Underwriter

Arch Capital Group

  • Colchester, Essex
  • Permanent
  • Full-time
  • 1 month ago
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.Job DescriptionJob Title :Senior Underwriter P&C new businessLocation:Colchester BranchRole purposeWe are seeking an experienced individual who receives general business direction, markets, underwrites, and services risk insurance products with some complexity within assigned geographic and product areas.The individual utilizes underwriting authority and market skills to solicit new business and retain existing business. Manages interfaces and relationships with independent agents and brokers to enhance and maintain business opportunities. Responsible for the business results of assigned book of business.Key Responsibilities
  • Determines the desirability of accepting or rejecting business risks. Prices exposures in accordance with filed and approved rate levels, discretionary pricing mechanisms, and business unit guidelines.
  • Identifies the need, recommends and evaluates additional risk assessment information including inspection, financial reports and statements.
  • Coordinates individual risk underwriting actions with other departments to assure the highest level of customer satisfaction while meeting production and business goals.
  • Performs product development and marketing activities including identifying producer relationships within assigned market to optimize best solutions for distribution, identifies and suggests new and modified products, identifies producers for business/marketing programs, and analyses producers and market opportunities.
  • Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
  • Regularly interfaces with customers to provide service and to keep abreast of customer issues.
  • Sets ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
RoleSkills / Competencies
  • Planning and product development
  • Client relationship management
  • Technical and analytical skills
  • Regulatory & compliance awareness
  • Problem solving, negotiation & decision making
  • University degree and professional certification desired with 5-8 years
  • Working knowledge and understanding of ISO rating and rules.
  • Minimum 5 years relevant experience in an underwriting position in the Commercial Insurance Market.
  • Demonstrated competence in maintaining broker/client relationships.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our to share your preferences directly with Arch’s Talent Acquisition team.14101 Arch Europe Insurance Services Ltd

Arch Capital Group