Property Treaty Underwriter
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 to work in the Regional & Specialty Treaty based in our Stamford office. This is a hybrid role.
Requirements
- Minimum of 8 years of relevant underwriting experience in insurance/reinsurance industry.
- Strong property 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 is a plus.
- CPCU/ARe designations preferred.
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 strong property background.
- Assess and analyze exposure to loss.
- Utilize primary insurance policy form knowledge.
- Understand primary insurance rate making.
- Apply reinsurance knowledge encompassing treaty reinsurance background or facultative underwriting.
- Understand treaty pricing tools and concepts.
- Analyze insurance company financial statements and their relation to reinsurance purchasing decisions.
- Assess and price per-risk property business, including personal, commercial, and industrial risks.
- Assess large risks and attritional loss exposure.
- Perform per-risk technical analysis, including risk profile analysis and evaluation of construction, occupancy, and protection.
- Analyze natural catastrophe exposure across key perils, including named windstorm / hurricane, earthquake, severe convective storm, wildfire, flood, and winter storms.
- Work 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.
- Utilize property pricing methods, including exposure rating and experience rating, and blend catastrophe model output with underwriting judgment.
- Understand 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 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 for Property Treaty Underwriter
- Hybrid role
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
