As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years.
We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.
Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite.
Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A+ XV ratings.
Provides support to the underwriting process, making appropriate decisions within own underwriting assigned authority levels. Reviews insurance applications and processes accounts. Projects a professional company image through internal and external customer interaction.
• Assesses new and renewal accounts to determine acceptability based upon NIC underwriting guidelines and authority granted.
• Reviews new and renewal accounts to verify issuance is in compliance with NIC underwriting guidelines, addresses discrepancies as needed, and enters information into appropriate systems.
• Establishes types and limits of coverage to be provided.
• Creates, analyzes and interprets data from various systems and underwriting resources.
• Responsible for monitoring production, profitability, and maintaining agency relationships.
• Collaborates with underwriting team as well as other departments on underwriting philosophy.
• Effectively communicates (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained.
• Consults with agency staff to obtain additional information on existing accounts.
• Promotes consistency amongst underwriting teams by contributing knowledge and soliciting feedback relative to underwriting philosophy and company goals.
• Maintains confidentiality with discretion and integrity with both internal and external information.
• Maintain familiarity with state laws and filing requirements within assigned territory to properly transact business within a state.
• Consults with underwriting team to determine if reinsurance is needed, and negotiates terms with designated reinsurer companies.
• Identifies and recommends changes to policy verbiage when standard text is not appropriate. Seeks manager approval before implementing.
• Monitors the amount of insurance in force on a single risk or group of closely related risks. Evaluates possibility o f catastrophe losses and takes necessary action, as needed.
• Occasionally requested to assist with the development of special programs, underwriting procedures, and educational seminars.
• Composes reports and business correspondence such as travel summaries, agendas, and meeting minutes.
• Coordinates internal and/or external visits including but not limited to scheduling meetings, confirming staff availability, and arranging meals/entertainment.
• Provides guidance and support to less experienced team members within the department.
• Performs other duties as assigned.
• Processes applicable state forms.
• Maintains familiarity with rule and rate filings.
• Utilizes various underwriting tools to determine accurate classifications and calculates rates and premium charges by using approved rating methods.
• Reviews state laws and filing requirements within assigned territory to properly transact business within a state.
• Calculates rates and premium charges by using approved rating methods in accordance with current state filings.
• Assesses issued policies to assure that the proper policy forms have been attached in accordance with current state filings.
Monitors state laws and filing requirements within the assigned territory to properly transact business within a state.
• A minimum of one to two (1-2) years of experience as an Associate Underwriter.
• Excess and Surplus lines background is beneficial.
• Basic knowledge of computer programs in a Windows environment, including Word, Excel and email.
• Capability to learn and utilize various underwriting applications to determine accurate classifications and calculate rates and premium charges using approved rating methods.
Admitted position only: Experience in handling admitted business preferred.
• Bachelor's degree; or at least two years of experience in a business or related field; or an equivalent combination of training and experience that provides the required knowledge, skills, and abilities.
• AIS, ASLI, and AU designations or completion of other insurance related classes is preferred.