Underwriter OR Underwriting Specialist - Group Captives

Zurich Insurance is currently looking to hire an Underwriter for our Group Captives Team (Underwriter or Underwriting Specialist level) in our Schaumburg office or US Remote location. As one of the leaders in this space, we work together with the largest captives consultants in the U.S. to deliver a wide range of services to member-owned, agency and other (fronted) captives.

This role will be filled at either the Underwriter or Underwriting Specialist level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

 In this role you will be responsible for: 

• Performing all risk assessments and pricing on new business
• Perform renewal activities for captives assigned
• Attend board meetings
• Help with the daily administrative requests that come in on policy maintenance
• Manage broker and captive consultant interactions
• Travel at least 15% or more internationally

Basic Qualifications Underwriter – Group Captives:

• High School Diploma or Equivalent and 1 or more years of experience in the Insurance or Market Facing area.
  OR
• High School Diploma or Equivalent and 2 or more years of experience in the Claims or Underwriting Support area
  AND
• Knowledge of the insurance industry and the legal and regulatory environment
• Knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines

OR

Basic Qualifications: Underwriting Specialist – Group Captives:

• High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.
  OR
• High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area
  OR
• Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing area
  OR
• Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support area
  AND
• Knowledge of line/s of business and the legal and regulatory guidelines
• Knowledge of time restraints for quotes on new and renewal business
• Experience with Microsoft Office

Preferred Qualifications:

• Bachelor’s degree
• Strong verbal and written communication skills
• Strong negotiation skills
• Underwriting/Insurance exposure to Casualty or Liability Lines

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us. The pay range shown is a national average and may vary by location. The combined salary range for this position is $60,000.00 - $125,000.00. The proposed salary range for the Underwriter is $60,000.00 - $95,000.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Underwriter is $75,000.00 - $125,000.00, with short-term incentive bonus eligibility set at 10%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg, AM - Remote Work (US), AM - Chicago
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
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