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Location: 

Chicago, IL, US New York, NY, US Schaumburg, IL, US Alpharetta, GA, US Armonk, NY, US

Casualty Facultative Underwriter

About Swiss Re

 

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

 

 

Swiss Re has an exciting opportunity to add an underwriter to the Casualty Facultative team.  Becoming a Facultative team member means you get the opportunity to become part of a dynamic group that enjoys a great degree of independence and high job satisfaction.  Our team strives to support and develop well rounded insurance professionals while giving them the continuous opportunity for personal growth.  We are looking to hire an energetic and positive underwriter who can help us enhance our global capabilities even further. 

 

Responsibilities

  • Analyze risk information to evaluate, underwrite and price for exposures.
  • Evaluate insurance coverage, terms, conditions, and loss experience.
  • Cost the expected loss and pricing based on the loss experience and exposures.
  • Consult with the client on coverage required and Facultative Reinsurance structure.
  • Strong skill set for mix of AL, GL, and Umbrella.
  • Understand and be able to discuss insurance coverage and clauses with clients.
  • Adequately document underwriting thoughts and deal rationale.
  • Adhere to Swiss Re's underwriting guidelines and ensure capacity/limits deployed are within Swiss Re's risk appetite.
  • Prepare underwriting and pricing referrals to the appropriate resources.
  • Initiate and engage in marketing directly with cedants or with reinsurance brokers.  
  • Identify new sources of business and position Swiss Re as the desired market for Casualty Facultative business. 
  • Gather market intelligence on clients and competitors and share findings within our team as well as with other Swiss Re departments.
  • Interact with Facultative colleagues, Treaty underwriters, client executives and other internal stakeholders.

 

About the Team

 

This role reports to Team Lead Casualty Single Risk Facultative.  This role is not fully remote and requires some in person attendance at a Swiss Re office as well as in person interaction with clients at their offices and/or at offsite meetings when applicable.  This role does require periodic travel for intercompany and client events. 

 

 

About You

  • Minimum 5+ years of (re)insurance experience or with technical underwriting capabilities.
  • Knowledge of Casualty (GL, Auto, Umbrella) lines of business required. 
  • Strong communication, organizational, time management, negotiating and influencing skills.
  • Self-starter and entrepreneurial spirit. Ability to work independently and within a team.
  • Ability to handle a high volume of submissions and client requests.
  • Conversant with a wide variety of primary products and underwriting trends.
  • Possess a solid understanding of profitability and financial analysis. Understand mechanisms of profitability (e.g. reserving, loss development, IBNR, earning patterns).
  • Ability and willingness to participate in projects.
  • Experience in working with remote clients is a plus.

 

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

 

Keywords: 
Reference Code: 108267 

 

 


Nearest Major Market: Chicago

Job Segment: Underwriter, HR, Insurance, Human Resources