What are the responsibilities and job description for the Executive Underwriter (Primary Casualty) position at Palomar?
Marketing Description :
We are Hiring!
Executive Underwriter (Primary Casualty)
Location : La Jolla, CA, or Edina, MN
Why choose Palomar?
Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.
Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.
Want to learn more about our exciting journey? Go to plmr.com to learn more. Investor Relations - Palomar Holdings, Inc.
The Details :
We are looking for an experienced Executive Underwriter for our admitted primary casualty lines. In addition to producing and managing a profitable book of business through the development of relationships with existing and potential brokers and customers, you will be responsible for identifying, onboarding, training and managing a team of Associate Underwriters and Senior Underwriters. Working in conjunction with Casualty Management, Actuarial, Claims, Compliance, UW Services, Marketing and Ceded Re, you will be charged with identifying, developing, and expanding the current Southwest Territory into other regions of the US where Palomar is active and profitable.
What will you do? (Job Duties)
- Select, price, quote and review new & renewal business in accordance with company underwriting guidelines and experienced underwriting judgment.
- Independently work with assigned distribution channel to appropriately select risks, evaluate and recommend program structure, services and pricing to achieve a balanced portfolio and long-term profitability.
- Establish and maintain strong business relationships to develop new opportunities as well as visit brokers / producers to retain existing accounts in support of the producer and territory management plan.
- Be well versed in underwriting General Liability, Business Auto and Excess Liability for contractors.
- Independently review underwriting information to assess risk quality and compliance within company guidelines.
- Evaluate reinsurance requirements and implement appropriate action.
- Lead the identification, onboarding, development, coaching, and management of the admitted primary lines underwriting team, sharing knowledge of industry-specific specialty with underwriters of all levels and being seen as a technical underwriting resource.
- Communicate and collaborate across disciplines to establish and maintain relationships to achieve organizational and policyholder success.
- Actively continue to improve personal knowledge and practices of the insurance industry through work experience, in-house instruction, insurance specific designations (e.g. CPCU), industry courses, home office seminars and workshops, etc.
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