A constellation in the southern hemisphere, Vela means "sails of a ship" in Latin. In 1996, Vela Insurance Services began operations writing excess and surplus lines casualty business. In the beginning, the primary focus was on construction and manufacturing risks but expanded to write a variety of general casualty and professional liability classes. Today, we offer both national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
To evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the companys underwriting guidelines and procedures for commercial risks with a focus on non-admitted General Liability and Excess limits for contractors, owners interest and products/manufacturing liability risks. Manage and maintain good Wholesale Broker relationships. Meet and maintain the production, profitability, and service standards established for the company. Assist in building appetite and risk selection guidelines for new classes of business to be added according to market place changes and opportunities.
Adhere to underwriting authority level as per on file with Manager.
Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
Meet/Exceed production, profitability, and service targets.
Ability to research and solve more complicated problems and make decisions.
Determine final coverages and pricing for commercial risks.
Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategy for dealing with exposures and frequency issues.
As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business.
Maintain quality and time standards as established.
Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills.
Identify and cultivate brokers with new business opportunities.
Perform other duties as assigned.
3-5 years commercial lines underwriting experience
Knowledge of writing small business accounts
Four (4) year College Degree, or commensurate experience and training
Industry designations preferred: AINS, CRIS, ASLI, CPCU
The Company is an equal employment opportunity employer.
COVID-19 vaccine required unless prohibited by law.
Job ID: 2022-7343
Name: Vela Insurance Services
External Company Name: Berkley
Street: 2 Ravinia Drive
Additional Company Details: The Company is an equal employment opportunity employer.
Additional Requirements: COVID-19 vaccine required unless prohibited by law.