Property Underwriter, European Treaty Reinsurance Division

Allied World Assurance Company, AG is looking for an experienced Property Underwriter to join our European Reinsurance Treaty Division based in our Zug office.

• Underwrite new and renewal property treaty submissions in compliance with underwriting guidelines, systems and procedures.
• Meet regularly with clients and brokers (including required business travel) to discuss existing business, client service and potential areas of development.
• Set appropriate terms and conditions following the Company business strategy to quote and indicate on selected risks.
• Price and analyse coverage, structure and exposures for a variety of reinsurance products (Proportional and Non-Proportional).
• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
• Responsible for pricing defined accounts via in-house modelling tools and working closely with actuarial pricing team.
• Liaise with Claims, Accounting, IT, Legal and other internal departments as required.
• Actively manage all aspects of a reinsurance portfolio including claims, trends, market issues and audits (where needed).
• Liaise with Claims department on any specific events and losses.
• Process contracts in the TIRS (reinsurance) underwriting system.
• Input and manage the Portal system and Public Folders, for the portfolio underwritten.
• Maintain files and underwriting records in accordance with procedure and ensure all information is saved and named properly.
• Stay current with respects to major Industry trends, issues and developments.
• Other ad hoc duties as assigned.

• 10+ years’ experience of treaty reinsurance (underwriting or broking).
• German and English speaking.
• Established expertise with RI products (particularly Property).
• Broad Broker and Client relationships in Europe required with the ability to generate new relationships with brokers and cedants.
• Contract wording expertise and an in depth understanding of actuarial and cat modelling pricing techniques are beneficial.
• Strong communication skills required and comfortable working within an underwriting team sharing views on risk, strategy and market trends.
• Ability to multitask, work independently to deadlines and solve problems. Must be highly organized, accurate and detail oriented.