My client, a leading reinsurance firm, is seeking an experienced and highly skilled E&S Excess Casualty Underwriter to join their dynamic underwriting team. The ideal candidate will be responsible for underwriting new and renewal business within the Excess Casualty line, focusing on analyzing risks, pricing, and providing high-quality service to clients while driving profitable growth. This role requires a deep understanding of the E&S (Excess and Surplus) marketplace, effective communication skills, and the ability to manage relationships with brokers, clients, and internal stakeholders.
Key Responsibilities:
- Underwriting New and Renewal Business:
- Underwrite a diverse portfolio of E&S Excess Casualty risks, including complex accounts across various industries.
- Develop and maintain profitable relationships with brokers, clients, and intermediaries.
- Assess risk exposures, coverage needs, and loss history to determine appropriate terms and conditions.
- Ensure accurate pricing of risks based on underwriting guidelines, industry knowledge, and loss experience.
- Handle and negotiate both new business and renewals to ensure consistency in underwriting philosophy and profitability.
- Risk Analysis and Evaluation:
- Review underwriting submissions, evaluating risk profiles, exposures, and liabilities for individual accounts.
- Analyze claims history, loss trends, and actuarial data to determine appropriate limits and pricing.
- Perform detailed underwriting research and ensure compliance with regulatory and company guidelines.
- Market Analysis and Strategy:
- Stay up-to-date with the latest market trends, including competitor pricing, industry risks, and emerging liability exposures.
- Work with senior management to identify growth opportunities and strategically target potential new business.
- Collaboration and Communication:
- Collaborate with other underwriting teams, claims, and actuarial departments to ensure cohesive management of client accounts.
- Communicate clearly and effectively with brokers, clients, and internal teams to deliver underwriting decisions.
- Provide guidance and mentorship to junior underwriters and support staff.
- Business Development:
- Drive business development by proactively seeking new opportunities, building relationships, and attending industry conferences and networking events.
- Represent the firm in client meetings, presentations, and discussions regarding underwriting decisions and terms.
- Compliance and Documentation:
- Maintain accurate records of underwriting decisions, documentation, and correspondence in accordance with company policy and regulatory requirements.
- Ensure compliance with all applicable insurance laws and internal policies.
Qualifications:
- Education:
- Bachelor's degree in Risk Management, Business, Finance, or a related field (preferred).
- Professional underwriting designations (e.g., CPCU, ARe) or willingness to pursue such certifications are a plus.
- Experience:
- A minimum of 5-7 years of experience in underwriting Excess Casualty, preferably in an E&S environment or a reinsurance firm.
- Strong knowledge of Excess Casualty lines, risk management, and underwriting principles.
- Proven experience in managing new and renewal business, as well as negotiating complex risk placements.
- Skills & Abilities:
- Exceptional analytical skills with the ability to evaluate complex risks and make sound underwriting decisions.
- Strong relationship-building and communication skills to effectively engage with brokers and clients.
- Excellent negotiation skills and the ability to thrive in a dynamic, fast-paced environment.
- Proficiency in underwriting software and Microsoft Office Suite.
