About us

Avencia Consulting are partnered with a Bermuda based Reinsurer who are currently expanding their Property Treaty Underwriting team.

This role presents an opportunity for a Treaty Underwriter to move to their Bermuda office.

The role

The Underwriter is responsible for day to day Underwriting of the Reinsurance book and achieving targeted portfolio composition.

Key accountabilities

Assist with the strategic underwriting and financial planning for inwards reinsurance and contribute to the establishment and implementation of best practices for Fidelis
Underwriting for the Reinsurance portfolio including the evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language for multiple lines of business, including complex specialty products
Provide expertise and guidance in technical insurance matters, and, with oversight from the Bermuda CUO, oversee the development and/or enhancement of new and/or existing products and market entries
Ensure products are competitive from a pricing and coverage standpoint and assure that products are in compliance with all insurance laws, regulations and Company strategic plans
Manage, mentor and develop junior members of the team
Directly use risk modeling and pricing tools to analyze opportunities, building models where necessary; work with modelling for final pricing analysis
Originate, leverage, build and maintain broker and client relationships for multiple lines of business
Prepare and issue quotes on an accurate and timely basis
Maintain strong working relationships across jurisdictional underwriting, modelling and planning teams
Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required

Skills & experience

Bachelor’s degree and a minimum of 4 years’ industry experience within reinsurance and specialty lines of business, particularly with complex credit risk and excess of loss products
Capable of transacting on a range of non-traditional products such as Cat bonds, Swaps, ILWs, Retro, proportional and non-proportional products
Demonstrable established relationships with Reinsurance clients
Proven success leveraging business skills to develop and attract new business, as well as expanding an existing portfolio
Excellent analytical and statistical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of existing broker and vendor Cat Models
Advanced Knowledge of Excel, @Risk, Access, and the ability to adapt quickly to understand or create pricing models for nontraditional specialty products. Excellent VBA skills, basic knowledge of Sql, and demonstrable use of complex DFA models