Berkley

VP, Technology E&O and Cyber

Location Name DE, Wilmington
ID
2024-10141
Date Posted
4 months ago(2/29/2024 1:53 PM)
Company
Berkley Technology Und
Primary Location
US-DE-Wilmington
Category
Underwriting

Company Details

Berkley Tech Und_Logo

 

We are a global insurance provider offering property, casualty and professional insurance coverage for clients with technology exposure and technology firms worldwide.

Responsibilities

Serve as the strategic, operational, and motivational leader of Underwriting in support of delivering profitable growth and providing excellent community, employee, and customer relations.

 

Product Management Leadership

  • Management and oversight of the Technology E&O and Cyber line of business. This includes managing and ensuring financial initiatives are met on an annual basis.  Those initiatives include profit, premium retention, growth and rate for the Technology E&O and Cyber line of business.
  • Work with CUO on developing and maintaining proprietary coverage forms and endorsements and work closely with legal, claims and regulatory staff to ensure program needs are met.
  • Create and update applications to ensure proper selection and pricing.
  • Work with Actuarial to manage and monitor overall pricing practices and rate targets.
  • Development and execution of marketing materials.
  • Establish and manage underwriting guidelines and procedures.
  • Recommend underwriting authority to CUO and monitor compliance.
  • Continually work with legal, actuarial, and claims to maintain familiarity with current issues and trends that impact our business.
  • Work with CUO, President and Corporate Reinsurance on treaty reinsurance coverage placement and adequacy.
  • Keep abreast of competitor products and create internal product comparisons for our underwriting team.

Underwriting Management

  • Provide leadership and direction on business opportunities, pricing, retention analysis, loss control needs, and account stewardship.
  • Identify product experts within each territory to mentor on an ongoing basis.
  • Conduct audits for quality control and conduct training where needed.
  • Establish key metrics, which are to be monitored, managed and reported monthly.
  • Coordinate sales and marketing efforts with field underwriting leadership.
  • Conduct SOX testing and documentation.
  • Manage vendor relationships with Moxfive, Netdiligence and Bitsight.

Training and Education

  • Create training materials to present both internally and externally.
  • Provide internal and external training and education to our underwriting team members and producers on our products and capabilities.
  • Provide ongoing education to our underwriting team relating to professional and cyber industry exposures.

Additional Marketing-Related Functions

  • Visit and develop rapport with producer partners, as appropriate.
  • Provide product presentations in person or via web call as appropriate.

 

May perform other functions as assigned

Qualifications

  • Minimum of 7 years of professional liability underwriting experience.
  • Product management experience.
  • Strong decision-making skills.
  • Strong verbal and written communication skills.
  • Ability to lead and motivate staff and with a successful track record of doing the same.
  • Strong interpersonal and leadership skills.
  • Understanding of trending, development, and pricing and experience partnering with Actuarial.
  • Excellent PC skills and a working knowledge of Windows environment.
  • Experience with “paperless” underwriting file workflow systems preferred but not required.
  • Four-year college degree or equivalent experience

 

Additional Company Details

The Company is an equal employment opportunity employer

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

https://www.berkley-tech.com/

Additional Requirements

Travel: Occasional travel, some overnight.

Sponsorship Details

Sponsorship not Offered for this Role

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed

Connect With Us!

Not ready to apply? Connect with us for general consideration.