Renewal Underwriter - Professional Liability
BERKLEY TECHNOLOGY SERVICES, Chicago, Illinois, United States, 60290
Overview
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve. Responsibilities
Serve as the lead underwriter for new business opportunities within an assigned market segment. Develop and execute broker engagement strategies to build long-term, productive relationships. Act as the primary point of contact for assigned brokers, providing responsive service and strategic guidance. Collaborate with internal underwriting and support teams to deliver timely and competitive quotes. Negotiate terms and pricing with brokers to secure profitable business. Maintain a pipeline of new business opportunities and meet or exceed production goals. Support renewal retention efforts for assigned broker’s accounts. Use technology (AI) to maintain efficiency maintain productivity standards/metrics, rate adequacy (deviation from benchmark) Monitor rate adequacy and contribute to portfolio management strategies. Provide input on underwriting guidelines and product enhancements based on new business trends. Maintain accurate records and documentation in underwriting systems. Monitor market trends and broker feedback to inform underwriting strategy and product development. Represent the company at industry events, broker meetings, and conferences. Regular travel to conduct in-person sales/ marketing visits with assigned brokers. Qualifications
Bachelor’s degree in Business, Insurance, Risk Management, or related field preferred. Minimum 3–5 years of experience in E&S underwriting or broker-facing insurance sales. Proven track record of new business production and relationship management. Strong negotiation and communication skills. Deep understanding of E&S market dynamics and broker distribution channels. Ability to work independently and collaboratively in a fast-paced environment. Proficiency in underwriting systems and Microsoft Office Suite. Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $90,000 - $120,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Sponsorship DetailsSponsorship not Offered for this Role
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Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve. Responsibilities
Serve as the lead underwriter for new business opportunities within an assigned market segment. Develop and execute broker engagement strategies to build long-term, productive relationships. Act as the primary point of contact for assigned brokers, providing responsive service and strategic guidance. Collaborate with internal underwriting and support teams to deliver timely and competitive quotes. Negotiate terms and pricing with brokers to secure profitable business. Maintain a pipeline of new business opportunities and meet or exceed production goals. Support renewal retention efforts for assigned broker’s accounts. Use technology (AI) to maintain efficiency maintain productivity standards/metrics, rate adequacy (deviation from benchmark) Monitor rate adequacy and contribute to portfolio management strategies. Provide input on underwriting guidelines and product enhancements based on new business trends. Maintain accurate records and documentation in underwriting systems. Monitor market trends and broker feedback to inform underwriting strategy and product development. Represent the company at industry events, broker meetings, and conferences. Regular travel to conduct in-person sales/ marketing visits with assigned brokers. Qualifications
Bachelor’s degree in Business, Insurance, Risk Management, or related field preferred. Minimum 3–5 years of experience in E&S underwriting or broker-facing insurance sales. Proven track record of new business production and relationship management. Strong negotiation and communication skills. Deep understanding of E&S market dynamics and broker distribution channels. Ability to work independently and collaboratively in a fast-paced environment. Proficiency in underwriting systems and Microsoft Office Suite. Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $90,000 - $120,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Sponsorship DetailsSponsorship not Offered for this Role
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