This in office-hybrid position requires an individual who has an underwriting expertise in Work Comp, Commercial Auto and General Liability Insurance. The position requires an ability to strengthen Garnet’s relationship with their carrier partners, negotiate new business and renewal submissions and interact with internal sales leads at Garnet, retail brokers, etc. The candidate must be able to balance diligence and detail orientation while not losing sight of the bigger picture.Responsibilities and Duties
- Create and execute business strategies for expansion of existing captive programs
- General market relationships – representing Garnet at relevant industry events and coordinating stewardship meetings with key carrier partners.
- Initial pre-screen of new business opportunities
- Coordination with sales lead on setting informal pricing expectations
- Oversight of full submission process – risk control, actuarial, questionnaires etc.
- Formal submission to fronting carriers and the associated discussion & negotiation
- Participation in renewal negotiations for group terms for all Garnet programs.
- Ongoing collaboration with business development on carrier appetites
- Keeping apprised of applicable industry knowledge and standards
- 5-10+ years of Casualty insurance experience, captive experience a plus
- Strong organizational/prioritization skills
- Self-direction and the ability to take ownership and drive responsibilities through to completion
- Excellent verbal, writing, and relationship-building skills
- Alignment with our Core Values (see https://www.garnetcaptive.com/)
- Flexibility to work from our Philadelphia, PA area headquarters
About Strategic Risk Solutions
SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
Garnet Captive Services, LLC was founded in 2002 with the goal of providing causality insurance solutions for mid-sized employers. Garnet Captive partners with an established network of high-quality insurance agents to deliver comprehensive group captive solutions covering workers’ compensation, commercial auto, and general liability. Since 2002, Garnet’s group captive programs have been incredibly successful in reducing premiums, stabilizing cost, and providing control of employers’ insurance programs.
Offering a competitive salary and a comprehensive benefits package including life, medical, dental, 401k, and tuition reimbursement, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. SRS’ dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success.
EOE
For more information on SRS, please visit www.strategicrisks.com
For more information on Garnet, please visit www.garnetcaptive.com
Top Skills
What We Do
Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020.
For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough.
Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:
--Delivering outstanding service;
--Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits;
--Helping Clients succeed, particularly through our reputation for innovation; and
--Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients.
This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.
