Vice President of Underwriting, P&C Captives
Philadelphia, PA
Full Time
Garnet Captive
Manager/Supervisor
Strategic Risk Solutions Inc. (SRS), the world’s largest independent insurance company manager, is growing and looking for a self-motivated and driven VP of Underwriting to join Garnet Captive – our division that administers group captive programs.
This in office-hybrid position requires an individual who has an underwriting expertise in Work Comp, Commercial Auto and General Liability Insurance. The position requires an ability to strengthen Garnet’s relationship with their carrier partners, negotiate new business and renewal submissions and interact with internal sales leads at Garnet, retail brokers, etc. The candidate must be able to balance diligence and detail orientation while not losing sight of the bigger picture.
About Strategic Risk Solutions
SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
Garnet Captive Services, LLC was founded in 2002 with the goal of providing causality insurance solutions for mid-sized employers. Garnet Captive partners with an established network of high-quality insurance agents to deliver comprehensive group captive solutions covering workers’ compensation, commercial auto, and general liability. Since 2002, Garnet’s group captive programs have been incredibly successful in reducing premiums, stabilizing cost, and providing control of employers’ insurance programs.
Offering a competitive salary and a comprehensive benefits package including life, medical, dental, 401k, and tuition reimbursement, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. SRS’ dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success.
EOE
For more information on SRS, please visit www.strategicrisks.com
For more information on Garnet, please visit www.garnetcaptive.com
This in office-hybrid position requires an individual who has an underwriting expertise in Work Comp, Commercial Auto and General Liability Insurance. The position requires an ability to strengthen Garnet’s relationship with their carrier partners, negotiate new business and renewal submissions and interact with internal sales leads at Garnet, retail brokers, etc. The candidate must be able to balance diligence and detail orientation while not losing sight of the bigger picture.
Responsibilities and Duties
- Create and execute business strategies for expansion of existing captive programs
- General market relationships – representing Garnet at relevant industry events and coordinating stewardship meetings with key carrier partners.
- Initial pre-screen of new business opportunities
- Coordination with sales lead on setting informal pricing expectations
- Oversight of full submission process – risk control, actuarial, questionnaires etc.
- Formal submission to fronting carriers and the associated discussion & negotiation
- Participation in renewal negotiations for group terms for all Garnet programs.
- Ongoing collaboration with business development on carrier appetites
- Keeping apprised of applicable industry knowledge and standards
Duties Attributes and Skills
- 5-10+ years of Casualty insurance experience, captive experience a plus
- Strong organizational/prioritization skills
- Self-direction and the ability to take ownership and drive responsibilities through to completion
- Excellent verbal, writing, and relationship-building skills
- Alignment with our Core Values (see https://www.garnetcaptive.com/)
- Flexibility to work from our Philadelphia, PA area headquarters
About Strategic Risk SolutionsSRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
Garnet Captive Services, LLC was founded in 2002 with the goal of providing causality insurance solutions for mid-sized employers. Garnet Captive partners with an established network of high-quality insurance agents to deliver comprehensive group captive solutions covering workers’ compensation, commercial auto, and general liability. Since 2002, Garnet’s group captive programs have been incredibly successful in reducing premiums, stabilizing cost, and providing control of employers’ insurance programs. Offering a competitive salary and a comprehensive benefits package including life, medical, dental, 401k, and tuition reimbursement, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. SRS’ dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success.
EOE
For more information on SRS, please visit www.strategicrisks.com
For more information on Garnet, please visit www.garnetcaptive.com
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