Arch Insurance Group Inc. is a company that promotes progress and inspires clients through collaboration and innovation. The Underwriter, Executive Assurance is responsible for underwriting and policy issuance for various types of liability insurance, focusing on generating submissions and managing relationships with brokers.
Responsibilities
- Underwrite and price products, to include financial and exposure analysis
- Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency
- Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events
- Attendance at meetings with outside company management
- Policy contract review and rating
- Binding of new and renewal accounts according to our underwriting philosophy and strategy
- Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts. Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes
- Service brokers and customers, to drive new business opportunities via existing relationships as well as where there is no existing relationship; continually prospects for new opportunities
Skills
- 1-2 years of private D&O underwriting experience
- Exemplary oral and written communication skills
- Analytical, with a keen ability to think through issues
- Solid understanding of financial statements
- Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location
- Able to organize and prioritize to meet multiple demands and commitments
- Ability to work independently as a member of a team working to build a profitable book of business
- Effective negotiation skills
- Proficient in MS Word, Excel and Outlook
- Bachelor's Degree, ideally in Economics, Business, Finance or Accounting
- RPLU or CPCU designation preferred but not required
Benefits
- Multiple medical plans plus dental, vision and prescription drug coverage
- A competitive 401k with generous matching
- PTO beginning at 20 days per year
- Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
- Basic Life and AD&D Insurance as well as Short and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance and Tuition Reimbursement
- Backup Child and Elder Care
Company Overview
Arch Insurance Group Inc., a division of Arch Capital Group Ltd. (ACGL), is a market-leading specialty insurer. It was founded in 2002, and is headquartered in Jersey City, New Jersey, USA, with a workforce of 1001-5000 employees. Its website is https://insurance.archgroup.com.Company H1B Sponsorship
Arch Insurance Group Inc. has a track record of offering H1B sponsorships, with 18 in 2025, 18 in 2024, 10 in 2023, 10 in 2022, 8 in 2021, 3 in 2020. Please note that this does not guarantee sponsorship for this specific role.
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