Summary
Overview
Work History
Education
Timeline
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PETE SMITH

White Plains,USA

Summary

As a hard-working and dedicated self- starter, I am eager utilize and grow upon my core marketing skills and build upon my experiences in the insurance industry in a senior, management level underwriting position within a market-leading organization.

Possesses versatile skills in project management, problem-solving, and collaboration. Brings fresh perspective and strong commitment to quality and success. Recognized for adaptability and proactive approach in delivering effective solutions.

Overview

19
19
years of professional experience

Work History

Head of Middle Market Strategy

Axis Capital
07.2020 - Current
  • Responsible for the oversight and development of a 80+ Mln portfolio of business spanning Cyber, Tech, MPL, Media across the US
  • Responsible for the oversight and development of a 80+ Mln book of business focused in the Northeast Region (across cyber, tech E&O, media and & miscellanous professional liability products)
  • Support in the development and creation of multi segment/product business plan and monthly production tracking and forecasting
  • Participate as a lead voice within Axis in marketplace/industry conferences and productions.
  • Oversee the development and production of a team of 7 underwriters based in NY
  • Co-chair of the Axis Ransomware Working Group - charged with the development of our proprietary ransomware assessment, guidelines and referrals on deals
  • Created and enacted a Middle Market Account Review Process for all accounts 120 days out from renewal that are of concern (aggregation modeling, conflict with appetite/guidelines, concerns around pricing/structure)
  • Member of the Exposure Management Information Group (EMIG) which liaises with group management around aggregation modeling, portfolio review and growing trends in the Cyber landscape
  • Onboarded small business MGA (Elpha Secure) to assist Axis with the development of new products and growth in the SME space
  • Promoted from Underwriting Manager to Head of Middle Market Strategy after 16 months to develop and grow our middle market book nationally. Subsequently promoted to add on the additional responsibility of overseen the Northeast Underwriting Territory in Aug 2023

Vice President, Senior Underwriter

Swiss Re Corporate Solutions
07.2015 - Current
  • Senior underwriter responsible for a 4M+ renewal book of business with focus on the Network Security/Privacy Liability, Miscellaneous Professional Liability, Technology Errors & Omissions Liability
  • Assisted in the creation of Managing General Underwriting entity within Swiss Re with a strong focus on guidelines creation, appetite direction, and other major initiatives to bring entity to market
  • Responsible for day to day oversight of that entity currently
  • Promoted and guided expanded focus on Network Security/Privacy Liability exposures within other lines of business within the organization (Silent Cyber - Property/Casualty)
  • Involved with the creation of a Middle Market campaign with a focus on rating creation, guidelines, appetite guidance, and policy form drafting
  • Created 90 Day review process internally to help facilitate underwriting teams review of existing accounts with a strong focus on network security evaluation and change in form YoY
  • Revised established Cyber/Tech guidelines to bring internal standards more in line with key exposure evaluation and current marketplace offerings

Specialty Errors & Omissions, Senior Underwriter

Zurich North America
05.2014 - 07.2015
  • Senior underwriter with a 5M+ renewal book of business with focus on the Network Security/Privacy Liability, Miscellaneous Professional Liability, Technology Errors & Omissions Liability, and Employed Lawyers' lines of businesses
  • Lead brokerage/underwriting community trainings to help promote industry knowledge of the Network Security/Privacy Liability line of insurance
  • Public speaking engagements with brokers and clients to assist in purchasing of the Network Security/Privacy Liability line of insurance
  • Met and exceeded new business goals, while maintaining book profitability in each of the first two years
  • Assist senior sales/distribution/marketing colleagues to develop and maintain key client relationships

Assistant Vice President

Marsh & McLennan Companies
10.2010 - 05.2014
  • Licensed Property & Casualty insurance broker (All 50 States)
  • Member of the Marsh Errors & Omissions' Center of Excellence (Accountants' Professional Liability/Commercial Lines (including Network Security/ Privacy Liability))
  • Responsible for the placement, negotiation, and advisement on a $5M book of Architects & Engineers, Lawyers', Accountants' Professional Liability, and Commercial E&O (Network Security & Privacy Liability/Technology E&O/ MPL) business
  • Lead advisor for a Big 4 Accountants' Professional Liability captive insurance company with responsibilities including the implementation of a 90 + country fronting program, consultation/maintenance of an over 300 Accountants' E&O claim bordereaux, support in the creation of outstanding liabilities actuarial analyses, and a number of other core activities related to the operations of a captive insurer (underwriting analysis, banding analysis, etc.)
  • Exceeded new business goals in each of the first two years within the Marsh E&O COE
  • Promoted in each of the first two years within Marsh & McLennan Companies (Advisory Representative/ Assistant Vice President)

Claims Associate

Chartis Insurance - Commercial Insurance
06.2008 - 10.2010
  • Responsible for the evaluation and management from inception to resolution of over two hundred New York State & Maryland Workers' Compensation Claims
  • Utilize effective communication and customer service skills with Insured's, Claimants, and claimants' counsel in working to determine liability and to proactively resolve claims
  • Undertake extensive coverage analysis, causality/liability determinations, and compensability of Claims determinations in the handling and resolution of Claims
  • Independently responsible for negotiating settlements with claimants' counsel in accordance with New York & Maryland state guidelines
  • Successfully trained in and completed Chartis' Workers' Compensation Associate program

Intern

United State of America
05.2006 - 08.2006

House of Representative intern for Congressman John E. Sweeney (NY-20th Congressional District

  • Supported staff members in their daily tasks, reducing workload burden and allowing for increased focus on higher-priority assignments.

Education

Bachelor of Arts - Marketing and Management

Siena College
Loudonville, New York
05.2008

Timeline

Head of Middle Market Strategy

Axis Capital
07.2020 - Current

Vice President, Senior Underwriter

Swiss Re Corporate Solutions
07.2015 - Current

Specialty Errors & Omissions, Senior Underwriter

Zurich North America
05.2014 - 07.2015

Assistant Vice President

Marsh & McLennan Companies
10.2010 - 05.2014

Claims Associate

Chartis Insurance - Commercial Insurance
06.2008 - 10.2010

Intern

United State of America
05.2006 - 08.2006

Bachelor of Arts - Marketing and Management

Siena College
PETE SMITH