CUO, Construction

The Chief Underwriting Officer (CUO), North America (NA) Construction is a critical, high-profile Global Risk Solutions (GRS) North America Underwriting (UW) leadership role that dual reports to the CUO of North America and the Head of Construction. This role will have accountability for underwriting strategy and execution across all Construction Casualty lines for Wraps, Construction Excess, Loss-Sensitive, Guaranteed Cost, Large and midsize Construction, including setting a clear and consistent appetite, identifying growth opportunities, developing reinsurance strategies and working with North America and Global Office of Underwriting partners to shape the target portfolio.

Responsibilities:

• Sets construction casualty underwriting strategy and annual financial plan in partnership with Head of Construction and Construction segment strategies and plans
• Sets reinsurance strategy for the construction casualty segment in conjunction with the GRS NA CUO's, with leadership role in Casualty reinsurance treaty
• Sets strategy and monitors performance of plans for pricing, risk origination, market segmentation and risk selection across all Construction risks
• Responsible for execution and delivery of quality assurance activities within the construction segment, following the central framework established by the NA Office of Underwriting
• Establishes authority limits and referral criteria for Construction, cascading down within the overall GRS NA CUO's framework
• Monitors execution of construction underwriting strategy and portfolio performance against plan; handles any referrals escalated
• Monitors developments in the Construction market and risk environments that could impact sub-segment portfolio performance, and establishes action plans for identified risks and opportunities
• Drives effective cross-functional collaboration and support with sub-segment level functional teams
• Provides strong leadership to continually upgrade Construction underwriting talent through training, development, and recruitment
• Determines Construction investment needs to continue monitoring and/or executing effectively, including data capture or strategy, advanced analytics, technology, and talent

Skills: Analyzing and problem solving; decision making, building relationships; leadership; innovation; communicating effectively, engaging and motivating people; negotiation; influencing others; focusing on service; managing and improving processes; executing well; planning and organizing work.

Leadership Capabilities

• A collaborative partner who will nurture trusting relationships. Encourages the open exchange of ideas and respect for other points of view.
• Influential senior executive with Construction P&L experience (Casualty focused). Leader with a strategic mindset and demonstrated relationship-building ability that provides direction for the underwriting operations.
• A strategic leader who can establish long-term goals, achieve them, and deliver results.
• Forward-looking. Will seek opportunities to contribute and add value across the organization.
• A direct and transparent communicator. Knows how and when to keep others informed.
• An inclusive leader with a keen interest in developing diverse talent.
• A problem-solver who seeks to understand the underlying drivers of the results.
• Intellectually curious. Willing to ask questions and challenge assumptions.
• Executive presence.

Transformation & Innovation:

• Experience in providing innovative construction underwriting solutions. A track record of challenging the status quo.

Leadership Experience:

• Influential senior executive with Construction P&L experience. Leader with a strategic mindset and demonstrated relationship-building ability that provides direction for the underwriting operations.