Underwriter Technical Property - Senior

New York City, New York
Competitive salary offered plus benefits! (i.e. Medical, Dental, 401K)
Mar 28, 2017
May 27, 2017
Underwriting
Full Time

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 Underwriter (Technical Property) to work in our New York City office.

Summary: Produce, underwrite and service profitable technical property business on a nationwide basis. Profitably underwrite and service assigned multinational accounts in accordance with Corporate and Field Office goals.

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

  • Produces, selects and underwrites the most complex technical property risks within delegated underwriting authority.  Applies appropriate pricing techniques according to company filings and state/bureau conformance.
  • Evaluates, recommends, negotiates and implements the most appropriate reinsurance structure given the capacity, limits and characteristics of each individual risk. 
  • Monitors underwriting results, premium and loss trends within assigned book of business.
  • Establishes and executes effective and efficient producer and client visits (with appropriate business units - Loss Control, Claims and Marketing Representatives as necessary) in order to maintain existing accounts and develop new business.
  • Coordinate with inter-company departments as well as producers, insureds and Marketing Representatives to ensure appropriate high level account management standards are maintained.
  • Enhances underwriting expertise in the area of Technical Property including assisting in training and development of Department staff.
  • Responsible for helping develop and implement best practices in the areas of Account Management.

Education and/or Experience:                                     

  • Bachelor's degree (B. A.) from four-year College or university preferred; High school degree or G.E.D. required.
  • Ten Years + in depth experience in underwriting large industrial property accounts with particular expertise in underwriting global exposures.
  • Experience with reverse flow accounts preferred.
  • Familiarity with catastrophe modeling and management of aggregates necessary.

Supervisory Responsibilities:                                             

This job has no supervisory responsibilities.

Certificates, Licenses, Registrations:

CPCU or insurance related courses helpful.