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VP, Underwriter- US Other Property

RenaissanceRe
Minneapolis, United Statesfull_timeVerifiedPosted 16 Sept 2024

About the role

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

About RenaissanceRe

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).

About the Position

Reporting directly to the SVP, Head of Other Property, the VP, Underwriter - will be responsible for the production, marketing and analysis of property insurance and reinsurance.  Property insurance business is predominantly written through MGAs directly on our balance sheets.  The property reinsurance business is written on our RenRe US balance sheet, predominantly in quota share form.  This individual will have a strong US Property Underwriting background with a focus on U.S. domiciled business, with established broker and client relationships.  They will be responsible for identifying and cultivating partnerships with MGAs, treaty clients, and broker relationships.  This individual will be a thought-leader and seek new opportunities to deploy RenaissanceRe’s expertise to solve critical issues impacting its clients.

The VP, Underwriter- US Other Property, role will be expected to work collaboratively with partners and peers across our global footprint, including Minneapolis, New York, London, Bermuda, and Zurich.

Key Responsibilities

  • Contribute to the development and maintenance of a profitable book of business. Handles day-to-day underwriting and assists in the management of our MGA partnerships.

  • Build and manage client and MGA relationships. Through the audit process, ensure robust monitoring and provide advice to clients regarding the management of the business.

  • Assist in recruiting and developing team members to support the growth of the business.

  • Share market insights with team members regarding market dynamics including opportunities and threats.

  • Maintain a high level of expertise and product knowledge to serve as a resource for clients and staff.

  • Identify, design, and drive marketing synergies, by developing creative solutions to client problems.

  • Maximize use of RenRe risk and underwriting tools and analytics; enhances the risk management culture within the team.

  • Maintain ongoing, self-directed professional development and study.

  • May manage, mentor, train and develop analysts.

Candidate Qualifications:

  • A college or university degree required

  • Typically, a minimum of 7 to 10 years’ experience in the (re)insurance business with deep knowledge of global insurance and reinsurance markets

  • Good understanding of E&S property lines and a thorough understanding of insurance policy forms, terms, and conditions

  • Has a deep understanding of catastrophe modeling, reinsurance pricing schemes and the role and impact of actuarial, finance and claims in the underwriting process

  • An ability to grasp actuarial concepts and interpret model results accurately

  • A reputation for managing effective relationships with clients and brokers

  • Exhibits effective analytical, problem-solving, and decision-making skills,

  • Communicates effectively. Receptive to new ideas

  • Reacts effectively to changing conditions. Anticipates and constructively advances the need for positive change

  • Exhibits solid individual and team leadership skills

  • Demonstrates sensitivity, respects cultural differences, and acts in an ethical manner at all times

  • Acts courageously. Makes unpopular decisions in the best interests of the company

  • Must be

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Company

RenaissanceRe

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