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Underwriter

Chubb Ltd

  • Chicago, IL
  • 15 days ago
  • $82,000–$118,000 Per Year

Highlights

The Underwriter establishes and maintains productive relationships with brokers and internal business partners to support the continued flow of new business opportunities and the retention of existing accounts. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Numbers & Facts

LocationChicago, IL
IndustryInsurance
Salary$82,000–$118,000 Per Year
Company Size500 to 999 employees
Year Founded1792
Websitehttps://www.chubb.com/

Description

Contribute to the achievement of the Excess Casualty National Accounts segment business plan. The Underwriter is responsible for the production, underwriting, and maintenance of new and renewal umbrella and excess casualty accounts within an assigned territory.

The Underwriter establishes and maintains productive relationships with brokers and internal business partners to support the continued flow of new business opportunities and the retention of existing accounts.

Primary responsibilities include:

  • Solicit and evaluate new and renewal submissions from brokers.
  • Analyze casualty exposures, loss experience, financial information, and risk controls.
  • Select, price, and structure risks in accordance with established underwriting strategies and authority.
  • Determine appropriate coverage terms and conditions.
  • Prepare quotes and document underwriting decisions.
  • Manage assigned accounts and portfolios within underwriting authority.
  • Develop and maintain strong broker relationships.
  • Participate in broker and client meetings.
  • Negotiate effectively while balancing customer needs with underwriting profitability.
  • Adhere to Chubb standards for pricing, documentation, and account servicing.
  • Support the National Accounts and Excess Casualty business plans through effective portfolio management and collaboration.

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

  • Knowledge of the commercial insurance industry and casualty underwriting concepts, practices, and procedures.
  • Ability to identify and evaluate risk exposures, hazards, controls, and loss trends.
  • Ability to analyze claims information and quantify loss exposure.
  • Understanding of financial statements and financial ratios used in risk analysis.
  • Understanding of actuarial concepts, including loss development, loss trends, and ratemaking.
  • Strong analytical, decision-making, negotiation, and marketing skills.
  • Effective written and verbal communication skills.
  • Ability to build productive relationships with brokers, clients, and internal business partners.
  • Ability to organize, prioritize, and manage work with limited direction.
  • Ability to perform effectively in a fast-paced, deadline-driven environment.
  • Proficiency with Microsoft Word, Excel, Outlook, and applicable underwriting systems.

The pay range for the role is $82,000 - $118,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

About Company

Chubb is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the U.S.

With operations in 54 countries and territories, we are a major personal lines writer, as well as a leading middle market, small commercial and large industrial commercial insurer, providing a wide range of traditional and specialty coverages.

As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. And we combine the precision of craftsmanship with deep experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families and to businesses of all sizes.

Our products and services are distributed through brokers, independent agents, exclusive agents and various forms of direct marketing.

What we deliver:

  • Extensive product and service offerings
  • Broad distribution capabilities
  • Service excellence
  • Risk expertise
  • Underwriting discipline
  • Exceptional financial strength
  • Local operations globally

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