Underwriter - Captive
Job Description
Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Essential Job Functions:
Assist in the creation and design of customized fronted captive and indemnity programs for client’s unique global property & casualty insurance needs.
Build strong and long-term relationships with clients, producers and outside venders
Collaborate with internal stakeholders to ensure effectiveness and timeliness of program creation and launches. Internal stakeholders include credit, legal, underwriting, claims, actuarial, reinsurance recoverable, operations and compliance departments.
Contribute to coverage creation and contract development to meet the client’s needs while ensuring compliance with company and regulatory requirements
Maintain, oversee and monitor renewal book and various team initiatives including profitability of the assigned portfolio.
Responsible for servicing new and renewals including managing proposals, binders, invoicing and policy documents
Cross-sell with various global underwriting teams to create a blended and customizable insurance program which blends risk transfer and alternative risk financing solutions
Assist in developing product and/or rate revisions, underwriting guidelines, manuals, and procedures.
When required attend client and producer sponsored meetings.
Attend various industry specific conferences to expand knowledge and help build relationships
Responsible for maintaining accurate underwriting and documentation of files.
Occasional travel may be required for meetings
Applicant Requirements:
3-5 years of direct underwriting in a multiline environment that includes multinational.
Solution oriented – ability to understand client’s core issues and create innovative and strategic solutions
Need to be an outside-the-box thinker, interested in pushing boundaries and developing creative solutions to solve a variety of partner and customer problems
Experience with various types of coverages and captive insurance company operations is preferred.
Bachelor’s Degree –Risk Management desirable
Strong interpersonal skills; must be able to interface and build working relationships with all levels within the company and with or external partners and clients.
Ability to work in fast-paced team environment, handling multiple accounts, tasks and deadlines and prioritize working independently and also supporting a team environment
Excellent oral and written communication
Customer service focused
Desire to learn and question
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $90,000 - $115,000.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.