Senior Underwriter Ocean Marine

Starr InsuranceChicago, IL
6d

About The Position

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents. Job Description: The Senior Ocean Marine Underwriter is responsible for the underwriting, growth, and profitability of an assigned book of new and renewal marine business. This individual will work independently to determine proper terms, conditions, and pricing, while fostering relationships with brokers to meet profit center business growth, retention, and profitability objectives. The Senior Underwriter will actively contribute to the development and training of less experienced staff and uphold established service standards.

Requirements

  • 3-5 years of marine production underwriting experience, reflecting progressive responsibility and advanced analytical skills.
  • Strong working knowledge of marine forms, terms, and conditions.
  • Demonstrated producer management and business development skills, with an understanding of profit center objectives.
  • Excellent verbal, written, and interpersonal communication skills, with the ability to cultivate relationships and transfer knowledge to peers.

Responsibilities

  • Underwrite and manage a designated book of Ocean Marine new and renewal business, with a focus on Cargo and potential exposure to Hull/P&I and Marine Liabilities.
  • Develop, maintain, and strengthen superior relationships with assigned and new brokers, driving profitable growth, retention, and achievement of profit center goals.
  • Independently analyze risks, establish appropriate terms, conditions, and pricing to ensure profitable underwriting decisions.
  • Analyze coverage needs, issue policies and endorsements, and maintain accuracy and compliance with established service standards.
  • Assist with the formal and informal training and mentoring of junior underwriting staff, sharing expertise in market conditions, risk analysis, marketing, and producer management.
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