Summary
Overview
Work History
Education
Skills
Certification
Timeline
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Byron Thornton

Chicago,IL

Summary

Experienced multi-line property and casualty underwriter with a focus on risk assessment and policy evaluation. Senior Underwriter with a strong track record of informed decision-making that meets company objectives and compliance requirements. Expertise in financial analysis and client relationship management.

Overview

14
14
years of professional experience
1
1
Certification

Work History

Senior Property Excess & Surplus Underwriter

Seneca Insurance Company
04.2020 - 12.2023
  • Assist in developing annual business plans and analyze and evaluate results for assigned brokers in Midwest Region.
  • Industries served include residential real estate, and habitational real estate including apartments, condos, motels, hotels, student housing, vacant property, manufacturing, and restaurants.
  • Collaborated with brokers and agents to identify and analyze potential clients' insurance needs, resulting in a 20% growth in new business opportunities.
  • Conducted thorough risk assessments and analysis of complex property risks, utilizing advanced underwriting tools and techniques, resulting in more accurate pricing and reduced exposure to potential losses.

Technology & Life Sciences Executive Property & Casualty Underwriter

Hartford Insurance Company
06.2015 - 03.2018
  • Successfully supervised the sales process by strategically planning, implementing operating routines, and closely monitoring potential opportunities for team members.
  • Demonstrated exceptional agency management skills by effectively developing new business submissions and executing business plan strategies.
  • Skillfully negotiated renewals to achieve desired rate and retention objectives.
  • Established and actively maintained a robust pipeline, effectively managing cross-sell and up-sell opportunities for the entire team.
  • Cultivated strong relationships with agents, providing comprehensive answers to their coverage-related inquiries, clarifying processes, and directing them to the appropriate resources within Hartford based on their individual needs.
  • Consistently achieved annual new business production of at least $1 million.
  • Multi-line underwriting including Technology E&O, automobile, and workers compensation.

Reverse Flow Senior Production Underwriter

Mitsui Sumitomo Marine Management USA
07.2011 - 06.2015
  • Demonstrated expertise in underwriting Japanese related commercial property and casualty accounts as the primary underwriter for Mitsui Sumitomo, as well as a reinsurer with a fronting partner.
  • Supervised a $14m book of business, consistently achieving a 90% retention rate.
  • Successfully handled country-wide territory with a focus on the manufacturing segment, while also overseeing lodging and service segments.
  • Generated new business and garnered recognition from the operating company board of directors for exceptional production in 2012.
  • Prepared informative quarterly Operating Committee reports for the operating company (ADIA).

Senior Commercial Lines Underwriter

United Fire Group
04.2010 - 07.2011
  • Directed and maintained a $5mm book of business in Illinois and Indiana territories, ensuring profitability, growth, and client retention.
  • Conducted thorough underwriting and risk analysis for a wide range of policies, including both basic and complex cases.
  • Evaluated new and renewal policy applications and associated documents to accurately classify and assess each risk.
  • Multi-line underwriting including property package, automobile, and workers compensation.

Education

Juris Doctor - Law

University of Illinois Chicago Law School
Chicago, IL

Bachelor of Arts - Political Science

Western Illinois University
Macomb, IL

Skills

  • Data analysis proficiency
  • Risk evaluation
  • Effective communication
  • Strong attention to detail
  • Insurance underwriting proficiency
  • Critical thinking abilities
  • Underwriting standards
  • Data analysis
  • Thorough review of documentation
  • Risk assessment
  • Policy renewal management
  • Submission analysis

Certification

  • MOS - Excel Associate
  • MOS - Access Expert
  • Data Analyst Associate

Timeline

Senior Property Excess & Surplus Underwriter

Seneca Insurance Company
04.2020 - 12.2023

Technology & Life Sciences Executive Property & Casualty Underwriter

Hartford Insurance Company
06.2015 - 03.2018

Reverse Flow Senior Production Underwriter

Mitsui Sumitomo Marine Management USA
07.2011 - 06.2015

Senior Commercial Lines Underwriter

United Fire Group
04.2010 - 07.2011

Bachelor of Arts - Political Science

Western Illinois University

Juris Doctor - Law

University of Illinois Chicago Law School

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Byron Thornton