Senior Underwriter, Private Equity at Chubb in New York, New York

Job Description:

 Senior Underwriter – Private Equity -- Commercial P&C -- New York City

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.

Chubb is currently seeking a skilled Private Equity Executive Underwriter to join its Middle Market Commercial Insurance practice in New York City.   

Position Description:

The PE Executive Underwriter is responsible for a renewal book of $8.5M and generating new business through account rounds and cross-sells.  The position will be responsible for driving profitable growth with New York Region private equity brokers.  Products include Package, Property, General Liability, E&O, Auto, Worker’s Compensation, Umbrella/Excess and Foreign.  Programs are guaranteed cost and Loss Sensitive structures.  We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.

Salary and Salary Grade commensurate with individual candidate’s experience.

Knowledge, Skills, and Abilities Required:

• Candidate will have experience in P&C Private Equity backed opportunities.


• Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices.


• This position must collaborate with other underwriters, operations, claims, marketing, and home office management as necessary.  The underwriter must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations.


• Strong sales and marketing skills are critical; must be able to demonstrate successful agency and broker management, including building, maintaining and managing producer and customer relationships.


• Ability to identify opportunities for growth within new and existing production sources.
  
  Knowledge of marketing principles, pricing/rate strategies and how to apply them to attain underwriting profit.


• Candidate must possess a high degree of proficiency with the underwriting process, with a solid background in risk analysis.


• Candidate must have ability to effectively interact with all levels of customers and collaborate with a team of underwriters, claims and loss control personnel.


• Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies expected.


• Travel will be mostly local

Qualifications - External

 Qualifications:

• 6-8 years of underwriting  experience in professional services preferred

• Must have proven marketing and negotiation skills

• Strong communication, interpersonal and time management skills

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.

In New York City, NY the pay range for the role is $87,500 to $149,500. 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 at https://careers.chubb.com/global/en/north-america.  This range is specific to New York City, NY and may not be applicable to other locations.