Faraday
Property Programs Underwriter - Berk Re Fac
Faraday, Stamford, Connecticut, United States, 06925
Property Programs Underwriter - Berk Re FacShape 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 a
Property Programs Underwriter
in our Berkshire Re Facultative Team. This role can be performed remotely or in our Atlanta, Boston, Chicago, Dallas, Hartford, Los Angeles, New York, or Philadelphia branch office, if desired.
Role Description
Underwriting
Underwriting excess of loss Property Program business from Multinational, Regional and Specialty cedants.
Understands and applies departmental underwriting philosophy, rules and guidelines to Program business.
Understands contracts, policy forms and serves as a reference point for others.
Calculates accurate Program technical rates and evaluates pros & cons of various Program rating methodologies.
Provide concise and clear documentation, effectively highlighting the underwriting thought process.
Marketing
Develop and maintain broker relationships and learn marketing behaviors by participating in broker visits and events.
Analyze market pricing, current trends in terms and conditions, and implementation of value for value concepts.
Effectively negotiate with brokers on pricing, terms and conditions, contract language, etc.
Focus on Per Risk, Auto-Facultative Solutions, while monitoring alternative solutions in the market.
Related Activities
Understand and follow corporate and departmental philosophies, rules and guidelines.
Continuously and proactively improve skills and knowledge.
Identify and prioritize opportunities in an efficient manner.
Develop a relationship with the Legal Department by working through complex contract negotiations.
Collaborate with and support both Programs and Individual Risk colleagues.
Perform Program audits as necessary.
Role Qualifications and Experience
5-10+ years industry experience in Property Reinsurance Program or Treaty Underwriting required.
Marketing and travel: up to 20%.
Excellent verbal and written communications skills.
Excellent interpersonal and critical thinking abilities.
Able to thrive in a remote team environment.
Excellent organizational skills and meticulous attention to detail.
Salary Range
141,000.00 - 235,000.00 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 Address
General Reinsurance Corporation120 Long Ridge RoadStamford, 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'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.
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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 a
Property Programs Underwriter
in our Berkshire Re Facultative Team. This role can be performed remotely or in our Atlanta, Boston, Chicago, Dallas, Hartford, Los Angeles, New York, or Philadelphia branch office, if desired.
Role Description
Underwriting
Underwriting excess of loss Property Program business from Multinational, Regional and Specialty cedants.
Understands and applies departmental underwriting philosophy, rules and guidelines to Program business.
Understands contracts, policy forms and serves as a reference point for others.
Calculates accurate Program technical rates and evaluates pros & cons of various Program rating methodologies.
Provide concise and clear documentation, effectively highlighting the underwriting thought process.
Marketing
Develop and maintain broker relationships and learn marketing behaviors by participating in broker visits and events.
Analyze market pricing, current trends in terms and conditions, and implementation of value for value concepts.
Effectively negotiate with brokers on pricing, terms and conditions, contract language, etc.
Focus on Per Risk, Auto-Facultative Solutions, while monitoring alternative solutions in the market.
Related Activities
Understand and follow corporate and departmental philosophies, rules and guidelines.
Continuously and proactively improve skills and knowledge.
Identify and prioritize opportunities in an efficient manner.
Develop a relationship with the Legal Department by working through complex contract negotiations.
Collaborate with and support both Programs and Individual Risk colleagues.
Perform Program audits as necessary.
Role Qualifications and Experience
5-10+ years industry experience in Property Reinsurance Program or Treaty Underwriting required.
Marketing and travel: up to 20%.
Excellent verbal and written communications skills.
Excellent interpersonal and critical thinking abilities.
Able to thrive in a remote team environment.
Excellent organizational skills and meticulous attention to detail.
Salary Range
141,000.00 - 235,000.00 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 Address
General Reinsurance Corporation120 Long Ridge RoadStamford, 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'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.
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