Underwriter – CI Multinational 

Description

 

Chubb, the U.S.-based retail operating division of the Chubb Limited, offers more than 170 sophisticated property, casualty, risk-management, and accident and health products and services through retail brokers. 

 

Chubb is the world's leading global commercial property and casualty insurance and reinsurance organizations, with more than 19,000 employees worldwide and offices in more than 50 countries. 

 

Chubb serves the property and casualty insurance needs of businesses of all sizes in a broad range of industries. We also provide specialized insurance products—such as personal accident, supplemental health and life insurance—to individuals in select countries. Our reinsurance operations include both property and casualty and life companies.

 

Details of this critical opening follow:

Business Development & Broker Management – Utilize and develop personal and business relationships with P&C brokers and producers to produce new account opportunities for the Commercial Insurance Multinational division of Chubb.  Territory Management – Execute on the sales and marketing plan for assigned territory, ensuring that monthly broker calls are scheduled and administered in an effective fashion in order to drive new business and retain existing accounts Quote to Win – Review new business submissions to understand the nature of the international exposures. Be knowledgeable about the incumbent’s current offering as well as the offering of other markets. – utilize this analysis to produce and deliver winning quotes Service Brokers and Clients to Grow – Work with brokers and clients to understand and respond to evolving client needs driven by international market expansion and acquisition or through changes in geographic footprint and program structure Understand and Manage Risk – Embrace the challenge of producing and underwriting profitable new business opportunities. Nature of operations, deal structure, quality of information, an understanding of US and local country requirements, and Chubb’s  industry-leading multinational capabilities are all key to putting the right business on the books and growing profitably over time.

Major Duties and Responsibilities

Duties may include but are not limited to:

Solicits new and renewal submissions from brokers Determines terms and conditions and complex rating plans Binds coverage Documents the underwriting files Handles more complex files and portfolios within underwriting authority

 

Minimum Requirements

Knowledge of insurance industry Knowledge of underwriting concepts, practices, and procedures Bachelors’ degree  1-3 years of Underwriting experience  

 

Desired Qualifications

Knowledge of Controlled Master Programs and international casualty underwriting principles highly desirable We are looking for extraverts that enjoy marketing and selling themselves and a great product to customers We are looking for competitive people who want to win Sales experience preferred but not required Outstanding Interpersonal Skills. Ability to establish trust and effective working relationships with team, field marketing and customer Superior communication (oral and written), interpersonal and negotiating skills Great technology skills (Microsoft Word, Excel, Outlook) and internet marketing skills are a plus

Qualified candidates must possess a strong understanding of Property and Casualty insurance concepts and products as evidenced by successful experience in the Property and Casualty insurance area, analytical ability to be capable of judging the feasibility of underwriting risks within assigned areas, ability to function in a department which develops several million dollars in premium annually through handling a large volume of small premium accounts, and ability to meet or succeed transaction time standards set by the team manager by adhering to sound time management practices.   International insurance experience is preferred.