Casualty Treaty Underwriter

Gen Re Corporation • Stamford, CT

1d • $150,000 - $250,000 • Hybrid

About The Position

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re. Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies. Gen Re currently offers an excellent opportunity for Casualty Treaty Underwriter to work in the The Mutual Practice Treaty based in our Stamford office. This is a hybrid role. The Treaty Underwriter’s primary responsibility is to assess, underwrite, price and structure new and renewal treaty business consistent with General Re’s risk appetite and profit margin expectations. The person needs to be able to effectively explain his/her findings and positions to both internal stakeholders as well as external clients. This role will be primarily focused on treaties with casualty exposure.

Requirements

• Minimum of 8 years of relevant professional experience in the insurance/reinsurance industry with a strong casualty background.
• Excellent communication and presentation skills.
• Demonstrated ability to work effectively with others.
• Demonstrated ability to work calmly and effectively under time constraints.
• Strong time management and organizational skills.
• Strong analytical skills.
• Self-starter and ability to multi-task.
• Proficient in Microsoft Office products, e.g. Excel.
• Reinsurance contract knowledge.

Nice To Haves

• Actuarial or strong quantitative background.
• Professional lines experience, E&O, D&O, and medical malpractice.
• CPCU/ARe designations.

Responsibilities

• Assess, underwrite, price and structure new and renewal treaty business consistent with General Re’s risk appetite and profit margin expectations.
• Effectively explain findings and positions to both internal stakeholders as well as external clients.
• Handle casualty lines of business, including assessing and analyzing exposure to loss, primary insurance policy form knowledge, and understanding of primary insurance rate making.
• Apply reinsurance knowledge encompassing either a treaty reinsurance background or facultative underwriting handling more complex risks or programs.
• Utilize treaty pricing tools and concepts.
• Analyze insurance company financial statements and understand how financials relate to reinsurance purchasing decisions.
• Underwrite and price casualty lines such as general liability, commercial auto liability, umbrella and excess, and workers’ compensation. Professional lines experience (E&O, D&O, and medical malpractice) is a plus.
• Work with both proportional and non-proportional casualty structures (quota share, surplus, and excess-of-loss, including working-layer and clash covers).
• Price casualty using experience and exposure rating with appropriate treatment of ALAE.
• Understand loss-sensitive treaty terms such as sliding-scale and profit commissions, loss corridors, and swing-rated premiums.
• Evaluate the cedent's underwriting philosophy, rate adequacy relative to loss trend, claims handling, and reserving practices.
• Assess casualty loss trends, including the impact of social inflation, nuclear verdicts, third-party litigation funding, and potential mass-tort exposures (e.g., PFAS).
• Understand the insurance marketplace and company reinsurance buying motivations.
• Participate in opportunity generation and pre-qualification processes.
• Work with client teams to build business opportunities, explain reinsurance structures and pricing, and articulate the value of General Re in buying decisions.
• Share underwriting expertise to play an advisory role to clients.
• Effectively communicate positions, explore alternatives, and resolve issues while maintaining underwriting discipline.
• Proactively work to anticipate and solve issues that hinder a successful business outcome.
• Make suggestions that build business and/or improve processes.

Benefits

• Excellent opportunity for Casualty Treaty Underwriter
• Hybrid role
• Superior financial strength ratings from major rating agencies
• Celebrates diversity and is committed to creating an inclusive environment for all employees.
• Affords equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law.
• Provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed