Commercial Renewal Underwriter - Property

Chubb
US - Illinois - Chicago
May 31, 2024

Chubb Commercial Insurance is looking for an applicant to fill the position of Commercial Renewal Underwriter - Property. This Underwriter would be responsible for underwriting an assigned book of business and would service between three and six of the 14 branches in the Midwest region branches.

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 and growing a book consisting mainly of middle market business.

The position will be charged with building strong relationships with their assigned agency/broker plant to retain accounts and will work closely with the respective Commercial Insurance Managers, Industry Practice Leaders, Territory Underwriting Managers and Home Office line of business leaders to position this portfolio within Commercial Insurance for growth and profit. This role is also responsible for writing new business through cross sell and account rounding.

Responsibilities

The Renewal Underwriter will:

Underwrite primarily renewals for an assigned book of business.
Establish relationships with key trading partners and drive strong account retention activity across assigned territory.
Be responsible for profit, growth and retention of assigned book.
Meet or exceed new business production goals 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 Risk Engineering & Claims Service where needed.
Maintain and develop relationships with the branch, our agents, brokers and clients.

Competencies/Technical Skills:

Proven ability to successfully negotiate on all levels and develop producer relationships
Demonstrate ability to analyze risks, prioritize the gathering of underwriting data, and clearly communicate a well thought out underwriting approach
Excellent communication and documentation skills required
Ability to work independently, show initiative, while demonstrating strong collaboration skills in a team environment
Strong time and desk management skills
Working knowledge of Microsoft Office Suite as well as other business-related software

Qualifications

Bachelor's degree
1-3 years of underwriting experience
Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers.
Presentation and public speaking skills
Strong negotiations skills
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
Local broker and insurance marketplace relationships preferred but not required.

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

Read the full job description and apply online on the recuiter's web-site

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