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Underwriting Careers at Industry Leaders

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Underwriting Specialist, General Liability

Ascot Group

Ascot Group

Hartford, CT, USA
Posted on Saturday, June 29, 2024
Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview

Reporting to the Executive Vice President, Portfolio Solutions, The Underwriting Specialist, General Liability, plays a pivotal role in assessing and managing risk for Ascot’s Portfolio Solutions division. The successful candidate will have extensive General Liability & Auto experience. This underwriting division of Ascot US Insurance focuses on establishing relationships with Program Managers, Group Captives, Insurtech’s and other aggregators and offers a variety of solutions to these customers including risk assumption, fronting and other related services.

Responsibilities

  • Oversee the filings and Ratings update to ensure policies are correctly loaded in Ascot Systems
  • Oversee General Liability referrals both from Captive / Alternative risk as well as MGA delegated Underwriting referrals from various internal risk staff.
  • Expand portfolio of business by enhancing the General Liability and Automobile Coverage capabilities based on new developments in the market.
  • Help provide superior production and service to brokers and clients by liaising directly with individual Captive consultants and Program Managers to create visibility through consistent efficient engagement with trading partners, particularly on form changes and referrals.
  • Stay current on competition, underwriting environment, and market conditions and ensure that our coverage forms, rating plans and overall offerings remain in line with the market and current regulations.
  • Participate in and help drive the underwriting guideline drafting process in co-ordination with the CUO.

Minimum Requirements

  • A minimum of 7 years relevant casualty underwriting experience.
  • Prior experience with Workers’ Compensation, (Ideal) General Liability (essential) (and umbrella) and Commercial Auto (ideal).
  • Advanced knowledge of underwriting rating concepts, practices, forms and procedures.
  • In-depth technical knowledge of General Liability and Automobile insurance coverage and pricing across a variety of classes.
  • Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
  • Strong organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously.
  • Excellent Communication skills, in liaising with various internal and external partners.
  • Some experience integrating forms/states requirements in underwriting systems.
  • This position may be filled at a different level, depending on experience***

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include an annual cash bonus, long-term incentives, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $140,000 - $175,000

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)

Retirement Benefits: Contributory Savings Plan (401k)