RVP, Executive Assurance

Location
New York City, New York
Salary
Not Specified
Posted
Nov 25, 2021
Closes
Jan 24, 2022
Ref
5013#GIJ--Arch.1
Job Type
Not Specified
Career Level
Not Specified

The Regional Vice President position is in the Large Commercial Group, one of Executive Assurance's specialty units, which is responsible for underwriting Directors and Officers liability, Employment Practices Liability and Fiduciary Liability coverage for public and private companies with revenues greater than $500M for public accounts and greater than $1B for private. Candidate must be a highly-motivated, career-oriented individual who will be a key part of the Commercial team efforts for the Northeast region.

Job Responsibilities

Provide management direction and leadership for the executive assurance operations of Arch in a regionalized structure. In accordance with business standards, helps to carry out organization goals and structure, utilize and assign human and financial resources, establish and maintain sound business practices. Provides ongoing assistance to management in the interpretation, implementation, and achievement of those business goals.

  • Provide direction to achieve business success by executing actions that maximize product line underwriting results and competitive advantages. Follows designed plans and actions that will enhance the units' underwriting results.
  • Helps to manage the matrix between the regional objective and business unit forecast.
  • Provide ongoing management to group to achieve underwriting and line of business goals and the optimal utilization of business unit and supporting staff on a regional platform.
  • Help to direct the utilization of business unit resources by location and market opportunity. Evaluate underwriting, renewals and new business, , market opportunity, and product application.
  • Personally participate in marketplace initiatives through interface with key customers, agents, and brokers.
  • Regularly meet with brokers and agents, industry groups, and insured's to present and represent the business unit's interests.
  • Follows guidelines to ensure that underwriting products and practices are in accordance with appropriate regulatory requirements
Required Skills/Experience

  • Expected experience would be a minimum of 7-10 years of executive assurance insurance industry experience, including a progression of management roles.
  • Required to have experience as a manager at the regional or national level in executive assurance with responsibility for the business region/unit region results.
  • Required to have demonstrated interpersonal and leadership skills as evidenced by experience in dealing with brokers, agents, industry groups, and insureds.
Education

  • Incumbent would be expected to have a BS in Finance, Business, Insurance or a related field.
The Company

Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries.

With nearly 20 years of operating history and strong financial ratings, our track record remains solid.

Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

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