Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.
Chubb is a world leader in insurance. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Your Role The Casualty Underwriter is responsible for underwriting new and renewal Casualty accounts in accordance with Chubb guidelines. They also play a key role in developing business relationships with an assigned panel of Independent and Global brokers within their authority.
It therefore requires an ability to build and maintain relationships with a panel of brokers and tenacity and skill in pursuing target accounts. It also requires that the individual establishes and executes business plans to maximise opportunities with those brokers.
Your Responsibilities Achievement of the Personal premium budgetUnderwriting Within scope of delegated authority:Evaluates and accepts or declines new lines, renewals and endorsementsEvaluates and makes recommendation for acceptance or declination on risks which exceed authorityRecommends account trade off decisionsAssists manager in providing input on profit analysis, premium planning, market and environment analysis, etc.Responsible for underwriting results of assigned producers.Working within the Casualty department, on an assigned broker panelUnderwriting a Primary, Umbrella and Excess Liability portfolio in accordance with Chubb underwriting strategySelect new risks and underwrites renewals for assigned book of business and/or for designated speciality classes or market segmentsProducer RelationsUnderwriter is responsible for profit and premium growth of assigned producers. This would include producer account control and book composition and analysisVisits assigned producers to discuss risks, communicate Chubb's business appetites, and to produce new businessManages relationships with assigned producersResponsible for providing supervisor with input on premium planning variancePeople DevelopmentMay have responsibility for assisting in underwriting training and producer relationsLooks for solutions to unique underwriting situationsUnderstands pricing techniquesUnderstands account servicing costsHas a working knowledge of alternative risk transferUnderstands development of reserves by individual case and by book of businessHas a working knowledge of the key accounts in the BranchUnderstands the underwriting appetites of the other departments and how those relate to interdepartmental accountsUnderstands the broker selection and appointment processMakes recommendations for tailoring coverage and manuscripting policiesIs familiar with the products / services of key competitorsIs comfortable with a wide range of negotiation techniquesHas demonstrated ability to work well with people and influence decisions.Desirable: Has demonstrated ability to effectively train entry level underwriters and to orient new experienced hiresWe offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. We also offer a flexible working approach via our "My One Thing" initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.
Applications Open: 11/10/2024 Applications Close: 11/11/2024 Employment Type: Permanent
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