AVP, Product & Underwriting, Casualty – Global Specialty
Job Description:
• Development and implement the product and underwriting strategy for all Casualty Lines of business
• Lead the ongoing management and expansion of the product and underwriting appetite for all Casualty Lines of business
• Creating and testing innovation and new data strategies
• Partner with AVP Product & Underwriting (Property Lines), AVP Product & Underwriting (Financial Lines), key business leaders, and stakeholders/partners to proactively identify trends and opportunities, diagnose and strengthen all Casualty Lines performance and share/incorporate best practices across teams. Maintain strong external knowledge and marketplace connectivity.
• Assess areas of opportunity for profitable growth for all Casualty Lines of business. In conjunction with business partners, develop underwriting and product plans to capitalize on identified areas of opportunity for all Casualty Lines of business
• Monitor all Casualty Lines of business results and react quickly and effectively to growth and profit challenges
• Monitoring emerging issues to inform appetite, coverage response, rate response, and risk tolerance
• Gather marketplace insights and competitive intelligence to inform solutions (product, rate/price, appetite)
• For all Casualty Lines of business, lead the development, management, and communication of Global Specialty underwriting policies
• Lead the development of new or revised underwriting positions and appetite
• Lead and support key Global Specialty segment initiative and/or projects
• For all Casualty Lines of business shape and lead the appetite, underwriting, product, and pricing model development agenda to optimize profitable growth
• Provide leadership support on specific Casualty Lines of business product development initiatives
• Work with legal and compliance to ensure that new products and product changes are compliant with state laws and regulations
• Lead a team of product and underwriting professionals with an emphasis on diversity, equity, and inclusion to deliver on the core strategic priorities
• Build and maintain strong partnerships with key stakeholders to ensure alignment on strategic initiatives, insights, trends, and maintenance of all Casualty Lines
• Build supportive and collaborative development plans designed to advance career experiences of the team
• Participate and lead in enterprise forums to represent Global Specialty business and our interests
Requirements:
• 10+ years’ experience within P & C Specialty Lines; focus and expertise in product & underwriting for Casualty Lines strongly preferred
• Leadership and direct team management experience, strong mentoring and coaching discipline and prior experience developing talent and building teams
• Superior understanding of Product Management & Product Development, inclusive of policy form development and interaction with actuaries and reinsurers.
• Strong understanding of all aspects of underwriting execution
• Ability to use data and analytics to understand and drive underwriting strategy
• Understanding of financial concepts
• Strong project management, negotiation, influencing, legal and analytical skills
• Ability to absorb multi-disciplinary input and translate into effective actions
• Superior communication skills, both oral and written
• Ability to collaborate to drive effective partnerships and deliver outcomes
• Leadership and mentoring skills
• Excellent verbal and written communication skills; ability to deal confidently with all levels of the organization, including senior executives, field leadership, underwriters, and business partners
• Demonstrate a talent to motivate and inspire team employees and cross functional teams
• Bachelor’s degree strongly preferred.
Benefits:
• Bonuses
• Long-term incentives
• On-the-spot recognition
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• Development and implement the product and underwriting strategy for all Casualty Lines of business
• Lead the ongoing management and expansion of the product and underwriting appetite for all Casualty Lines of business
• Creating and testing innovation and new data strategies
• Partner with AVP Product & Underwriting (Property Lines), AVP Product & Underwriting (Financial Lines), key business leaders, and stakeholders/partners to proactively identify trends and opportunities, diagnose and strengthen all Casualty Lines performance and share/incorporate best practices across teams. Maintain strong external knowledge and marketplace connectivity.
• Assess areas of opportunity for profitable growth for all Casualty Lines of business. In conjunction with business partners, develop underwriting and product plans to capitalize on identified areas of opportunity for all Casualty Lines of business
• Monitor all Casualty Lines of business results and react quickly and effectively to growth and profit challenges
• Monitoring emerging issues to inform appetite, coverage response, rate response, and risk tolerance
• Gather marketplace insights and competitive intelligence to inform solutions (product, rate/price, appetite)
• For all Casualty Lines of business, lead the development, management, and communication of Global Specialty underwriting policies
• Lead the development of new or revised underwriting positions and appetite
• Lead and support key Global Specialty segment initiative and/or projects
• For all Casualty Lines of business shape and lead the appetite, underwriting, product, and pricing model development agenda to optimize profitable growth
• Provide leadership support on specific Casualty Lines of business product development initiatives
• Work with legal and compliance to ensure that new products and product changes are compliant with state laws and regulations
• Lead a team of product and underwriting professionals with an emphasis on diversity, equity, and inclusion to deliver on the core strategic priorities
• Build and maintain strong partnerships with key stakeholders to ensure alignment on strategic initiatives, insights, trends, and maintenance of all Casualty Lines
• Build supportive and collaborative development plans designed to advance career experiences of the team
• Participate and lead in enterprise forums to represent Global Specialty business and our interests
Requirements:
• 10+ years’ experience within P & C Specialty Lines; focus and expertise in product & underwriting for Casualty Lines strongly preferred
• Leadership and direct team management experience, strong mentoring and coaching discipline and prior experience developing talent and building teams
• Superior understanding of Product Management & Product Development, inclusive of policy form development and interaction with actuaries and reinsurers.
• Strong understanding of all aspects of underwriting execution
• Ability to use data and analytics to understand and drive underwriting strategy
• Understanding of financial concepts
• Strong project management, negotiation, influencing, legal and analytical skills
• Ability to absorb multi-disciplinary input and translate into effective actions
• Superior communication skills, both oral and written
• Ability to collaborate to drive effective partnerships and deliver outcomes
• Leadership and mentoring skills
• Excellent verbal and written communication skills; ability to deal confidently with all levels of the organization, including senior executives, field leadership, underwriters, and business partners
• Demonstrate a talent to motivate and inspire team employees and cross functional teams
• Bachelor’s degree strongly preferred.
Benefits:
• Bonuses
• Long-term incentives
• On-the-spot recognition
Apply tot his job
Apply To this Job