Senior Underwriter for Reinsurance Programs
2 weeks ago
We are open to considering candidates from various locations.
Join our diverse team of professionals dedicated to fostering a culture that encourages innovative solutions for our business units and clients. We welcome a range of experience for this role, and compensation will be aligned accordingly.
The Company
As part of Munich Re's US operations, we provide the financial strength and stability associated with being a leader in the insurance and reinsurance industry. Our risk specialists collaborate to create the ideal mix of products and services to help our clients maintain their competitive edge, from traditional reinsurance solutions to specialized insurance offerings.
Munich Re Facultative and Corporate (MR F&C) was established to consolidate Munich Re's facultative and corporate operations into a single global unit. This alignment allows us to deliver a comprehensive suite of products and services that address the evolving needs of our clients and broker partners.
The Opportunity
As a Fac Program Underwriter, you will be responsible for underwriting and pricing a portfolio of reinsurance business in line with Munich Re's guidelines, strategic objectives, and profitability criteria. Your role will involve developing recommended risk pricing and terms within your underwriting authority. This includes conducting risk analysis and assessment, evaluating coverage and pricing, and engaging in client negotiations to sustain and grow a profitable reinsurance portfolio.
Key Responsibilities of this position include:
Underwriting:
- Exhibit the ability to underwrite and price moderately to highly complex reinsurance transactions in accordance with corporate, divisional, and departmental guidelines.
- Underwrite new and renewal business, encompassing all tasks related to risk and coverage analysis and pricing, while providing recommendations for proposed terms within your delegated authority.
- Deliver responsive service on all broker and direct client inquiries.
- Possess a thorough understanding of guidelines and demonstrate sound underwriting judgment.
- Adhere to underwriting protocols and delegated authority.
- Show proficiency in utilizing pricing models, tools, and other risk evaluation methodologies.
- Monitor the profitability of assigned clients, including audits for program business.
- Collaborate with colleagues across various functional areas and the organization, sharing knowledge through participation in line of business monitoring and product development initiatives.
- Possess strong knowledge of Munich Re's products and services.
- Identify opportunities both within and outside your area of expertise.
- Build and maintain client relationships.
- Generating new business sources will be a significant aspect of this role.
- Establish and maintain a strong market presence through client and broker strategies.
- Contribute significantly to departmental strategy and its implementation.
- Engage in and provide substantial input for business plan development.
- Execute specific components of the business plan as assigned.
- Plan for self-development to achieve business and personal growth objectives.
- 7+ years of experience in primary insurance and/or reinsurance, with a minimum of 5 years in underwriting.
- Bachelor's Degree in Business, Insurance, or Risk Management is preferred.
- CPCU, ARe designations are advantageous.
- Demonstrated understanding of General Liability, Automobile Liability, and Umbrella/Excess Liability coverage and risk analysis.
- Familiarity with common facultative and treaty reinsurance structures and terms.
- In-depth knowledge of the US insurance and reinsurance markets, supported by participation in industry workshops/conferences and active involvement in professional organizations.
- Excellent oral and written communication skills, with the ability to convey complex transaction structures to both technical and non-technical audiences.
- A high degree of intellectual curiosity, critical thinking skills, analytical problem-solving abilities, and a strong intuition for exploring new approaches to underwriting and pricing methodologies.
- Strong interpersonal skills to effectively engage with clients, brokers, and colleagues.
- Effective time management capabilities.
- Proficient computer skills.
- Ability to develop and implement plans and provide strategic direction for achieving unit goals.
- Willingness to travel for audits and client/broker visits as needed.
The base salary range anticipated for this position is 150,300 - $220,400 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
-
New York, New York, United States RenaissanceRe Full timeAbout the RoleRenaissanceRe is a leading global reinsurer, providing innovative solutions to the insurance industry. We are seeking a highly skilled and experienced professional to join our team as a Vice President, Management Liability Reinsurance.Key ResponsibilitiesDevelop and manage a profitable portfolio of management liability reinsurance business,...
-
VP of Casualty Reinsurance Underwriting
7 days ago
New York, New York, United States QBE Insurance Group Limited Full timeJob SummaryWe are seeking a highly experienced and skilled Senior Casualty Treaty Underwriter to lead our US Specialty Casualty Treaty Underwriting team. As a key member of our organization, you will be responsible for developing and implementing a comprehensive approach to Casualty Treaty underwriting, refining existing operations to ensure processes...
-
New York, New York, United States RenaissanceRe Full timeAbout the RoleRenaissanceRe is a leading global reinsurer, providing innovative solutions to complex risk management challenges. We are seeking a highly skilled and experienced professional to join our team as a Vice President, Management Liability Reinsurance.Key ResponsibilitiesDevelop and manage a profitable portfolio of management liability reinsurance...
-
Senior Reinsurance Broker
7 days ago
New York, New York, United States Gallagher Full timeAbout the RoleWe are seeking a highly skilled and experienced Senior Reinsurance Broker to join our team at Gallagher. As a key member of our treaty team in Manhattan, you will play a critical role in driving value to the retention of existing accounts and contributing to new business production and product development for accounts in the United States.Key...
-
Senior Reinsurance Broker
7 days ago
New York, New York, United States Adecco US, Inc. Full timeAdecco US, Inc. is seeking a highly motivated and experienced individual for a Senior Reinsurance Broker position within our expanding specialist reinsurance broking team. This is an opportunity to join a dynamic and collaborative team, providing support to existing clients as well as cultivating new business with insurance companies and retail brokers...
-
Property Treaty Reinsurance Underwriter
7 days ago
New York, New York, United States QBE Insurance Group Full timeAbout the RoleWe are seeking a highly skilled Property Treaty Reinsurance Underwriter to join our team at QBE Insurance Group. As a key member of our underwriting team, you will be responsible for underwriting property treaty excess of loss and proportional reinsurance, as well as business development and growth activities.Key ResponsibilitiesUnderwriting...
