Chief Underwriting Officer

Chief Underwriting Officer

Property & Casualty Insurance Industry

Description:

COMMERCIAL AUTO and LIABILITY underwriting LEADER required due to EXPANSION!!! This position entails the responsibility for crafting and implementing the underwriting strategy, managing the selection of risks and pricing, and ensuring the organization retains a robust and profitable portfolio. Direct the overarching underwriting strategy and vision of the company. Supervise underwriting guidelines, policies, procedures, and standards for risk selection. Assess and authorize new business and renewals based on factors such as risk, exposure, pricing, and profitability. Establish suitable underwriting standards and confirm their consistent application throughout the portfolio. Oversee the overall portfolio performance, including loss trends and profitability. Set and evaluate pricing, limits, deductibles, and terms and conditions. Recognize emerging risks and provide recommendations to senior leadership. Collaborate closely with claims, actuarial, finance, risk management, and executive teams. Analyze loss ratios and underwriting outcomes, implementing necessary adjustments.

Requirements:

Over ten years of experience in commercial property & casualty insurance underwriting is required. Extensive experience dealing with complex or specialty risks is essential. A background in underwriting management or senior leadership roles is necessary. A strong grasp of insurance principles, risk selection, pricing, and portfolio management is expected. Experience in developing or overseeing underwriting guidelines and strategies is required. Strong analytical and financial abilities, along with the capacity to assess risk and profitability, are essential. The capability to collaborate effectively with executive leadership, brokers, claims, actuarial, and other internal teams is required. A bachelor's degree in Business, Risk Management, Insurance, Finance, or a related discipline is preferred. A professional insurance designation, such as CPCU, is advantageous.