Underwriting Associate role assisting AIG in managing insurance solutions. Support daily operations across multiple profit centres in Melbourne and Sydney.
CI
Hybrid VP Underwriting – Lawyers E&O
Posted 2 months ago
About the role
- VP Underwriting responsible for overseeing Lawyers E&O submissions and underwriting at Core Specialty Insurance. Ensuring proper risk assessment and profitability in professional liability market.
Responsibilities
- Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business
- Determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk
- Execution of Lawyers E&O business plans and objectives including building Core Specialty’s reputation and presence in the professional liability market
- Provide prompt and accurate customer service on policy transactions
- Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
- Provide documented evidence of underwriting activities and decisions in files as required
- Support Company and Department goals and objectives
- Build Core Specialty’s relationships with our broker partners
- Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.
Requirements
- 10+ years in the E&O marketplace with a focus on Lawyers E&O business
- Experience with APL (Accountants) E&O Underwriting preferred
- Strong Proficiency with Microsoft Office products (Excel, Word, PowerPoint)
- Strong knowledge of E&O underwriting industry including strong experience with Lawyers E&O business
- Knowledge of E&O underwriting practices, coverage & pricing/rating methodologies with the ability to manuscript policy language
- Strong knowledge of producer & competitor marketplace
- Strong knowledge of targeted industries
- Strong knowledge of insurance company operations
- Solid understanding of policy wordings and clauses
- Up-to-date knowledge of the insurance market environment
- Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
Benefits
- medical, dental, vision, and life insurances
- short and long-term disability
- a Company-match of 100% of a 6% contribution 401(k) plan
- an Employee Assistance Plan
- Health Savings Account
- Flexible Spending Account
- Health Reimbursement Account
- wellness program
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
No Education Requirement
Location requirements
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