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W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

Subsidiary President/CEO

InsuranceConfirmed live in the last 24 hours
Full-timeGreenwich, CT, USA$350k - $450k

About the Job

Requirements

  • A minimum of 20 years of commercial lines underwriting experience is required.
  • A BA/BS degree is required.
  • Prior demonstrated success creating, presenting, and executing a strategy that built profitable and growth-oriented commercial lines underwriting businesses is required.
  • Must understand the importance of a strong value proposition and how to leverage niche distribution relationships appropriately.
  • Must demonstrate the ability to translate vision into logical connections between market realities, goals, strategy, tactics, and results.
  • Must demonstrate success getting groups to work together, holding others responsible for their actions, and moving teams from the current state to a future state by capitalizing on innovation.
  • Must be able to thrive in a results-oriented and entrepreneurial environment.
  • Must be immediately credible with internal and external constituents, including industry peers, distribution networks, brokers, and customers.
  • Must be externally competitive and internally collaborative, setting a strong example through words, tone, and actions.
  • Must be highly attentive to operational and financial details, well organized, and a disciplined planner with solid communication skills.
  • Must be able to listen effectively and drive efficient decision-making without creating bureaucracy.
  • Must have an entrepreneurial mindset balanced with strategic and operating skills.

Responsibilities

  • Manage virtually all aspects of the stand-alone operating unit.
  • Provide leadership and direction to the entire team, including underwriting, claims, actuarial, marketing, technology, and finance, and develop and execute strategies that deliver high risk-adjusted financial returns and growth while managing risk.
  • Model the company's cultural norms, including integrity, honesty, and the highest level of business ethics.
  • Drive shareholder value through appropriate risk-adjusted returns.
  • Leverage the successful attributes of the parent company while developing strategies to further company growth and profitability.
  • Assess organizational structure and hiring requirements to meet the current and future needs of the business.
  • Report regularly to the EVP and quarterly to the parent company's CEO, President, CFO, and Chief Actuary.
  • Set and drive strategic and operational objectives that deliver short-term successes and progress toward long-term goals.
  • Monitor objectives for financial returns, risk management, marketing, and competitive advantages.
  • Position the company in the market as a preferred partner.
  • Inspire the team to use its business knowledge creatively and explore future business opportunities.
  • Drive underwriting excellence through engagement in the business, data and analytics, and regular company-wide communication.
  • Achieve continued profitability, growth, and operational efficiency by managing the business, underwriting profitability, claims, and expenses.
  • Create a culture in which teams develop industry knowledge, take ownership of the business, and deliver value to stakeholders.
  • Work from the operating unit headquarters office daily.

About the Company

W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

W. R. Berkley Corporation underwrites commercial property and casualty insurance and provides reinsurance globally. It operates two segments: Insurance, with 53 units worldwide and lines such as excess and surplus, commercial auto, and workers’ compensation; and Reinsurance & Monoline Excess, offering reinsurance and excess coverage to other insurers and self-insured entities. It earns money from premiums and from its investment portfolio. The company differentiates itself with a broad multinational underwriting platform and a dual focus on underwriting profitability and investment management, serving clients from small businesses to large corporations across many industries. Its goal is to deliver risk transfer and financial protection to customers while generating steady underwriting results and investment returns for shareholders.

Company size
Not listed
Company stage
IPO
Headquarters
Greenwich, CT
Founded
1967

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