About the role
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Position Summary:
The Senior Underwriter is responsible for underwriting profitable new and renewal business targeting the P&C Private Equity industry segment. This includes taking ownership of large accounts and clients, overseeing negotiation of participation, pricing, and terms and conditions. The Senior Underwriter will develop and maintain strong relationships with both brokers and clients, and serve as a specialized technical expert or lead for at least one industry or product line, such as General Liability, Umbrella, Commercial Auto, Commercial Property, or Workers Compensation. This will be a hybrid role in Alpharetta, GA.
Responsibilities and Accountabilities:
Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
Underwrite new and renewal accounts to meet top and bottom line targets
Underwrite, maintain, and grow a profitable book of Property and Casualty business including Workers Compensation, General Liability, Automobile, and Umbrella/Excess placements within the Private Equity vertical.
Specialist / Technical Expert in Product Line within Middle Market Business
Ensure placing and binding of FAC Reinsurance prior to policy inception
Acquisition of new business and retention of existing business including client and broker negotiations
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
Required Skills and Abilities:
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards
Pricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation
Influencing Skills: Ability to persuade and motivate others to act, without executive authority
Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions
IT Skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word
Education and Experience:
A minimum of 3 to 5 years of Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred
Recognized established relationships with brokers at peer group level and within market
Specialized understanding of regional / local insurance markets and competitor landscape
Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred
Completion of professional insurance qualification (e.g. CPCU) is preferred
#LI-Hybrid
#LI-JG1
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
14400 Arch Insurance Group Inc.Aplyr's read
Arch Capital Group excels in providing specialized insurance and reinsurance solutions, attracting professionals with expertise in underwriting, claims, and actuarial sciences.
What's promising
- •Strong global presence enhances career growth opportunities in diverse markets.
- •Focus on specialized insurance products attracts niche industry experts.
- •Recent roles indicate investment in data-driven decision-making and innovation.
What to watch
- •Highly specialized roles may limit opportunities for generalists.
- •Operating in a competitive market with pressure on margins.
- •Bermuda-based location might pose relocation challenges for some candidates.
Why Arch Capital Group
- •Offers a blend of traditional and innovative insurance solutions.
- •Emphasis on cyber liability and professional liability reflects market trends.
- •Significant investment in data governance and reserving innovation.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Arch Capital Group
Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance, and mortgage insurance worldwide.
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