Executive Underwriter, Equipment Breakdown

Chubb is currently seeking a highly motivated and outgoing business professional to join the organization in a Senior Equipment Breakdown Underwriter position in our Midwest Region.  

This underwriter would be responsible for underwriting an assigned book of $7M - $8M Equipment Breakdown business.  Our Midwest Equipment Breakdown book consists of manufacturing, healthcare, food, life sciences, real estate, manufacturing, wholesale distribution, municipality, etc. accounts.  Responsibilities include managing and servicing the assigned renewal portfolio along with quoting new business and managing agency relationships. The position will be charged with marketing to their assigned agency/broker plant to bring in opportunities and will work closely with the respective Commercial Insurance Managers and Underwriters, Industry Segment Territory Underwriting Managers and Home Office to position this portfolio within Commercial Insurance for growth and profit.  

Specific responsibilities include:

• Establishing and building upon agency relationships through regular travel and communication, exceptional service and industry knowledge & expertise
• P&L - Accountability (premium, profitability, growth, retention, and expense plans/results) for the assigned book
• Develop and negotiate price, coverage, terms and conditions on the renewal book including new business opportunities.
• Underwriting Strategy Execution – Manages the execution of CI Equipment Breakdown strategies and overall portfolio management of the assigned book of business.
• Analyzes and manages Equipment Breakdown risk exposures from middle market to large & complex.

Marketing to territories across our Midwest Region will be required and establishing strong local relationships will be key to success in this role. This role would service 5-6 branch offices located in the Midwest Region. 

ADDITIONAL RESPONSIBILITIES ALSO INCLUDE:

• Establish relationships with key trading partners and drive submission activity across assigned Agents & Brokers in our desired industry segments. 
• Responsibility for profit, growth and retention of assigned book.
• Meet or exceed new business production goals ($1M) while maintaining profitability across assigned portfolio and adhering to authority and strategies.
• In conjunction with Underwriter Associate, retain key assigned renewals and lead coordination of Loss Control & Claims Service plans for service level accounts. 
• Maintain and develop relationships with the branch, our brokers and clients.
• Develop a prospect pipeline with our major trading partners, as well as engaging other business units for cross-selling opportunities.

Qualifications

• Bachelor’s degree
• 3-5 years underwriting experience 
• Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers.
• Presentation and public speaking skills
• Strong negotiations skills
•  Knowledge and understanding of current insurance marketplace conditions
• Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
• Understanding of Workers Compensation, General Liability, Property and Auto Liability Insurance coverage, terms and conditions.
• Proficiency in Microsoft Office Suite

The pay range for the role is $100,000 to $165,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program.  Chubb offers a comprehensive benefits package, more details on which can be found on our careers website.  The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.