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Underwriter

Company: W.R. Berkley Corporation
Location: Naperville
Posted on: November 22, 2021

Job Description:

Company Details A constellation in the southern hemisphere, Vela means "sails of a ship" in Latin. In 1996, Vela Insurance Services began operations writing excess and surplus lines casualty business. In the beginning, the primary focus was on construction and manufacturing risks but expanded to write a variety of general casualty and professional liability classes. Today, we offer both national service and local knowledge to our exclusive wholesale broker network and the businesses they serve. Vela is part of the W.R. Berkley Corporation, founded in 1967, Berkley is one of the nation's premier commercial lines property casualty insurance providers. Responsibilities The Underwriter will evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company's underwriting guidelines and procedures for commercial risks with a focus on non-admitted General Liability and Excess limits for construction risk. Manage and maintain good Wholesale Broker relationships. Meet and maintain the production, profitability, and service standards established for the company. Assist in building appetite and risk selection guidelines for new classes of business to be added according to market place changes and opportunities. * Adhere to underwriting authority level as per on file with Manager. * Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit. * Meet/Exceed production, profitability, and service targets. * Ability to research and solve more complicated problems and make decisions. * Determine final coverages and pricing for commercial risks. * Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategy for dealing with exposures and frequency issues. * As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business. * Maintain quality and time standards as established. * Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills. * Identify and cultivate brokers with new business opportunities. Qualifications * Bachelors Degree, or commensurate experience and training * Minimum of five years' commercial lines underwriting experience * Knowledge of writing small business accounts Additional Company Details The Company is an equal employment opportunity employer. Additional Requirements COVID-19 vaccine required unless prohibited by law. Responsibilities The Underwriter will evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company's underwriting guidelines and procedures for commercial risks with a focus on non-admitted General Liability and Excess limits for construction risk. Manage and maintain good Wholesale Broker relationships. Meet and maintain the production, profitability, and service standards established for the company. Assist in building appetite and risk selection guidelines for new classes of business to be added according to market place changes and opportunities. - Adhere to underwriting authority level as per on file with Manager. - Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit. - Meet/Exceed production, profitability, and service targets. - Ability to research and solve more complicated problems and make decisions. - Determine final coverages and pricing for commercial risks. - Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategy for dealing with exposures and frequency issues. - As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business. - Maintain quality and time standards as established. - Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills. - Identify and cultivate brokers with new business opportunities.

Keywords: W.R. Berkley Corporation, Naperville , Underwriter, Other , Naperville, Illinois

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