Senior Underwriter, Casualty Facultative Reinsurance
About The Position
This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations. Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way. The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric. Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline. Ascot is seeking a Senior Underwriter, Casualty Facultative Reinsurance to join Ascot Re U.S., part of the Ascot Group. In this role you’ll be part of a collaborative team of specialist underwriters and support staff, led by subject-matter-experts with extensive re/insurance experience, with the goal of maintaining, growing, and servicing a profitable U.S. casualty facultative book of business. Ascot Re U.S. utilizes Ascot’s Lloyd’s Syndicate 1414, to provide facultative reinsurance in the United States. We are a broker-only market offering a broad range of tailored property and casualty reinsurance products on an individual risk or automatic facultative facility basis, subject to underwriting.
Requirements
- A minimum of 4 years of underwriting experience in insurance or reinsurance industry.
- Bachelor’s degree or equivalent professional experience.
- Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
- Strong critical thinking skills.
- Excellent organizational, desk management and prioritization skills with the ability to work independently and as part of a team.
- Must be positive, self-motivated, and possess strong interpersonal, communication and presentation skills.
- Possess strong technical, analytical, and quantitative skills.
- Excellent oral and written communication skills, ability to successfully negotiate in difficult situations with agents and brokers.
- Solution oriented team player with a strong relationship management skill set working with both internal and external stakeholders and customers.
- Comfortable in client-facing role with travel (up to 25%).
- Proficient in Microsoft Office , particularly Excel.
Responsibilities
- Quickly prequalify, underwrite and price casualty facultative new/ renewal business submissions of varying size and complexity, in compliance with delegated authority, underwriting guidelines and rating tools.
- Provide superior service to brokers and clients and create visibility through consistent engagement with trading partners.
- Develop a rolling quarterly marketing plan including conferences, events and meetings with the goal of developing productive reinsurance distribution sources.
- Be a key contributor to the development of new and creative casualty facultative opportunities.
- Provide timely responses to inquiries and requests by internal stakeholders.
- Stay current on competition, underwriting environment, market conditions and share that knowledge with colleagues and leadership.
- Contribute to authoring internal white papers regarding appetite; the ongoing development of pricing tools with the actuarial department; and enhancing underwriting guidelines.
- Commit to The Ascot Way : Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
Benefits
- Medical (including prescription coverage)
- Dental
- Vision
- Health Savings Account
- Commuter Account
- Health Care and Dependent Care Flexible Spending Accounts
- Life Insurance
- AD&D
- Work/Life Resources (including Employee Assistance Program)
- Paid holidays
- annual Paid Time Off (includes paid state /local paid leave where required)
- Short-term Disability
- Long-term Disability
- Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)
- Contributory Savings Plan (401k)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
