Executive Underwriter, Cyber and E&O

Westfield Insurance · New York City

Underwriters are responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, gross written premium, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients. This position is located in New York, NY and will report directly into Cyber Liability Northeastern Regional Leader.

RESPONSIBILITIES

Growing and managing a portfolio of profitable business focused on providing Cyber Liability & Technology and Miscellaneous Errors & Omissions coverage.
Compliance with underwriting guidelines, systems, and procedures to align with all underwriting and administrative guidelines
General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
Seek input from Actuarial Department to set process specific accounts when appropriate
Liaise with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability
Marketing – attend client/broker meetings, lunches, dinners, and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations
Stay current with respect to major industry issues and developments
Provide specific reports as needed by senior staff

CANDIDATE SKILLS, EXPERIENCE

4-year college degree required
Minimum 3 years underwriting experience; Cyber and E&O experience strongly preferred
Solid Writing and Communication Skills
Excellent organizational skills, and ability to multi-task
Ability to work independently in a fast-paced environment
Willingness to travel
Must be able to think originally, be willing to challenge ideas and be receptive to constructive feedback
Ability to be onsite in office 4 days week, where applicable

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

#wsp

Westfield Specialty is a prominent specialty insurance carrier, leveraging the financial strength of Westfield, a leading U.S.-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200. Westfield Specialty launched in 2021 and currently underwrites in the U.S., U.K., and Dubai, and has 400 employees globally. Our experienced team brings deep expertise to the specialty market and offers unique insurance solutions for specialized risks that helps protect businesses, recover losses, and assist in driving growth for clients.

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