-
Senior Casualty Underwriter
1 week ago
New York, New York, United States jcw llc Full timeJCW is collaborating with a prominent and expanding reinsurer in the industry. In this position, you will report directly to the Senior Vice President overseeing US Casualty, focusing on the underwriting and assessment of casualty insurance offerings. Key ResponsibilitiesUnderwrite a diverse portfolio of casualty insurance to align with risk management and...
-
Senior Casualty Underwriter
2 weeks ago
New York, New York, United States jcw llc Full timeJCW LLC is collaborating with a reputable and expanding reinsurer in the industry. In this position, you will report directly to the Senior Vice President overseeing US Casualty, focusing on the underwriting and assessment of casualty insurance offerings. Primary ResponsibilitiesUnderwrite a diverse portfolio of casualty insurance to align with risk and...
-
Senior Casualty Underwriter
2 weeks ago
New York, New York, United States jcw llc Full timeJCW is currently representing a reputable and expanding reinsurer. In this position, you will report directly to the Senior Vice President overseeing US Casualty, focusing on the underwriting and assessment of casualty insurance offerings. Key ResponsibilitiesUnderwrite a diverse portfolio of casualty insurance to align with risk and return goals.Oversee...
-
Senior Reinsurance Accountant
1 month ago
New York, New York, United States Aston Carter Full timeJob Title: Senior Reinsurance Accountant DescriptionThe Senior Reinsurance Accountant will be an integral contributor to the Direct / Cash / Gen Re Group Reinsurance Accounting team. Responsibilities required of this role include, but are not limited to: Directly assisting manager of the team on ad hoc projects, close activities, etc Processing assumed...
-
New York, New York, United States RenaissanceRe Full timeAbout the RoleRenaissanceRe is a leading global reinsurer seeking a seasoned professional to join our team as a Senior Vice President, General Casualty Underwriter. This is an exciting opportunity to contribute to the company's success and growth in the general casualty reinsurance market.Key ResponsibilitiesDevelop and manage a profitable portfolio of...
-
Senior Casualty Treaty Underwriter
7 days ago
New York, New York, United States QBE Insurance Group Limited Full timeJob SummaryWe are seeking a highly experienced and skilled Senior Casualty Treaty Underwriter to lead our US Specialty Casualty Treaty Underwriting team. As a key member of our organization, you will be responsible for developing and implementing a comprehensive approach to Casualty Treaty underwriting, refining existing operations to ensure processes...
-
Reinsurance Support Analyst
2 weeks ago
New York, New York, United States Emergent Holdings Full timeAbout the RoleThe Reinsurance Team at Emergent Holdings plays a crucial role in the execution of the organization's treaties. This includes system configuration, interdepartmental collaboration, submission preparation, negotiation of contracts and terms, management of treaty documentation, and oversight of compliance and control processes.Key...
-
Senior Casualty Insurance Underwriter
2 weeks ago
New York, New York, United States jcw llc Full timeBecome a key player in a reputable and expanding reinsurance firm.In this role, you will collaborate closely with the Senior Vice President overseeing US Casualty, focusing on the underwriting and assessment of casualty insurance offerings.Key Responsibilities:Evaluate and underwrite casualty insurance portfolios to align with risk management and...
-
VP/SVP/EVP, Reinsurance Program Broker
2 days ago
New York, New York, United States GRe Full timeAbout the RoleGallagher Re is seeking a highly skilled and experienced Reinsurance Program Broker to join our team. As a key member of our Program broking team, you will be responsible for servicing existing accounts, as well as new business production and new product development for all lines of non-life coverage.Key ResponsibilitiesPartner with the...
-
Senior Construction Underwriter
2 weeks ago
New York, New York, United States AXIS Capital Holdings Limited Full timePosition OverviewAXIS Capital Holdings Limited is seeking a seasoned professional to fill the role of Senior Underwriter specializing in the construction industry. This position offers a unique opportunity to leverage your expertise in underwriting while contributing to our commitment to excellence in client service.Key ResponsibilitiesEvaluate and assess...
-
New York, New York, United States Aon Full timeAbout the RoleAon is seeking an experienced Executive Director to join our Reinsurance Solutions team in the Cyber division. As a key member of our team, you will play a critical role in driving the growth of our US reinsurance business.Key ResponsibilitiesWork closely with the Executive Managing Director and senior colleagues to build new business...
-
VP/SVP/EVP, Reinsurance Program Broker
4 days ago
New York, New York, United States Gallagher Full timeAbout the RoleGallagher Re is seeking a highly skilled and experienced Reinsurance Program Broker to join our team. As a key member of our Program broking team, you will be responsible for servicing existing accounts, as well as new business production and new product development for all lines of non-life coverage.Key ResponsibilitiesPartner with the...
-
Strategic Reinsurance Leader
3 days ago
New York, New York, United States Aon Full timeAbout the RoleAon is seeking a highly skilled and experienced Strategic Reinsurance Leader to join our team. As a key member of our Reinsurance Solutions team, you will play a critical role in driving the growth of our US reinsurance business.Key ResponsibilitiesWork closely with the Executive Managing Director and senior colleagues to build new business...
-
Senior Vice President of Marine Reinsurance
4 days ago
New York, New York, United States Gallagher Full timeAbout the RoleGallagher Re, a leading reinsurance advisory and broking firm, is seeking an experienced Marine Reinsurance Broker to join our team. As a key member of our team, you will be responsible for driving business growth, developing client relationships, and providing expert advice on reinsurance solutions.Key ResponsibilitiesCollaborate with...
