Wholesale Property Underwriter
MSIG USA continues to grow!
Company Overview:
MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.
Summary/Job Purpose:
The Wholesale Property Underwriter is responsible for underwriting complex commercial property risks within the wholesale and excess & surplus (E&S) marketplace. This role focuses on evaluating submissions, pricing risk appropriately, and building strong broker relationships to drive profitable growth. The position requires deep technical expertise, sound judgment, and the ability to balance production goals with disciplined underwriting standards.
Essential Functions:
Percentage of Time:
- Evaluate, underwrite, and price complex property risks, including CAT-exposed accounts
- Review submissions including loss runs, engineering reports, and catastrophe modeling outputs
- Exercise underwriting authority to quote, bind, decline, or modify risks in accordance with company guidelines
- Develop, manage, and grow a profitable book of wholesale business
- Build and maintain strong relationships with wholesale brokers and distribution partners
- Negotiate pricing, terms, conditions, and coverage structures tailored to individual risks
- Monitor and respond to changing market conditions, capacity, and competitive dynamics
- Ensure compliance with underwriting guidelines, regulatory requirements, and internal audit standards
- Collaborate with actuarial, claims, risk control and CAT management teams to support profitability and risk management
- Provide guidance, mentorship, and technical support to junior underwriting staff as needed
Supervisory Responsibilities:
This position has no supervisory responsibilities.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Ability to manage multiple priorities in a fast-paced, production-driven environment
- Advanced knowledge of commercial property underwriting, particularly within the wholesale/E&S market
- Strong technical expertise in catastrophe modeling and exposure analysis
- Ability to assess large, complex, and challenging risks with sound underwriting judgment
- Proven track record of building and maintaining broker relationships
- Strong negotiation, analytical, and decision-making skills
- Excellent communication and presentation skills
Education and Experience Required:
- Bachelor’s degree in Finance, Risk Management, Business, or related field (or equivalent experience)
- 3+ years of commercial property underwriting experience, with significant exposure to wholesale/E&S business
- Experience underwriting middle-market to large property risks. With an emphasis on non-admitted business, layered placements, & shared programs.
- Professional designations such as CPCU, ARM, ARE, AINS or AU are strongly preferred
- Experience with catastrophe modeling tools (e.g., RMS, AIR, Verisk) is a plus
Additional Benefits:
Healthcare and Retirement Benefits
Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans
Additional Benefit Programs
Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discounts
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It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.