Senior Underwriter, Treaty Property Reinsurance
State Auto
- Boston, MA Stamford, CT
- $192,500 per year
- Permanent
- Full-time
- You will annually draft an assumed reinsurance business plan that emphasizes diversified growth, controls aggregate exposures, achieves a return on equity that meets Company standards, and maintains an acceptable level of catastrophe protection.
- Underwrites new and renewal catastrophe excess of loss reinsurance programs as well as potential involvement in pro rata and risk excess of loss placements that meet department and business plan guidelines. Perform underwriting audits to ensure continued acceptable performance.
- Develop and implement a marketing plan to facilitate profitable growth. Establishes and maintains positive relationships with brokers and reinsurers to secure opportunities compatible with business plan objectives.
- Track and lead aggregate exposures presented by the assumed book so they remain within business plan parameters.
- Collaborates with the Assumed Reinsurance Underwriting Manager to develop underwriting strategies, techniques, and guidelines.
- Serve as a technical resource to the SBUs and Reinsurance Department on underwriting
- BA or BS degree with a minimum of 5 years of relevant insurance operations experience with preferably 3-5 years underwriting catastrophe excess of loss treaties.
- Specific knowledge and understanding of catastrophe models, specifically AIR and RMS.
- A reinsurance background is strongly preferred. The ideal candidate ought to have strong oral and written communication skills and experience writing and executing business plans focused on developing and underwriting a portfolio of property risks generating an acceptable return on equity
- A solid understanding of reinsurance underwriting, claims, accounting concepts, systems and procedures is desirable.
- Needs to have strong broker and reinsurer contacts.
- Marketing experience is a plus.
- A familiarity with Liberty's structure, department/SBU functions, and information systems would be beneficial.