Structured Insurance Property Underwriter

Ryan Specialty • New York, NY

120d • $120,000 - $150,000

About The Position

The Structured Insurance Property Underwriter is responsible for underwriting new and renewal structured property insurance opportunities, focusing on profitable and sustainable portfolio development for represented carriers. Utilizing complex structuring techniques, the role is to create bespoke property insurance and captive reinsurance risk solutions to meet the needs of large commercial and corporate clients and their captive reinsurers while building strong relationships with these clients and their brokers. Under the direction of underwriting leadership and working collaboratively using a business team approach, the underwriter meets the unique needs of clients while delivering strong results to the company and the carriers it represents. USQRisk is a leading global alternative risk transfer MGU that provides structured insurance solutions for complex and unique risks.

Requirements

• 5+ years of property & casualty underwriting, with exposure to complex/structured solutions.
• Bachelor’s or Master’s degree in Risk Management, Actuarial Sciences or Business Administration is strongly recommended.
• Applicable state P&C and/or surplus lines licenses.

Nice To Haves

• CPCU, CIC, or equivalent advanced certifications.

Responsibilities

• Underwrite and develop bespoke structured property (re)insurance solutions for complex and unique property risks for large commercial and institutional clients.
• Evaluate, select, and price risks with a focus on long-term profitability and alignment with underwriting guidelines.
• Participate in portfolio development that balances profitability with risk assumption.
• Manage existing, and develop new, risk and pricing models together with the internal stakeholders.
• Implement client acquisition and renewal strategy and actively monitor the company’s and its carriers’ property portfolio to assure growth while maintaining alignment with profitability and risk assumption metrics.
• Assure timely review of submissions, delivery comprehensive and well-crafted underwriting proposals, and delivery of insurance or captive reinsurance documentation, including rate, quote, and bind processing, premium management, and delivery of policies and endorsements.
• Conduct comprehensive individual risk assessment, including understanding the location and nature of insurable risks, the coverages sought, exposure, safety features, and the insureds’ industries.
• Assure that each risk is properly modelled and priced.
• Determine appropriate insurance and captive reinsurance structures, including setting risk limits, premiums mechanics, and terms and conditions for structured property solutions.
• Negotiate bespoke terms and conditions with brokers while identifying cross-selling and additional opportunities for the company and the group.
• Build and maintain long-term professional relationships with brokers, carriers, captive managers, and corporate and financial institution clients.
• Represent USQRisk and affiliates at industry events and stay ahead of emerging market trends, and regulatory developments.
• Develop strategic initiatives to secure new business opportunities and assure renewals to expand the structured property portfolio while assuring profitability of the portfolio.
• Partner with internal teams to optimize processes, integrate new risk solution concepts, share techniques and developments, and develop business strategies to align team goals with strategic business objectives.
• Contribute to premium forecasting, budgeting, and performance reporting, as well as aid in developing standards.

Benefits

• Paid time off for company holidays, vacation, sick and personal days.
• Paid parental leave.
• Mental health services.
• Full-time roles are eligible for bonuses and benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees