Underwriter - Special Risks

Overview

This is a hybrid position requiring 3 days in office at either our Hartford, CT or New York, NY office location. We may consider someone for a Senior Underwriter role with the right experience.

At Cap Specialty, we are a specialty underwriting company being driven by well-informed, entrepreneurial and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and set of three guiding principles rooted in customer-centricity, employee excellence and corporate culture.

We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewards here.

Cap Specialty is seeking an Underwriter for our Special Risks team who underwrites individual risks for acceptability, pricing, coverage, terms and conditions, by evaluating information and exposure based on company underwriting guidelines and standards. Responsible for business development and growth through building relationships with assigned agency partners and applying sound decision-making to underwrite business that contributes to a profitable portfolio.

• Evaluate new/renewal business referrals or requests to determine acceptability based on company underwriting guidelines and appetite.
• Complete internal policy review audits to meet company guidelines.
• Establish and maintain broker relationships with key agency partners to optimize underwriting profit.
• Provide excellent customer service by prioritizing tasks, responding to inquiries in a timely manner and assisting with technical issues.
• Demonstrate an understanding of all our product offerings, pricing and coverages.
• Ability to interpret and effectively communicate coverage forms and underwriting guidelines.
• Assist in the development of underwriting guidelines, applications and initiatives.
• Effectively communicate and collaborate with other departments to evaluate and resolve problems or issues of common concern.
• Review inspection reports for accuracy in a timely manner and take appropriate actions when needed.
• Meet internal service level goals on a consistent basis.
• Obtain new business opportunities through proactive phone calls and/or establish and maintain excellent broker rapport and make broker visits.
• Provide feedback to management on market conditions, competitor info, and broker movements through discussions with assigned brokers and trade associations.

None.

• Knowledge of insurance contracts, basic accounting, risk management techniques, and state regulations.
• Strong written and verbal communication skills.
• Ability to think clearly and quickly, multitask, and work independently as well as with others.
• Good analytical and problem solving skills.

• Bachelor’s Degree, or equivalent.
• 3 – 5 years of underwriting experience with an Excess & Surplus carrier and prefer candidates with existing wholesale producer relationships.
• Completion or continuing work towards industry certification (i.e. CIC, IIA, CPCU) is preferred and encouraged.

• Prolonged periods of sitting at a desk and working on a computer.
• May be required to lift up to 15 lbs. at times.
• Customary business travel, including air and car travel, may be required.

Cap Specialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering casualty, professional liability, surety and fidelity products in all 50 states and the District of Columbia. By working with select partners through a limited distribution model, Cap Specialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results.

Cap Specialty is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visit

Apply today!

Equal Employment Opportunity Employer