General Re Corporation
Property Treaty Underwriter
General Re Corporation, Stamford, Connecticut, us, 06901
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. Its direct reinsurance companies conduct 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 more than 38 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for a Property Treaty Underwriter. Our Stamford, CT office is the preferred work location. This is a hybrid role requiring 2-3 days in the office.
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. This work is performed within a client team structure involving the underwriter, pricing actuary, account executive and account manager. On-the-job training is anticipated.
Primary responsibilities of a Property Treaty Underwriter:
Teamwork
* Demonstrates a strong work ethic and a sense of urgency.
* Contributes to and champions a collaborative team culture.
* Demonstrates an ability to proactively manage potential conflict, internally and externally.
* Interest in direct engagement with reinsurance clients to build relationships and understanding of business
* Maintains collaborative relationships with other Gen Re business and service units by encouraging cooperation, participation, information exchange and identification of opportunities.
* Seeks feedback and continuously learns/improves own skills, including professional designations, as appropriate.
* Participates in and contributes to training/coaching initiatives.
* Interested in learning other lines of business
* Contributes to a positive, disciplined, high trust, respectful and fun work environment.
Underwriting
* Technical underwriting capabilities involve handling commercial, personal and catastrophe property business. Team support is available to assist learning new lines of business* Technical capabilities include:* The ability to assess and analyze exposure to loss* Understanding primary insurance policy coverage* Understanding of primary insurance rate making* Ability to evaluate client and product experience* Capable of interpreting reinsurance treaty language and coverage intent* Ability to determine reinsurance pricing based on model outputs, and interaction with members of the account team* Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision
Operational
* Supports and fosters Gen Re's Risk Management culture. Ensures compliance with all underwriting/pricing standards and processes.
* Demonstrates effective time management skills.
* Shares underwriting expertise and experiences to enable continuous team learning.
* Actively suggests and supports change and improvement as an essential part of any ongoing vital organization
Practices an open, honest and respectful communication style. Encourages and ensures ongoing communication on all matters of importance
Is proficient in the use of all technology relevant to the position.
Applies a cost/benefit mentality on all ongoing expenses.
Role Qualifications and Experience
* 7 years underwriting experience in insurance/reinsurance industry
* Insurance contract knowledge
* Demonstrated ability to work effectively within differing team structures
* Demonstrated ability to work calmly and effectively under time constraints
* Strong time management and organizational skills
* Strong math/analytical skills
* Excellent computer proficiency with Microsoft Office Suite, especially Excel
* Knowledge of/ experience with catastrophe models preferred
* Self-starter and ability to multi task
* Excellent communication and presentation skills
* Some travel required
Salary Range
117,000.00 - 195,000.00 USD
The annual base salary range posted represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Address
General Reinsurance Corporation
120 Long Ridge Road
Stamford, CT 06902 (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 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.
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. Its direct reinsurance companies conduct 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 more than 38 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for a Property Treaty Underwriter. Our Stamford, CT office is the preferred work location. This is a hybrid role requiring 2-3 days in the office.
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. This work is performed within a client team structure involving the underwriter, pricing actuary, account executive and account manager. On-the-job training is anticipated.
Primary responsibilities of a Property Treaty Underwriter:
Teamwork
* Demonstrates a strong work ethic and a sense of urgency.
* Contributes to and champions a collaborative team culture.
* Demonstrates an ability to proactively manage potential conflict, internally and externally.
* Interest in direct engagement with reinsurance clients to build relationships and understanding of business
* Maintains collaborative relationships with other Gen Re business and service units by encouraging cooperation, participation, information exchange and identification of opportunities.
* Seeks feedback and continuously learns/improves own skills, including professional designations, as appropriate.
* Participates in and contributes to training/coaching initiatives.
* Interested in learning other lines of business
* Contributes to a positive, disciplined, high trust, respectful and fun work environment.
Underwriting
* Technical underwriting capabilities involve handling commercial, personal and catastrophe property business. Team support is available to assist learning new lines of business* Technical capabilities include:* The ability to assess and analyze exposure to loss* Understanding primary insurance policy coverage* Understanding of primary insurance rate making* Ability to evaluate client and product experience* Capable of interpreting reinsurance treaty language and coverage intent* Ability to determine reinsurance pricing based on model outputs, and interaction with members of the account team* Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision
Operational
* Supports and fosters Gen Re's Risk Management culture. Ensures compliance with all underwriting/pricing standards and processes.
* Demonstrates effective time management skills.
* Shares underwriting expertise and experiences to enable continuous team learning.
* Actively suggests and supports change and improvement as an essential part of any ongoing vital organization
Practices an open, honest and respectful communication style. Encourages and ensures ongoing communication on all matters of importance
Is proficient in the use of all technology relevant to the position.
Applies a cost/benefit mentality on all ongoing expenses.
Role Qualifications and Experience
* 7 years underwriting experience in insurance/reinsurance industry
* Insurance contract knowledge
* Demonstrated ability to work effectively within differing team structures
* Demonstrated ability to work calmly and effectively under time constraints
* Strong time management and organizational skills
* Strong math/analytical skills
* Excellent computer proficiency with Microsoft Office Suite, especially Excel
* Knowledge of/ experience with catastrophe models preferred
* Self-starter and ability to multi task
* Excellent communication and presentation skills
* Some travel required
Salary Range
117,000.00 - 195,000.00 USD
The annual base salary range posted represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Address
General Reinsurance Corporation
120 Long Ridge Road
Stamford, CT 06902 (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 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.