Senior Treaty Underwriter

Farm Mutual Re • Cambridge, ON

36d • Hybrid

About The Position

Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions
for varied insurance lines and helps mutual insurers keep their promises by
providing financial stability and insurance capacity. Recognized as Waterloo
Area’s Top Employers 2026, Southwestern Ontario’s Top Employers 2025, and
Canada’s Greenest Employer 2025, we remain committed to making a meaningful
impact on our members, customers, employees, and business partners. Our values
of care, trust, courage, and sustainability foster a sense of belonging and
guide our decisions and actions.

The Opportunity

Reporting to the VP, Reinsurance Portfolio Management, the Senior Treaty
Underwriter is responsible for underwriting complex reinsurance treaty
arrangements, managing key client relationships, and contributing to portfolio
performance. The role focuses on assessing treaty and portfolio-level risk,
structuring reinsurance solutions, and exercising underwriting authority to
support profitable growth in alignment with the organization’s risk appetite and
strategic objectives. Operating with a high degree of autonomy, the Senior
Treaty Underwriter evaluates large and complex treaty submissions, determines
appropriate coverage structures and pricing, and makes independent decisions to
accept, modify, or decline risks based on comprehensive underwriting, actuarial,
and market analysis.

This position offers a hybrid work environment, with a primary corporate office
in Cambridge and access to a satellite office in Toronto.

Requirements

• Bachelor’s degree required, with advanced insurance credentials (CIP or FCIP) and/or a relevant advanced degree.
• 8+ years of underwriting experience in the reinsurance industry, with a strong focus on property and casualty treaty business and technical underwriting.
• Demonstrated success managing a profitable underwriting portfolio, including strong broker and client management capabilities and deep market knowledge.
• Advanced technical underwriting expertise, with the ability to assess and balance contract wording, exposure, pricing adequacy, claims dynamics, and strategic objectives.
• Proven ability to solve complex, non-routine underwriting and portfolio issues, synthesizing inputs from actuarial, claims, broker submissions, risk appetite, and contract intent.
• Ability to exercise independent underwriting authority, escalating high-severity, high-ambiguity, or complex matters with clear options analysis and well-supported recommendations.

Responsibilities

• Independently underwrite complex new and renewal treaty business, including nonstandard structures and multiline portfolios, recommending pricing, capacity, and terms aligned with risk appetite and underwriting standards.
• Build and maintain strong broker relationships to support profitable growth, solution oriented underwriting, and a sustainable pipeline of target business.
• Analyze and negotiate treaty wordings to identify and mitigate coverage, aggregation, and exposure risks, ensuring contract clarity and alignment with intended coverage outcomes.
• Partner closely with Pricing & Modelling to align underwriting judgment with technical pricing, catastrophe, and accumulation analysis, ensuring a consistent and risk adjusted view of portfolio exposure and performance.
• Act as technical authority, providing expert guidance on complex underwriting decisions, contract interpretation, and portfolio implications
• Monitor and analyze portfolio performance, identifying trends, emerging risks, and profitability drivers, and recommending strategic underwriting and portfolio actions.

Benefits

• Flexible hybrid work environment, which balances remote and in-office work
• A comprehensive wellness plan, including personalized health coaching, fitness classes, and access to an on-site gym
• Ongoing professional development opportunities, such as paid education, training, certifications, mentorship programs, and personalized career development plans
• Paid volunteer day to give back to your community
• In addition to our competitive salary, employees also receive exceptional employer-paid benefits, a defined benefit pension plan, and more to support their future

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level