Senior Underwriter, Healthcare and Life SciencesToronto, ON

About The Role

Totten Insurance Group is on an exciting growth trajectory, and we're looking for a dynamic and experienced Senior Underwriter to bolster our Healthcare and Life Sciences Practice. This role is tailor-made for a professional with a robust background in professional liability. As a key member of our team, you will underwrite complex new and renewal business, demonstrating strong technical and commercial underwriting acumen. This is a golden opportunity for someone to join a fast-paced exciting team ready to build and manage a significant book of business in a vibrant and growing company.

What You’ll Do

  • Complex Risk Analysis and Underwriting : Analyze and underwrite complex risks in the healthcare and life science sectors (Medical, malpractice, etc.), focusing on compliance, accuracy, and risk assessment. Your expertise will guide the risk assessment process, ensuring thorough and reliable evaluations.

  • Document Review and Information Gathering : Scrutinize submission documentation, including engineering reports, schedules/GANTT charts, and budget breakdowns. Utilize your keen attention to detail to request additional information as required, ensuring comprehensive and accurate assessments.

  • Compliance and Standards Adherence : Ensure all activities comply with company standards, underwriting guidelines, and the stipulations of various delegated underwriting authority contracts. Your role is crucial in maintaining the integrity and reliability of our underwriting processes.

  • Carrier Collaboration : Prepare and submit detailed referral documentation to carriers, both domestically and at Lloyd's. Your diplomatic skills will be key in fostering productive and beneficial relationships with our carrier partners.

  • Broker Partnership and Negotiation: Present quotations to broker partners, negotiating the best terms available for the client. Your negotiation skills will directly impact our client satisfaction and business success.

  • Business Development : Play a pivotal role based on your previous success in soliciting new broker and carrier partnerships while nurturing existing relationships. Your ability to network and build connections will drive our growth and expansion to meet budgetary requirements.

  • Product Knowledge & Development : Develop a strong understanding of the various solutions that can be offered through our network of markets and Lloyd’s relationships. Seek out ways to continuously improve our Product offering and provides solutions in collaboration with the Manager and Chief Underwriting Officer.

  • Customer Service Excellence : Uphold and promote a high standard of customer service. Your commitment to client satisfaction will reinforce Totten’s reputation as a customer-centric organization.

  • Mentorship and Team Development : Proactively involved in act as a mentor to junior staff, supporting their growth and development within the team. Your guidance will shape the future talent of Totten Insurance Group.

What You’ll Need for Success

  • 5+ years of proven experience in Commercial Insurance underwriting or retail broking with a strong focus on Professional Liability; MGA experience a plus

  • Experience in underwriting or broking mid-level to complex professional liability risks, in Healthcare and Life Sciences and/or a strong E&O background

  • Ability to exercise sound judgment in risk selection with strong analytical skills with the ability to evaluate and interpret complex information.

  • Strong decision-making skills, business development acumen, and creativity in underwriting risks

  • Excellent communication and negotiation skills, with an emphasis on building and maintaining relationships.

  • Commitment to high standards of customer service and quality delivery

  • Leadership qualities with a passion for mentoring and team development

  • Knowledge of the insurance industry, including regulatory and compliance frameworks

  • A strong work ethic, good organizational skills, and the ability to work within a team environment.

  • Good team player

  • Experience with TAM or Policy Works broker management systems

  • Required to travel up to 25% for Broker visits and meetings.

  • French is an asset.

  • CIP, CRM Designation preferred.

  • Have or willing to obtain RIBO License in short order.

Choose Totten and Elevate Your Career

Totten Insurance Group stands at the pinnacle as Canada's preeminent national MGA provider, specializing in niche products and pioneering solutions. Offering an eclectic array of insurance products and programs, Totten Group's commitment lies in rendering top-tier insurance solutions that aren't typically accessible in the mainstream marketplace.

Actively supporting more than 2,000 independent brokers across Canada, Totten Group proudly embraces a robust organizational structure, featuring a number of distinct divisions. These include Commercial Casualty, Commercial Property, Hospitality, and Professional Liability. Each division contributes unique expertise, ensuring comprehensive coverage that matches the diverse needs of our clientele. To read more about Totten, please visit https://www.tottengroup.com/about/.

Your well-being is our priority, and we back this up with a wealth of benefits:

  • Enjoy a competitive pay structure that includes incentives, bonuses, and more ways to increase your earnings.

  • Balance your life with flexible work arrangements and generous time off.

  • Benefit from a comprehensive package tailored to your needs, including company matched RRSPs.

  • Invest in your future with Totten-sponsored training and development programs. We even offer tuition reimbursement opportunities.

  • Rest easy with reimbursements for professional license fees and membership dues.

  • Available special perks including discounts on events, travel, accommodations, and personal home & auto insurance.

At Totten, we champion the values of diversity, equity, and inclusion. We are steadfastly devoted to cultivating an atmosphere in which every member of our team feels valued and empowered. With this commitment in mind, we’ve crafted our selection process to ensure accessibility for all. We actively invite you to inform us if you require any support or accommodations during the recruitment journey. We staunchly uphold the principle of offering every applicant an equal chance to excel and prosper in our harmonious and inclusive workspace.

Department Underwriting

Required Experience: 5-7 years of relevant experience

Required Travel: Up to 25%

Required Education: Diploma

Hi, we’re HUB.

In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.

When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.

And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.

About HUB International

Headquartered in Chicago, Illinois, HUB International Limited (HUB) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, HUB’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.