VP, Commercial Insurance Portfolio Manager

VP, Commercial Insurance Portfolio Manager

Chubb is seeking a VP, Commercial Insurance Portfolio Manager to work within the Middle Market Commercial Insurance Division, focusing on a Managing General Agent (MGA) Partnership that targets the Specialty Trade and Building Contractor Segment. The role involves managing Workers Compensation and other Casualty lines through Independent Agents specializing in construction.

The VP, Portfolio Manager will report to an EVP, Product Line Leader.

Key Responsibilities:

• Collaborate with the Middle Market Product Line Teams and the Construction Industry Practice to implement underwriting strategies for both Product Line and Corporate Construction within the Managing General Underwriter (MGU).
• Develop and implement consistent standards for the Managing General Underwriter (MGU) to submit account-level referrals to the company for risks that exceed delegated authority.
• Track and analyze claim trends, providing actionable recommendations to Product Line Managers.
• Work with actuarial resources to perform quarterly data analyses and propose actions for Product Line Leaders to consider.
• Partner with the corporate reinsurance team to conduct cost-benefit analyses of reinsurance purchases, aiming to achieve the desired net results for the program.
• Evaluate actual pricing against Product Line standards to ensure it meets adequacy and compliance guidelines.
• Conduct regular portfolio reviews with Actuary and Product Line leaders to ensure that current liability, medical/benefit trends, and loss development patterns are accurately reflected in program pricing models.
• Oversee the execution of portfolio production and profit KPIs, recommending adjustments to Product Line Leaders to ensure performance aligns with portfolio goals.
• Utilize portfolio data analysis to guide the selection of accounts for the annual underwriting audit, coordinating audit objectives with Product Line Leaders and Corporate Underwriting.
• Collaborate with the Portfolio Claim Business Consultant to ensure that Third-Party Administrator (TPA) usage decisions are cost-effective, positively impact claim results, and align with expense targets.