Summary
Overview
Work History
Education
Certification
Timeline
Generic

Braden Shannon

Erie,CO

Summary

Transportation program underwriter and licensed P&C producer with 12 years of work experience in non-standard auto. Excelled in underwriting roles in both standard and E&S marketplaces, commercial auto claims, and brokerage. Currently underwriting for-hire trucking and business auto risks in the Specialty Auto division at First Light Program Managers. Proven ability to underwrite a profitable book of business, while maintaining positive agent relations, with an emphasis on expanding trucking risk knowledge base.

Overview

11
11
years of professional experience
1
1
Certification

Work History

Transportation Program Underwriter

First Light Program Managers
10.2022 - Current
  • Exceeding targets with 210 new business binds totaling $8,150,000 written premium for non-fleet and fleet business
  • Leading team with 55% hit ratio on accounts $35,000 average premium size while reinforcing assigned retail agency rapport
  • Assisting Vice President of Specialty Auto with excess auto liability, physical damage, and motor truck cargo to supplement large fleet size accounts as needed
  • Surpassing file documentation standards and complying with underwriting authority level granted by Chief Underwriting Officer

Senior Underwriter

Navigators, A Brand Of The Hartford
03.2021 - 09.2022
  • Shaped $14.2 million book of business with 7% net incurred loss ratio overall (new and renewal business)
  • Produced $6.2 million in new business written premium
  • Inked bind order to retain one of company's largest renewals, Bullsnake Inc (DOT #3465172,) generating over $1.7M in written premium
  • Balanced net policy retention rate of 70% while achieving 12.5% rate increase on renewal business
  • Substantiated existing broker relationships by providing excellent service in timely manner on all quotes, policies, and endorsements

Primary Auto Underwriter

Hallmark Financial Services Inc.
09.2019 - 03.2021
  • Produced $4.2 million in new business written premium
  • Averaged 31% hit ratio on bound versus quoted accounts
  • Bound Tradewinds Logistics Inc (DOT #2266216) for approximately $850k in new business written premium
  • Drove 15% overall loss ratio on new and renewal business based on $3.6 million earned premium

Mid-Fleet Underwriter

Canal Insurance Company
02.2018 - 08.2019
  • Generated $5.1 million in new business written premium
  • Ensured department-wide profitability with 25% loss ratio for new business earned premium
  • Maintained $8.7 million book of business supplemented by 70% net policy retention rate

Transportation Underwriter / Associate Underwriter

SCU Insurance
12.2015 - 01.2018
  • Promoted to Transportation Underwriter in July 2017 by Southeast Region Transportation Manager and SCU Transportation President
  • Produced and managed $1.8 million book of small fleet business while generating $125,000 in net revenue
  • Oversaw $3.5 million book of business as generated by Senior Transportation Underwriter
  • Utilized underwriting rating systems daily for markets such as NICO, Canal, Scottsdale, IAT, Great American Insurance, and Markel

Claims Generalist Associate (Commercial Auto)

Progressive Insurance
06.2013 - 11.2015
  • Elected as commercial lines designate by branch Claims Manager
  • Graduated from Claims Ownership training with overall grade of 94
  • Managed 45 pure comparative negligence multi-vehicle claims per day on average

Education

BBA - Insurance, Risk Management, And Financial Planning

Mississippi State University
Starkville, MS
2010

Certification

  • ARM Designation
  • Property and Casualty License #10223968

Timeline

Transportation Program Underwriter

First Light Program Managers
10.2022 - Current

Senior Underwriter

Navigators, A Brand Of The Hartford
03.2021 - 09.2022

Primary Auto Underwriter

Hallmark Financial Services Inc.
09.2019 - 03.2021

Mid-Fleet Underwriter

Canal Insurance Company
02.2018 - 08.2019

Transportation Underwriter / Associate Underwriter

SCU Insurance
12.2015 - 01.2018

Claims Generalist Associate (Commercial Auto)

Progressive Insurance
06.2013 - 11.2015

BBA - Insurance, Risk Management, And Financial Planning

Mississippi State University
Braden Shannon