Head of US Financial Lines

Description

Everest Insurance, the primary insurance division of Everest Group, Ltd., is seeking a Senior Vice President, and Head of US Financial Lines.

This division is focused on partnering with our brokers and insureds on delivering customized solutions for their financial lines related risk needs.

This individual will be a critical member of the North American leadership team. Ideally the candidate will be based in the Greater New York Metropolitan Area.

This leader will be an integral member of our team, supporting us on our journey to become the most admired insurance company in the world by transforming risk into opportunity.

The Head of Financial Lines division will oversee all products for Management and Professional Lines of business, which include :

Public Company Directors & Officers, Financial Institutions, Cyber Liability, Private Company / Not-for-Profit Directors & Officers Professional Liability

The candidate will be responsible for driving strategy and profitability, for the overall group, as well as hiring, development and retention of the staff.

Everest Group, Ltd. ( Everest ) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges.

Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.

Everest is in over 100 countries across 6 continents. We provide the world with protection, we underwrite more than risk, we underwrite opportunity.

Everest Group, Ltd. is listed on the New York Stock Exchange (NYSE : EG) and is a component of the S&P 500 index.

Our financial strength is evident in Financial Agency Ratings of

A+ by A.M. Best

A+ by S&P

A1 by Moody's

We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow.

We take pride in being known in the industry as nimble, entrepreneurial, and responsive.

Job Responsibilities :

Drive profitable growth in Everest’s Financial & Professional Lines

Leading, hiring, & developing talent across the U.S.

Developing and executing strategies across each business segment and portfolio

Developing and innovating new products and services for customers of all of sizes both public and private

Developing and managing broker and customer relationships

Key Accountabilities :

The North American Leadership team is comprised of individuals who are well-rounded across five key dimensions.

Underwriting and Portfolio Management

Distribution Strategy

Operational Excellence

Financial Analysis, and

Leadership Strength

Accountability for the strategic direction, oversight and performance of the Financial Lines Portfolio for the United States.

Responsible for successful execution of the plan; adjusting strategies and actions to meet the needs of a changing marketplace;

effectively preserve and enhance profitability through product development and enhancement; pricing discipline, competitive analysis and the development of business-enhancing performance metrics and controls.

To collaborate with the Corporate Underwriting Function to ensure best of class service capabilities are in place to support Everest Underwriting capabilities.

Work closely and collaborate with the global Underwriting and Risk leaders : overall strategy; portfolio and aggregate management;

underwriting appetite and guidelines and budget deliverables.

Works in close collaboration with and shares accountability with :

Claims & reserving to pick up on trends and explain any changes achieved or planned for the portfolio

Regional Distribution leadership to develop and execute marketing and distribution plans

Exposure management to ensure accuracy of data and within tolerances

Ceded re to ensure optimized reinsurance protection and cost

Counterparts around the world and the company to embed class strategy within the overall country strategy

Represent Everest at various broker & client industry conferences and events, utilize existing and develop new external trading relationships in conjunction with line-underwriters and collaborate with all other product divisions to deliver a One Everest client-centric approach.

Implementing underwriting guidelines and executing underwriting strategy.

Align, empower, and influence others through ideas and encouragement and insight.

Overall responsibility for the Property department P&L and delivery of P&L KPIs.

Primary point for all peer reviews for the department.

Business development and execution of yearly business and budget planning.

Provide insurance solutions & broader risk management support to clients most complex risks and challenges.

Developing a business and marketing plan, building brand and product awareness through broker market.

Expanding and enhancing the current product range to enhance Everest’s competitive position as a market leader in the sector.

To ensure that the underwriting governance and control frameworks are operating effectively and to apprise the CUO on a regular basis of all relevant underwriting management matters.

To undertake regular reviews of risks written in the portfolio to ensure adherence with risk appetite, internal procedures, and regulatory requirements, and to follow up on any actions and / or escalate any risk events as required.

Skills & Abilities

20+ years of demonstrable experience in progressive commercial underwriting in the US marketplace.

Extensive knowledge and experience in managing profitable portfolios.

Exceptional oral and written communication, with the ability to provide concise executive summaries to senior management.

Highly collaborative and able to work effectively across the organization as well as with external stakeholders.

Ability to adapt, drive, effect and embrace change, solutions driven.

Tenacity and decisiveness, with the courage to take risks.

Strong interpersonal skills and demonstrates respect for the opinions of others.

Proven experience in leading, managing and developing underwriting talent.

For NYC Only : The base salary range for this position is $300,000 - $400,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve.

We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.

Clickto learn more about our culture.

Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work : Talent.

Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.

Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function : Respect everyone.

Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

LI-Hybrid

LI-CA1

Type : Regular

Regular

Time Type : Full time

Full time

Primary Location : New York, NY

New York, NY

Additional Locations :