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Senior Underwriter - E&O

Chicago, IL, United States

Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk.

Key Accountabilities:

Execution of Miscellaneous E&O business plans and objectives including:

Build 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

In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.

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.

Technical Knowledge:

Strong knowledge of Misc. E&O underwriting industry

Knowledge of Miscellaneous 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

Experience:

5+ years in the Miscellaneous E&O marketplace

Experience working with support services, including IT, claims, actuarial and operations

Strong Proficiency with Microsoft Office products (Excel, Word, PowerPoint)

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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. Core Specialty is an insurance holding company operating through StarStone Specialty Insurance Company, a U.S. excess and surplus lines insurer, and StarStone National Insurance Company, a U.S. admitted markets insurer. The Company is rated A- (Excellent) by AM Best. For further information about Core Specialty, please visit www.corespecialtyinsurance.com .

In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com .

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Senior Underwriter - E&O jobs in Chicago, IL, United States

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