of risk through evaluation of company exposure, coverage value, organizational structure, operations, and other factors pertinent to the decision.
• Determines appropriate coverage limits and insurance premiums, policy terms, and conditions based on risk assessment and underwriting guidelines, ensuring active portfolio management of D&O accounts.
• Delivers services for new D&O and Management Liability business and renewals while demonstrating professionalism, technical expertise, and adherence to underwriting guidelines.
• Examines, identifies, and evaluates exposures unique to management liability and ensures compliance with state and federal laws and guidelines established by carriers and the organization.
• Provides premium forecasts and business plans to support budget and performance targets specific to management liability.
• Maintains existing broker relationships and collaborates across teams to manage production activities such as submissions, quotes, declines, binds, and issuance to provide accurate, timely, and quality service to clients.
• Builds professional, long-term relationships in the designated portfolio and, per delegated authority limits, partners with brokers to create customized insurance solutions tailored to client needs.
• Creates opportunities for new business, maximizes retention of assigned portfolio, and ensures timely review of renewal business to achieve business targets.
• Executes marketing activities, attends seminars and training, and stays informed about market dynamics and D&O/Management Liability underwriting trends.
• Stays updated on industry trends, emerging risks in the management liability sector, terminology, regulations, and adjusts underwriting strategies accordingly.

Benefits

• In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
• For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

What This Job Offers

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