Verus Specialty Insurance (a Berkley Company) · 6 months ago
Senior Underwriter - Excess Casualty
Scottsdale, AZ
Full-time
Hybrid
Senior Level
5+ years expVerus Specialty Insurance, a member of the W.R. Berkley Corporation, is a leading provider of Excess and Surplus Lines solutions across the United States. The Senior Underwriter - Excess Casualty will independently manage a diverse portfolio of complex and high-risk excess casualty accounts, utilizing expertise to make informed decisions and drive company growth.
ConsultingFinancial ServicesInsurance
No H1B
Responsibilities
Risk Evaluation: Independently underwrite larger and more complex excess casualty risks, including general liability, product liability, auto liability and other specialty lines
Broker Relationships: Develop, manage, and strengthen relationships with wholesale brokers, ensuring a steady flow of business and staying ahead of market trends. Plan, orchestrate, and lead highly effective broker meetings to strengthen relationships, address performance issues, and explore new business opportunities
Broker Performance Management: Proactively identify and address broker performance issues, ensuring alignment with company standards and fostering strong broker relationships
Market Expertise: Stay informed on industry developments, regulatory changes, and emerging trends, leveraging this knowledge to enhance underwriting decisions and drive business growth
Underwriting Authority: Make autonomous decisions on risk acceptance, coverage terms, and pricing within your assigned level of authority
Production Metrics: Consistently meet or exceed designated line of business (LOB) production metrics, contributing to the overall success of the underwriting team
Technical Knowledge: Apply strong technical knowledge in underwriting, coverage, and pricing to manage complex risks and optimize profitability
Risk Selection & Pricing: Demonstrate a comprehensive understanding of pricing and risk selection criteria, ensuring underwriting decisions are both profitable and competitive
Travel: Conduct a minimum of 7 trips per year to visit brokers, build relationships, and represent Verus at industry events
Referral Management: Provide guidance and support to junior underwriters, handling referrals and ensuring consistent underwriting quality across the team
Strategic Contributions: Collaborate with senior leadership to identify and develop new product lines and market opportunities
Customer Focus: Deliver exceptional service to brokers and insureds, ensuring timely and clear communication throughout the underwriting process
Compliance: Ensure all underwriting activities comply with company guidelines, regulatory requirements, and industry best practices
Additional Responsibilities: Perform other duties as assigned, contributing to the overall success of the team and the company
Qualification
Required
Minimum of 5 years of relevant industry experience, with a strong focus on excess and surplus lines and complex risk underwriting
Deep understanding of the surplus lines marketplace, including peers, competitors, and market cycles
Bachelor's degree in insurance, business, finance, or a related field
Strong analytical and decision-making skills, with the ability to assess risk and profitability in complex scenarios
Excellent verbal and written communication skills, with the ability to articulate underwriting decisions and rationale to brokers and internal stakeholders
Preferred
Professional designations such as CPCU, RPLU, or ARM are highly desirable
Benefits
Competitive compensation plan
Robust benefits package
Company
Verus Specialty Insurance (a Berkley Company)
Verus Specialty Insurance is an underwriting management company targeting small to midsize commercial risks in the E&S and Specialty insurance markets through appointed wholesale brokers and agents.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Joni Holland
SVP, Operations & Chief Operating Officer
Company data provided by crunchbase