Property Treaty Underwriter - National Unit

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.

Gen Re currently offers an excellent opportunity for Property Treaty Underwriter - National Unit to work in our Stamford office. This is a hybrid role with 3 days in the office and 2 days remote. This role sits within our National Business Unit, working with some of the largest global and national insurers.

Role Description

The Treaty Underwriter's primary responsibility is to assess, underwrite, price and structure new and renewal treaty business consistent with General Re's risk appetite and profit margin expectations. The person needs to be able to effectively explain his/her findings and positions to both internal stakeholders as well as external clients. This role will be primarily focused on treaties with property exposure. There is also potential to work on casualty business in addition to property.

Position Responsibilities:

Technical

• Technical underwriting capabilities handling commercial and personal lines of business. Strong property background is required. Technical capabilities include:

o The ability to assess and analyze exposure to loss

o Primary insurance policy form knowledge

o Understanding of primary insurance rate making

• Reinsurance knowledge encompassing either:

o Treaty reinsurance background or

o Facultative underwriting handling more complex risks or programs

• Understanding of treaty pricing tools and concepts
• Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision

Property-Specific Technical Requirements

• Hands-on experience assessing and pricing per-risk property business, including personal, commercial, and industrial risks, with the ability to assess large risks and attritional loss exposure.
• Strong command of per-risk technical analysis, including risk profile analysis and evaluation of construction, occupancy, and protection.
• Knowledge of natural catastrophe exposure across key perils, including named windstorm / hurricane, earthquake, severe convective storm, wildfire, flood, and winter storms.
• Experience with various treaty structures, including per-risk and catastrophe excess-of-loss, working and clash layers, quota share, and surplus treaties
• Command of property-specific treaty terms such as occurrence definitions, hours clauses, reinstatements and reinstatement premiums, event limits, and inuring reinsurance
• Property pricing methods, including exposure rating and experience rating, and blending catastrophe model output with underwriting judgment

Marketing and Business Development

• Understanding of insurance marketplace and company reinsurance buying motivations
• Participation in opportunity generations and pre-qualification process
• Work with client teams to build business opportunities, explain reinsurance structures and pricing, and articulate value of General Re in buying decisions
• Play an advisory role to clients by sharing underwriting expertise

Operational and Leadership

• Effectively communicate positions, look at alternatives and work through issues while maintaining underwriting discipline
• Proactively work to anticipate and solve issues that hinder a successful business outcome
• Comfortable making suggestions that build business and/or improve processes

Role Qualifications and Experience

• We welcome candidates across a range of experience levels; however, a minimum of 8 years of relevant underwriting experience is required in insurance/reinsurance industry with strong property background. An actuarial background (FCAS/ACAS) is not required, but a strong quantitative skillset is, and we would welcome an actuary looking to move into more of an underwriting role.
• Excellent communication and presentation skills
• Demonstrated ability to work effectively with others
• Demonstrated ability to work calmly and effectively under time constraints
• Strong time management and organizational skills
• Strong analytical skills
• Self-starter and ability to multi-task
• Proficient in Microsoft Office products, e.g. Excel
• Reinsurance contract knowledge
• CPCU/ARe designations preferred
• Some travel required

Salary Range

150,000.00 - 250,000.00 USD

The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.

Our Corporate Headquarters Address

General Reinsurance Corporation

400 Atlantic Street, 9th Floor

Stamford, CT 06901 (US)

At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation''s continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans'' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.