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Underwriter in New York, NY at Chubb Group of Insurance Companies

Date Posted: 7/4/2018

Job Snapshot

  • Employee Type:
  • Location:
    1133 6th Avenue
    New York, NY
  • Job Type:
  • Experience:
    3 to 5 years
  • Date Posted:

Job Description

 Excess & Umbrella Underwriter - NYC

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Chubb is currently looking for an Excess & Umbrella Underwriter to join its North America Commercial Insurance practice in New York City. 
Position Description
The underwriter has responsibility to manage a renewal book of roughly $5M and generate new business of approximately $1M annually.  The position will be responsible for driving profitable growth with New York City agents and brokers.  This underwriter will handle umbrella and excess lines of coverage with a focus on middle market customers.  Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. Collaborating with underwriters, operations, claims, marketing, and home office management is necessary. Must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.
Knowledge, Skills, and Abilities Required
Candidate will have experience in excess & umbrella business. Strong sales and marketing skills are critical; with candidate being able to position accounts and close deals. The candidate must be able to demonstrate success in marketing, producer management, new business development, and the ability to successfully negotiate on all levels with both internal and external partners. Teamwork, communication, and negotiation skills required. Candidate will need a solid background in risk analysis. Candidate must possess a high degree of proficiency with the underwriting process and partner effectively with an Underwriting Associate. Candidate must have exemplary ability to effectively interact at all levels.  Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies expected. Candidate must have the ability to be creative and adaptable in a changing business environment.  
Desired Qualifications
- Knowledge of insurance industry
- Knowledge of underwriting concepts, practices, and procedures
- Microsoft Word, Excel, and Outlook
- Internet usage
- Oral and written communication skills
-  Negotiation skills
-  Marketing skills
-  Basic leadership skills.
Minimum Requirements
- 3 - 5 years underwriting experience
- Bachelor’s degree
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.