Property Treaty Underwriter - National Unit

Gen Re • Stamford, CT

34d • 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 Property Treaty Underwriter - National Unit to work in our Stamford office. This is a hybrid role with 3 days in the office and 2 days remote. This role sits within our National Business Unit, working with some of the largest global and national insurers. 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 property exposure. There is also potential to work on casualty business in addition to property.

Requirements

• Minimum of 8 years of relevant underwriting experience in the insurance/reinsurance industry.
• Strong property background.
• Strong quantitative skillset.
• 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 background (FCAS/ACAS) is not required, but a strong quantitative skillset is, and we would welcome an actuary looking to move into more of an underwriting role.
• CPCU/ARe designations preferred.
• Some travel required.

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 commercial and personal lines of business with a strong property background.
• Assess and analyze exposure to loss.
• Demonstrate knowledge of primary insurance policy forms.
• Understand primary insurance rate making.
• Possess reinsurance knowledge encompassing either treaty reinsurance background or facultative underwriting handling more complex risks or programs.
• Understand treaty pricing tools and concepts.
• Demonstrate knowledge of insurance company financial statements and how financials relate to reinsurance purchasing decisions.
• Assess and price per-risk property business, including personal, commercial, and industrial risks, with the ability to assess large risks and attritional loss exposure.
• Perform per-risk technical analysis, including risk profile analysis and evaluation of construction, occupancy, and protection.
• Demonstrate knowledge of natural catastrophe exposure across key perils, including named windstorm / hurricane, earthquake, severe convective storm, wildfire, flood, and winter storms.
• Utilize experience with various treaty structures, including per-risk and catastrophe excess-of-loss, working and clash layers, quota share, and surplus treaties.
• Apply knowledge of property-specific treaty terms such as occurrence definitions, hours clauses, reinstatements and reinstatement premiums, event limits, and inuring reinsurance.
• Employ property pricing methods, including exposure rating and experience rating, and blending catastrophe model output with underwriting judgment.
• Understand the insurance marketplace and company reinsurance buying motivations.
• Participate in opportunity generations and pre-qualification process.
• Work with client teams to build business opportunities, explain reinsurance structures and pricing, and articulate the value of General Re in buying decisions.
• Play an advisory role to clients by sharing underwriting expertise.
• Effectively communicate positions, look at alternatives and work through 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
• Hybrid role with 3 days in the office and 2 days remote
• Celebrate diversity and are committed to creating an inclusive environment for all employees.
• Afford 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: Senior
• Education Level: No Education Listed