Full-Time

Chief Underwriting Officer-Rockwood Products

Posted on 8/27/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Compensation Overview

$248.5k - $306.1kAnnually

+ Annual Bonus

Senior, Expert

No H1B Sponsorship

Stonycreek Township, PA, USA + 1 more

More locations: New York, NY, USA

Hybrid role requiring at least three days per week on-site at Rockwood, PA office.

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • 15+ years of experience
  • Bachelor's degree or CPCU required
  • Ability to say no as tactfully as saying yes
  • PA Insurance Producer’s License required
  • Proficient in the use of computer programs, including Word, Excel, Outlook, PowerPoint and Access
Responsibilities
  • Develop underwriting strategies which produce expected profitability and are consistent with the Company’s overall strategy
  • Comply with all statutory laws, regulations and protocols
  • Ensure compliance with all reinsurance treaties
  • Manage and control facultative reinsurance placements
  • Ensure resources are properly planned and maintained in all areas of responsibility
  • Lead underwriting planning
  • Lead change
  • Train, mentor, coach and supervise all direct reports and all constituents who affect Rockwood customers
  • Manage the execution of the Rockwood’s service model
  • Manage and integrate the Underwriting and Loss Control teams
  • Delegate underwriting authority as appropriate.
  • Operate within established Line of Authority (LOA) and obtain any required approvals that may fall outside of that authority
  • Advance knowledge of Rockwood products and service capabilities
  • Advance process improvements and support efforts that will increase productivity and efficiency
  • Produce various reports for both internal and external stakeholders
  • Enhance and manage the Company’s marketing strategy
  • Direct all facets of product sales and services
  • Monitor and manage rate, product form, and rule changes
  • Monitor losses and direct appropriate underwriting action and loss control resources
  • Communicate accurately and clearly both orally and in writing
  • Maintain constant review of changes in the marketplace for potential new business opportunities
  • This position will require communicating both corporate changes as well as changes from the various insurance industry regulators to subordinates

Argo Group operates in the specialty insurance market, providing customized insurance solutions for businesses and individuals facing unique or complex risks. The company focuses on industries with higher risk profiles, such as construction, marine, and energy, allowing it to offer expert risk assessment and management services. Argo generates revenue through premiums paid by policyholders, which are then invested to create additional income. This approach, combined with effective claims management, helps maintain profitability. Unlike many competitors, Argo emphasizes corporate responsibility and community engagement, participating in initiatives related to diversity, environmental sustainability, and disaster relief. The company's goal is to foster long-term relationships with clients while promoting an inclusive workplace that supports personal and professional growth.

Company Stage

IPO

Total Funding

$17.9M

Headquarters

Pembroke, Bermuda

Founded

1996

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital insurance platforms aligns with Argo Interactive's mobile services.
  • The rise of parametric insurance products offers expansion opportunities in niche markets.
  • AI integration in underwriting improves risk assessment, benefiting Argo's specialty services.

What critics are saying

  • Leadership changes may lead to strategic instability post-Brookfield acquisition.
  • Talent drain, such as departures to competitors, could impact Argo's operations.
  • Brookfield's acquisition may shift company priorities and lead to restructuring.

What makes Argo Group unique

  • Argo specializes in niche markets with unique risk profiles like construction and marine.
  • The company offers tailored insurance solutions not typically covered by standard policies.
  • Argo's commitment to corporate responsibility enhances its reputation and client relationships.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Caregiver Leave

Paid Parental Leave

Paid Bereavement Leave

Military Leave

Employee Assistance Program (EAP)

Wellness Program

Employee Referral Bonus

INACTIVE