Senior Underwriter - Ocean/Cargo Marine

Cargo/Ocean Marine Underwriter

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

The Cargo/Ocean Marine Underwriter plays a critical role in evaluating, pricing, and managing risks associated with domestic and international cargo shipments. This position supports profitable growth of the marine portfolio by applying sound underwriting judgment, building strong broker relationships, and staying ahead of global trade and logistics trends.

Key Responsibilities

• Assess and underwrite cargo and ocean marine risks in accordance with company guidelines, authority levels, and profitability targets.
• Analyze submissions including vessel details, cargo type, routing, loss history, and insured operations.
• Determine appropriate pricing, terms, and conditions based on risk quality and market dynamics.
• Structure tailored insurance solutions for complex or specialized marine exposures.

• Manage a book of cargo/ocean marine business with a focus on sustainable profitability and disciplined growth.
• Monitor account performance, loss trends, and market conditions to adjust underwriting strategies.
• Collaborate with actuarial, claims, and risk engineering teams to refine underwriting approaches and improve results.

• Develop and maintain strong relationships with brokers, agents, and key clients.
• Provide responsive, knowledgeable service to distribution partners to support new business and renewals.
• Represent the company in market meetings, industry events, and client presentations.

• Ensure underwriting files are complete, accurate, and compliant with internal standards and regulatory requirements.
• Maintain clear documentation of underwriting rationale, pricing decisions, and coverage structures.

• Stay current on global trade patterns, supply chain issues, vessel safety standards, and marine insurance trends.
• Contribute to product development, appetite refinement, and strategic initiatives within the marine segment.

Qualifications

• Bachelor's degree in business, finance, risk management, or related field.
• Experience underwriting cargo, ocean marine, or related commercial P&C lines.
• Strong analytical skills with the ability to assess complex risks and make sound decisions.
• Excellent communication and negotiation abilities.
• Ability to build and maintain productive broker relationships.
• Proficiency with underwriting systems, rating tools, and Microsoft Office applications.
• Professional designations such as CPCU, AMIM, or ARM.
• Knowledge of international trade, logistics, and maritime operations.

Salary: The base pay range is $110,000.00 - 150,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans

Additional Benefit Programs

• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.