Underwriter, Management Liability - Private and Non-Profit

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world-class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Ascot is embedding artificial intelligence (AI) and automation across the organization to enhance decision making, efficiency, and quality of outcomes. In this role, you will be expected to work confidently alongside AI-enabled tools, apply sound judgment when interpreting insights, and adapt as technology continues to evolve. We value curiosity, critical thinking, and a willingness to embrace change as part of how we work.

Position Overview:

Ascot U.S. is looking for an Underwriter to join our Private and Non-Profit team based in our New York office. The Underwriter is responsible for profitably growing our private company and nonprofit management liability book.  

Responsibilities:   

• Underwrite new and renewal Management Liability business for private companies and non-profit organizations.

• Analyze financial statements, operations, governance structures, and loss experience.

• Evaluate D&O, EPL, Fiduciary, Crime, and related management liability exposures.

• Develop and maintain wholesale broker and client relationships and manage distribution within assigned territories.

• Negotiate pricing, terms, conditions, retentions, and coverage enhancements.

• Monitor portfolio profitability and underwriting performance.

• Collaborate with claims, actuarial, legal, and product development teams to ensure that the products are performing as designed, that we have a ground-up view of the loss scenarios, and take appropriate remediation action as needed

• Maintain underwriting documentation and comply with underwriting authority guidelines.

• Manage underwriting production with integrity, focusing on profitability and across a range of management liability insurance products

• Use internally generated, and third-party data to improve the productivity of the group and our customer service 

• Conduct marketplace research to develop underwriting tools that will assist in improving the portfolio

• Commit to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability

Requirements:

• Bachelor’s Degree

• A minimum of 2 years of Management Liability or Financial Lines underwriting or broker experience 

• Demonstrated success in developing and maintaining solid relationships with all internal and external business partners

• Excellent communication, interpersonal and presentation skills

• An ability to think analytically about business problems, make recommendations and propose solutions.

• High energy self-starter, who is resilient and has an entrepreneurial spirit

• Demonstration of solid time, organizational, and desk management skills

• Wholesale broker experience preferred but not required

• Ability to work independently as well as in a team environment

• Detail oriented with excellent communication skills, both written and verbal

• Possess an entrepreneurial spirit and a can-do attitude

• Contribute to a positive and collaborative team environment 

• Comfortable working in a fast-paced, buildout environment

• Commitment to underwrite profitably and providing stellar customer service

• General understanding of, and ability to analyze internal and audited Financial Statements

• Willingness to travel (up to 20%)

***This position may be filled at a different level, depending on experience***

Compensation 

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include an annual cash bonus, and other forms of discretionary compensation awarded by the Company. 

The annualized base pay range for this role is: $90,000 - $100,000

Company Benefits 

The Company provides a competitive benefits package that includes the following (eligibility requirements apply): 

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more 

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver) 

Retirement Benefits: Contributory Savings Plan (401k)

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