Senior Underwriter - Personal Risk Services Custom Solutions at Chubb in Whitehouse Station, New Jersey

Job Description:

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, 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. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. 

 

As a Custom Solutions Underwriting Specialist, you are accountable for working with Premier Underwriters to find solutions (admitted or non-admitted) for exposures that do not fit into a standard Personal Lines program.  This includes evaluating requests for bespoke solutions with customized language and incidental commercial policies for our Premier accounts.  We also provide solutions for certain international policies along with acting as a resource and contact for commercial exposures as a part of our Expanded Capabilities approach. 

Key Responsibilities:

 

• Underwriting and Account Analysis of Surplus lines policies used for personal lines clients.  Reviewing  business, including the evaluation and acceptance/declination of new, endorsement, renewal business transactions consistent with PRS strategies, surplus lines and commercial requirements as appropriate, and following prescribed underwriting guidelines within the scope of assigned underwriting authority


• Service, including adherence to departmental service procedures and workflows, as well as responsiveness to our customers’ needs, in a way that further differentiates and enhances the Chubb brand


• Strong understanding of contract and ability to work with Product and GC to create bespoke products or manuscripts


• Successful agency management including: working with referral underwriters and BDMs to coordinate account responses, filtering new business and reinforcing how to work with Custom Solutions.  This will include monitoring trends and communicating to the underwriting team regularly.


• Leverage technical expertise in the underwriting and pricing of all CCS products


• Analyze customer information and make specific recommendations for additional coverage and services


• Obtain quotes and assist producers with coverage options for exposures written outside of Masterpiece

Competencies:

 

• Strong understanding of PRS personal lines (and surplus) pricing strategies, products and services


• Strong understanding of definitions, coverage and exclusions of an insurance contract


• Strong analytical skills to be able to create contract and underwriting solutions for complex risks.


• Strong collaboration and negotiation skills


• Creative problem solving skills


• Strong technical underwriting skills


• Strong written and verbal communications skills


• Strong history of results and customer service orientation


• Ability to multi-task and independently prioritize competing priorities within given time constraints


• Ability to create strong Producer, Home Office Underwriting, Marketing, Territory and Branch Manager relationships

Education and Experience:

 

• Bachelor’s degree or equivalent experience


• Minimum of 3 years of underwriting experience


• Solid knowledge of personal lines underwriting and insurance industry theories and practices.


• Knowledge of Surplus lines is helpful

Chubb strives to offer a diverse and inclusive and rewarding work environment.  Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills.  We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.

 

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it.  Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.