We are seeking a highly experienced and strategic Executive Ocean Marine & Cargo Underwriter to lead underwriting initiatives across complex marine, cargo, and transportation portfolios. This role is responsible for driving profitable growth, managing underwriting performance, and developing long-term broker and client relationships while maintaining disciplined risk selection and underwriting excellence. The ideal candidate will possess advanced expertise in Ocean Marine, Cargo, Inland Marine, and Transportation underwriting, with the ability to evaluate complex global exposures, structure customized insurance solutions, and contribute to enterprise underwriting strategy.
Key Responsibilities:
Lead underwriting strategy and portfolio management for Ocean Marine, Cargo, Inland Marine, and Transportation business.
Independently underwrite complex new and renewal risks involving domestic and international cargo operations, marine liabilities, stock throughput, logistics, warehousing, and global supply chain exposures.
Analyze financial statements, loss trends, operational controls, trade routes, commodity exposures, and catastrophe accumulations to determine pricing, coverage structure, and risk appetite alignment.
Develop and maintain strong broker, client, and distribution partner relationships to support profitable growth and market expansion.
Structure customized insurance solutions for multinational clients with complex marine and transportation exposures.
Collaborate closely with claims, actuarial, legal, compliance, engineering, and reinsurance teams to optimize underwriting performance and portfolio profitability.
Monitor portfolio performance through loss ratio analysis, rate adequacy reviews, catastrophe modeling, and executive reporting.
Develop underwriting guidelines, authority frameworks, and strategic growth initiatives aligned with enterprise profitability objectives.
Evaluate contractual risk transfer agreements, logistics operations, and international trade exposures to ensure appropriate underwriting controls.
Lead underwriting audits and ensure compliance with regulatory standards, corporate governance, and underwriting best practices.
Serve as a senior technical resource and mentor to underwriting teams, supporting talent development and underwriting consistency.
Monitor market conditions, geopolitical developments, trade disruptions, and competitor activity to proactively adjust underwriting strategy and appetite.
Support underwriting modernization initiatives, including workflow optimization, portfolio analytics, and data-driven underwriting decisions.
Qualifications and Experience:
10+ years of Commercial Marine Insurance Underwriting experience with advanced expertise in Ocean Marine, Cargo, Hull, Inland Marine, or Transportation underwriting.
Strong technical knowledge of marine insurance coverage forms, international trade exposures, logistics operations, and global cargo transit risks.
Demonstrated ability to manage underwriting profitability and maintain accountability for portfolio performance.
Proven underwriting judgment involving complex domestic and multinational marine risks.
Strong analytical, financial, and decision-making capabilities.
Excellent communication, negotiation, and relationship management skills.
Experience collaborating across underwriting, claims, legal, actuarial, engineering, compliance, and reinsurance functions.
Ability to evaluate complex supply chain exposures and emerging transportation risks.
Proficiency in underwriting analytics, portfolio management tools, Microsoft Excel, and reporting platforms.
Professional designations such as CPCU, ARM, AMIM, or progress toward certification preferred.
Numbers & Facts
Location
Chicago, IL
Skills
ARM (Advanced RISC Machine)unmatched
Actuarial Skillsunmatched
Analysis Skillsunmatched
Best Practicesunmatched
Brokerageunmatched
Cargo/Freightunmatched
Channel Supportunmatched
Communication Skillsunmatched
Competitive Researchunmatched
Corporate Fundingunmatched
Corporate Governanceunmatched
Customer Relationsunmatched
Distribution Channelunmatched
Financial Analysisunmatched
Financial Trend Analysisunmatched
Insuranceunmatched
Investment Managementunmatched
Legalunmatched
Logisticsunmatched
Maintain Complianceunmatched
Marine Cargounmatched
Market Trackingunmatched
Mentoringunmatched
Microsoft Excelunmatched
Model Reviewunmatched
Negotiation Skillsunmatched
Performance Analysisunmatched
Performance Managementunmatched
Performance Tuning/Optimizationunmatched
Portfolio Analysisunmatched
Pricingunmatched
Profit & Lossunmatched
Profit & Loss Managementunmatched
Regulatory Complianceunmatched
Reinsuranceunmatched
Relationship Managementunmatched
Riskunmatched
Risk Analysisunmatched
Sales Managementunmatched
Supply Chainunmatched
Talent Managementunmatched
Trading/Stockbrokingunmatched
Trend Analysisunmatched
Underwritingunmatched
Warehousingunmatched
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