Peter Carmody
Caledonia,MI
Summary
Self-motivated Insurance Professional with over 14 years industry experience. A territory team lead skilled in both new business and renewal risk selection, along with cultivation of agency relationships. Proficient in verbal and written communication, including presentations to agencies and sales leadership, along with training and development of my peers.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Senior Underwriter
Distinguished Programs
01.2024 - Current
- Team lead for the Midwest Territory, handling daily work assignments for the both New Business and Service underwriters within my territory, addressing any questions from the underwriting team relating to eligibility, system navigation, processes, and risk-specific reviews, along with conducting monthly audits of team members' files.
- New Business underwriter within my assigned territory, including review of higher exposure accounts and larger schedules.
- Primary point of contact for the brokers and internal Sales team within the Midwest Territory, resolving escalations on New Business, Renewal and Service transactions within the Midwest Territory.
- Delivering developmental content for the underwriting team on a variety of topics ranging from new hire training to eligibility overviews and process walkthroughs for existing underwriters.
- Primary Umbrella underwriter for the program, handling the Umbrella submissions and inquiries, along with training underwriters within the department in the handling of Umbrella transactions.
Commercial Insurance Underwriter
Chubb
09.2023 - 01.2024
- Review and approval of New Business and Renewal accounts within the upper Middle Market space, focused on the Manufacturing, Wholesale, Real Estate and Professional Service industries.
- Coordination with risk engineering, claims services, home office underwriting and underwriting management for high complexity accounts in excess of $500,000 premium, providing an enterprise approach to the risk handling.
- Working closely with local independent agencies and brokerages to promote Chubb products and services. Conducting regular meetings with account managers and producers, as well as maintaining a robust pipeline with target agencies, to achieve territory growth goals.
Commercial Underwriter III
Farmers Insurance
05.2015 - 09.2023
- Review of new business submissions and renewals for acceptability of small business insurance risks. Working with underwriting management, the product team, the distribution team, and the agency force to achieve territory growth and profitability goals.
- Travel to the field to meet one-on-one with agents, as well as to conduct presentations for new agents around underwriting appetite, expectations, and product offerings at territory agency centers.
- Regular consultative calls to agencies to discuss commercial production and review their marketing plans around business insurance, along with conducting regular training webinars for agents.
- Acting in a formal mentorship capacity for new hire underwriters, providing guidance and feedback through audit reviews of their transactions, along with assisting in the training of new hires.
Brokerage Placement Specialist
Farmers Insurance - Kraft Lake Insurance Agency
12.2020 - 03.2021
- Review of commercial risks to determine acceptability with the participating carriers in a brokerage setting.
- Binding and servicing of policies with participating brokerage carriers.
- Answering of risk specific questions for Farmers agents.
- Identification and referral of unacceptable risks to secondary markets.
- Building relationships with the various carrier underwriters and marketing staff for efficient review of submissions and answering of carrier-specific questions.
Product Manager
Hastings Mutual Insurance Company
08.2020 - 12.2020
- Monitored market trends and competitor performance to recommend and implement improvements to insurance products, including drafting of new forms and endorsements for the company.
- Partnered with the actuarial department for review of rate indications and filing of recommended rate changes.
- Submitted filings to the state departments of insurance and responded to any objections, facilitating approval of filings.
- Participated in an ongoing project to transition book of business to a new policy processing platform, collaborating with IT, legal, underwriting, and the project management teams.
Senior Office Claims Representative - Specialty Liability
Farmers Insurance
05.2013 - 05.2015
- Developed investigation and critical thinking skills while handling property damage and bodily injury liability claims under Specialty Dwelling Liability policies.
- Functioned as Team Lead of the department’s internship program, reviewing the interns’ claim files for accurancy.
- Selected as the Arbitration Lead for the department, triaging all arbitration claims to the various representatives while also handling arbitration filings directly.
Senior Office Claims Representative- Auto
Farmers Insurance
01.2012 - 05.2013
- Refined time management and organizational skills while processing coverage and liability investigations on personal auto claims.
- Improved leadership capabilities while acting as coach for the team; providing assistance and guidance for teammates when necessary, and reviewing the quality of teammates’ claim files.
Education
Bachelor of Science - Criminal Justice
Loyola University Of Chicago
Chicago, IL2010
Skills
- Team leadership
- Interpersonal and written communication
- Conflict resolution
- Self-motivated
- Negotiation skills
- Time management
Certification
- Chartered Property Casualty Underwriter (CPCU).
- Associate in General Insurance (AINS).
- Commercial Lines Coverage Specialist (CLCS).
- Active Michigan P&C license.
Timeline
Senior Underwriter
Distinguished Programs
01.2024 - Current
Commercial Insurance Underwriter
Chubb
09.2023 - 01.2024
Brokerage Placement Specialist
Farmers Insurance - Kraft Lake Insurance Agency
12.2020 - 03.2021
Product Manager
Hastings Mutual Insurance Company
08.2020 - 12.2020
Commercial Underwriter III
Farmers Insurance
05.2015 - 09.2023
Senior Office Claims Representative - Specialty Liability
Farmers Insurance
05.2013 - 05.2015
Senior Office Claims Representative- Auto
Farmers Insurance
01.2012 - 05.2013
Bachelor of Science - Criminal Justice
Loyola University Of Chicago