Underwriter, Commercial Insurance Specialty

JOB DESCRIPTION

Chubb Commercial Insurance is looking for a motivated, results oriented applicant to fill the position of Core Commercial Property and Casualty Production Underwriter supporting the Chicago Branch.

Commercial Insurance writes companies with revenues up to $1B, including both guaranteed cost and loss sensitive program structures.

This position will be charged with growing and underwriting a book of business that consists mainly of Manufacturing, Wholesale Distribution, Professional Services, Food, Other/Business Services, Real Estate, and Cultural Institution Middle Market business.

The position will also consist of marketing all Chubb's products to their assigned agency/broker plan to bring in opportunities and profitably grow the Commercial Insurance book of business.

The position will work closely with all Commercial Insurance resources both local, Territory Underwriting Manager, Industry Practice/LOB leaders, and Home Office Personal.

Role Responsibilities

The Production Underwriter will:


* Establish and develop relationships with key distribution partners to drive submission activity in our desired industry segments.


* Responsible for profit, growth, and retention of assigned book.


* Meet or exceed new business production goal of $1.0m-$1.5m while maintaining profitability across assigned portfolio and adhering to authority and underwriting strategies.

Includes knowledge and achievement of desired pre-bind metrics (Submissions, Quote Ratio, Hit Ratio, Efficiency Ratio) to facilitate profitable growth and achieve production goals.


* Strong Focus on developing a prospect pipeline 5x new business production goal with assigned distribution partners using advanced company prospecting tools and strong marketplace visibility of 12+ external visits per month.


* In conjunction with Underwriter Associate, meet or exceed rate, exposure, and retention goals to achieve desired profitability on renewal book by retaining key assigned branch accounts and leading coordination of Loss Control, Claims and other value-added service plans for service level accounts.

Includes developing client relationships.


* Develop understanding of products and engage with other Chubb Business Units to aggressively cross-sell all Chubb Products and Solutions through agent/broker's and existing client relationships.

Includes but is not limited to, Multi-National, Environmental, Ocean Cargo, Financial Lines, Product-Recall, E&O, A&H, etc.


* Develop and maintain internal relationships with local branch, Territory Underwriting Manager, Line of business/Industry Practice Leaders and Home Office personal.

ABOUT US

Chubb is a world leader in insurance.

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 ...