Full-Time

Binding Authority Underwriter

Garage

Posted on 7/14/2026

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Specialty insurance brokerages and underwriting programs

Compensation Overview

$78.8k - $80k/yr

+ Bonus

Kansas, USA + 3 more

More locations: Kansas City, MO, USA | Springfield, MO, USA | Missouri, USA

Hybrid

Hybrid role; remote option available for MO-based candidates.

Category
Finance & Banking (1)

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Requirements
  • 2+ years of commercial insurance underwriting experience, preferably within Binding Authority, MGA, or Wholesale environments.
  • Experience underwriting Garage business, including evaluating risks, coverage forms, and carrier guidelines.
  • Knowledge of commercial property and casualty insurance principles.
  • Experience reviewing applications, loss runs, inspections, and supporting underwriting documentation.
  • Ability to interpret and apply carrier underwriting guidelines.
  • Strong analytical, organizational, and problem-solving skills.
  • Excellent verbal and written communication skills.
  • Ability to manage multiple priorities while maintaining accuracy and responsiveness.
Responsibilities
  • Underwrite and manage Garage renewal and new business accounts in accordance with underwriting authority and carrier guidelines.
  • Assess, analyze, and price renewals, new business submissions, and policy endorsements.
  • Review applications, loss history, inspection reports, and supporting documentation to evaluate risk acceptability.
  • Determine appropriate classifications, exposures, coverage forms, endorsements, credits, and debits.
  • Analyze risks and recommend coverage solutions that support profitability and long-term portfolio performance.
  • Utilize carrier portals and underwriting systems to review risks, obtain quotes, and process transactions.
  • Compare renewal accounts against new submissions and identify opportunities for growth and retention.
  • Communicate underwriting decisions, quote terms, conditions, and coverage recommendations to agency partners.
  • Maintain accurate underwriting documentation and clearly document underwriting rationale within files and systems.
  • Ensure timely issuance of policies, endorsements, and renewal transactions.
  • Manage broker and agency relationships through responsive service and ongoing communication.
  • Follow referral and underwriting authority guidelines while maintaining compliance with carrier and regulatory requirements.
  • Collaborate with underwriting, operations, and carrier partners to address complex risks and coverage questions.
  • Monitor market conditions, carrier appetite, and underwriting trends impacting Garage business.
Desired Qualifications
  • 3+ years of Binding Authority underwriting experience.
  • Experience underwriting Garage operations, including repair shops, service operations, dealers, towing, or related risks.
  • Experience working with carriers such as Colony Specialty, Atlanta Casualty, Core Specialty, or similar markets.
  • Bachelor's degree in Business, Risk Management, Finance, Insurance, or a related field.
  • Relevant industry designations such as CPCU or CIC.
  • Experience supporting both renewal retention and profitable new business growth initiatives.

Ryan Specialty provides specialty insurance products and solutions to insurance brokers, agents, and carriers. It operates through three segments: Wholesale Brokerage (RT Specialty) to place complex risks, Binding Authority for managing general underwriters to quote and service policies, and Underwriting Management to develop proprietary programs under delegated authority. The company differentiates itself by combining broker access, delegated underwriting authority, and proprietary programs to serve hard-to-place risks, with a strong US presence and international reach. Its goal is to deliver tailored risk solutions for specialty and hard-to-place risks while expanding its international specialty insurance market.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2010

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Simplify Jobs

Simplify's Take

What believers are saying

  • Organic revenue grows 13.5% with 21.2% annual revenue and 19.2% free cash flow margin.
  • Acquires SSRU, 360 Underwriting, and Innovisk to expand Canadian, Irish, and P&C capacity.
  • Raises $400M reinsurance sidecar for $900M multi-year premium in cat risks.

What critics are saying

  • Integration failures from 2024-2025 acquisitions overload operations and dilute focus.
  • MediaAlpha's 69.4% growth bypasses brokers, eroding wholesale margins.
  • $600M notes strain cash flow amid rising rates, limiting reinvestment.

What makes Ryan Specialty unique

  • Ryan Specialty channels complex risks via Wholesale Brokerage, Binding Authority, and Underwriting Management segments.
  • RT Specialty leads as second-largest US wholesale broker with $2.4B 2024 revenue.
  • Specializes in E&S lines like property, casualty, and workers' compensation for hard-to-place risks.

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Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

15%

1 year growth

15%

2 year growth

17%
Yahoo Finance
Mar 11th, 2026
Ryan Specialty and MediaAlpha are small-cap stocks to target, while EverQuote lags behind

MediaAlpha, an insurance marketplace technology platform, has demonstrated strong momentum with 69.4% annual revenue growth over the past two years. The company, which connects insurance carriers with consumers, is trading at a market capitalisation of $544.6 million. The platform processes nearly 10 million consumer referrals monthly across property, casualty, health and life insurance products. Forecasted revenue growth of 11.8% for the next 12 months suggests sustained momentum. Earnings per share growth of 564% annually has significantly outpaced revenue expansion, indicating improving profitability as the business scales. Ryan Specialty, a wholesale insurance broker founded in 2010, posted impressive metrics including 21.2% annual revenue growth and a robust 19.2% free cash flow margin. The company trades at $4.73 billion market capitalisation.

Yahoo Finance
Feb 3rd, 2026
Ryan Specialty tops Wall Street picks with 36% upside, while Mister Car Wash and Donnelley Financial face headwinds

Ryan Specialty, a wholesale insurance broker founded in 2010, is attracting Wall Street attention with a consensus price target of $64.31, implying 35.5% upside. The company has demonstrated strong organic revenue growth averaging 12.8% over the past two years. Ryan Specialty's earnings per share grew 23.1% annually over the last two years, significantly outpacing peers. The company maintains a robust free cash flow margin of 18.9%, enabling consistent capital reinvestment and returns. Meanwhile, analysts remain bullish on Mister Car Wash and Donnelley Financial Solutions despite concerning fundamentals. Mister Car Wash faces weak same-store sales trends and high debt levels, whilst Donnelley Financial Solutions has seen sales decline 3% annually over five years. Independent analysis suggests caution on these stocks despite Wall Street's optimistic price targets.

Insurance-Canada.ca
Nov 7th, 2025
Ryan Specialty Acquires Stewart Specialty Risk

Ryan Specialty has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Canadian managing general underwriter based in Toronto. SSRU, founded in 2016 by Stephen Stewart, specializes in high-hazard property and casualty solutions and will join the Ryan Specialty Underwriting Managers division. SSRU has a strong distribution network across all 13 Canadian provinces and territories.

Artemis
Sep 5th, 2025
Ryan Specialty raises $400M reinsurance sidecar

Ryan Specialty launched a collateralized reinsurance sidecar, Ryan Alternative Capital Re, Ltd., raising $400 million, backed by Flexpoint Ford and Sixth Street. This vehicle supports Ryan Specialty Underwriting Managers' P&C insurance business, providing $900 million in multi-year premium capacity. The initiative, in collaboration with AXIS Capital and Lloyd's of London, aims to enhance specialty cat and non-cat risk capacity. Deutsche Bank Securities acted as the structuring and placement agent.

Business Wire
May 21st, 2025
Ryan Specialty Acquires 360° Underwriting

Ryan Specialty enters Ireland with acquisition of 360 Underwriting.

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