Senior Underwriter - Inland Marine

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Cluster:  Allianz Professional

  

Let’s care for tomorrow.  

Your ambitions.  Your dreams.  Your tomorrow  

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.

 

We are looking for an Senior Underwriter – Inland Marine with strong experience underwriting products such as construction, transportation, related property, contractors equipment, and builders risk.  This position will work a hybrid scheduled based in the Houston, Texas office.

Your Team  

Allianz Commercial (AzC) is one of the largest marine insurers in the world and is a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With a depth and breadth of marine capabilities that are unmatched in the industry. Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions.

 

Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures.

 

The Impact You Will Have  

Reporting to the North American Inland Marine Program Lead, this position will take prime responsibility for underwriting profitable new and renewal business to meet the inland marine line of business targets regionally including global elements. Ownership of large accounts/clients including negotiation of participation, pricing and terms and conditions. Develop and maintain strong relationships with brokers and clients. Specialized technical expertise/lead for at least one sub-Lob.

 

Some of your specific responsibilities could include:  

• Underwrite new and renewal accounts to meet top and bottom-line targets. Negotiate price and terms and conditions with producers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)
• Ensure accurate policy documentation issued to producers (where AzC responsibility to do so) or producers has issued documentation (where producer responsibility). File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes
• Contribute to development and execution of regional Underwriting strategy for LoB regionally. Training, developing and coaching of less experienced staff (including Underwriters). Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate. Delegate work as appropriate
• Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary). Proactively liaise with MMC on market management initiatives
• Positively represent AzC externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)

 

What You’ll Bring to the Role –  

• A minimum 3 years’ proven track record in underwriting profitable inland marine business. Specialized expert understanding of sub-LoB products and portfolio. Recognized relationships with brokers at peer group level and well established within market. Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements. Good understanding of legal and regulatory framework. Experience working in complex, global matrix organization.
  • Well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder’s risk, contractor’s equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters).
• Preferably a bache