Senior Underwriter - Ocean/Cargo Marine

MSIG Holdings•Chicago, IL

About The Position

MSIG USA is seeking a Senior Underwriter - Ocean/Cargo Marine to play a critical role in evaluating, pricing, and managing risks associated with domestic and international cargo shipments. This position supports the profitable growth of the marine portfolio by applying sound underwriting judgment, building strong broker relationships, and staying ahead of global trade and logistics trends. MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., a top global P&C carrier with a significant international presence and strong financial ratings.

Requirements

Bachelor’s degree in business, finance, risk management, or related field.
Experience underwriting cargo, ocean marine, or related commercial P&C lines.
Strong analytical skills with the ability to assess complex risks and make sound decisions.
Excellent communication and negotiation abilities.
Ability to build and maintain productive broker relationships.
Proficiency with underwriting systems, rating tools, and Microsoft Office applications.

Nice To Haves

Professional designations such as CPCU, AMIM, or ARM.
Knowledge of international trade, logistics, and maritime operations.

Responsibilities

Assess and underwrite cargo and ocean marine risks in accordance with company guidelines, authority levels, and profitability targets.
Analyze submissions including vessel details, cargo type, routing, loss history, and insured operations.
Determine appropriate pricing, terms, and conditions based on risk quality and market dynamics.
Structure tailored insurance solutions for complex or specialized marine exposures.
Manage a book of cargo/ocean marine business with a focus on sustainable profitability and disciplined growth.
Monitor account performance, loss trends, and market conditions to adjust underwriting strategies.
Collaborate with actuarial, claims, and risk engineering teams to refine underwriting approaches and improve results.
Develop and maintain strong relationships with brokers, agents, and key clients.
Provide responsive, knowledgeable service to distribution partners to support new business and renewals.
Represent the company in market meetings, industry events, and client presentations.
Ensure underwriting files are complete, accurate, and compliant with internal standards and regulatory requirements.
Maintain clear documentation of underwriting rationale, pricing decisions, and coverage structures.
Stay current on global trade patterns, supply chain issues, vessel safety standards, and marine insurance trends.
Contribute to product development, appetite refinement, and strategic initiatives within the marine segment.