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
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