Vice President Builders Risk Underwriting - Intellium

FM•Boston, MA

About The Position

The Vice President Builders Risk Underwriting is responsible for expanding and executing FM’s Builders Risk and construction capabilities, fostering collaboration across business units, functions, and geographies. Initially focused on the rapidly growing data center sector, the role establishes the strategic foundation, underwriting framework, product direction, portfolio management approach, and market engagement model for a market-leading construction practice. The role collaborates across FM business verticals, including power generation, renewable energy, and other critical infrastructure industries. The position defines FM’s market position and engineering-led value proposition, establishes a multi-year strategy and roadmap for profitable portfolio growth, and turns engineering insights into underwriting advantages and customer outcomes. It also leads development of Builders Risk solutions, underwriting frameworks, portfolio controls, pricing and governance practices, and senior relationships across the construction market. The role represents FM in broker and customer engagements and industry forums, and supports the transition of projects from construction coverage to operational property programs.

Requirements

Bachelor’s degree in Risk Management, Insurance, Engineering, Construction Management, Finance, Business, or a related field.
10+ years of commercial property and/or Builders Risk underwriting experience, with significant expertise in large, complex construction projects valued at $1 billion or more.
Demonstrated experience underwriting or managing portfolios involving data centers, power generation, renewable energy, advanced manufacturing, infrastructure, or other mission-critical construction projects.
Proven success developing underwriting strategies, portfolio management frameworks, and growth plans.
Experience establishing underwriting guidelines, authorities, pricing methodologies, and governance processes.
Strong understanding of construction project delivery methods, contract structures, project financing, and stakeholder relationships.
Experience working with large brokers, owners, developers, contractors, and engineering organizations.
Track record of influencing senior leaders and driving initiatives across underwriting, engineering, and claims functions.

Responsibilities

Define FM’s market position and engineering-led value proposition in the Builders Risk insurance marketplace.
Identify and prioritize target segments, beginning with data centers and expanding into selected adjacent sectors.
Create a roadmap for sustainable portfolio growth, underwriting profitability, organizational capability, and market expansion.
Monitor construction investment trends, emerging technologies, project delivery models, and evolving customer needs.
Develop and execute a multi-year Builders Risk and construction industry strategy aligned with FM’s growth objectives.
Translate engineering insights into underwriting advantages, broker value, and measurable customer outcomes.
Create a consistent approach for transitioning projects from construction coverage to operational property programs.
Lead development of differentiated Builders Risk solutions tailored to mission-critical construction projects.
Integrate FM’s engineering and loss prevention expertise into underwriting, coverage, service, and customer engagement.
Partner with product and legal teams to evolve policy language and specialized construction solutions.
Design underwriting frameworks, appetite statements, authorities, referral standards, and risk selection strategies.
Establish portfolio management disciplines, including aggregation monitoring, catastrophe exposure management, concentration controls, and capacity deployment.
Define target risk characteristics for data centers, power generation facilities, advanced manufacturing projects, and infrastructure developments.
Partner with underwriting leadership to develop pricing methodologies, risk assessment criteria, and governance routines.
Monitor portfolio performance and recommend adjustments to optimize risk-adjusted returns and growth.
Build senior relationships with construction brokers, developers, owners, contractors, and other project stakeholders.
Serve as FM’s internal and external thought leader for Builders Risk and construction risk.
Represent FM in broker meetings, customer engagements, and relevant industry forums.
Assess competitive dynamics and recommend actions that increase FM’s relevance, differentiation, and market share.
Drive initiatives across underwriting, engineering, and claims functions and influence senior leaders.