Location Name IL, Chicago - 550 W Jackson Blvd - 5th Floor

ID

2024-10811

Date Posted

2 days ago(7/25/2024 10:42 AM)

Company

Berkley Custom Insurance Managers

Primary Location

US-IL-Chicago

Category

Underwriting

From middle market to Fortune 500 companies, Berkley Custom’s team is committed to providing excellent service and a consistent approach to meet the needs of their brokers and their customers, bringing specific expertise in excess casualty as well as a variety of targeted primary and excess programs.

They seek to outperform competitors with focus and deep understanding of their client’s priorities and by developing creative risk solutions to meet their long-term needs. Their key differentiators include the following:

EXCLUSIVE PARTNERSHIPS – Berkley Custom works exclusively the wholesale brokerage community as well as their program partners, and continually builds upon long established relationships with a passion for superior service for their appointed producers.

INDUSTRY PROFESSIONALS – Berkley Custom attracts and retains professionals with significant experience in their field, many with over 25 years in the business. Their culture values and promotes deep industry knowledge, integrity, excellence, and respect.

LONG-TERM APPROACH TO ACCOUNTS – Berkley Custom continually seeks partners for the long term who share their values and risk management discipline.

Long-term relationships have been their management’s trademark in over 30 years of serving customers in the E&S and Program marketplace. Their team is dedicated to serving the varied casualty exposure needs of their brokers and their customers. By truly understanding risk exposures in a constantly changing global environment, they can better work with you to keep risk placement recommendations current and responsive.

The Company is an equal opportunity employer.

The Vice President, Underwriting is a production-oriented underwriting position responsible for all aspects of growing and managing a profitable book of excess casualty business. Success comes from a dedication to the underwriting trade and a long-term approach to every aspect of the business, including relationship and risk management discipline. Key functions include but are not limited to:

• Manage and grow a high-quality excess casualty insurance portfolio working through your network of wholesale broker partners.
• Position requires the ability to leverage your network of industry relationships and grow portfolio utilizing Berkley Custom’s proprietary playbook and broad underwriting appetite.
• Ensures the achievement of continued improved profitability, growth and/or operational efficiencies for the portfolio through assessment of risk tolerance, market appetite and emerging risk issues.
• Determines the acceptability, quality and profitability of new and existing business based on company underwriting guidelines and objectives.
• Develop insurance proposals, prepare policies and endorsements, obtain required underwriting approvals where needed.
• Travel to conduct broker marketing meetings and attend industry events as determined by management.
• Contribute to the firmwide development of underwriting operations, marketing plans, product analysis, services, geographic focus and broker intelligence.
• Effectively communicate and collaborate with other leaders with Berkley Custom to broaden knowledge of trends, opportunities, and technical knowledge of pricing.

• Bachelor's degree (B. A.) from a four-year college or university; or 5-7 years related experience and/or training; or equivalent combination of education and experience.
• Must be a successful, production oriented, excess casualty underwriting executive with strong go-to relationships within the wholesale brokerage channel.
• Demonstrated success within a matrix reporting environment: the ability to lead and influence across the organization by virtue of your ability to produce high quality business.
• Strong technical knowledge of excess casualty underwriting theories and practices, broad understanding of the specialty insurance market and operations (Risk Control, Actuarial, Claim, Finance and Compliance).
• Established network of wholesale brokers ready to work with you and find creative solutions.
• Strong independent initiative and drive for high quality results.
• Ability and desire to effectively interact and communicate with all levels of external and/or internal business partners – this will be a highly visible role.
• Demonstrated success building consensus and influencing business partners.
• Strong natural presentation, leadership, and project management skills.
• Unwavering demonstration of integrity, respect and professionalism.
• Ability to drive results by identifying and resolving issues, as well as developing and executing strategies for taking advantage of opportunities.
• Well-defined analytical skills and data analysis ability.

We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship not Offered for this Role

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.

Share on your newsfeed

Not ready to apply? Connect with us for general consideration.