Senior Underwriter, Private Equity

Chubb Commercial Insurance is looking for a motivated, results oriented applicant to fill the position of Commercial Property and Casualty Production Underwriter for Private Equity clients. Commercial Insurance writes companies with revenues up to $1B, including both guaranteed cost and loss sensitive program structures. This position will be charged with growing and underwriting a book of business that consists mainly of Manufacturing, Wholesale Distribution, Professional Services, Food, Other / Business Services, Real Estate, and Cultural Institution Middle Market business. The position will also consist of marketing all Chubb’s products to assigned private equity-focused agents / brokers. The position will work closely with all Commercial Insurance resources both local, Industry Practice / LOB leaders, and Home Office Personnel.

Role Responsibilities

• Establish and develop relationships with key private equity-focused distribution partners to drive submission activity in our desired industry segments.
• Responsible for profit, growth, and retention of assigned book.
• Meet or exceed new business production goal of approximately $1.5m while maintaining profitability across assigned portfolio and adhering to authority and underwriting strategies. Includes knowledge and achievement of desired pre-bind metrics (Submissions, Quote Ratio, Hit Ratio, Efficiency Ratio) to facilitate profitable growth and achieve production goals.
• Strong Focus on developing a prospect pipeline 5x new business production goal with assigned distribution partners using advanced company prospecting tools and strong marketplace visibility of 12+ external visits per month.
• In conjunction with Underwriter Associate, meet or exceed rate, exposure, and retention goals to achieve desired profitability on renewal book by retaining key assigned branch accounts and leading coordination of Loss Control, Claims and other value-added service plans for service level accounts. Includes developing client relationships.
• Develop understanding of products and engage with other Chubb Business Units to aggressively cross-sell all Chubb Products and Solutions through agent / broker’s and existing client relationships. Includes but is not limited to, Multi-National, Environmental, Ocean Cargo, Financial Lines, Product-Recall, E&O, A&H, etc.
• Develop and maintain internal relationships with local branch, Line of business / Industry Practice Leaders and Home Office personnel.
• Bachelor’s degree or greater.
• 3-5 years of commercial underwriting experience, preferably in the core middle market property and casualty segment. Strong understanding of Property, General Liability, Auto, Workers Compensation, Umbrella, and International Lines of Business.
• Local Broker and Marketplace relationships.
• Strong marketing and negotiation skills with focus on building and developing external relationships.
• Demonstrates ability to affectively prepare for meetings to efficiently drive objectives.
• Strong technical underwriting skillset in areas including exposure / control analysis, coverage forms and policy structure, loss picks and profitability analysis, and rating.
• Ability to work efficiently in a strong, fast paced team environment.
• General understanding of underlying insurance business, regulatory environment, and strong adherence to underwriting authority.
• Proficiency in Microsoft Office Suite.

The pay range for the role is $114,600 to $194,800. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.