Senior Casualty Underwriter
3 weeks ago
Chubb is a world leader in insurance, providing commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly.
The position is for a Senior Casualty Underwriter within the Casualty team. The role involves the underwriting of new and renewal Casualty accounts in line with Chubb guidelines, as well as developing business from an allocated panel of Independent and Global brokers within their delegated authority.
The ideal candidate will have 5 years' experience in a Casualty or Package Underwriting and Development role with an insurance company, strong broker relationships across Independent and Global broking houses, and the ability to develop creative solutions to unique underwriting situations. They will also have a strong understanding of advanced pricing techniques, account servicing costs, and the underwriting appetites of other departments.
The successful candidate will be responsible for:
- Achieving the personal premium budget
- Commercial Underwriting Process / Analysis
- Working within the Casualty department, on an assigned broker panel
- Underwriting a Primary, Umbrella and Excess Liability portfolio in accordance with Chubb underwriting strategy
- Selecting new risks and underwriting renewals for assigned book of business and/or for designated speciality classes or market segments
- Organising and presenting significant, complex accounts to Branch, Regional or Global referral points for approval as applicable
- The role is split equally between development work and managing the existing portfolio
- Accounts include a mix of Australian indigenous business and Multinational programs including fronting placements; typical premium size ranges from $25,000 to $1,000,000
- Key player on multi-departmental accounts
- Providing technical leadership for underwriting/marketing in the department or branch including risk referrals and portfolio management; serves as a resource regarding unique coverage needs
- Providing expertise in a speciality given Customer Group or line of business
- Maintaining a high level understanding of pricing individual risk exposures
- Assisting others in the development of pricing strategies, renewal negotiation strategy and developing game plans on new business submissions
- May serve as a higher level of underwriting authority for others in branch
The successful candidate will also be responsible for:
- Identifying, analysing and developing sources of desirable new business opportunities including cross-departmental and pipeline opportunities
- Preparing, delivering and negotiating quotations
- Collaboration with other Product lines including whole of account underwriting and broker meetings
- Building and maintaining long term relationships with key producers and Insureds; deals with producer principals on complex underwriting issues
- Presenting to prospective producers; may initiate new producer appointments
- Identifying and sharing information within the regarding competitors products and underwriting
- Providing expertise on accessing opportunities for growth in speciality, customer or Product line groups
We offer a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. We also offer a flexible working approach via our 'My One Thing' initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.
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