Acadia Insurance (a Berkley Company) · 1 day ago
Broker Specialist
IL, Chicago - 550 W Jackson Blvd - 5th Floor
Full-time
Onsite
Mid, Senior Level
$90K/yr - $120K/yr
3+ years expAcadia Insurance, a Berkley Company, operates through Vela Insurance Services, providing specialized insurance solutions. The Broker Specialist is responsible for underwriting new business and managing relationships with wholesale brokers, aiming to drive production and support renewal retention efforts.
Commercial InsuranceInsurance
No H1B
Responsibilities
Serve as the lead underwriter for new business opportunities within an assigned market segment
Develop and execute broker engagement strategies to build long-term, productive relationships
Act as the primary point of contact for assigned brokers, providing responsive service and strategic guidance
Collaborate with internal underwriting and support teams to deliver timely and competitive quotes
Negotiate terms and pricing with brokers to secure profitable business
Maintain a pipeline of new business opportunities and meet or exceed production goals
Support renewal retention efforts for assigned broker’s accounts
Use technology (AI) to maintain efficiency
Maintain productivity standards/metrics, rate adequacy (deviation from benchmark)
Monitor rate adequacy and contribute to portfolio management strategies
Provide input on underwriting guidelines and product enhancements based on new business trends
Maintain accurate records and documentation in underwriting systems
Monitor market trends and broker feedback to inform underwriting strategy and product development
Represent the company at industry events, broker meetings, and conferences
Regular travel to conduct in-person sales/ marketing visits with assigned brokers
Qualification
Required
Minimum 3–5 years of experience in E&S underwriting or broker-facing insurance sales
Proven track record of new business production and relationship management
Strong negotiation and communication skills
Deep understanding of E&S market dynamics and broker distribution channels
Ability to work independently and collaboratively in a fast-paced environment
Proficiency in underwriting systems and Microsoft Office Suite
Preferred
Bachelor's degree in Business, Insurance, Risk Management, or related field preferred
Benefits
Health
Dental
Vision
Life
Disability
Wellness
Paid Time Off
401(k)
Profit-Sharing plans
Company
Acadia Insurance (a Berkley Company)
Acadia Insurance specializes in commercial property casualty insurance. Our company began in 1992 insuring businesses in Maine.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Simone Grimes, CPA, MBA
Chief Financial Officer
Steve Rich, CPCU
Senior Vice President & Chief Claims Officer
Recent News
2024-03-06
Coverager - Insurance news and insights
2022-06-28
Company data provided by crunchbase