Reinsurance Underwriter
Underwrites cyber treaty reinsurance submissions and supports portfolio, product, and cedant management alongside senior underwriters. Requires at least three years of relevant experience, strong data analysis, knowledge of treaty structures and pricing, and excellent stakeholder communication.
About the job
Responsibilities
- Underwrite new and renewal cyber treaty reinsurance business alongside senior underwriters.
- Develop knowledge of the cyber reinsurance marketplace, including coverage trends, loss activity, and competitor behavior.
- Build relationships with reinsurance brokers and cedants.
- Evaluate submissions, including bordereaux, loss experience, and exposure data, for completeness and quality.
- Analyze cedant performance, exposures, and loss experience with actuarial and modeling teams.
- Draft submission summaries, pricing indications, and underwriting files for senior underwriter review.
- Review treaty wordings with Legal to align intent, pricing, structure, and contractual terms.
- Track cedant bordereau, premium, and loss reporting, and follow up on inconsistent or outstanding data.
- Collaborate with Actuarial, Modeling, Product, Engineering, and Claims on underwriting tools and other business needs.
- Assist with new reinsurance product development.
- Support quarterly and annual production and portfolio reporting.
- Support cedant onboarding and servicing in Helios.
- Support onboarding and management of white-label cyber programs, including referral triage against standard parameters.
- Travel as needed to meet clients and brokers.
Requirements
- 3+ years of relevant experience in reinsurance, brokerage, actuarial, or data analytics.
- Strong analytical skills and advanced comfort working with large, imperfect datasets.
- Understanding of treaty structures, pricing concepts, portfolio construction, policy wording, and contract terms.
- Strong organizational skills and ability to manage multiple priorities and deadlines across stakeholders.
- Exceptional attention to detail, particularly regarding data quality, documentation, and version control.
- Clear written and verbal communication skills, including the ability to summarize technical analysis for underwriters, brokers, and cedants.
- Strong relationship-building and influencing skills.
- Four-year college degree preferred.
Nice-to-haves
- Progress toward professional designations such as Associate in Reinsurance or Chartered Property Casualty Underwriter.
Compensation and Benefits
- US base salary: $95,000–$119,000 per year, depending on geographic market and other job-related factors.
- 100% medical, dental, and vision coverage.
- Flexible PTO policy.
- Annual home office stipend and WeWork access.
- Mental and physical health wellness programs.
- Competitive compensation and advancement opportunities.
Skills
Cyber Reinsurance, Treaty Reinsurance, Underwriting, Bordereaux, Loss Analysis, Exposure Analysis, Pricing, Portfolio Construction, Policy Wording, Contract Terms, Data Analytics, Actuarial Modeling, Helios, Version Control
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