Senior Underwriter, Marine

Ryan Specialty Group

  • Houston, Texas
  • 5 days ago

    Highlights

    This role evaluates new and renewal business, develops underwriting strategies, markets and negotiates placements with carriers on behalf of brokerage clients, manages broker and carrier relationships, and provides technical guidance to underwriting and brokerage staff. The Senior Underwriter exercises broad underwriting authority and sound judgment in risk selection, pricing, coverage design, and portfolio management - while also driving new business production through direct market relationships - to support the achievement of divisional growth and profitability objectives.

    Numbers & Facts

    LocationHouston, Texas

    Description

    Position Summary
    The Senior Underwriter is responsible for the profitable growth, underwriting, and brokerage/distribution management of a portfolio of complex commercial marine and specialty insurance accounts. This role evaluates new and renewal business, develops underwriting strategies, markets and negotiates placements with carriers on behalf of brokerage clients, manages broker and carrier relationships, and provides technical guidance to underwriting and brokerage staff. The Senior Underwriter exercises broad underwriting authority and sound judgment in risk selection, pricing, coverage design, and portfolio management - while also driving new business production through direct market relationships - to support the achievement of divisional growth and profitability objectives.

    What will your job entail?

    Essential Duties and Responsibilities

    Underwriting & Portfolio Management

    • Underwrite and manage a portfolio of new and renewal commercial marine and specialty insurance accounts within established underwriting authority.

    • Evaluate complex risks, including financial, operational, contractual, and loss exposure information to determine acceptability and pricing.

    • Analyze submissions, loss experience, exposure data, surveys, valuations, and other underwriting information to make informed underwriting decisions.

    • Develop coverage structures, pricing strategies, terms, conditions, and underwriting recommendations consistent with company guidelines and profitability objectives.

    • Monitor account profitability and portfolio performance, identifying trends and implementing corrective actions as needed.

    • Issue quotations, indications, binders, endorsements, and policy documentation while ensuring accuracy and compliance with underwriting guidelines.

    • Manage renewal strategies and proactively identify growth opportunities within existing accounts.

    • Review and approve underwriting documentation, referrals, and transactions within delegated authority levels.

    • Support facility management, bordereaux reporting, carrier reporting requirements, and portfolio analytics as applicable.

    Brokerage & Distribution

    • Market and negotiate placements, pricing, coverage, and terms directly with brokers, agents, carriers, and insureds to secure the best available outcome for the account.

    • Build and maintain strong relationships with producers, brokers, agents, carrier partners, and key clients to support new business production and retention.

    • Serve as the primary point of contact for agents and brokers on market appetite, submission strategy, and placement status across the portfolio.

    • Identify and cultivate carrier/market relationships to expand distribution options and improve terms available to brokerage clients.

    • Represent the company at industry events, conferences, broker meetings, and client functions to strengthen market presence and relationships.

    Leadership & Collaboration

    • Provide technical guidance, training, and mentorship to Underwriters, Underwriting Associates, and other team members across both underwriting and brokerage functions.

    • Collaborate with claims, compliance, operations, accounting, and distribution teams to ensure effective account management and service delivery.

    • Assist with the development and implementation of underwriting guidelines, procedures, and best practices.

    • Participate in strategic initiatives, product development, process improvements, and business planning activities.

    Qualifications

    • Bachelor's degree preferred or equivalent insurance industry experience.

    • Minimum of 5-8+ years of commercial underwriting, brokerage, or related insurance experience.

    • Demonstrated experience underwriting and/or brokering complex marine, transportation, energy, specialty, or commercial casualty risks.

    • Proven ability to manage broker and carrier relationships and independently drive profitable business growth through both underwriting authority and market negotiation.

    • Strong understanding of policy forms, coverage analysis, risk assessment, and underwriting principles.

    • Excellent negotiation, communication, and relationship management skills, with comfort operating on both the underwriting and distribution sides of a tran

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