Benjamin Baranik
Raleigh,NC
Summary
Detail-oriented Underwriter proficient in classifying, coding and rating applications for Commercial Liability insurance. Successful in maintaining highest standards of quality control and effectively building relationships with new and existing clients. Specialize in building new relationships with underdeveloped territories and wholesale brokerages. Ready to advance career in a rewarding position.
Overview
10
10
years of professional experience
Work History
Senior Undewriter
Merit Specialty- Hanover Insurance Company
Worcester, MA
07.2021 - Current
- Average account size of $25,000. Average annual premium of $1.8M. I have underwritten an average of 350 new business accounts per month with a wide variety of liability coverages for premises-driven risks (OL&T), General and Artisan Contractors, as well as Manufacturing accounts.
- Focus is on Primary General Liability coverage and Supported Excess coverage, with limits up to $5M. Excess coverage consisted of 25% of my book of business.
- Primarily focus on the TX and LA regions, as well as a handful of NY brokerage relationships. Grew the TX casualty book of business by 175% since joining Merit Specialty. . Have a hit ratio of 31%. The main attributions of my success have come with productive marketing to my brokerages and maintaining existing relationships, while building new ones along the way.
Insurance Underwriter
James River Insurance Company
Richmond, VA
06.2016 - 06.2021
- Highest producing Small Business Underwriter from 2017-2020
- I have underwritten an average of 250 accounts per month with a wide variety of liability coverages for premises-driven risks (OL&T), General and Artisan Contractors, as well as Manufacturing accounts generating less than $10,000 in annual premium
- Primarily focused on the TX and LA regions and increased the Small Accounts Division's book of business in TX by 400% within my first 2 year at James River
- Have successfully maintained a new business quote ratio of 39%, a Hit ratio of 22%, and an ultimate ratio of 9%
- The main attributions of my success have come with productive marketing to my TX brokerages 6-8 times a year as well as my 24 hour response ratio of over 90%
Public Speaking Tutor
Hampden Sydney College Public Speaking Center
Farmville, VA
09.2014 - 05.2016
- Developed and implemented lesson plans to teach public speaking techniques.
- Provided individualized instruction to students who needed extra help with their presentations.
Associate Real Estate Advisor
Cornerstone Commercial Real Estate Services
Richmond, VA
06.2015 - 04.2016
- Tenant & landlord leasing representation
- Networking and marketing through various leads groups
- Member of Midlothian, VA BNI Chapter
Education
Bachelor of Arts - Business Econ, Rhetoric, Latin.
Hampden-Sydney College
Hampden Sydney, VA05.2016
Skills
- Quoting and pricing policies
- Marketing and relationship building
- Loss prevention
- Production-oriented
- Negotiation proficiency
- Grammar & effective communication
- Analyzing data
- Customer service
- Leadership
Timeline
Senior Undewriter
Merit Specialty- Hanover Insurance Company
07.2021 - Current
Insurance Underwriter
James River Insurance Company
06.2016 - 06.2021
Associate Real Estate Advisor
Cornerstone Commercial Real Estate Services
06.2015 - 04.2016
Public Speaking Tutor
Hampden Sydney College Public Speaking Center
09.2014 - 05.2016
Bachelor of Arts - Business Econ, Rhetoric, Latin.
Hampden-Sydney College
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