Chubb is the world’s largest publicly traded property and casualty insurer. 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. 

Overview

Westchester Environmental is looking for an applicant to fill the position of Underwriter supporting our West Region.  Westchester Environmental writes both contractors and manufacturers/distributors across a wide array of industries.  This underwriter will be charged with directly underwriting and growing a book consisting mainly of Manufacturing/Environmental Products package, Environmental Contractors/Consultants package, unsupported excess, as well as monoline site pollution and larger CPL accounts. The underwriter will be responsible for aggressively marketing to their assigned brokers to bring in opportunities and will work closely with the respective manager of the region, EVP/CUO for Westchester Environmental, as well as various Business Development Managers across the region to position this portfolio within Westchester Environmental’s strategy for growth and profit.  

MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to:

Individual Production/territory management related duties:

• Develops and executes on marketing plan for assigned producers and territories


• Negotiates pricing, terms and conditions for excess and surplus environmental accounts using assigned underwriting authority and company guidelines


• Risk Assessment/Identifying risk exposures, special or common hazards, and appropriate controls.


• Selecting risk based on exposure and risk analysis.


• Analyzing claims and quantifies losses.


• Financial and mathematical proficiency.


• Understanding of financial statements and ratios used in risk analysis.


• Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets.


• Understanding credit risk.


• Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking.


• Ability to quantify risk based on experience history and forecasting methods.


• Documents the underwriting files with account review, analysis and conclusions.


• Ability to rate/quote/bind coverage and has a command of underwriting systems.


• Marketing and Communications.


• Ability to sell and negotiate to achieve bottom line profitability for the Company.


• Ability to make presentations and communicate articulately.


• Ability to base communications on strategic thinking.


• Ability to manage producer strategy.

MINIMUM REQUIREMENTS:

• 2 – 4 years experience underwriting environmental insurance products


• Bachelor’s degree

DESIRED QUALIFICATIONS:

• Experience with wholesale brokers


• Knowledge of environmental insurance industry


• Ability to review and analyze environmental due diligence


• Ability to review, evaluate and develop coverage forms and endorsements


• Technical capabilities (ability to work comfortably with various IT systems)


• Understanding of risk management approaches including risk transfer


• Knowledge of underwriting concepts, practices, and procedures


• Internet usage and research


• Detailed understanding of company Financial Statements (Balance Sheet, Income Statement, 10-K, etc.)


• Ability to work in a collaborative, team environment


• Ability to share knowledge and develop staff


• Oral and written communication skills


• Negotiation skills


• Marketing skills

Chubb strives to offer a diverse and inclusive and rewarding work environment.  Teamwork and mutual respect are central to how Chubb operates, and we believe the best solutions draw upon diverse perspectives, experiences and skills.  We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.