Full-Time

Senior Property and Casualty Underwriter

Updated on 3/14/2025

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Compensation Overview

$103.6kAnnually

+ Bonus

Senior, Expert

Exton, PA, USA

Category
Insurance
Finance & Banking
Required Skills
Risk Management
Customer Service
Requirements
  • Minimum of 8 years of experience in Property and Casualty Underwriting with a Bachelor’s degree or 6 years and a Master’s degree is preferred.
  • Bachelor’s degree required, Master’s degree preferred; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
  • Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC)
Responsibilities
  • Oversees and strategically manages workflows for new property and casualty business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.
  • Evaluates, prioritizes, and selects submissions and prices risks that will develop an underwriting profit for the carrier, refers or declines risks that present excessive risk.
  • Drives risk assessment comprehensively, evaluating factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.
  • Determines appropriate coverage limits, insurance premiums, policy terms based on risk assessment, ensuring active portfolio management of complex property and casualty accounts.
  • Negotiates terms and conditions with the broker, recognizes and creates cross sell opportunities for other products while ensuring compliance with regulations and guidelines.
  • Develops strategic initiatives to create new business opportunities, maximizes retention of assigned portfolios and contributes significantly to achieving business targets.
  • Manages internal and external relationships that will deliver superior customer service.
  • Develops professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.
  • Partners with underwriting teams, fosters seamless communication, and optimizes task coordination to support the overall underwriting process.
  • Provides accurate premium forecasts and business plans, contributes to budgeting processes and supports the achievement of performance targets.
  • Optimizes underwriting processes, introduces new technologies, and aligns the department with broader organizational goals.
  • Delivers training for new underwriters on underwriting guidelines, processes, and systems.
  • Attends industry events and stays abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjust underwriting strategies, accordingly.
Desired Qualifications
  • Master’s degree preferred; Risk Management, Actuarial and Business Administration preferred.
  • Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC)

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Castel Underwriting enhance Ryan Specialty's competitive edge in specialty insurance.
  • Financial optimization through loan repricing improves profitability and investment capacity.
  • Expansion in Chicago reflects scaling operations to increase market share.

What critics are saying

  • Integration of multiple acquisitions may pose operational challenges and distract management.
  • Rising interest rates could impact the cost of capital and borrowing.
  • Expansion into new office space may lead to increased operational costs and inefficiencies.

What makes Ryan Specialty unique

  • Ryan Specialty focuses on strategic acquisitions to expand product offerings and geographical reach.
  • The company successfully repriced its term loan, reducing annual cash interest expenses.
  • Ryan Specialty plans to expand into new office space in Chicago, supporting operational growth.

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Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support

Company News

Business Wire
Jan 8th, 2025
Ryan Specialty Signs Definitive Agreement to Acquire Velocity Risk Underwriters

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire

Coverage
Nov 5th, 2024
Ryan Specialty completes acquisition of Innovisk Capital Partners

Innovisk generated approximately $58 million of operating revenue for the 12 months ended July 31, 2024.

Business Wire
Sep 9th, 2024
Ryan Specialty, LLC Upsizes and Prices $600 Million of Senior Secured Notes

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced that Ryan Specialty,

Business Wire
Aug 2nd, 2024
Ryan Specialty Signs Definitive Agreement To Acquire US Assure

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance intermediary, is pleased to announce it has signed a definitive agreement to

Stock Titan
May 1st, 2024
Ryan Specialty Acquires Castel Underwriting

Ryan Specialty, an international specialty insurance firm, has completed the acquisition of Castel Underwriting Agencies, a Managing General Underwriting platform. This acquisition brings new products and facilities to Ryan Specialty, expanding its offerings to clients and trading partners. The enhanced leadership team aims to accelerate the formation of new entities in the region. No financial details of the acquisition were disclosed.