Sweden Job Openings

Chubb

Casualty Middle Market Trading Underwriter

Gothenburg

FULL TIME

October 23, 2024

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly.
The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com .
In the Nordics we are an organization of 140 employees.
We are now looking for a Casualty Middle Market Trading Underwriter to join our team based in Gothenburg. Our Middle Market segment covers client revenue from USD 10m up to USD 500m.
This is a great opportunity to join an international and dynamic organization where you have all opportunities to learn and develop into senior experience within the Casualty insurance space. Chubb is a true underwriting company and we take pride in performing this craftsmanship with high standards.
Role purpose :
  • New business and broker relationship – estimated 80% of the role:
The main purpose of this role, based in Gothenburg, is to hunt, underwrite, quote and bind new
business within predominantly the Middle Market segment (MM):

  • Develop the MM business in Sweden
  • Underwrite new business within Middle Market
  • Develop and maintain strong broker relationships with the aim of building an adequate submission pipeline
  • Drive Cross Selling within the MM segment
  • Renewal and policy underwriting servicing – estimated 20% of the role:
Policy renewal and program servicing for allocated renewals with support from Operations and/or the Madrid Hub.
To ensure underwriting integrity through appropriate deployment of underwriting guidelines and
controls, consistency of approach towards risk selection, pricing, and the correct use of capacity
whilst recognizing market conditions.

Key responsibilities:
  • Underwrite new business according to defined underwriting guidelines, specified budget and local business plan
  • Sales Discipline:
    • To represent and promote Chubb to brokers increasing Chubb market visibility with special focus on assigned segments and brokers
    • Have a clear targeting and define a visit plan to brokers
    • Pipeline Management – build and maintain an adequate submission pipeline
    • Maximize cross selling in collaboration with other lines of business
    • Work closely with the Middle Market Segment Leader to ensure we optimize all new business opportunities, and that we build our brand within the broker community
    • Extend Chubb’s presence in the assigned segment
  • Portfolio Management:
    • In coordination with the Middle Market Segment Leader define and build an underwriting strategy, forecast and portfolio management (12- and 24-month profitability review of won accounts) in order to achieve underwriting profitability
    • Ensure quality control within defined area of responsibility by undertaking quantitative underwriting review to develop best performers segments
  • Compliance and procedures:
    • Comply with all policies, controls, authorities and reporting requirements
    • Work within the framework of Chubb service standards, meeting company standards in respect of policy documentation, timeframe for quoting new and renewal business and compliance issues
    • Support and coordinate with other areas to ensure the right running of the business: Claims, Operations, Finance etc
    • To work within the framework of Chubb ethical and service standards

Experience :
  • At least 3 years’ experience as an Underwriter or similar experience achieved in the insurance market
  • Experience of working in a multinational environment is an advantage
  • Experience with portfolio reporting and performance reviews
  • Knowledge of the local and/or Nordic insurance market
  • Experience and demonstrated good communication and commercial skills on business-to-business level
  • Experience of negotiating and attracting profitable business in accordance with company UW guidelines.
  • Understanding on how individual underwriting decisions impact on business results
  • Experience of participating in and executing on business projects and/or product development.
  • Strong computer skills and advanced user of Microsoft office: Word, Excel, Power Point, Outlook
Qualifications :
  • Demonstrated achievements, experience and skills in respect of liability insurance in combination with relevant academic qualifications such as a specialized Insurance Program or a bachelor’s degree in law, Business Administration, Economics or similar
  • Very good knowledge level of English, both spoken and written language

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