Acadia Insurance (a Berkley Company) · 1 day ago
Senior Excess Casualty Underwriter
VA, Glen Allen - 4820 Lake Brook - Suite 200
Full-time
Hybrid
Senior Level
5+ years expVerus Specialty Insurance, a member of the W.R. Berkley Corporation, is a leading provider of Excess and Surplus Lines solutions across the United States. They are seeking a Senior Excess Casualty Underwriter to manage a diverse portfolio of complex excess casualty accounts, build broker relationships, and make informed underwriting decisions to drive profitability.
Commercial InsuranceInsurance
No H1B
Responsibilities
Independently underwrite larger and more complex excess casualty risks, including general liability, product liability, auto liability and other specialty lines
Develop, manage, and strengthen relationships with wholesale brokers, ensuring a steady flow of business and staying ahead of market trends. Plan, orchestrate, and lead highly effective broker meetings to strengthen relationships, address performance issues, and explore new business opportunities
Proactively identify and address broker performance issues, ensuring alignment with company standards and fostering strong broker relationships
Stay informed on industry developments, regulatory changes, and emerging trends, leveraging this knowledge to enhance underwriting decisions and drive business growth
Make autonomous decisions on risk acceptance, coverage terms, and pricing within your assigned level of authority
Consistently meet or exceed designated line of business (LOB) production metrics, contributing to the overall success of the underwriting team
Apply strong technical knowledge in underwriting, coverage, and pricing to manage complex risks and optimize profitability
Demonstrate a comprehensive understanding of pricing and risk selection criteria, ensuring underwriting decisions are both profitable and competitive
Conduct a minimum of 7 trips per year to visit brokers, build relationships, and represent Verus at industry events
Provide guidance and support to junior underwriters, handling referrals and ensuring consistent underwriting quality across the team
Collaborate with senior leadership to identify and develop new product lines and market opportunities
Deliver exceptional service to brokers and insureds, ensuring timely and clear communication throughout the underwriting process
Ensure all underwriting activities comply with company guidelines, regulatory requirements, and industry best practices
Perform other duties as assigned, contributing to the overall success of the team and the company
Qualification
Required
Minimum of 5 years of relevant industry experience, with a strong focus on excess and surplus lines and complex risk underwriting
Deep understanding of the surplus lines marketplace, including peers, competitors, and market cycles
Bachelor's degree in insurance, business, finance, or a related field
Strong analytical and decision-making skills, with the ability to assess risk and profitability in complex scenarios
Excellent verbal and written communication skills, with the ability to articulate underwriting decisions and rationale to brokers and internal stakeholders
Preferred
Professional designations such as CPCU, RPLU, or ARM are highly desirable
Benefits
Competitive compensation plan
Robust benefits package
Company
Acadia Insurance (a Berkley Company)
Acadia Insurance specializes in commercial property casualty insurance. Our company began in 1992 insuring businesses in Maine.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Simone Grimes, CPA, MBA
Chief Financial Officer
Steve Rich, CPCU
Senior Vice President & Chief Claims Officer
Recent News
2024-03-06
Coverager - Insurance news and insights
2022-06-28
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