Casualty Treaty Underwriter

The Treaty Underwriter’s primary responsibility is to assess, underwrite, price and structure new and renewal treaty business consistent with General Re’s risk appetite and profit margin expectations. The person needs to be able to effectively explain his/her findings and positions to both internal stakeholders as well as external clients. This role will be primarily focused on treaties with casualty exposure. Position Responsibilities: Technical •Technical underwriting capabilities handling casualty lines of business. Capabilities include: oThe ability to assess and analyze exposure to loss oPrimary insurance policy form knowledge oUnderstanding of primary insurance rate making •Reinsurance knowledge encompassing either: oTreaty reinsurance background or oFacultative underwriting handling more complex risks or programs •Understanding of treaty pricing tools and concepts •Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision Casualty-Specific Technical Requirements •Underwriting and pricing experience across casualty lines, such as general liability, commercial auto liability, umbrella and excess, and workers’ compensation. Professional lines experience, E O, D O, and medical malpractice, is a plus. •Experience with both proportional and non-proportional casualty structures - quota share, surplus, and excess-of-loss, including working-layer and clash covers •Understanding of Casualty pricing using experience and exposure rating with appropriate treatment of ALAE •Command of loss-sensitive treaty terms such as sliding-scale and profit commissions, loss corridors, and swing-rated premiums •Ability to "underwrite the underwriter" - evaluating the cedent's underwriting philosophy, rate adequacy relative to loss trend, claims handling, and reserving practices •Sound judgment on casualty loss trend, including the impact of social inflation, nuclear verdicts, third-party litigation funding, and potential mass-tort exposures (e.g., PFAS) Marketing and Business Development •Understanding of insurance marketplace and company reinsurance buying motivations •Participation in opportunity generations and pre-qualification process •Work with client teams to build business opportunities, explain reinsurance structures and pricing, and articulate value of General Re in buying decisions •Play an advisory role to clients by sharing underwriting expertise Operational and Leadership •Effectively communicate positions, look at alternatives and work through issues while maintaining underwriting discipline •Proactively work to anticipate and solve issues that hinder a successful business outcome •Comfortable making suggestions that build business and/or improve processes