Executive Underwriter – Lawyer Professional Liability
Chicago, IL - USA
Job Summary
Position Summary
The Executive Underwriter Lawyer Professional Liability (LPL) is responsible for managing a portfolio of renewal business while driving profitable growth through sound underwriting risk selection pricing and coverage analysis. This role serves as a technical expert within the Professional Liability team partnering closely with brokers internal stakeholders and underwriting leadership to evaluate complex legal risks develop tailored coverage solutions and maintain portfolio profitability. The Executive Underwriter also contributes to underwriting best practices strategic initiatives and the ongoing development of the Lawyer Professional Liability portfolio.Location: The ideal candidate will reside in the Greater Chicagoland area.
What will your job entail
Key Responsibilities
- Manage a portfolio of Lawyer Professional Liability (LPL) renewal business primarily focused on law firms with 15 attorneys driving profitable growth through sound underwriting pricing and risk selection.
- Evaluate complex law firm risks including practice areas claims history jurisdictions management controls and emerging legal malpractice exposures.
- Develop renewal strategies coverage recommendations and pricing solutions that balance profitability retention and broker/customer needs.
- Serve as a trusted partner to brokers by providing expertise on coverage underwriting appetite and risk management considerations while negotiating terms conditions and pricing.
- Analyze underwriting submissions loss experience financial information and supporting documentation to make informed underwriting decisions.
- Monitor portfolio performance including retention rate adequacy and loss trends and provide recommendations to support business objectives and portfolio profitability.
- Collaborate with claims actuarial legal and underwriting leadership to evaluate complex risks support strategic initiatives and drive underwriting consistency.
- Act as a technical leader and subject matter expert mentoring underwriting team members and contributing to projects process improvements and underwriting best practices.
- Ensure compliance with underwriting guidelines regulatory requirements and documentation standards.
Qualifications
Education & Experience
- Bachelors degree or equivalent professional experience.
- 5 years of underwriting experience within Professional Liability Financial Lines Professional Lines or E&O.
- Direct Lawyer Professional Liability (LPL) or Legal Malpractice underwriting experience strongly preferred.
- Experience underwriting law firms and managing complex renewal business preferred.
- Demonstrated ability to independently assess risk negotiate terms and conditions manage broker relationships and exercise sound underwriting judgment.
Licenses & Certifications
- Property & Casualty License preferred.
- RPLU designation or active pursuit of the designation preferred.
- Additional industry designations such as CPCU are a plus.
Skills & Competencies
- Strong knowledge of Lawyer Professional Liability (LPL) Legal Malpractice Professional Liability and E&O coverages.
- Advanced risk assessment pricing and coverage analysis skills.
- Strong underwriting judgment and decision-making ability.
- Excellent communication relationship management and negotiation skills.
- Strong analytical organizational and project leadership capabilities.
- Ability to work independently while serving as a technical resource and leader within the underwriting team.
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them and their family members achieve their physical financial and emotional well-being addition to paid time off for company holidays vacation sick and personal days Ryan offers paid parental leave mental health services and more.
The target salary range for this position is $153600.00 - $192000.00 annually.The wage range for this role considers many factors such as training transferable skills work experience licensure and certification business needs and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards visit our website provide individuals with disabilities reasonable accommodations to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at
The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Required Experience:
IC