Senior Marine Underwriter

Senior Marine Underwriter

Property and Casualty Insurance Industry

Boston, MA – 100% Remote

Exciting chance to become part of one of the largest program administrators in the United States! In this position, the person will collaborate with agents and brokers to offer customized coverage for businesses involved in marine liabilities, such as shipyards, ship repairers, terminal operators, marine contractors, charterers, and similar activities. You will oversee a designated underwriting area to drive profitable growth, which entails underwriting new accounts, managing renewals, endorsements, and other transactions. You'll also pinpoint new business prospects and nurture relationships with agencies. You are expected to meet targets for new business premiums, maintain renewal premium retention, and achieve rate change goals. Make informed decisions regarding risk and pricing to maintain profitable loss ratios. Request and assess inspections to ensure that accounts written align with initial underwriting information, taking action if inspections indicate unacceptable risk factors. Evaluate whether facultative reinsurance is necessary and if so, include the reinsurance costs in gross pricing, complete cession processes, maintain documentation files, and adhere to established workflows for accurate reporting and accounting. Leverage various underwriting resources to ascertain acceptable risk factors. Accurately classify exposures and establish suitable property limits to ensure appropriate insurance to value. Provide ratings and quotes to agents.

A minimum of five years of experience in commercial marine liability underwriting is required. Expertise in technical underwriting is essential, which includes identifying exposures, evaluating coverage, understanding and applying relevant risk and rate dynamics, along with maintaining documentation to support underwriting choices. Proven success in the commercial lines property casualty insurance sector is necessary. Basic familiarity with programs in a Windows operating environment, such as Word, Excel, and E-mail, is mandatory.