At a Glance
- Tasks: Underwrite a diverse portfolio of global reinsurance and manage catastrophe loss evaluations.
- Company: Join PartnerRe, a leading global reinsurer known for financial stability and community support.
- Benefits: Enjoy a hybrid work environment, competitive salary, and opportunities for professional growth.
- Other info: Be part of a diverse team that values collaboration and empowers you to excel.
- Why this job: Make a real impact in the reinsurance industry while building valuable client relationships.
- Qualifications: 5+ years in reinsurance with strong technical and soft skills; degree in a numerate discipline preferred.
The predicted salary is between 70000 - 90000 £ per year.
PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation for financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world. Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.
Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success.
Job Summary
The Underwriter will be actively involved in underwriting a portfolio of Assumed Retro, London Market D&F, Global, and International reinsurance within the Global Catastrophe portfolio.
About the Role
- Underwriting a world-class portfolio of reinsurance and retrocessional catastrophe accounts;
- Managing catastrophe loss evaluation and reporting for the accounts underwritten;
- Ensuring that guidelines, plans and policies are adhered to;
- Strengthening and building client and broker relationships;
- Supporting and contributing to strategy and action planning;
- Acquiring, analysing and reporting on market, business and technical developments;
- Making underwriting decisions within the authorized limit;
- Supporting the underwriting and portfolio steering of the worldwide cat reinsurance portfolio as required.
Work Experience and Qualification
Technical Skills
- Knowledge of retro, reinsurance and insurance structures;
- Established relationships with brokers in the reinsurance market;
- Intimate knowledge of reinsurance pricing techniques and catastrophe models.
Soft Skills
- Excellent information technology skills;
- An impeccable work ethic, and the ability and commitment to meet deadlines;
- Excellent written and verbal communication, negotiation and organizational skills.
Work Experience and Education
- Preferably 8+ years, but a minimum of 5 years experience in the reinsurance industry, including progressive experience of catastrophe market dynamics.
- Preferably a university degree in a numerate discipline.
- Relevant professional designations would be an asset.
Additional Information: PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe. PartnerRe is an equal opportunities employer.
AVP, Underwriter in Hamilton employer: PartnerRe Ltd.
PartnerRe is an exceptional employer that prioritises financial stability and a collaborative work culture, making it an ideal place for professionals in the reinsurance industry. With a commitment to employee growth and a diverse environment, employees are empowered to thrive while contributing to meaningful solutions that positively impact communities worldwide. The global nature of our operations fosters connections across various locations, ensuring that every team member feels part of a larger mission.
StudySmarter Expert Advice🤫
We think this is how you could land AVP, Underwriter in Hamilton
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like PartnerRe Ltd.). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like PartnerRe Ltd.. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace AVP, Underwriter in Hamilton
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at PartnerRe Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at PartnerRe Ltd.. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at PartnerRe Ltd.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at PartnerRe Ltd. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at PartnerRe Ltd., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding PartnerRe Ltd.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
