E&S Property Underwriter Senior - Territory Lead (Midwest)

The Opportunity

As a member of our E&S team, you’ll be responsible for the production, underwriting and retention of profitable E&S business through the cultivation and maintenance of broker relationships.

Because we’re committed to finding the best talent, we are open to considering candidates with a range of experience. Compensation, level and accountabilities for the selected candidate will be commensurate with experience.

Munich Re Specialty Insurance / MRSI is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.

The products and services are to be delivered by and in the name of AAIC, PESLIC, BIC, Temple, and B&C.

Responsibilities :

Underwriter Responsibilities :

Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines business that meets profitability and growth targets.

Operate within granted authority and allocated catastrophe budgets and make referrals to underwriting leadership as appropriate.

Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals.

Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.

Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement

Cultivate and maintain professional wholesale broker relationships.

Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.

Assistance in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.

Munich Re Specialty Insurance / MRSI is a description for the insurance business operations of affiliated insurers, producers, and related service providers of the Munich Re (Group) that share a common mission, management, operating platform, and vision to offer specialty property and casualty products and services in Canada and the United States.

Territory Lead Responsibilities :

Responsible for monitoring and updating the E&S Property unit on the market and changes within your specified territory

Create an inspiring team environment with an open communication culture

Set clear territory goals and strategy, following our territory guidance from Management and CU

Coordinate all broker marketing visits for the team, and represent the team in all BRL meetings

Review underwriting account Referrals and conduct two audits per quarter for the territory Underwriters

Delegate tasks and set deadlines appropriately based on each territory underwriter’s portfolio and broker assignments

Monitor territory rate retention, production, and loss ratio performance and report on metrics

Guide and motivate team members

Development of each underwriter within your territory by evaluating training needs and provide coaching, while working with management and CU to provide next steps

Listen to team members’ feedback and resolve any issues or conflicts with accounts or brokers; involve management when necessary

Recognize high performers as well as problem areas and discuss with management

Work with management during hiring of new territory underwriters

Train and mentor new territory underwriters; work with management during onboarding

Responsible for distributing information to team members

Hold Territory meetings to ensure the group is in alignment regarding pricing and coverages

Participate in the process of hiring new underwriters and in their training

Qualifications :

Excellent underwriting, marketing and analytical skills that have been developed over 7+ years of insurance and / or reinsurance with production underwriting experience preferably at an E&S carrier for Property lines

Advanced insurance certifications (e.g. CPCU) preferred

Advanced working knowledge of Commercial P&C / E&S products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts and principles related to strategic planning, and other relevant industry trends

Working knowledge of catastrophe models including RMS

Successful track record of developing and maintaining strong relationships with wholesale brokers

Tech savviness and a willingness to experiment with and learn new technologies

Ability to think strategically and function tactically

Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions

Ability to present and negotiate complex agreements with brokers

Effective time management and organizational skills

Willingness to travel 20%-30%