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Underwriter - International Liability

Job Level:  Professional
Location: 

New York, NY, US, 10019 AGCS Chicago, IL, US, 60606

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office due to Covid-19
Employment Type:  Permanent
ID:  722

Job Purpose/Role

  • Underwrite profitable new and renewal business to meet International Liability targets;
  • Negotiation of participation, pricing and terms and conditions;
  • Ownership of accounts/clients; and
  • Develop and maintain relationships with brokers and clients.

 

Key Responsibilities

  • Underwrite new and renewal accounts to meet top and bottom line targets.
  • Negotiate participation, pricing and terms and conditions with brokers.
  • Proactively manage capacity.
  • Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios for International Liability business.
  • Underwrite in line with International Liability governance framework (e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles).
  • Ensure contract certainty is achieved on all accounts at time of inception.
  • Ensure utilization of global pricing tools.
  • Ensure placing and binding of FAC Reinsurance prior to policy inception.
  • Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility).
  • Ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.
  • Proactively support completion of policy administration and credit control processes.
  • Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
  • Proactively liaise with MMC on market management initiatives.
  • Positively represent AGCS externally to the market.
  • Proactively drive involvement of functional areas in the underwriting process (e.g., MMC, ARC, Claims, and Operations).
  • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g., risk managers).

 

Key Requirements/Skills/Experience

  • Experience underwriting profitable International Liability business with an understanding of International Liability products and portfolio;
  • Established relationships with brokers and a willingness to write new business and retain existing accounts;
  • Good understanding of regional/local International Liability insurance markets and competitor landscape;
  • Understanding of legal and regulatory framework;
  • Experience working in complex, global matrix organization;
  • Ability to assess risk;
  • Ability to analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs;
  • Design, develop and implement consistent, robust contract wordings;
  • Knowledge of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, and cancellation;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions;
  • Ability to use general office application tools (e.g., Power Point, Excel, and Word;
  • Ability to persuade and motivate others to act, without executive authority; and
  • Bachelor’s degree in an appropriate discipline.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

 

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

 

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City