Senior Property Facultative Underwriter

Transatlantic Holdings, Inc.; New York (NY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

TransRe in New York City (NYC) seeks an experienced Underwriter to drive our Property Facultative business and foster strong client relationships for direct placements.

The role requires 5–10 years of underwriting experience, strong knowledge of catastrophe exposure analysis, and the ability to travel domestically up to 30% with a hybrid work schedule (3 days in the office, 2 remote).

Qualifications

• 5–10 years of Property Facultative reinsurance underwriting experience (primary E&S will be considered).
• Self-starter able to work in a collaborative virtual team environment.
• Strong understanding of underwriting concepts: rate adequacy, line setting, Probable Maximum Loss, Maximum Foreseeable Loss.

Responsibilities

• Production underwriting of Facultative certificate and program business with emphasis on Direct placements.
• Generating new business opportunities from prospective Direct client companies.
• Extensively marketing with emphasis on building underwriter relationships.
• Travelling domestically for marketing and audits up to 30% of the time.
• Support Facultative team in Chicago as needed on new and renewal submissions.

Skills

Property Facultative Underwriting

Client relationship building

Excel

Education

CPCU / ARE or related insurance studies

Job description

About Us

Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide.

To do so, our colleagues work with: Integrity Work honestly, to enhance TransRe’s reputation Respect Value all colleagues. Collaborate actively. Performance We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths Entrepreneurship Seize opportunities. Innovate for and with customers. Customer Focus Anticipate their priorities. Exceed their expectations.

Description

We have the following job opportunity in our New York, NY or Chicago, IL office.

As a member of the Property Facultative team, the Underwriter will be a key driver of the business through fostering relationships with new and existing clients.

Responsibilities

• Production underwriting of Facultative certificate and program business with an emphasis on Direct placements
• Generating new business opportunities from prospective Direct client companies
• Extensively marketing with an emphasis on building individual underwriter relationships
• Travelling domestically for marketing and audits up to 30% of the time
• Support Facultative team in Chicago as needed on new and renewal business submissions

Requirements

• 5-10 years of Property Facultative Reinsurance underwriting experience (primary E&S will be considered)
• Self-Starter with ability to work in collaborative virtual team environment
• Solid understanding of primary insurance underwriting concepts including rate adequacy, line setting procedures, analysis of Probable Maximum Loss and Maximum Foreseeable Loss
• Strong knowledge of their regional market and proven track record of marketing to clients
• Ability to manage a high submission count
• Experience working in a paperless environment
• Extensive knowledge of Catastrophe exposure analysis including RMS and AIR Catastrophe modeling platforms CPCU and/or Are classes or other insurance studies preferred
• Proficient in Excel

Work Schedule

TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences marketplace trends, and TransRe’s business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.

Compensation

In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $150,000 – $200,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.

Equal Opportunity

We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce. TransRe is an equal opportunity employer and will consider all applicants without regard to race, color, religion or creed, national origin, ancestry, sex, disability, medical condition, genetic information, age, sexual orientation, gender, gender identity or expression, marital or partnership status, familial status, caregiver status, military service or veteran status, or any other status protected by applicable federal, state or local law.