Underwriter

Core Specialty Insurance Holdings, Inc.•Scottsdale, AZ

21d•Hybrid

About The Position

The Underwriter will analyze Excess Casualty submissions from broker partners to determine eligibility of risk within Core Specialty Excess Casualty appetite and subsequently to determine appropriate limits, attachment point, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk. Execution of (LOB) business plans and objectives. Key Accountabilities/Deliverables: Enhance Core Specialty's reputation in the market Provide prompt and accurate customer service on policy transactions Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies Provide documented evidence of underwriting activities and decisions in files as required Support Company and Department goals and objectives In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require. Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance, and Core Specialty's shared values, including putting clients at the heart of our business. Technical Knowledge and Understanding: Knowledge of Excess Casualty underwriting industry & current market environment Knowledge of Excess Casualty underwriting practices, coverage & pricing/rating methodologies Knowledge of producer & competitor marketplace Knowledge of targeted industries Knowledge of insurance company operations Familiarity with company systems, procedures & processes Solid understanding of policy wordings and clauses Understanding of all pricing/underwriting tools available At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. For further information about Core Specialty, please visit www.corespecialtyinsurance.com. In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com.

Requirements

Knowledge of Excess Casualty underwriting industry & current market environment
Knowledge of Excess Casualty underwriting practices, coverage & pricing/rating methodologies
Knowledge of producer & competitor marketplace
Knowledge of targeted industries
Knowledge of insurance company operations
Familiarity with company systems, procedures & processes
Solid understanding of policy wordings and clauses
Understanding of all pricing/underwriting tools available
Bachelor’s degree (preferably with a Risk Management & Insurance Major)
Ability to travel monthly within the region to meet assigned brokers in the region
3+ years in the Casualty Underwriting or Broking field
Applicants must be authorized to work for any employer in the U.S.

Nice To Haves

Achieved or working towards an industry designation such as CPCU, CRM, ARM, CIC

Responsibilities

Analyze Excess Casualty submissions from broker partners to determine eligibility of risk within Core Specialty Excess Casualty appetite
Determine appropriate limits, attachment point, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk
Execution of (LOB) business plans and objectives
Enhance Core Specialty's reputation in the market
Provide prompt and accurate customer service on policy transactions
Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
Provide documented evidence of underwriting activities and decisions in files as required
Support Company and Department goals and objectives
Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance, and Core Specialty's shared values, including putting clients at the heart of our business.