Property Underwriting Specialist
3 weeks ago
At General Re Corporation, we are seeking a skilled Property Facultative Underwriter to join our Berkshire ReFacultative Team. This role offers the opportunity to work with a global reinsurance company, delivering reinsurance solutions to the Life/Health and Property/Casualty insurance industries.
Key Responsibilities:
- Underwrite shared and layered property deals from various clients, including multinational, regional, and specialty clients.
- Understand standard risk coverages, policy forms, terms, and conditions.
- Learn various property lines of business, including complex property, inland marine, power generation, petrochemical, boiler, and machinery.
- Use underwriting tools and technical referrals to calculate accurate technical premiums.
- Provide clear documentation highlighting the underwriting thought process.
- Assess risk hazards and exposure, understanding the relationship between company risk appetites and these factors.
Marketing and Business Development:
- Develop and maintain broker relationships, participating in broker visits and events.
- Understand client markets and segmentations, including E&S, specialty, middle market, and large accounts.
- Analyze market pricing, current trends, and implementation of value-for-value concepts.
- Negotiate with brokers on pricing, terms, and conditions.
Role Qualifications and Experience:
- Minimum 3-10 years of industry experience in property underwriting, with reinsurance experience preferred.
- Excellent verbal and written communication skills.
- Superior interpersonal and critical thinking skills.
- Capacity to work within a remote team environment.
- Excellent organizational skills and attention to detail.
Salary Range:
91,000.00 USD - 100,000.00 USD
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