VP, Underwriting, North American Property Division at Allied World in San Francisco, California

Job Description:

Allied World is recruiting for a Vice President for our North American Property Underwriting Division who will be responsible for production, underwriting and profitability of a $522.5 million West Coast regional domestic E&S general Property portfolio offering capacity on both primary and/or excess layer participations. As the manager of a two-person underwriting team, position is expected handle approximately 60% of the production and underwriting for the portfolio. Must possess a clear ability and comprehension on the fundamentals of property damage and business interruption coverages including primary and excess of loss pricing and reinsurance techniques. Expectation is to manage the total business environment related to the production, development, underwriting, expense control and profitability of the individual accounts handled via the implementation of company underwriting discipline/guidelines, marketing plans and servicing standards for existing and potential clients. Responsible for interfacing with all modeling, actuarial, service administration, management and claims staff as necessary to conduct the West Coast property business of AWAC in a professional manner.

• Duties and Responsibilities:


• Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.


• Price and analyze coverage, structure and exposures on individual risks.


• Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.


• Authorize quotes/binders/invoices as appropriate.


• Attend client/broker meetings, lunches, dinners and other company outings as applicable.


• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.


• Expand existing portfolio of business by developing existing and new broker/wholesaler relationships.


• Complete Cat Modeling requirements for rate development in PROFIT rating tool prior to quotation.


• Review and monitor monthly accumulation reports from catastrophe department Amend cat limits offered and sold to ensure AWAC San Francisco office stays within the pre-determined aggregate for limits sold in critical catastrophe zones as defined internally. Use RMS output, AAL results, and PROFIT rating tool to ensure sufficient premium is generated on catastrophe exposure to satisfy minimum corporate premium metrics.


• Coordinate production underwriting activity with the San Francisco and Los Angeles Branch Manager, BDM and the Sr. property underwriter regarding traveling/marketing and target production plans.


• Liaise closely with Account Coordinators and AWAC modeling team to ensure information is input correctly into in-house systems in an accurate and timely manner.


• Conduct individual account underwriting audits as needed.


• Perform quarterly review with Property SVP of the West Coast property portfolio against original budgeted projections.


• Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.

• Undergraduate, Insurance or advanced degree preferred.


• At least 10 years property underwriting experience.


• Significant experience with USA Primary Property E&S market


• Established relationships with major wholesale and retail producers.


• Strong negotiation skills.


• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).


• Excellent communication (both written and verbal) skills.


• Competence with Catastrophe modeling technology, specifically RMS or AIR.


• Ability to plan strategically and prioritize workload to meet production and management objectives

About Fairfax

Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

About Allied World

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial.  Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world

Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance.  Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer.  All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status.  Please visit www.awac.com for further information on Allied World.