Underwriter, Excess Casualty

Underwriter, Excess Casualty at Hamilton.

About the role

As an Underwriter specializing in Excess Casualty at Hamilton, you will play a crucial role in evaluating and managing risks associated with excess liability insurance.

Your expertise will contribute to the growth and profitability of our portfolio while ensuring that we maintain our commitment to providing exceptional service to our clients.

You will collaborate closely with brokers and clients to assess their needs and develop tailored solutions that align with our underwriting guidelines.

• Key facts
• Engagement: Full-time
• Visa: Sponsorship available for qualified candidates

What you'll do

• Analyze insurance applications and assess risk factors to determine appropriate coverage levels and premiums for excess casualty policies.
• Collaborate with brokers to gather necessary information and clarify any uncertainties regarding submissions.
• Develop and maintain strong relationships with clients and brokers, ensuring effective communication throughout the underwriting process.
• Monitor and evaluate the performance of existing policies, making recommendations for adjustments as necessary to optimize profitability.
• Stay informed about industry trends, regulatory changes, and emerging risks that may impact our underwriting strategies.
• Prepare detailed underwriting reports and documentation to support decision-making and compliance requirements.
• Participate in the development of underwriting guidelines and best practices to enhance operational efficiency.
• Work closely with claims teams to understand the implications of claims on underwriting decisions and policy pricing.
• Provide training and mentorship to junior underwriters and support staff, fostering a culture of continuous learning and improvement.
• Engage in market research to identify new business opportunities and potential areas for growth within the excess casualty segment.
• Attend industry conferences and networking events to represent Hamilton and build professional connections.
• Utilize underwriting software and tools to streamline processes and improve accuracy in risk assessment.

Requirements

• Bachelor's degree in finance, business administration, risk management, or a related field.
• A minimum of 3-5 years of experience in underwriting, with a focus on excess casualty or related lines of insurance.
• Strong analytical skills with the ability to assess complex risk scenarios and make informed decisions.
• Excellent communication and interpersonal skills to effectively collaborate with clients, brokers, and internal teams.
• Proficiency in underwriting software and tools, as well as Microsoft Office Suite.
• Knowledge of industry regulations and compliance standards relevant to excess casualty insurance.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Detail-oriented with a strong commitment to accuracy and quality in all aspects of work.
• A proactive approach to problem-solving and a willingness to adapt to changing circumstances.
• Nice to have
• Professional designations such as CPCU, AU, or similar certifications in insurance or risk management.
• Experience in a specific industry sector, such as construction, manufacturing, or healthcare, that may enhance underwriting capabilities.
• Familiarity with advanced data analytics tools and techniques to support risk assessment and pricing strategies.
• Previous experience in a client-facing role, demonstrating strong customer service skills.
• Knowledge of international insurance markets and the ability to underwrite global risks.

Skills & tools

• Proficient in underwriting software and risk assessment tools.
• Strong analytical and quantitative skills for evaluating risk and pricing policies.
• Excellent written and verbal communication abilities for preparing reports and interacting with stakeholders.
• Familiarity with regulatory compliance and industry standards in excess casualty insurance.
• Ability to work collaboratively in a team environment while also being self-motivated.
• Practical notes
• The specific location of the position is currently unknown, but candidates should be prepared for potential remote work or travel requirements.
• Salary details are competitive and will be discussed during the interview process based on experience and qualifications.
• Hamilton is committed to diversity and inclusion in the workplace and encourages applications from candidates of all backgrounds.
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