Full-Time

Sr. Underwriter

Primary Casualty

Posted on 9/5/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Senior

No H1B Sponsorship

Richmond, VA, USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor’s Degree or five plus years related insurance experience and/or equivalent combination of education and experience.
  • Five years underwriting experience with authority, preferably in excess and surplus lines.
  • Proven track record of driving profitable growth.
  • Demonstrates an understanding and ability to effectively engage in the negotiation process.
  • Strong oral and written communication skills.
  • Previous insurance educational work, IIA and CPCU designation strongly preferred.
  • Detail oriented with initiative and the ability to work independently in a fast-paced environment.
  • Excellent analytical skills.
  • Ability to travel.
  • Advanced knowledge of computer programs, including Word, Excel, and Outlook.
Responsibilities
  • Review and price policies to verify acceptability based upon company underwriting guidelines and granted underwriting authority both primary and supported excess.
  • Utilize underwriting tools to determine accurate classifications, rates, and premium charges.
  • Interact in person, via email, and by phone with wholesale brokers to obtain further risk-specific details, negotiate terms and pricing, and explain company positions.
  • Manage assigned underwriting territory, including the performance (GWP, loss ratio) of assigned brokers.
  • Oversee and approve endorsements as indicated.
  • Resolve premium audit disputes within assigned territory.
  • Review state laws, including cancellation and non-renewal, within assigned territory to properly transact business within the state.
  • Create, analyze, and interpret data from various reports/dashboards.
  • Mentor less experienced team members.
  • Conduct educational sessions within the department.
  • Other duties as assigned.

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. Argo distinguishes itself from competitors by its commitment to corporate responsibility, community engagement, and fostering an inclusive workplace. The company's goal is to ensure mutual success for its clients while actively participating in initiatives that promote diversity, sustainability, and disaster relief.

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 expertise.
  • The rise of parametric insurance products offers expansion opportunities in niche markets.
  • AI integration in underwriting improves risk assessment accuracy for Argo's services.

What critics are saying

  • Leadership changes may lead to strategic instability post-acquisition by Brookfield Reinsurance.
  • Talent drain could impact operations, as seen with departures to competitors.
  • Focus on niche markets exposes Argo to sector-specific risks with new leadership.

What makes Argo Group unique

  • Argo specializes in niche markets like construction, marine, and energy sectors.
  • The company offers tailored insurance solutions for complex and unique risks.
  • Argo is committed to corporate responsibility and community engagement.

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