Rolling Meadows, Illinois, USA
12 days ago
Head of Group Captive Underwriting
Introduction At Artex, we defy convention and reimagine the possibilities of risk management. Join a team of passionate visionaries, where creativity knows no bounds, and innovative thinking shapes the future. As part of our global family, you'll unlock your potential, turning challenges into opportunities, and creating an impact on a global scale. Dare to innovate, and together, we'll craft a legacy of transformation. We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply. Overview The Head of Group Captive Underwriting and report to the EVP, Sales, Advisory & Analytics with a primary objective to enhance production revenue while effectively managing the renewals of the existing portfolio. You will be responsible for shaping and driving the overall business strategy and appetite for Underwriting within our Group Captive portfolio. This role is fundamental to our ability to grow the business profitably and strategically. How you'll make an impact Work with the Artex Head of Sales to put in place production strategies and underwriting capabilities to increase sales within the overall Group Captive strategy. You will explore options within the Casualty space to enhance revenue along with creating opportunities for growth across other business lines. Lead and manage the new business underwriting team to help achieve business unit goals. Be responsible for the design and presentation of ongoing training seminars for the underwriting team and the sales/production team. Be responsible for the implementation, design and monitoring of Underwriting Strategy in accordance with Group policyholder risk appetite. This includes the limits, pricing analysis and policyholder selection. Oversee and be responsible for group captive renewals, working with Captive Directors to attain best terms for the captive client base. This will involve negotiating with insurance carriers on pricing, terms and conditions. Ensure appropriate pricing tools, systems and controls are in place and adhered to for the monitoring of product underwriting activities, including exposure, income, risk, and performance. Be responsible for the risk selection and setting of terms & conditions to ensure the achievement of price adequacy, and compliance with underwriting guidelines and procedures on complex referrals. Be principally responsible for insurance carrier management, articulating with fronting carriers and reinsurers the underwriting strategy of each group captive and serving to leverage relationships for client participation. Pro-active stakeholder engagement including attending Group Captive board meetings. Meet with clients, brokers and fronting insurance carriers as needed to reinforce Artex Group underwriting positions. Work collaboratively with Captive Boards’ to influence underwriting strategy and ensure that their views are incorporated into Casualty underwriting strategies. Engage with key stakeholders across the Gallagher / Artex Group to formulate future Casualty plans that are both ambitious but realistic. Be responsible for identifying new Group Captive opportunities and identifying underwriting whitespace opportunities for clients. Transfer expectations and knowledge to new business underwriting team and Artex Sales team regarding Senior Management perceptions of acceptable and attractive risk and to ensure ‘buy-in’ to Underwriting Strategy. Work collaboratively with these parties to ensure the execution of the Group Dominant Priorities. Conduct product business reviews, including review of loss and industry information to identify systemic issues; product area deep dives; and quarterly report on product strategy and performance. Contribute to and monitor portfolio management tools to track Group Captive business. Monitor areas of emerging Liability exposure in order to make adjustments as appropriate. Close involvement with the actuarial team to continuously improve pricing and return on capital tools and to ensure that loss ratios in Casualty Business Plans are both robust and appropriate. Be responsible for ensuring that our underwriting process is timely, efficient and harnesses technology to enhance the new business application process for brokers and team members. About You Required: Bachelor's degree and 7 years related experience required. Computer experience with a variety of applications including Excel, Word, and PowerPoint, as well as sufficient technological knowledge to facilitate decision-making regarding the direction of the automation systems. Able to drive and travel as needed. In-depth knowledge of the insurance brokerage business. Preferred: Extensive casualty related experience in a variety of markets (E&S, Admitted) In-depth knowledge of insurance underwriting practices and procedures, skilled in analysing qualitative and quantitative data and decision making capability. Proven track record of directing and optimizing portfolios whilst simultaneously improving underwriting results. Proven track record in new product development and building a profitable book of business. Must show innovation on researching and launching new initiatives and strategies. Ability to explain complex insurance and reinsurance concepts to both technical and non-technical audiences. Demonstrable ability to work effectively with a wide range of stakeholders across regions and the full spectrum of hierarchy. CPCU, ARe designations preferred; Willingness to travel. Behaviors: Excellent organizational skills; ability to manage and prioritize multiple tasks. Strong analytical skills. Able to effectively lead and direct staff. #LI-KB1 Compensation and benefits On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve: Medical/dental/vision plans, which start from day one! Life and accident insurance 401(K) and Roth options Tax-advantaged accounts (HSA, FSA) Educational expense reimbursement Paid parental leave Other benefits include: Digital mental health services (Talkspace) Flexible work hours (availability varies by office and job function) Training programs Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing Charitable matching gift program And more... We value inclusion and diversity Click Here to review our U.S. Eligibility Requirements Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest. Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
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