Department: International Treaty Property
Location: Paris
Type: Permanent (CDI)
About the Role
As a Senior Property Underwriter, you will be responsible for handling new business and renewing an existing portfolio of Property business within our International Property organization. Primary focus would be serving the needs of various regions in continental Europe which is written by the Paris office (France, Belgium, Switzerland, Nordics)
About the Department & Team
The International Treaty Property team is spread across offices in Milan, Paris, Cologne, London, Madrid, Rio de Janeiro, Mexico, Bogota, Singapore and writes reinsurance treaties across all Property Proportional and Non-Proportional types of treaties.
The book is written in collaboration with market manager and actuaries involved in other lines of products.
We work together with a goal to write a balanced and diverse international portfolio of property reinsurance treaties with our partners (brokers and client insurers).
Key Responsibilities
The Underwriter at LM Re is custodian of our technical excellence in selecting business and partners, aligning pricing with the risk and developing high quality commercial relationship.
- Share and develop strategy, knowledge and best practice, interacting with our clients as well as all internal stakeholders.
- Collaborate with actuaries, accountants, and market leaders to develop a profitable portfolio, monitor its performance and claims.
- Act as a technical expert to support the identification of issues and opportunities within area of expertise.
- Be an active contributor to LM Re’s Business Plan drawing and delivering. Support Business Alignment across LMRe by endorsing and executing corporate strategies, initiatives, and priorities.
- Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency.
- Act in accordance with all legal and regulatory requirements to ensure that all obligations are met.
- Ensure the recording and measurement of reinsurance risks, to ensure accuracy and good practice.
- Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance.
- Establish and strengthen strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives.
- Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors as set out in the Conduct Risk Policy, as they relate to your role, is core to LM Re's commitment to our Liberty Values, placing customers at the center of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, International Sanctions, Financial Crime, Data Protection, Conflicts of Interest and Whistleblowing.
Skills and Experience
- Ability to analyse data and use for decision-making.
- Be a diplomat: Strong interpersonal, communication and negotiating skills. Ability to negotiate and communicate with CxO level clients and partners.
- Knowledge of local market practices, cultures and regulations
- Strong interest or experience in Reinsurance, Insurance, Finance or Risk Management
- A knowledge of cat modelling
- Team player. Desire to be helpful and take initiative, comfortable taking ownership for work, identifying the need for action whilst working effectively within a team. LM Re prides itself in its inclusive corporate culture and all employees are expected to demonstrate fairness and tolerance.
- As the portfolio is International, the role is expected to involve travel (10-25%). We are ready to support you if a disability demands certain accommodation.
About Liberty Mutual Reinsurance
Liberty Mutual Reinsurance is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee‑led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work‑life balance and working flexibly.
For more information, please follow the links below:
https://www.libertymutualre.com/careers/working-for-us
https://www.libertymutualre.com/careers/diversity-inclusion-wellbeing/inclusion-matters-networks