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Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk.
Key Accountabilities/Deliverables:
- Execution of Media and MPL E&O business plans and objectives including:
- Build Core Specialty’s reputation and presence in the professional liability market
- Provide prompt and accurate customer service on policy transactions
- Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
- Provide documented evidence of underwriting activities and decisions in files as required
- Support Company and Department goals and objectives
- Build Core Specialty’s relationships with our broker partners
- In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
- Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.
Technical Knowledge and Understanding:
- Strong knowledge of Media and MPL E&O underwriting industry
- Knowledge of E&O underwriting practices, coverage & pricing/rating methodologies with the ability to manuscript policy language.
- Strong knowledge of producer & competitor marketplace
- Strong knowledge of targeted industries
- Strong knowledge of insurance company operations
- Solid understanding of policy wordings and clauses
- Up-to-date knowledge of the insurance market environment
Experience:
- 7+ years in the E&O marketplace with experience on Media and MPL
- Experience working with support services, including IT, claims, actuarial and operations
- Strong Proficiency with Microsoft Office products (Excel, Word, PowerPoint)
The expected pay range for the role is $140,000 - $170,000. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Top Skills
What We Do
Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast! When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you. We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands. We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers. We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers. Our specialty focus is the essential part of our identity. It is at our core
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