E&S Property Underwriter Senior - Territory Lead (Midwest)

Company
Munich Re America
Location
Chicago , United States

E&S Property Underwriter Senior – Territory Lead (Midwest)

The Company is open to considering candidates in Philadelphia, PA; Chicago, IL; and Amelia, OH.

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.

The Opportunity

As a member of our E&S team, you’ll be responsible for the production, underwriting and retention of profitable E&S business through the cultivation and maintenance of broker relationships.

Because we’re committed to finding the best talent, we are open to considering candidates with a range of experience. Compensation, level and accountabilities for the selected candidate will be commensurate with experience.

Munich Re Specialty Insurance / MRSI is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.

The products and services are to be delivered by and in the name of AAIC, PESLIC, BIC, Temple, and B&C.

Responsibilities:

Underwriter Responsibilities:

• Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines business that meets profitability and growth targets. Operate within granted authority and allocated catastrophe budgets and make referrals to underwriting leadership as appropriate.

• Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals. Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.

• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement

• Cultivate and maintain professional wholesale broker relationships.

• Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.

• Assistance in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.

• *Munich Re Specialty Insurance / MRSI is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.

Territory Lead Responsibilities:

• Responsible for monitoring and updating the E&S Property unit on the market and changes within your specified territory

• Create an inspiring team environment with an open communication culture

• Set clear territory goals and strategy, following our territory guidance from Management and CU

• Coordinate all broker marketing visits for the team, and represent the team in all BRL meetings

• Review underwriting account Referrals and conduct two audits per quarter for the territory Underwriters

• Delegate tasks and set deadlines appropriately based on each territory underwriter’s portfolio and broker assignments

• Monitor territory rate retention, production, and loss ratio performance and report on metrics

• Guide and motivate team members

• Development of each underwriter within your territory by evaluating training needs and provide coaching, while working with management and CU to provide next steps

• Listen to team members’ feedback and resolve any issues or conflicts with accounts or brokers; involve management when necessary

• Recognize high performers as well as problem areas and discuss with management

• Work with management during hiring of new territory underwriters

• Train and mentor new territory underwriters; work with management during onboarding

• Responsible for distributing information to team members

• Hold Territory meetings to ensure the group is in alignment regarding pricing and coverages

• Participate in the process of hiring new underwriters and in their training

Qualifications:

• Excellent underwriting, marketing and analytical skills that have been developed over 7+ years of insurance and/or reinsurance with production underwriting experience preferably at an E&S carrier for Property lines

• Advanced insurance certifications (e.g. CPCU) preferred

• Advanced working knowledge of Commercial P&C / E&S products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts and principles related to strategic planning, and other relevant industry trends

• Working knowledge of catastrophe models including RMS

• Successful track record of developing and maintaining strong relationships with wholesale brokers

• Tech savviness and a willingness to experiment with and learn new technologies

• Ability to think strategically and function tactically

• Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions

• Ability to present and negotiate complex agreements with brokers

• Effective time management and organizational skills

• Willingness to travel 20%-30%

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.