Justin Riedel, CPCU, RPLU, AU, CCUE, ASLI

Director, P&C Underwriting at Trustage

Madison, Wisconsin, United States

About

Director, P&C Underwriting with a demonstrated history of results in the insurance industry. Skilled in both professional and commercial lines underwriting in the private, public, and financial institutions space. Strong financial background from University of Wisconsin-Madison with a continued focus on insurance specific designations.

Experience

  • TruStage (14 yrs)
    • Director, P&C Underwriting
      Dec 2021 - Present · 4 yrs 8 mos

      Provide overall strategic leadership of our P&C products Responsible for leadership, management, coaching, and communication for underwriting managers and professional staff Collaborate with sales, brokerage, actuary, product, risk management, and claims to drive financial results, efficiencies, and customer satisfaction Identify and implement underwriting process to ensure timely & accurate selection, classification, and pricing of insureds Accountable for the selection, development, and retention of the underwriting team Drive underwriting excellence culture within the department Prepare annual budget, schedule expenditures, and analyze variances

    • Senior Underwriting Manager
      Aug 2018 - Dec 2021 · 3 yrs 5 mos

      Accountable for the performance and results of an Underwriting team Responsible for development of individuals through ongoing feedback and daily support Drive prospecting and new business production for the Credit Union Protection unit Demonstrate core underwriting competencies and support the group with strategic initiatives Subject matter expert for our Strategic Audit Objectives, Red Flag Reports, and Underwriting Scorecards Provide technical underwriting guidance and approvals to members of the underwriting team Recruit, select, and orientate new employees Consult on new program opportunities and act as a referral source for our new Lawyers E&O program

    • Lead Senior Underwriter
      Mar 2015 - Aug 2018 · 3 yrs 6 mos

      New Business production of over 6M in written premium since 2014 Assess exposures & recommend appropriate insurance programs for the most complex Credit Unions up to 5B in assets Lead our commercial lean team that drives corporate initiatives for process development and efficiencies Collaborate with sales, claims, & brokerage to bring all appropriate products to assigned accounts Consult with staff underwriting on complex precedent setting exposures or coverage issues to develop underwriting policy and strategy Nationwide travel to assist in delivery of renewal or new business presentations Provide technical underwriting guidance and approvals to members of the underwriting team Focus & knowledge of the Financial Institution market place, loss drivers & Insurance industry trends

  • Chubb (4 yrs 9 mos)
    • Public Company Executive Protection Underwriter
      Nov 2009 - Aug 2012 · 2 yrs 10 mos

      Executed a 6.5M Large Private and Public Company renewal book for the WI & Chicago territories Employed both internal and external marketing tools to reach a 1M new business goal Built successful relationships with executives from small cap to fortune 200 companies Communicated and implemented corporate strategies to Independent and International Brokerages Regularly worked with policy wording and modifications to fit client needs Provide deep analysis of company financials, industry, stock performance, and market conditions

    • Private Company Executive Protection Underwriter
      Jun 2008 - Nov 2009 · 1 yr 6 mos

      Served as a primary new business and renewal underwriter for Professional lines in the Cleveland territory Focus on building and maintaining relationships with both independent & regional agencies Branch Marketer for Private/Public Executive Protection, E&O, & Financial Institutions Grew a 1.5M renewal book and obtained 1.2M in new business Centered on becoming regional financial & market expert

    • Underwriter Trainee
      Dec 2007 - Jun 2008 · 7 mos

      Managed and effectively collaborated with Marsh USA on a 1.2M Executive Protection renewal book Led new hire financial analysis training & Cash Flow presentations for the team Prospected a book of business for account rounds & new business prospects Charged with marketing and differentiating the Chubb brand & products from competitors

  • Financial Advisor Intern at Waddell & Reed
    May 2006 - Sep 2006 · 5 mos

    Created articles on trending financial issues & products for advisors and customer newsletters Searched and compiled databases used for marketing efforts Helped solve specific financial case studies for customers (Investment Vehicles)