Job description
The Position:
Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.
Responsible for support of all aspects of the reinsurance placement process based on the guidance of VP, Ceded Reinsurance.
Job Responsibilities:
- Collaboration with other Ceded Re team members to ensure appropriate ceded re placements are completed and documented
- Assist treaty managers with developing renewal strategy to be presented to ceded re leadership
- Coordinate with brokers, business division(s), corporate underwriting and actuarial department to identify and gather information necessary for each reinsurance treaty submission
- Management and organization of the data collection process, including testing and reconciliation of submission data
- Provide comprehensive analysis related to reinsurance purchase including but not limited to analysis of received quotes, quoting behavior, treaty structure, year on year changes in treaty cost, budget to actual treaty cost, contract wording, comparison of direct policy pricing vs. facultative pricing, etc
- Support treaty team in developing recommendations for treaty structures based on technical and strategic analysis of the reinsurance marketplace, with considerations for pricing, diversification of credit risk and long term reinsurance purchase strategy
- Plan & coordinate both externally and internally virtual reinsurance underwriting audits in conjunction with treaty renewals
- Technical knowledge relating to manipulation and calculations with large data sets in Excel
- Ability to work effectively in a team environment
- Ability to communicate effectively and to think strategically
- Ability to negotiate effectively
- Strong interpersonal communication and writing skills
- Strong organization and time management skills
- Bachelor's degree required, business-related major preferred
Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries. With nearly 20 years of operating history and strong financial ratings, our track record remains solid.
Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.
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