Property Underwriting Senior Director

  • 38048
  • 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, Aggregate XOL, ILW, and Property Retro contracts.
  • Provide quotes and authorize on contracts.
  • Negotiate contract terms with brokers.
  • Identify opportunities to best diversify portfolio.
  • Work with catastrophe modeling and actuarial pricing teams to evaluate submissions.
  • Coordinate review of contract wording and discuss with legal counsel.
  • Operate within corporate risk guidelines with respect to property aggregates.
  • Develop new products that complement existing product offering and execute on strategies for implementation.
  • Manage relationships with clients and reinsurance brokers, evaluate needs and propose solutions, including interaction with, or possible participation on, the Business Development Council.
  • Assist in the development and updating of internal rating models and help direct research initiatives as needed.
  • 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 and/or accounting team to update accounting system of record.
QUALIFICATIONS
  • Experience underwriting Property Catastrophe, Excess Per Risk, Quota Share, ILW and Retro contracts required.
  • Experience underwriting U.S. and non-U.S accounts preferred.
  • Exemplary analytical and problem-solving skills.
  • Experience with property reinsurance pricing methods including exposure and experience analysis for catastrophe and non-catastrophe perils.
  • Thorough 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.