Insurance Coverage Specialist GenStar
Job Location:
Stamford, CT - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
Shape Your Future With Us
GenStar Insurance Services LLC is a premier provider of excess surplus and specialty property and casualty insurance written on General Star Indemnity Company (non-admitted) and General Star National Insurance Company (admitted) paper (collectively the GenStar companies). The GenStar companies conduct business through a select group of wholesale brokers managing general underwriters (MGUs) and program administrators in the United States. The GenStar companies aremembers of the Berkshire Hathaway Family of Companies.
We areseeking an analytical self-motivated CoverageSpecialist to play a pivotal rolein drafting reinsurance contracts insurance policies and endorsements tooptimize corporate goals. This role is idealfor an experienced individual seeking to advance their career.
GenStar currently offersanexcellent opportunity for an Insurance Coverage Specialistreporting into our Stamford CT office. The position may work full-time in Stamford CT New York City or dividetime between a home-based office and our Stamford office.
Role Description
The Insurance Coverage Specialist is responsible for a broad spectrum of P&C policy forms including bureau (mostly ISO) admitted surplus lines company specific and manuscript wordings. The priority is drafting commercial lines policies and endorsements primary casualty excess liability umbrella professional liability property first-party insurance and specialty lines.
Insurance Coverage Specialist:
Provides expert advice on the research creation and maintenance of coverage language.
Works collaboratively with the underwriting divisions on coverages for product development competitive analysis line of business initiatives and emerging issues.
Aligns coverage with profitability growth and retention objectives of the company.
Identifies coverage that deviates from current standard forms or common industry practices or that does not reflect the underwriting intent.
Furnishes constructive wording alternatives for company use.
Delivers guidance to underwriters senior management and others involved in policy wording decisions.
Viewed as a mentor on policy wording issues for underwriters.
Additional Responsibilities
Keeps current on insurance policy wording developments ISOs research emerging issues and competitors forms to communicate to underwriters and senior management the importance and impact of proposed wording changes.
Continually develops specialized knowledge of P&C lines of business to identify wording solutions for the policy structures that meet the business needs.
Collaborates with other Insurance Coverage Specialists Reinsurance Contracts Specialists Underwriters Claims Regulatory Specialists and Legal colleagues to improve wordings.
Prioritizes organizes and optimizes workloads to promote cost-effective delivery and support for coverage documents.
Develops and implements Admitted Form Filings with the underwriting divisions and regulatory unit.
Sets challenging goals and works to meet them.
Effectively manages time and meets deadlines.
Role Qualifications and Experience
College degree required. CPCU designation preferred.
Sustained track record in an Insurance Coverage Specialist Insurance Policy Analyst Insurance Product Analyst or similar position. Underwriters Claims/ Legal Professionals with at least five years of coverage experience may also be considered.
Extensive knowledge of surplus lines and admitted insurance standards practices and principles.
Strong knowledge of optimizing insurance policy wording and features to lines of business.
Reinsurance contract wording experience a plus.
Excellent analytical and communication skills.
High attention to detail and accuracy.
Ability to work independently and collaborate with colleagues within and across departments.
Excellent technology skills including Word Adobe Excel SharePoint and Outlook.Use of AI or LLM a plus.
Additional consideration may be given for being an active contributor to ISOs Panels or an insurance tradeassociations committee.
Salary Range
106000.00 - 178000.00 USDThe annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials education experience geographic location job responsibilities performance skills and/or training.
Our Corporate Headquarters Address
General Reinsurance Corporation
400 Atlantic Street 9th Floor
Stamford CT 06901 (US)
At General Re Corporation we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporations continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race color sex (including childbirth or related medical conditions) religion national origin or ancestry age past or present disability marital status liability for service in the armed forces veterans status citizenship sexual orientation gender identity or any other characteristic protected by applicable addition Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
Required Experience:
IC
About Company
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