Production Underwriter

Mitsui Sumitomo Insurance Group (MSIG) is one of the world’s top ten property/casualty insurance carriers with over 38,000 employees worldwide. MSIG insures large multinational and domestic companies, and offers comprehensive global insurance programs.  Our US subsidiary, Mitsui Sumitomo Marine Management (MSMM), currently has an opportunity available for a Senior Production Underwriter in our Los Angeles office.

Summary: Produce and underwrite profitable Commercial Lines business, consisting of:  package, automobile, workers’ compensation and umbrella within assigned territory.  Looking for a self-starter to expand territory.

  Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Selects and underwrites Commercial Lines new and renewal risks within delegated underwriting authority. 

• Consults with agents and brokers to obtain new business submissions and manages the assigned territory by visiting agents, brokers and clients.

• Requires in depth knowledge of the local marketplace, strong agency relationships and a keen sense of local competition.

• Applies appropriate pricing of techniques according to company filings and state/bureau conformance.

• Monitors underwriting results, premium and loss trends within assigned book of business.

• Establishes and executes insured and agency visits, independently or with Risk Engineering, Claims, Underwriting Manager and Regional Underwriting Executive.

• Establishes and implements effective production plan with agents and brokers in their assigned territory.

• Determines if reinsurance is needed and procures quotes from various internal and external markets

Education and/or Experience                                                    

• Bachelor's degree preferred; CPCU or insurance related courses helpful.
• 5+ years underwriting multi-line middle market commercial business ($75,000 to $1m), with a minimum of 3 years in a production a role.
• Experience with advanced underwriting concepts such as large deductible and loss sensitive programs is helpful.
• Must also have demonstrated negotiation and production skills.
• Able to work independently and remotely.
• Ability to travel (same day and overnight) using all forms of transportation (40%).