Vela Insurance Services (a Berkley Company) · 18 hours ago
Broker Specialist
Chicago, IL
Full-time
Hybrid
Mid, Senior Level
$90K/yr - $120K/yr
3+ years expVela Insurance Services, a Berkley Company, provides specialized insurance solutions in various market segments. The Broker Specialist is responsible for underwriting new business, managing broker relationships, and driving production while ensuring renewal retention.
Commercial InsuranceConsultingInsurance
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
Bachelor's degree in Business, Insurance, Risk Management, or related field preferred
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
Benefits
Health
Dental
Vision
Life
Disability
Wellness
Paid Time Off
401(k)
Profit-Sharing plans
Company
Vela Insurance Services (a Berkley Company)
Vela Insurance Services, a Berkley Company, is a leading insurance provider that specializes in excess and surplus lines business in Vela’s three market segments: Construction, Specialty Casualty, and Professional Liability.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Arthur Davis
Chairman, Vela Insurance Services
Shadi Albert
President
Recent News
2025-07-19
Company data provided by crunchbase