SVP - Property Underwriting

4 days ago

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The Baldwin Group

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Commercial Risk Management • Private Risk Management • Personal Insurance • Employee Benefits • Asset and Income Protection

1001 - 5000

Description

• Lead and manage a team of underwriters, fostering a culture of excellence, collaboration, and continuous improvement. • Drive production growth by building strong relationships with agency partners and leveraging market insights to capitalize on new business opportunities. • Monitor the performance of the insurance portfolio, taking proactive corrective action to maintain a balanced spread of risk and ensure profitability. • Participate in reinsurance marketing efforts, partnering with brokers and reinsurers to develop optimal reinsurance structures that support the company’s strategy. • Lead the development and launch of new commercial insurance programs, working with business unit leader, product, marketing, and actuarial teams to bring solutions to market. • Partner with the technology team to manage the implementation of underwriting and risk assessment tools in an agile environment, ensuring seamless integration and adoption by the underwriting team. • Provide subject matter expertise on policy language, rating, and underwriting guidelines, ensuring adherence to industry standards and regulatory requirements. • Own reinsurance bordereau review and approval. • Collaborate with cross-functional teams, including claims, compliance, and actuarial departments, to ensure consistency and alignment in underwriting practices and risk management. • Stay informed on industry trends, regulatory changes, and market dynamics, providing strategic recommendations to senior leadership on business growth and risk management opportunities.

Requirements

• Bachelor's degree in Business, Finance, Insurance, or related field; MBA or CPCU designation preferred. • Minimum of 10-15 years of commercial underwriting experience, with at least 5 years in a senior leadership role. • Strong understanding of commercial insurance products, underwriting guidelines, policy language, and rating systems. • Proven track record in building and managing successful underwriting teams, with a focus on driving profitable growth. • Experience in reinsurance, including familiarity with reinsurance treaties, facultative placements, and negotiation with reinsurers. • Demonstrated ability to manage complex portfolios, monitor risk exposures, and implement corrective actions to optimize performance. • Excellent communication and relationship-building skills, with the ability to engage and influence internal and external stakeholders at all levels. • Strong strategic and analytical mindset, with a proactive approach to solving complex business challenges.