Chubb is seeing significant growth in our Major Accounts Natural Resources Property business segment. A consistent ask from the marketplace is for Chubb to support construction projects in the energy sector, either for large stand alone projects or across a schedule of projects. This position will initially focus on developing and enhancing the effectiveness of our underwriting processes in the EAR segment of our Construction/Builders Risk business, including but not limited to classes of business such as renewable energy, utility construction, liquified natural gas plants and technical manufacturing construction classes. Chubb Major Accounts Energy complements Chubb Bermuda and Chubb Commercial Insurance Energy Resource Services (ERS) current offerings and also supports the established Chubb Energy and Climate+ Industry Practices.
The Natural Resources team writes worldwide property exposures for United States and Canada domiciled entities. The occupancies we underwrite in the Natural Resources unit are Oil & Gas midstream and downstream, Petrochemicals, Chemical Manufacturing, Power Generation, heavy Process Industries and Mining. The majority of new construction is currently in Power Generation, specifically Solar/BESS, Wind, and Natural Gas fired power plants.
The coverage is typically written on a manuscript policy form in a layered & shared program structure. This position will work closely with Chubb's Inland Marine unit for underwriting consistency but will report up through the Natural Resources Property team for closer alignment with this team's broker community and to properly capture Builders Risk to Operational business opportunities. The ideal candidate will have strong analytical skills and a deep understanding of Builders Risk underwriting.
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