Kyle Morhardt Email & Phone Number

(Current Job Description) The Senior Vice President and Chief Underwriting Officer reports directly to the Executive Vice President and Chief Operating Officer and leads the Underwriting function with responsibility for the company’s underwriting profitability, underwriting strategy, product development and management, underwriting guidelines, and regulatory filings. Accountability includes the use and deployment of predictive analytics to drive the development and management of profitable underwriting and product solutions for small account business, while sophisticated loss rating models drive the underwriting of large accounts. This position is responsible to achieve business results that align with corporate goals through directing and overseeing work that improves quality and efficiency; developing technical competencies in the strategic business groups and other staff; and providing products and services to compete effectively in the marketplace. Responsible for staying current with regulatory, legislative, industry and economic trends. This position requires regular analysis of book of business performance and trends and recommends adjustments and responses; reviews changes and compliance requirements and ensures conformance; and develops external customer knowledge about the insurance line(s) of coverage. Responsibilities also include the development, monitoring and management of corporate rate and pricing strategies. Workers’ Compensation line of business is excess of $500.0 million written premium in 28 states. Functional oversight of Product, Underwriting Operations, and Premium Audit (staff consists of approximately 50 employees and managers).

Executive Officer responsible for directing all aspects of insurance company operations pertaining to large account production, service, profitability, resource evaluation, and budgeting. Book consists of approximately $450.0 million of direct written premium for property and casualty lines of coverage (specializing in Healthcare, Construction, Manufacturing, Higher Education, and Wholesale/Retail exposures). Standard Premium equivalent was approximately $700.0 million. Premium writings were split Workers’ Compensation (75.0%), Commercial Automobile (15.0%), and General Liability (10.0%) with significant portion of Workers’ Compensation risks being insured through loss sensitive, risk sharing programs (including group programs and captives). Third Party coverage was underwritten principally on a guaranteed cost basis. Territorial managerial responsibility included Connecticut, Delaware, Florida (Tampa), Georgia, Illinois (Chicago), Maryland, Massachusetts (Boston), New Jersey, New York (including New York City), North Carolina, Pennsylvania (offices in Harrisburg, Pittsburgh, and Philadelphia), South Carolina, Tennessee (Nashville), Texas (Dallas) and Virginia (Richmond). PMA was licensed and filed in all 50 states and conducted business actively in all jurisdictions. Managerial responsibility included direction and oversight of a staff numbering 39 underwriting and marketing professionals (all specialized in large account production).Additional responsibilities included technical oversight of middle market underwriting (known as Commercial Markets) and captive underwriting group (known as Specialty Markets).). Responsible for the strategic development and implementation of operational initiatives relative to program design, territorial penetration, marketing and production, and resource allocation. Responsible for the maintenance of underwriting documentation, quality analysis, and account management processes.

Executive Officer responsible for directing all aspects of insurance company operations pertaining to large account production, service, profitability, resource evaluation, and budgeting. Book consisted of approximately $350.0 million of direct written premium for property and casualty lines of coverage (specializing in Healthcare, Construction, Manufacturing, Higher Education, and Wholesale/Retail exposures). Standard Premium equivalent was approximately $500.0 million. Premium writings were primarily Workers’ Compensation (75.0%), Commercial Automobile (15.0%), and General Liability (10.0%) with significant portion of Workers’ Compensation risks being insured through loss sensitive, risk sharing programs (including group programs and captives). Third Party coverage was underwritten mostly on a guaranteed cost basis. Territorial managerial responsibility includes Connecticut, Delaware, Florida (Tampa), Georgia, Illinois (Chicago), Maryland, Massachusetts (Boston), New Jersey, New York (including New York City), North Carolina, Pennsylvania (offices in Harrisburg, Pittsburgh, and Philadelphia), South Carolina, Tennessee (Nashville), Texas (Dallas) and Virginia (location of physical underwriting presence). PMA was licensed and filed in all 50 states and conducted business actively in all jurisdictions. Managerial responsibility included direction and oversight of a staff numbering 39 underwriting and marketing professionals (all specialized in large account production). Responsible for the strategic development and implementation of operational initiatives as they relate to program design, territorial penetration, marketing and production, and resource allocation. Responsible for the maintenance of underwriting documentation, quality analysis, and account management processes. Responsible for the development and implementation of the current organizational alignment and underwriting risk selection process.

Executive position responsible for directing all aspects of insurance company operations pertaining to large account production, service, profitability, resource evaluation, and budgeting. Book consists of approximately $145.0 million of property, casualty, and disability premiums. Territorial responsibility includes Eastern Pennsylvania (Harrisburg and Philadelphia), New Jersey, New York (including New York City), and Delaware. Managerial responsibility included direction and oversight of one referral specialist, four territorial managers (and their staff), and one production underwriter. Instrumental in the development and implementation of underwriting documentation, quality analysis, and account management processes. Assisted in the development and implementation of segment organizational alignment and underwriting processes. Instrumental in establishing “best practices” and operational standards for underwriting and marketing functions. Also, acted as corporate liaison for maintaining and growing National Brokerage relationships, in particular, Marsh.

Responsible for improving branch reputation, establishing a large account marketing presence, increasing production, and improving profitability in a stagnant territory. Book consisted of approximately $56.0 million of property and casualty insurance direct written premiums (mostly large deductible policies with a standard premium excess of $100 million). Territorial responsibility included Northern and Central New Jersey producers. Managerial responsibility included the direction and oversight of three underwriting specialists, three underwriting support technicians, and one administrative support position. Established underwriting documentation format and standards, branch quality analysis procedures, and account management processes. Established department budget and provided direct oversight for expense management.

Responsible for directing all aspects of a self contained underwriting unit including property and casualty account production, service, profitability, budgeting, expense management, and employee performance evaluation. Effectively managed a book of business consisting of approximately $100.0 million of property and casualty premium. Accounts ranged in size from $25,000 to $2.0 million. Improved business relationships with strategic corporate partners (Marsh and AON). Responsible for managing the daily activities of seven underwriters, one sales representative, five customer service representatives, one auditor, and one loss control representative. Responsible for establishing, maintaining, and monitoring sales plans and visitation schedules, producer incentive bonus agreements, underwriting quality, account pricing, and account management process.

Master Of Business Administration, Finance

Bachelor Of Science, Business Administration; Finance And Marketing