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
We are seeking a seasoned insurance professional to lead underwriting strategy and execution for a designated Line of Business (LoB). This role involves underwriting new and renewal accounts to meet financial targets, managing complex referrals, and collaborating with cross-functional teams including Market Management, Claims, and other product lines. The ideal candidate will have deep expertise in regional insurance markets, strong broker relationships, and a proven track record of underwriting profitable business.
Responsibilities and Accountabilities
Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers
Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LOBs)
Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Underwrite in line with LOB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Proactively support completion of policy administration and credit control processes
Contribute to development and execution of regional Underwriting strategy for LoB regionally
Training, developing and coaching of less experienced staff (including Underwriters)
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Required Skills and Abilities
4-12 years experience in proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio
4-12 years experience in demonstrating established relationships with brokers at peer group level and established within market
4-12 years experience in understanding of regional / local LoB insurance markets and competitor landscape
Education and Experience
College degree preferably in Economics, Finance, Insurance Management, or Business Administration
Completion of professional insurance qualification (e.g. CII)
#LI- Remote
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.
For San Francisco, CA: $148,614 - $201,066/year
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.
