Marine - Underwriter Specialty (FWA)

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.

Hanover Marine is seeking a market facing, sales-minded Underwriter in our Specialty Division to join our growing Inland Marine team in Texas.  

The Hanover is a diverse and inclusive organization focused on hiring the best talent and we encourage all qualified professionals to apply.  We will consider all qualified applicants.   

At the Hanover we also understand that life and the workplace have changed so we are reimagining the workplace and provide flexible work arrangements.  We will consider 100% remote for the right individual.  Must be based in Texas with occasional office presence as needed.

Position Overview: This position is the first formal underwriting level within the Marine Specialty. This role provides strategic oversight and guidance with entry level underwriting authority, along with responsibility for applying underwriting concepts to evaluate and bind new and/or renewal accounts. With support from the local team, you’ll partner with agencies to produce profitable business focusing on quality production, while achieving service and quality standards. This individual will manage an assigned book of business, generally with low to moderate technical complexity and coordination, all while demonstrating an emerging understanding of Hanover’s strategies and appetites.

We encourage all Inland Marine Underwriting professionals looking to join a dynamic & collaborative team to apply.

This is a Full-time/Exempt role.

IN THIS ROLE YOU WILL**:**• Develops understanding and applies sensible judgment on when to garner additional expertise or support in decision making.

• Demonstrates ability to make sound underwriting decisions based on available information, utilization of resources, and review with others.

• Understands and can articulate business line and Specialty business strategy and executes in accordance.

• Develops and strengthens agency relationships and core sales capabilities through application of learned sales techniques while developing an understanding of proper portfolio management.

Technical Underwriting:

• Builds familiarity and expertise in all UW systems needed to inform UW practices.

• Knows and applies underwriting concepts including risk selection, exposure and hazard identification and control, coverage implications, and loss analysis.

• Develops an understanding of what measures of profitability are used within own business area.

• Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price individual risks.

Portfolio Management & Financial Acumen:

• Develop a solid understanding of business appetite and pipeline practices to ensure a steady stream of targeted business opportunities.

• Manages assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business and portfolio management goals (added from specialist segment)

• Developing financial acumen to understand various profit levers (e.g. loss ratio by LOB, combined ratio, etc.).

• Begins to develop ability to analyze underwriting and financial data and impact to management of risk.

• Familiarizes oneself with other Hanover departments for leveraging growth in areas of business where portfolio could be more balanced

• Travels with the local team to meet with agents on UW matters which include, but are not limited to: marketing THG capabilities, evaluating pricing, and discussions regarding new and renewal business.

WHAT YOU NEED TO APPLY**:**• Bachelor’s Degree or equivalent work experience, insurance background preferred.

• Generally, 2-5 years of underwriting experience.

• Communication - actively seeks to understand when there is lack of clarity, able to clearly articulate and express points of view and perspectives both verbally and in writing.

• Judgement and Decision Making – able to apply logic to decisions identifying and evaluating risks and implications.

• Agile and Adaptive – ability to work in a fast paced, highly dynamic environment. Able to shift focus and manage new and changing situations.

• Teamwork and Collaboration – seeks opportunities to share information and offer ideas that will allow others to benefit or succeed. Shows respect for differences and diversity in ideas and views.

• Prioritization and Desk Management – takes personal ownership for the management workload and output. Applies understanding of business workflows and processes to determine focus and urgency needed. Understands and applies best practices and performance standards to work product.

CAREER DEVELOPMENT:

It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.

Benefits include:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)
• Click here for the full list of Benefits

EEO statement:

The Hanover values diversity in the workplace and among our customers.  The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.  

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.” 

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities.  Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: [email protected] and include the link of the job posting in which you are interested.

Privacy Policy:

To view our privacy policy and online privacy statement, click here.  

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here**.
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