VP, Underwriter- US Other Property

7 days ago

Minneapolis, United States RenaissanceRe Full time
RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

About RenaissanceRe

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).

About the Position

Reporting directly to the SVP, Head of Other Property, the VP, Underwriter - will be responsible for the production, marketing and analysis of property insurance and reinsurance. Property insurance business is predominantly written through MGAs directly on our balance sheets. The property reinsurance business is written on our RenRe US balance sheet, predominantly in quota share form. This individual will have a strong US Property Underwriting background with a focus on U.S. domiciled business, with established broker and client relationships. They will be responsible for identifying and cultivating partnerships with MGAs, treaty clients, and broker relationships. This individual will be a thought-leader and seek new opportunities to deploy RenaissanceRe's expertise to solve critical issues impacting its clients.

The VP, Underwriter- US Other Property, role will be expected to work collaboratively with partners and peers across our global footprint, including Minneapolis, New York, London, Bermuda, and Zurich.

Key Responsibilities
  • Contribute to the development and maintenance of a profitable book of business. Handles day-to-day underwriting and assists in the management of our MGA partnerships.
  • Build and manage client and MGA relationships. Through the audit process, ensure robust monitoring and provide advice to clients regarding the management of the business.
  • Assist in recruiting and developing team members to support the growth of the business.
  • Share market insights with team members regarding market dynamics including opportunities and threats.
  • Maintain a high level of expertise and product knowledge to serve as a resource for clients and staff.
  • Identify, design, and drive marketing synergies, by developing creative solutions to client problems.
  • Maximize use of RenRe risk and underwriting tools and analytics; enhances the risk management culture within the team.
  • Maintain ongoing, self-directed professional development and study.
  • May manage, mentor, train and develop analysts.


Candidate Qualifications:
  • A college or university degree required
  • Typically, a minimum of 7 to 10 years' experience in the (re)insurance business with deep knowledge of global insurance and reinsurance markets
  • Good understanding of E&S property lines and a thorough understanding of insurance policy forms, terms, and conditions
  • Has a deep understanding of catastrophe modeling, reinsurance pricing schemes and the role and impact of actuarial, finance and claims in the underwriting process
  • An ability to grasp actuarial concepts and interpret model results accurately
  • A reputation for managing effective relationships with clients and brokers
  • Exhibits effective analytical, problem-solving, and decision-making skills,
  • Communicates effectively. Receptive to new ideas
  • Reacts effectively to changing conditions. Anticipates and constructively advances the need for positive change
  • Exhibits solid individual and team leadership skills
  • Demonstrates sensitivity, respects cultural differences, and acts in an ethical manner at all times
  • Acts courageously. Makes unpopular decisions in the best interests of the company
  • Must be able to deal with all people in order to be most effective
  • Intellectual curiosity, analytical ability and negotiating skills are critical to success in the position
  • Good understanding of portfolio management
  • Excellent written and verbal skills essential
  • Strong interpersonal skills with the ability to communicate professionally at all levels of the organization as well as externally with key clients, brokers, and vendors
  • Travel required


Leadership Competencies & Values:
  • Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes
  • Execution: Proactively identifies resources, actions and timelines needed to achieve objectives, effectively balancing tactical pressures with broader implications and downstream impact
  • Communication: Shares relevant information in a timely manner with stakeholders and conveys points of view in a way that influences opinions and demonstrates flexibility
  • Client and solutions focus: Identifies process and service opportunities that enhance the external and internal client experience and outcomes
  • Innovation: Stretches self and others to think differently and innovatively, drawing upon multiple sources for ideas and inspiration
  • Learning mindset: Seeks out and explores new assignments, exposure, or challenges in order to enhance technical skills
  • Values: Exemplifies and champions RenaissanceRe's core values of Focus, Respect, Integrity, Precision, Passion


Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.

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