D&O/EPL Private Company Underwriter
HCC Global Financial Products, is seeking a full time Underwriter. HCC Global Financial Products is a subsidiary of HCC Insurance Holdings, Inc. (""HCC Insurance""), with its common stock trading on the NYSE (symbol: HCC). HCC Insurance has assets exceeding $7.9 billion and shareholders’ equity of over $2.2 billion. HCC Insurance is an international insurance company and a leading specialty insurance group with offices across the United States and in Bermuda, Spain, Ireland, and the United Kingdom. HCC Insurance operations consist of underwriting agencies; intermediaries; and life, property and casualty insurance companies which are rated A+ (Superior) by A.M. Best Company and AA (Very Strong) by Standard & Poor’s. HCC Insurance specializes in diversified financial products; group life, accident & health; general aviation; property; marine and energy; and other specialty insurance.
This position will report to the Private Company Underwriting Manager out of our Farmington, CT office.
This position is responsible for private company underwriting and producing new business in Directors and Officers Liability, Employment Practices Liability and Fiduciary Liability for HCC Global. Responsibilities will include:
Following underwriting guidelines and maintaining the current book of renewals.
Knowledge of insurance industry; works well in fast paced and very high volume environment.
At least 3-5 years in underwriting, with experience in management liability coverages.
Marketing with monthly goals for new business production.
Reviewing current book for cross sell opportunities and working with other divisions to broaden current book of business.
Understanding of policies with ability to review coverages and compare to competitors' products.
Prepares and reviews all necessary underwriting data, such as, but not limited to, application or binder forms, financial reports, and loss history reports to determine the degree of risk involved.
Must be highly organized with analytical/investigative skills and have the ability to make independent decisions in a fast paced work environment, as well as work with a team.
Communicates in a timely and concise manner with clients to obtain further information, quote rates, or communicate the acceptance or declination of risks.
Provide instructions and information to support staff, as required, for issuing policies and endorsements.
Excellent verbal and written communication skills
Advanced knowledge of MS Office (WORD, Excel, Outlook)
Strong math skills with ability to add, subtract, multiply and divide all units of measure by using whole numbers, common fractions and decimals. Ability to compute rate, ratio and percent.
Strong, proven organizational skills required with attention to detail
Should have knowledge of forms, procedures and insurance terminology
Oral and written communication skills
Should work well in team and deadline oriented environment
Ability to focus on multiple tasks during work day
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Excellent interpersonal skills
Ability to do presentations and speak with clients and brokers about our products.
HCC Insurance Holdings, Inc. is a leading international Specialty Insurance group with offices in the United States, the United Kingdom, Spain and Ireland.
The Company’s business philosophy is to maximize underwriting profit while managing risk in order to maximize net earnings and grow book value per share.
HCC has achieved an outstanding record of growth and profitability since its founding in 1974 through creative but careful underwriting, opportunistic expansion of existing lines of business and targeted acquisitions.
The Company’s operations consist of highly rated property and casualty and life insurance companies. HCC’s major domestic and international insurance companies have financial strength ratings of AA (Very Strong) from Standard & Poor’s Corporation, A+ (Superior) from A.M. Best Company, Inc., AA (Very Strong) from Fitch Ratings and A1 (Good Security) from Moody’s Investors Service, Inc.
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