What are the responsibilities and job description for the Senior Underwriter/Executive Underwriter position at Hudson Insurance Group?
Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators.
Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.
Collectively known as Hudson Insurance Group, its companies are rated A (Superior) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of OdysseyRe, a leading worldwide underwriter of reinsurance and specialty insurance and wholly-owned by Fairfax Financial Holdings Limited.
Position Summary
The Senior Underwriter is accountable for executing underwriting strategy while balancing profit, pricing and production objectives within a team environment. Strong sales behaviors and strong technical expertise are key factors in driving the desired results of leveraging underwriting experience in professional liability markets. The Underwriter is responsible for profitably growing our professional liability book, providing industry leading customer value and demonstrating a ‘strive for excellence’ environment. All these activities are directed towards further establishing Hudson’s presence as the provider of choice for these product lines.
Essential Functions
Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.
Collectively known as Hudson Insurance Group, its companies are rated A (Superior) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of OdysseyRe, a leading worldwide underwriter of reinsurance and specialty insurance and wholly-owned by Fairfax Financial Holdings Limited.
Position Summary
The Senior Underwriter is accountable for executing underwriting strategy while balancing profit, pricing and production objectives within a team environment. Strong sales behaviors and strong technical expertise are key factors in driving the desired results of leveraging underwriting experience in professional liability markets. The Underwriter is responsible for profitably growing our professional liability book, providing industry leading customer value and demonstrating a ‘strive for excellence’ environment. All these activities are directed towards further establishing Hudson’s presence as the provider of choice for these product lines.
Essential Functions
- Play a key role in working within the business unit underwriting risks for various lines of Professional Liability classes including: Technology E&O, Cyber, Internet Liability, Media Professional, Miscellaneous Professional Liability and Manufacturers’ E&O
- Develop a portfolio that helps in the department's goals of growing a profitable book of business across all lines.
- Work with assigned Wholesale broker/retail relationships and source business focusing on growth and profitability goals of the department.
- Take an active role in partnering with the management team to further identify production sources and identify profitable market opportunities and product/industry trends.
- Analyze individual risks and establish a portfolio with profitable results to manage and control underwriting exposure and pricing strategy consistent with company objectives and guidelines.
- Assist in the identification and development of new products and niche opportunities
- Proven client development experience
- Analytical skills
- Negotiation skills
- Problem solving skills
- Marketing skills
- Excellent oral and written communication skills
- Excellent knowledge of the professional liability marketplace with a strong emphasis on cyber/technology. Self-motivated and results oriented
- Willingness and drive to perform independently and as part of a team
- Ability to provide product and underwriting support to other Professional Liability underwriters, when necessary
- Strong technical expertise
- High ethical standards
- Ability to execute on strategy
- 7 to 10 years underwriting experience with at least 5 years current experience in cyber/tech
- Product development experience a big plus
