At a Glance
- Tasks: Lead and manage Casualty insurance and reinsurance underwriting while developing new business opportunities.
- Company: RenaissanceRe, a top player in Property & Casualty Reinsurance with a collaborative culture.
- Benefits: Competitive pay, comprehensive benefits, talent development, and community engagement initiatives.
- Other info: Diversity and inclusion are at our core; we value every individual.
- Why this job: Make a real impact in a fast-paced environment while leading a dynamic team.
- Qualifications: 20+ years of underwriting experience with strong analytical and negotiation skills.
The predicted salary is between 60000 - 70089 £ per year.
Renaissance Re 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.
Position Summary
Responsible for the production, analysis and underwriting of Casualty insurance and reinsurance business in line with Ren Re appetite.
A key contributor to defining appetite, designing and building portfolios and communicating with key internal and external stakeholders.
They lead by example to garner credibility both inside and outside of the organization.
Act as a trainer, leader and manager, directly or indirectly, of a team of Underwriters and Analysts.
Responsibilities include
- Manage and underwrite a portfolio of casualty Insurance and Reinsurance for the Ren Re European platform.
- Be an integral part of the underwriting process, from initial contact to providing underwriting recommendations on transactions to servicing client requests after the transaction closes.
- Develop new business opportunities.
Work with clients and brokers to determine specific requirements, subsequently structuring products to address those needs (and variants from those needs).
- Collaborate and communicate across Ren Re portfolios, locations and business units, working as part of a global underwriting team.
- Maintain a high level of technical UW expertise for given lines of business and territories.
- Inform internal stakeholders on market trends for given lines of business and territories.
- Manage and assist in projects related to the management and improvement of proprietary Ren Re underwriting and portfolio management tools.
- Maximise the use of, and contribute to the maintenance and improvements of Ren Re risk and underwriting tools and analytics.
- Contribute to and often lead the management of key client and broker relationships.
- Work closely with AVPs, VPs and SVPs in the team to share knowledge and experience.
- Represent Ren Re at various internal and external client/industry events. May include travel where appropriate.
- Anticipate internal and/or external business challenges and recommend process, product or service improvements
- Other responsibilities as designated by the underwriting team.
Qualifications and Experience
- Minimum 20+ years’ experience underwriting Casualty risk, on an insurance/reinsurance basis
- Experience and Expertise in underwriting London Market and International insurance/reinsurance business
- College/University Degree Preferred
- Expertise from a risk, regulatory, contractual, and competitive landscape perspective
- Underwriting experience a must with strong negotiation skills
- Balance of strong analytical skills with relationship management
- Existing relationships in the insurance/reinsurance marketplace
- Proven ability to manage portfolios of insurance/reinsurance, including responsibility for financial results
- Proven ability to manage a team and have strong communication and collaboration skills internally
- Experience in strategic and tactical business planning
Our people are our most valuable resource and core to our success.
This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach.
We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company.
We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion.
Our people are at the heart of everything we do.
We are an equal opportunity employer.
We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
SVP, Head of Casualty UK in London employer: RenaissanceRe
RenaissanceRe is an exceptional employer, offering a dynamic and collaborative work culture that empowers employees to tackle complex challenges in the Casualty insurance and reinsurance sector. With a strong focus on professional development, competitive compensation, and a commitment to community engagement, employees are encouraged to grow their skills while contributing to meaningful projects. Located in the heart of the UK, RenaissanceRe fosters an inclusive environment where diversity is celebrated, making it an attractive place for talented individuals seeking a rewarding career.
