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SalaryLife Science P&C Underwriter
Chubb is currently seeking a highly motivated and outgoing business professional to join the organization in an Executive Life Science P&C Underwriter position in our Minneapolis, MN or Chicago, IL office.
This underwriter would be responsible for underwriting an assigned book of up to $7M-$9M in premium (10-15 customers) across our Life Science Property & Casualty portfolio. Our target lines of business are Property, GL, Products Liability, Errors and Omissions, Workers Comp, Auto, Property and Umbrella. This underwriter will be charged with directly underwriting and growing a book consisting of risks within the Life Science industry. The position be charged with aggressively marketing to their assigned agency/broker plant to bring in opportunities and will work closely with the respective Commercial Insurance Managers, Industry Segment Executive Field Underwriters and Home Office to position this portfolio within Commercial Insurance for growth and profit.
Travel to other territories will be required and establishing strong local relationships will be key to success in this role. This role would service up to four branch offices located in the Midwest Region.
RESPONSIBILITIES:
- Establish relationships with key trading partners and drive submission activity across assigned Agents & Brokers in our desired industry segments.
- Responsibility for profit, growth and retention of assigned book. This will consist of $7M-$9M in business (10-15 customers) over 2-4 branches.
- Meet or exceed new business production goals ($1.5M - $2M) while maintaining profitability across assigned portfolio and adhering to authority and strategies.
- In conjunction with Underwriter Associate, retain key assigned renewals and lead coordination of Loss Control & Claims Service plans for service level accounts.
- Maintain and develop relationships with the branch, our brokers and clients.
- Develop a prospect pipeline with our major trading partners, as well as engaging other business units for cross-selling opportunities.
QUALIFICATIONS:
- Bachelor’s degree
- 3-5 years 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 Workers Compensation, General Liability, Property and Auto Liability Insurance coverage, terms and conditions.
- Proficiency in Microsoft Office Suite
