Vice President, Property & First Party Lines
Listed on 2026-08-11
-
Insurance
Risk Manager/Analyst -
Management
Risk Manager/Analyst
Vice President, Property & First Party Lines
Corporate Chief Underwriting Office
· Reports to Chief Underwriting Officer
This leadership role sits within the Corporate CUO's office, alongside Program Underwriting and Program Operations as part of the Programs Team. You will interact regularly with Executive Leadership, Partnership Development, Actuarial, Risk, Compliance, and Claims on risk appetite, line‑of‑business performance, and strategic direction at the product, program, and portfolio levels.
The VP Property/First Party Lines as part of the Corporate CUO function provides enterprise‑wide governance and technical authority while Program Underwriting and Program Operations focus on MGA relationships and execution. This role is a ground‑floor build — and requires someone genuinely energized by that challenge.
Key Responsibilities1. Enterprise Underwriting Authority & Standards
– Serve as the top underwriting authority on all Property and first party lines — Commercial Property, Inland Marine, Builder's Risk, DIC, Ocean Marine cargo, Equipment Breakdown, and related specialty covers.
– Adjudicate complex, non‑standard risks referred from program partners; provide binding technical opinions on coverage, manuscript policy language, and endorsements.
– Develop, publish, and maintain corporate‑wide underwriting guidelines: risk appetite, class eligibility, coverage terms, exclusions, deductibles, and maximum line sizes. Govern approved policy forms libraries (ISO, AAIS, proprietary, manuscript) and update underwriting rules matrices aligned to actuarially supported rating plans.
– Represent the company's technical underwriting position with MGA/MGU partners, senior brokers, cedents, reinsurers, and in the industry.
2. Letter of Authority & Delegated Authority Framework
– Design and maintain a standardized, tiered LOA delegation template as respects all Property and First Party lines of business/products spanning Program Underwriting — including Head of Program Underwriting, Program Directors, and PUMAs — and a companion framework for MGA/MGU program partners defining binding authority limits, referral thresholds, and prohibited classes consistent with MST guidelines – specific to the Property LOB and all first party products.
– For Property and First Party products define authority tiers by policy limit, TIV, risk complexity, CAT‑exposed territory, and coverage breadth (admitted vs. E&S). Conduct semi‑annual LOA reviews; maintain a centralized authority register in compliance with state MGA Act requirements.
3. E&S and Admitted Channel Management
– Maintain expert command of E&S regulations, stamping office requirements, diligent search documentation, and surplus lines tax filings in partnership with Risk & Compliance.
– Develop and monitor distinct underwriting guidelines and form sets for E&S vs. admitted placements; collaborate with Compliance and Product Development on admitted rate and form filings in partnership with MGA/MGU partners.
– In partnership with Risk and the CUO, set and enforce CAT accumulation limits by peril and zone — Named Windstorm, Earthquake, Wildfire, Flood, Winter Storm, Severe Convective Storm, and Cyber‑Physical. Oversee secondary peril modeling for hail, tornado, freeze, landslide, subsidence, and marine surge.
– Review in partnership with Risk and Actuarial the PML, AAL, and TVaR metrics quarterly.
– Partner with Actuarial on pricing models; monitor rate, exposure, and pure price change monthly. Establish minimum premium adequacy thresholds and oversee loss ratio forecasting across the portfolio.
5. Reinsurance Strategy & Coordination
– Ensure MGA/MGU reinsurance arrangements are vetted, documented, and aligned with ceding company requirements. Maintain current knowledge of reinsurance market capacity, pricing trends, and creditworthiness.
6. MGA/MGU Underwriting Audit & Quality Assurance
– As part of the CUO's office and in partnership with Program Underwriting and Program Operations, build and lead an enterprise MGA Underwriting Audit Program — tailored for Property & First Party products —defining scope, frequency (annual minimum; semi‑annual for programs >$25M GWP or on…
(If this job is in fact in your jurisdiction, then you may be using a Proxy or VPN to access this site, and to progress further, you should change your connectivity to another mobile device or PC).