Reinsurance - Director, Property Reinsurance Underwriter
Company: Cincinnati Insurance Company, Inc.
Location: Fairfield
Posted on: May 11, 2022
Job Description:
Description:Make a difference with a career in insuranceAt The
Cincinnati Insurance Companies, we put people first and apply the
Golden Rule to our daily operations. To put this into action, we're
looking for extraordinary people to join our talented team. Our
service-oriented, ethical, knowledgeable, caring associates are the
heart of our vision to be the best company serving independent
agents. We help protect families and businesses as they work to
prevent or recover from a loss. Share your talents to help us reach
for continued success as we bring value to the communities we serve
and demonstrate that Actions Speak Louder in Person -. If you're
ready to build productive relationships, collaborate within a
diverse team, embrace challenges and develop your skills, then
Cincinnati may be the place for you. We offer career opportunities
where you can contribute and grow. Start your journey with usThe
growing Cincinnati Re team is currently seeking to fill a mid-level
underwriting position within the Property reinsurance team. -
Primary responsibilities include -underwriting Property reinsurance
business worldwide, advancing analytics in conjunction with our
modeling/actuarial teams, and deploying the company's capital in
such a way as to maximize profitability. - This position reports to
the Head of Property Reinsurance. - The successful candidate will
be technically-minded, have strong attention to detail, and able to
navigate within an ever-changing reinsurance marketplace. - We are
interested in candidates with 7+ years of treaty reinsurance
experience, either underwriting, analytics or broking. - -Candidate
must have strong analytical, quantitative, communication and
marketing skills, an appreciation for catastrophe risk management
principles, and the ability to work in a fast-paced,
entrepreneurial environment. - -
Be ready to\:
- review underwriting submissions and price property reinsurance
structures, including Catastrophe XOL, Property Per Risk XOL, Quota
Share, and Aggregate XOL contracts
- Provide quotes and authorize on contracts.
- Negotiate contract terms with brokers.
- Identify opportunities to best diversify portfolio
- Work with catastrophe modeling and actuarial teams to evaluate
submissions.
- Coordinate review of contract wording and discuss with legal
counsel.
- Operate within corporate risk guidelines with respect to
property aggregates.
- manage relationships with clients and reinsurance brokers,
evaluate needs and propose solutions
- assist with business development initiatives relating to new
products and client/broker strategy
- assist in the development and updating of internal rating
models
- conduct marketing visits and underwriting audits and attend
conferences (some travel required)
- coordinate with claims and actuarial teams on claims reporting
and property loss reserves
- work with underwriting assistant(s) and/or accounting team to
update accounting system of recordQualification:Be equipped with\:
- experience underwriting or broking Property Catastrophe, Excess
Per Risk, Quota Share contracts required.
- experience underwriting U.S. accounts preferred. - Experience
underwriting non-U.S accounts is a plus
- experience with property reinsurance pricing methods including
exposure and experience analysis for catastrophe and
non-catastrophe perils
- exemplary analytical and problem-solving skills
- knowledge of third party catastrophe modeling software
products, their applicability to underwriting treaty 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 applicationsYou've earned\:
- relevant undergraduate degree required and industry
designations (eg. ARe, CPCU) a plus - -Location\:
- preferably in Cincinnati, OH.
- may also be a remote location, provided candidate is able to
travel for internal and external meetingsEnhance your
talentsProviding outstanding service and developing strong
relationships with our independent agents are hallmarks of our
company. Whether you have experience from another carrier or you're
new to the insurance industry, we promote a lifelong learning
approach. Cincinnati provides you with the tools and training to be
successful and to become a trusted, respected insurance
professional - all while enjoying a meaningful career. Enjoy
benefits and amenitiesYour commitment to providing strong service,
sharing best practices and creating solutions that impact lives is
appreciated. To increase the well-being and satisfaction of our
associates, we offer a variety of benefits and amenities. Learn
more about our and packages. - -Embrace a diverse teamAs a
relationship-based organization, we welcome and value a diverse
workforce. We provide equal employment opportunity to all qualified
persons without regard to race; creed; color; sex, including sexual
orientation, gender identity and transgender status; religion;
national origin; age; disability; military service; veteran status;
pregnancy; AIDS/HIV or genetic information; or any other basis
prohibited by law. .
Keywords: Cincinnati Insurance Company, Inc., Fairfield , Reinsurance - Director, Property Reinsurance Underwriter, Executive , Fairfield, Ohio
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