AVP, Underwriting, Major Account Natural Resources

Chubb is seeing significant growth in our Major Accounts Natural Resources Property business segment. Chubb Major Accounts Energy complements Chubb Bermuda and Chubb Commercial Insurance Energy Resource Services (ERS) current offerings and also supports the established Chubb Energy and Climate+ Industry Practices. 

The Natural Resources team writes worldwide property exposures for United States and Canada domiciled entities. Our initial focus of the Natural Resources unit was on the traditional energy occupancies, including Oil, Gas & Petrochemical (Refineries, Gasoline & midstream, Petrochemicals, Terminals and Pipelines and higher hazard chemical processing.  

We are now seeing a significant number of opportunities in electric power generation from traditional as well as renewable sources.   Potential clients include regulated and non-regulated electric generation and energy storage.  The successful candidate will specialize in this area but will also learn and engage in writing other energy occupancies.

The coverage is typically written on a manuscript policy form in a layered & shared program structure. It is expected that clients will accept retentions that contain frequency (normal expected loss) levels.

Position Responsibilities include:

• Predominately responsible for account solicitation, risk selection and analysis, pricing and sales of core commercial property products and services for new and existing customers.  Develop a new business pipeline and manage assigned renewals.
• Meet with new and existing customers and agents/brokers to negotiate coverage, price, financial terms, and service delivery.
• Work closely with Global Client Executives to build an enterprise approach to account underwriting and services.
• Build Chubb Brand in the marketplace.
• Drive financial performance of a Natural Resources Property book of business.
• Meet or exceed financial goals including rate, growth, profit, retention, and new business.
• Collaborate with Chubb underwriters and engineers on a global basis to assure a consistent approach to Natural Resources Property risks, identify and adapt to innovation trends and identify critical risk factors.
• Build underwriting acumen in Natural Resources sectors 
• Participate in cross-sell initiatives within to expand product offerings to current clients.
• Adhere to Chubb’s climate policies regarding greenhouse gas emissions and coal usage. 

• Strong Property underwriting skills. 
• Collaborative approach to the underwriting process.  Much of the work is in tandem with Risk Engineering (90% of submissions will require RE consult).  We also encourage a team approach to underwriting.
• Strong sales, marketing, and negotiation skills
• Minimum of 8+ years insurance industry experience.
• Minimum of 8+ years of commercial lines underwriting experience.
• Proven track record of building strong business relationships with agents and insureds.
• Demonstrated strong written and oral communication skills.
• Proven ability in complex account analysis, prioritization, organization and detail orientation.
• Ability to work both independently and within a team environment using multiple internal and external resources appropriately, effectively, and efficiently.
• Strong desire to improve knowledge and skill set in the commercial lines of business.

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.