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, MS2010
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
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