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Reinsurance - Director, Property Reinsurance Underwriter

Company: Cincinnati Insurance Company, Inc.
Location: Fairfield
Posted on: July 13, 2021

Job Description:

Description:

Make a difference with a career in insurance

At 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 us

The 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 record
Qualification:

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 applications

You'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 meetings

Enhance your talents

Providing 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 amenities

Your 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 benefits and amenities packages.   

Embrace a diverse team

As 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. Learn more about the Federal Employment Notices.

Keywords: Cincinnati Insurance Company, Inc., Fairfield , Reinsurance - Director, Property Reinsurance Underwriter, Other , Fairfield, Ohio

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