Senior Treaty Underwriter

7 days ago


Chicago, United States Swiss Re Full time
About the role

In this role, you will be responsible for underwriting reinsurance treaty business across all casualty lines - except professional lines. Experience with program management and strong working knowledge of Motor, General Liability and Workers Compensation is desired. Open to both insurance and reinsurance experience. The role may have some analytical work, in addition to underwriting, depending on successful applicant's background and interest. Role will include active engagement with Client Underwriting and our Structured Solutions team, as well as direct contact with trading partners.

This includes:
  • Underwriting
    • Make underwriting decisions within authority levels and support the escalation of treaties exceeding authority in accordance with Referral Guidelines.
    • Proactively initiate discussions with clients to identify their motivation, needs and priorities.
    • Develop appropriate reinsurance solutions that leverage the full range of Swiss Re capabilities including structuring to ensure adequate risk sharing.
    • Develop deal actions aligned with portfolio strategy and financial plan.
    • Recommend treaty terms and conditions including reinsurance contract reviews to ensure all needed wording elements are incorporated.
    • Perform underwriting audits and other client visits as needed.
  • Client Services
    • Build and maintain professional relationships with external clients and internal stakeholders.
  • Planning and Strategy
    • Participate in Swiss Re initiatives, projects, and cross functional teams as needed.
    • Stay educated on rapidly changing Casualty market trends assuring Swiss Re's Casualty underwriting strategy remains current.
  • Training and Development
    • Helps recruit, train, and develop team members as needed.
  • Actuarial
    • Based on candidate's interest, you have an option to combine underwriting with actuarial work ranging from limited actuarial work to full costings.


About the team

The National / Regional Underwriting team is responsible for a diverse range of approximately 200 US ceding companies, including direct and broker-produced business. The team includes senior actuaries and underwriters who work with corresponding client managers and other staff including structured solutions, claims, risk management, reserving, contracts specialists and legal. The team is based across Armonk, NY, Chicago/Schaumburg IL and Kansas City and works with stakeholders in several Swiss Re offices including New York, NY, Toronto Canada and Westlake Village, CA.

**This position can be based in Armonk NY, Chicago/Schaumburg, IL or Kansas City, MO**

About You
  • A minimum of 10+ years of underwriting Insurance/Reinsurance Liability experience with strong knowledge base in Casualty lines (GL, Motor, WC; primary, umbrella, excessas well as special coverages / industries such as Pollution Liability, Construction, etc). Experience with program management is strongly desired.
  • Undergraduate Degree.
  • Willingness and ability to travel (up to 20%).
  • Hybrid work model.


For Armonk, NY, the estimated base salary range for this position is $156,000 to $246,000. The specific salary offered for this, or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

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Reference Code: 129915

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