AVP, Product & Underwriting, Casualty, Global Specialty

AVP Product & UW - EM05BE

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Reporting to the VP, GS Product & Underwriting, the AVP Product & Underwriting (Casualty Lines), is a mid-level leadership role requiring a deep level of expertise in Casualty products, high levels of competency in building and maintaining stakeholder relationships, operating strategically and cross-functionality to influence and drive outcomes, and providing leadership within the organization.  The role has accountability for the development and deployment of countrywide line of business strategies, underwriting guidance, product management and idea generation, rate guidelines and analysis, underwriting and pricing tool management, training, and regulatory compliance issues for all Casualty Lines of business.  Scope of this role includes: All Casualty Lines of Business.

 

In addition to the core function of leading this line, this leadership role also is responsible for shaping and monitoring the overall portfolio health (P&L), bringing critical insights and recommendations to the Global Specialty Casualty Lines Business Unit leaders to support their profit and growth plans, leading product innovation and transformation efforts that advance our business units market position.  The strategic agenda for Casualty Lines is critical to Global Specialty’s strategic plan achievement.  This leadership role will create and implement the multi-year product agenda that is foundational to the business units.

 

Core Responsibilities

 

Strategy Development & Execution

·         Development and implement the product and underwriting strategy for all Casualty Lines of business

·         Lead the ongoing management and expansion of the product and underwriting appetite for all Casualty Lines of business

·         Creating and testing innovation and new data strategies

·         Partner with AVP Product & Underwriting (Property Lines), AVP Product & Underwriting (Financial Lines), key business leaders, and stakeholders/partners to proactively identify trends and opportunities, diagnose and strengthen all Casualty Lines performance and share/incorporate best practices across teams.  Maintain strong external knowledge and marketplace connectivity.

 

Planning, Performance & Portfolio Management

·         Assess areas of opportunity for profitable growth for all Casualty Lines of business.  In conjunction with business partners, develop underwriting and product plans to capitalize on identified areas of opportunity for all Casualty Lines of business

·         Monitor all Casualty Lines of business results and react quickly and effectively to growth and profit challenges

·         Monitoring emerging issues to inform appetite, coverage response, rate response, and risk tolerance

·         Gather marketplace insights and competitive intelligence to inform solutions (product, rate/price, appetite)

 

Underwriting Policy Development and Management

·         For all Casualty Lines of business, lead the development, management, and communication of Global Specialty underwriting policies

·         Lead the development of new or revised underwriting positions and appetite

·         Lead and support key Global Specialty segment initiative and/or projects

 

Product Agenda Development and Execution

·         For all Casualty Lines of business shape and lead the appetite, underwriting, product, and pricing model development agenda to optimize profitable growth

·         Provide leadership support on specific Casualty Lines of business product development initiative