Head of Underwriting Insurance Programs
About The Position
The role is for Head of Underwriting, Insurance Programs. The primary responsibility of this role is to have 360-degree involvement in all aspects of the Insurance Programs unit – with particular emphasis on oversight of the underwriting function. As Head of Underwriting, you will be tasked with assisting the Head of Programs with all aspects of production, underwriting and operations. Over time, you should develop the knowledge, understanding and comfort level to manage all aspects of the Insurance Programs unit. Ideally, the individual will have at least ten to fifteen years’ experience in insurance and/reinsurance underwriting positions, with a well-balanced understanding of both casualty and property exposures, including professional liability. At a minimum, they should have a strong a proven track record underwriting either property or casualty business. All program underwriters will report to the Head of Underwriting. The relationship here is to lead and support through our performance management system, serve as a role model for our underwriters, identify gaps in underwriting capabilities, and coach the team through complex business challenges. With respect to production, your role will be to steadily develop and share first-call position with our key sources for new programs, and to begin to develop new contacts and relationships. The Head of Underwriting will be recognized as a senior contact/leader of Insurance Programs. The Head of Underwriting will oversee the day-to-day activities of our existing program portfolio and the programs under review. They will work shoulder to shoulder with our underwriting team to ensure that the quality of our engagement with our MGA clients serves to ensure that we have clear line of sight on all aspects of program management: portfolio reviews, underwriting audits, claims, monitoring bordereau, reinsurance and financial results. The depth of our operational capabilities is key to the success of the programs unit. The Head of Underwriting will be engaged with the development of our Target Operating Model and consult with the Head of Operations as new capabilities are launched. The Head of Underwriting will be an important voice in ensuring that we continue to improve our business platform.
Requirements
- Minimum of 10 years of relevant program, insurance, or reinsurance experience.
- Well-balanced understanding of both casualty and property exposures, including professional liability.
- Strong proven track record underwriting either property or casualty business.
- Strong knowledge of the E&S market; primary insurance coverage and forms; and manual, exposure and experience rating techniques.
- Solid understanding of actuarial and accounting concepts.
- A college or university degree is required.
Nice To Haves
- MGA experience is a plus.
- Managerial experience is preferred.
Responsibilities
- Assist the Head of Programs with all aspects of production, underwriting and operations.
- Lead and support program underwriters through the performance management system.
- Serve as a role model for underwriters, identify gaps in underwriting capabilities, and coach the team through complex business challenges.
- Develop and share first-call position with key sources for new programs, and develop new contacts and relationships.
- Oversee the day-to-day activities of existing program portfolio and programs under review.
- Ensure quality of engagement with MGA clients, with clear line of sight on all aspects of program management: portfolio reviews, underwriting audits, claims, monitoring bordereau, reinsurance and financial results.
- Engage with the development of the Target Operating Model and consult with the Head of Operations as new capabilities are launched.
- Become familiar with all aspects of each program in the portfolio, including subject business, underwriting guidelines, accounting, claims handling, and MGA relationship status.
- Research the Insurance Program landscape, including largest program managers, carriers, and competitor operations.
- Serve as primary support for program underwriters, ensuring day-to-day oversight and anticipation of potential issues.
- Raise the qualitative and quantitative level of sophistication in evaluating new opportunities and maintaining in-force programs, including underwriting documentation, rationale, audit reports, and key metric tracking.
- Attend Target Markets to understand how to effectively communicate the business proposition and lead discussions with potential customers.
- Provide insight and support to the Target Operational Model project, offering consultative assistance and anticipating deficiencies.
- Evaluate and review reinsurance of new and existing programs to ensure PartnerRe’s net position and coverage is appropriate.
- Establish and develop new relationships with key brokers and program managers in the marketplace.
- Annually review Insurance Program’s Risk Appetite and its alignment with the broader PartnerRe appetite.
- Ensure compliance with Internal Audit directives.
Benefits
- Diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
