Casualty Underwriting Manager, U.S. Reinsurance

Liberty Mutual Insurance; Darien (CT); On-site; USD 180,000 - 240,000; Full time

Job summary

Liberty Mutual Reinsurance is seeking a U.S. Standard Casualty Underwriting Manager to lead underwriting strategy for the U.S.

Standard Casualty portfolio, spanning Commercial Umbrella & Excess, General Liability, Auto, Public Entity, Personal Umbrella, and related exposures. Reporting to the Chief Underwriting Officer, the successful candidate will set risk appetite, own pricing and profitability, drive renewal decisions, and partner with brokers, ceding companies, and internal stakeholders to

Responsibilities

• Lead the U.S. Standard Casualty underwriting strategy, portfolio performance, and market presence.
• Oversee pricing, profitability, and renewal decisions of the Casualty portfolio.
• Develop and coach the Casualty underwriters to ensure consistent underwriting and best practices.
• Coordinate with claims, actuarial, legal, and other functions during audits and reviews.

Job description

The U.S. Standard Casualty Underwriting Manager will lead the underwriting strategy, portfolio performance, and market presence of Liberty Mutual Reinsurance's U.S. Standard Casualty business, a portfolio spanning Commercial Umbrella & Excess, General Liability, Commercial and Personal Auto, Public Entity, Personal Umbrella, and other non-Professional Liability exposures.

Working in close partnership with the Chief Underwriting Officer, the successful Candidate will set the underwriting strategy and risk appetite for the portfolio, own pricing, profitability, and overall performance of the business unit, and serve as the voice of Liberty Mutual Reinsurance with brokers, ceding companies, and internal stakeholders across the U.S. Casualty market.

This individual will also lead and develop the Casualty Underwriting team, drive consistency in underwriting, pricing, and renewal decisions, and oversee the planning, forecasting, and quarterly business review cycle for the portfolio.

1) Portfolio Strategy and Planning

• Develop and execute underwriting strategy and annual plan for the product line, aligned with LM Re and GRS strategy
• Participate in GRS Global Casualty Board and forums, providing support for LM Re portfolio
• Develop and execute the product line underwriting strategy in collaboration with LM Re Heads of Region and other Product Line heads as part of both client and market solutions
• Represent LM Re's interests with internal and external groups (brokers, industry bodies, business partners and colleagues) and participate in industry forums and corporate activities to protect or enhance Liberty's market position
• Foster effective collaboration between underwriting, actuarial, and claims teams - to recognize KPI's/market leading indicators/cycle trends to proactively manage the portfolio
• Engage in LM Re forums (LM Re Underwriting Council etc.), lead the US Standard Casualty product forums and provide renewal guidance to the underwriting team

2) Client Management

• Implement a marketing plan to build a targeted portfolio; establish and maintain positive relationships with brokers and ceding companies to secure opportunities compatible with business plan objectives
• Sustain and strengthen lasting relationships and continue to develop new ones; proactively engage on clients' strategic agenda, manage expectations, and resolve conflicts
• Collaborate with team and peers on a shared engagement strategy
• Coordinate underwriting audit schedule to ensure continued acceptable performance
• Work closely with claims/legal and leverage knowledge of market trends to research new products
• Strategically assess and evolve relationships (especially with senior stakeholders); continue to engage proactively, leveraging Salesforce and other CRM systems to track touchpoints and build new relationships. Coach junior colleagues on relationship building and help expand their networks. Support Liberty Partnership Insights (LPI) market surveys
• Regularly engage with senior broking leaders and risk managers to shape the top of the funnel, actively discussing renewal strategies, leveraging broader company capabilities, and ensuring LMRe is well-positioned to achieve its strategic goals. Develop the team's prospecting and pipelining capabilities, providing training and identifying potential technology and tools
• Participate in strategic discussions for key LMRe global clients

3) Market Leadership

• Leverage expert market knowledge (e.g., market participants' strategic focus and drivers, positioning and trends) to drive underwriting policies, pricing, and strategy; push research and model development initiatives and ensure the team has access to the best available information and the skills to interpret and apply it
• Attend APCIA and other relevant conferences and seminars; undertake speaking engagements on behalf of Liberty Mutual Reinsurance
• Provide topical articles for LMRe newsletters and conference publications
• Represent LMRe at industry forums and actively build an external presence that reflects and upholds Liberty's value proposition

4) Underwriting Execution

• Manage referral process and ensure consistency in risk selection; evaluate the most complex exposures as a recognized subject matter expert both internally and externally.
• Delegate necessary Letters of Authority (LOAs) to team to underwrite new and renewal casualty reinsurance programs that meet business plan objectives and adhere to guidelines
• Proactive coordination and collaboration with all functional teams in the account due diligence and monitoring process, including but not limited to Account Huddle Meetings, client meetings, and Quarterly Business Reviews (QBRs)
• Ensure timely completion of all underwriting, finance, and reporting system-related requirements
• Leverage deep market insights (e.g., extrapolating granular trends, competitor positioning and anticipated behavior) to opine on underwriting policies, pricing, and strategy; serve as a thought partner within GRS