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At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses. Our Professional Indemnity Financial Lines team is currently looking for an Underwriting Specialist based in Chicago or New York. This is a hybrid role.
Job Responsibility:
Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority
Participate in the development and execution of Zonal Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling
Underwrite new and renewal accounts to meet top and bottom-line targets
Negotiate price and terms and conditions with producers
Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Proactively support completion of policy administration and credit control processes
Contribute to development and execution of zonal Underwriting strategy for LoB
Training, developing and coaching of less experienced staff (including Underwriters)
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Requirements:
5-7 years' experience in Underwriting profitable business in Professional Indemnity
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