United States onlyFor 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, Sustainability initiatives and inclusive corporate culture.
Our Life Sciences Team is seeking a collaborative, experienced, and dynamic Leader of Underwriting to join our growing team.
This is a full time Hybrid or Remote, exempt role.
POSITION OVERVIEW:
Head of Life Sciences will work collaboratively with BU leadership to manage the Life Sciences (LS) portfolio to ensure proper diversity and accumulation of risk; develop and execute a risk appetite and underwriting strategy to manage the underwriting and profitability of the portfolio; develop and manage LS underwriters who can successfully underwrite business and manage a geographic territory; and expand brand awareness and new business gravity through visibility in our agency distribution channels.
At the Hanover we also understand that life and the workplace have changed so we are reimagining the workplace and provide flexible work arrangements. This position can be located anywhere within the US and can be 100% remote with business travel as needed.
The Hanover is a diverse and inclusive organization focused on hiring the best talent and we encourage all qualified professionals to apply. We believe that an inclusive, diverse, and equitable workplace make us a better organization and creates a stronger community.
THIS IS A FULL-TIME, EXEMPT ROLE.
IN THIS ROLE YOU WILL:
- Deepen agency relationships and expand our underwriting brand in the marketplace.
- Partner with Branch, Regional, and Zonal Leaders on distribution and strategic agency relationships.
- Identify opportunities to expand the practice’s risk appetite and capabilities.
- In conjunction with the CUO, develop, execute and maintain LS underwriting and exposure guides.
- Collaborate with the CUO on product development of new LS policy forms / endorsements and rate rule development as needed –Includes Property, CGL, Umbrella and International endorsements, in addition to, Fusion (Products and E&O).
- New business and renewal collaboration with LS underwriters:
◦ Qualification review on submissions or on more complex risks (e.g., appetite, pricing, terms, risk/reward, underwriting needs, etc.). ◦ Provide sales consult to help underwriters close deals (e.g., coverage comparisons, closing arguments).
- Collaborate with other business units (Tech, Middle Market, Small Commercial, Healthcare) on LS exposures, pricing and policy structure.
- Collaborate on special projects which advance the LS practice or enterprise.
- Leads, directs and has full management accountability for LS team. Emphasis on talent management including acquisition, onboarding, development, and succession planning.
- Strengthen LS underwriters’ knowledge on Property and WC underwriting and pricing.
WHAT YOU NEED TO APPLY:
- 7-10 years Life Sciences Property and Casualty (all lines) underwriting experience preferred.
- Strong Product Liability Claims-Made underwriting and coverage knowledge.
- Strong Errors & Omissions, Cyber, Privacy and Media and Content underwriting and coverage knowledge.
- Leadership experience working with both individuals and a team.
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:HRServices@hanover.com 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.
Compensation:
The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.
