its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Chubb is currently seeking a Senior Property Underwriter to join our team in Schaumburg, IL.
Description: The Senior Property Underwriter has responsibility for profitable growth and retention of a $7-9M Property book of business for the Schaumburg branch. The Underwriter would be accountable for new business production and execution of underwriting strategies. Sales and marketing activities are expected for the building and maintaining of internal/external relationships. We are looking
for a candidate who is highly motivated, results oriented with solid business and underwriting acumen. This position will collaborate within a team of other underwriters, operations, claims, marketing, and home office management as necessary.
This position will report to the Commercial Insurance Manager in our Schaumburg, IL office. MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to: Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. Collaborate with other underwriters, operations, claims, marketing,
and home office management as necessary. Implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations.
Strong sales and marketing skills are critical; must be able to demonstrate successful agency and broker management, including building, maintaining, and managing producer and customer relationships. Ability to identify opportunities for growth within new and existing production sources. Knowledge of marketing principles, pricing/rate strategies and how to apply them to attain underwriting profit. High degree of proficiency with the underwriting process, with a solid background in risk analysis.
Effectively interact with all levels of customers and collaborate with a team of underwriters, claims and loss control personnel Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies expected. Travel within the State of Michigan Requisition #: 12266ahf9io63
is looking for an applicant to fill the position of Monoline Property Production Underwriter that will support either our Schaumburg or Chicago Branch depending on the business need. Commercial Insurance writes companies with revenues up to $1B, including both guaranteed cost and loss sensitive program structures.
This underwriter will be charged with directly underwriting, servicing and growing a book consisting mainly of Manufacturing, Municipality, Health Care, Real Estate and Wholesale Distribution business. This Underwriter will be charged with aggressively marketing to their assigned agency/broker plant to bring in opportunities and will work closely with the respective Commercial
Insurance Practice Leader, Industry Segment leaders and home office resources to position this portfolio within Commercial Insurance for growth and profit. Responsibilities: The Production Underwriter will: Establish relationships with key trading partners and drive submission activity across assigned Agents & Brokers in our desired industry segments.
Be responsible for profit, growth and retention of assigned book (likely $7,000,000-$8,000,000 renewal book). Meet or exceed new business production goals (likely $1,500,000-$2,500,000) while maintaining profitability across assigned portfolio and adhering to authority and strategies. In conjunction with the Underwriter Associate, retain
key assigned renewals and lead coordination of Loss Control & Claims Service plans for service level accounts.
Maintain and develop relationships with the branch, our brokers and clients. Develop, advance & execute against a prospect pipeline with our trading partners, as well as engaging other business units for cross-selling opportunities. Desired Qualifications Bachelor's degree Underwriting experience preferably in the Middle Market Monoline Property segment. Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers. Presentation and public speaking skills Strong negotiations skills and sales acumen Invest in local broker and insurance marketplace relationships Knowledge and understanding of current insurance marketplace conditions Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority Understanding of Property Insurance coverage, terms and conditions.
Proficiency in Microsoft Office Suite Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.
Requisition #: 3515606ahf9io63
