AW
Vice President, European Treaty Reinsurance
full-time
About this role
Job Summary
Allied World Assurance Company, AG is looking for an experienced Property Underwriter to join our European Reinsurance Treaty Division based in our Zug office.
Duties and Responsibilities
· Underwrite new and renewal property treaty submissions in compliance with underwriting guidelines, systems and procedures.
· Meet regularly with clients and brokers (including required business travel) to discuss existing business, client service and potential areas of development.
· Set appropriate terms and conditions following the Company business strategy to quote and indicate on selected risks.
· Price and analyse coverage, structure and exposures for a variety of reinsurance products (Proportional and Non-Proportional).
· Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
· Responsible for pricing defined accounts via in-house modelling tools and working closely with actuarial pricing team.
· Liaise with Claims, Accounting, IT, Legal and other internal departments as required.
· Actively manage all aspects of a reinsurance portfolio including claims, trends, market issues and audits (where needed).
· Liaise with Claims department on any specific events and losses.
· Process contracts in the TIRS (reinsurance) underwriting system.
· Input and manage the Portal system and Public Folders, for the portfolio underwritten.
· Maintain files and underwriting records in accordance with procedure and ensure all information is saved and named properly.
· Stay current with respects to major Industry trends, issues and developments.
· Other ad hoc duties as assigned.
Person Specification
· 10+ years’ experience of treaty reinsurance (underwriting or broking).
· German and English speaking.
· Established expertise with RI products (particularly Property).
· Broad Broker and Client relationships in Europe required with the ability to generate new relationships with brokers and cedants.
· Contract wording expertise and an in depth understanding of actuarial and cat modelling pricing techniques are beneficial.
· Excellent negotiation skills.
· Strong communication skills required and comfortable working within an underwriting team sharing views on risk, strategy and market trends.
· Ability to multitask, work independently to deadlines and solve problems. Must be highly organized, accurate and detail oriented.
What you'll do
- The Vice President will underwrite new and renewal property treaty submissions, ensuring compliance with guidelines and pricing defined accounts. They will also manage client relationships and collaborate with various internal departments to maintain a profitable reinsurance portfolio.
About Allied World
About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial.
History
Allied World was founded in 2001. In the past decade, Allied World has grown from an excess player with four employees in an office in Bermuda to a global company providing innovative property, casualty and specialty insurance and reinsurance solutions internationally.
Global Reach
Headquartered in Bermuda, with offices in Atlanta, Boston, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, London, Los Angeles, Miami, New York, Philadelphia, San Francisco, Singapore, Toronto and Zug. Allied World strives to provide exceptional service and convenience to our clients and distribution partners. With over 1,400 employees globally, we focus on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships.
Please refer to our website, www.awac.com, for additional information on our Insurance and Reinsurance capabilities.
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Frequently Asked Questions
What does a Vice President, European Treaty Reinsurance do at Allied World?
As a Vice President, European Treaty Reinsurance at Allied World, you will: the Vice President will underwrite new and renewal property treaty submissions, ensuring compliance with guidelines and pricing defined accounts. They will also manage client relationships and collaborate with various internal departments to maintain a profitable reinsurance portfolio..
How do I apply for the Vice President, European Treaty Reinsurance position at Allied World?
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