Property Underwriting Director

  • 38047
  • Non-Life - Underwriting
  • |
  • Ohio, United States
  • |
  • Aug 25, 2020
Reinsurance
RESPONSIBILITIES
  • Review underwriting submissions and price property reinsurance structures, including Catastrophe XOL, Property Per Risk XOL, Quota Share, and Aggregate XOL contracts.
  • Provide quotes and authorize on contracts.
  • Negotiate contract terms with brokers.
  • Identify opportunities to best diversify portfolio.
  • Work with catastrophe modeling and actuarial teams to evaluate submissions.
  • Coordinate review of contract wording and discuss with legal counsel.
  • Operate within corporate risk guidelines with respect to property aggregates.
  • Manage relationships with clients and reinsurance brokers, evaluate needs and propose solutions.
  • Assist with business development initiatives relating to new products and client/broker strategy.
  • Assist in the development and updating of internal rating models.
  • Conduct marketing visits and underwriting audits and attend conferences.
  • Coordinate with claims and actuarial teams on claims reporting and property loss reserves.
  • Work with underwriting assistant/s and/or accounting team to update accounting system of record.
QUALIFICATIONS
  • Experience underwriting or brokering Property Catastrophe, Excess Per Risk, Quota Share contracts required.
  • Experience underwriting U.S. accounts preferred. Experience underwriting non-U.S. accounts is a plus.
  • Experience with property reinsurance pricing methods including exposure and experience analysis for catastrophe and non-catastrophe perils.
  • Exemplary analytical and problem-solving skills.
  • - Knowledge of third-party catastrophe modeling software products, their applicability to underwriting reinsurance business and evolution over time.
  • Advanced user of Microsoft Excel; proficiency with Microsoft Access or other database software products; and familiarity with simulation software applications.
  • Undergraduate degree required and industry designations a plus.