Executive Underwriter, Financial Institutions

The Commercial Insurance Division is currently seeking an Executive Underwriter, Financial Institutions, to execute growth and underwriting strategies in the Midwest Region. The primary focus of the position will be underwriting and profitably growing Package, Property, General Liability, Auto, Worker’s Compensation, Umbrella/Excess and niche Financial Institution products/coverages for our Financial Institutions customer base. 

 

Responsibilities: 

• Underwriting and maintaining a renewal book as well as generating new business. 

• Travel, marketing, pipelining, and prospecting within the Midwest Region, cored in the Minneapolis office; drive submission activity.

• Assigned 3‐4 branches within the Midwest region. 

• Focus on Financial Institutions in the middle market sector. 

• Account size ranges from small (slightly above BOP) to large complex property schedules and/or sizeable payroll. 

• Maintain, grow and explore relationships with Midwest Region branches, our agent/brokers and clients. 

• Collaborate with assigned underwriter associate, local Financial Institutions team leader, the respective Commercial Insurance Manager, and home office to position their assigned book and territory within Commercial Insurance to meet or exceed business goals of profit, growth, retention, and rate. 

• Maintain high quality standards of service in conjunction with Underwriter Associate. 

• Be the lead on coordination of Loss Control & Claims Service plans for service level accounts.

• Develop and negotiate price, coverage, and terms and conditions for all new business and renewals and actively identify account rounding and cross‐selling opportunities. 

• Adhere to authority and underwriting strategies and service standards. 

• Travel: 30% of the time. 

• Bachelor’s degree 

• 5‐10 years underwriting experience, preferably in the core middle market segment. 

• Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers. 

• Proven track record of building strong relationships with agents and insureds. 

• Ability to work both independently and within a team environment using multiple internal and external resources appropriately, effectively and efficiently. 

• Strong negotiations, presentation, and public speaking skills. 

• Local broker and insurance marketplace relationships. 

• Knowledge and understanding of current insurance marketplace conditions 

• Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority 

• Understanding of Workers Compensation, General Liability, Property and Auto Liability Insurance coverage, terms and conditions. 

• Proficiency in Microsoft Office Suite as well as other business-related software 

 

The pay range for the role is $100,000 to $165,000. 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

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.