SVP, Underwriting at RenaissanceRe

Job description

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. RenaissanceRe Holdings Ltd., through its operating subsidiaries, is a leading global provider of reinsurance and insurance. Our team shares a passion for providing exceptional service, innovation, creativity and a strong belief in the entrepreneurial culture which is a cornerstone of our competitive advantage. The SVP, Underwriter, will be responsible for the production, marketing and technical underwriting of property reinsurance, predominantly Property Catastrophe Lines. Successful candidates will have a strong International and Retrocessional Property Catastrophe Excess of Loss background, with established broker and client relationships. This individual will work closely with the broader underwriting team to deliver coordinated support to the organization’s International and Retrocessional clients. Drawing on deep expertise and market experience, the SVP Underwriting, will regularly travel to engage with clients and contribute to thought leadership, representing RenaissanceRe’s sector views and underwriting approach. As an experienced senior member of the Underwriting team, the successful candidate will also be expected to train, mentor, and develop junior underwriting talent. Responsibilities include: Analyze, model and make risk decisions on assumed International Primary Catastrophe Excess of Loss submissions. Use third party vendor models as well as proprietary tools and systems to effectively evaluate, compare, and report on reinsurance transactions; interpret and challenge the modelled results and, where relevant, include non-modelled data to enhance the assessment of risk. Make informed underwriting decisions in alignment with RenaissanceRe’s risk appetite and tolerance levels. Advise other underwriters on International Property Catastrophe risk decisions. Work with clients and brokers to understand client risk transfer goals, identify and structure creative solutions, and lead negotiations to achieve mutually desired outcomes. Proactively monitor the profitability of reinsurance transactions throughout their life cycle. Contribute to the design and development of proprietary tools that will enable improved analyses, reporting, and insights at the deal, client, and portfolio level. Protect and grow strong broker and client relationships, traveling regularly to maintain strategic engagement, leading effective meetings and discussions, and communicating our underwriting requirements and philosophies. As a senior underwriter at RenRe, partner with enterprise clients to understand their total risk profile and deliver coordinated, portfolio-level underwriting that reflects our strategic positioning across all their business lines. Monitor and communicate portfolio performance, identifying growth opportunities and delivering market insights to key stakeholders to support strategic decision making. Contribute to the development of the organization’s understanding of market trends, risk, and capital, including developing internal views and conveying those views to clients and brokers through meetings, presentations, and white papers. Develop relationships across the broader International and Retrocessional Property underwriting team to enable effective internal coordination across reinsurance transactions, claims, and capital utilization for RenaissanceRe’s large International clients. Act as a trainer, leader and potentially manager for underwriting analysts; mentor, coach and help to maintain a high-performing team. Contribute to the continuous improvements of processes, communicati