AmTrust Financial Services

Senior Underwriter - Medical Malpractice

AmTrust Financial Services$92K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of liability underwriting experience, preferably in medical professional liability or high-hazard risks
  • Bachelor's degree or equivalent experience preferred
  • Possession of RPLU or related insurance designations is a plus
  • Deep knowledge of E&S lines including risk classification, pricing, and compliance
  • Ability to implement strategic priorities for pricing and underwriting
  • Strong marketing and business development skills in the wholesale distribution channel

Responsibilities

  • Build and nurture new business opportunities through effective broker management
  • Analyze exposures and claims experience to develop competitive risk pricing
  • Achieve budgeted financial results for individual portfolios
  • Collaborate on corrective actions based on individual risk assessments
  • Ensure underwriting compliance with strategies and regulatory requirements
  • Stay informed on legal and regulatory changes to influence product development
  • Deliver prompt and precise quotes and endorsements to brokers

Benefits

  • Medical & Dental Plans
  • Life Insurance for employees and eligible dependents
  • Health Care Flexible Spending Accounts
  • Dependent Care Flexible Spending Accounts
  • 401k Savings Plans
  • Paid Time Off
  • Opportunities for career advancement
Full Job Description
Overview

Senior Underwriter – AmTrust E&S Insurance Services. This underwriting position is designed for an individual with a minimum of seven (7) years of Medical Professional Liability underwriting experience. Strong preference for a background in the E&S (excess & surplus) market writing Physician’s Professional Liability and/or medium to high hazard medical facilities Professional Liability insurance. Knowledge of individual account risks within the class, hazards by specialty, rating, pricing, and form selection as well as knowledge of industry standard company forms is required to properly underwrite risk.

 

With this opportunity, you will underwrite and manage a portfolio of hard to place medical professional liability risks with a focus on individual and small physician group Professional Liability with tougher exposures considered unique or challenging in accordance with AmTrust E&S guidelines, strategy and profitability standards. The person in this position is responsible for new business development, risk analysis and assessment, coverage evaluation, pricing and contract negotiation in order to maintain and develop a profitable portfolio of non-admitted primary liability risks.

Responsibilities

· Build and maintain a solid flow of new business opportunities, identifying opportunities for growth within new and existing production sources. Position has direct responsibility for broker development and management within a book of business.

· Develop risk pricing by analyzing exposures, claims experience, utilizing pricing tools and worksheets, comparison to similar risks, as well as experience in underwriting exposures pertaining to individual risks, for new accounts within assigned portfolio and authority level.

· Consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) as established for individual portfolios.

· Identify and take corrective action and/or collaborate with the appropriate area within the organization based on individual risk characteristics identified through broker reviews, large loss analysis, risk control, etc.

· Ensure compliance with underwriting strategies and regulatory requirements.

· Remain current on legal and regulatory changes and claim development in order to contribute to unit product development and portfolio decisions.

· Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.

Qualifications

· Minimum of 7 years of Liability underwriting experience preferred; high-hazard, complex risks, or E&S underwriting experience with a focus on Medical Professional Liability highly desired 

· BA/BS degree strongly preferred, or equivalent in experience

· RPLU or other related Insurance Designation(s) preferred

· Knowledge of commercial Excess and Surplus lines risk, classification, pricing and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.

· Able to understand and execute to strategic priorities including; pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management and mix of business.

· Strong knowledge of the E & S external market and demonstrated marketing and business development experience within the wholesale distribution channel.

 

The expected salary range for this role is $92,000-$130,000/year.

 

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

 

 

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What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

 

About AmTrust Financial Services

AmTrust Financial Services, Inc. is a multinational property and casualty insurance company. The company provides coverage for small businesses, workers' compensation insurance, extended warranty coverage, specialty risk and extended warranty coverage, and other insurance products. AmTrust Financial Services, Inc. was founded in 1998 and is headquartered in New York City. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol AFSI.
Learn more about AmTrust Financial Services
Size
8,000 employees
Industry
Founded
1998

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