Title:
AVP, Reinsurance Underwriting
Company:
Everest Reinsurance Company (Singapore)
Job Category:
Underwriting
Job Description:
About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.
About the Role:
Develop, underwrite, and manage Property & Casualty treaty business in the assigned territories, but primarily Oceania, to optimize profitable growth, contributing to overall portfolio diversification in the APAC region and comply with Group guidelines and risk appetite.
Key Accountabilities:
Development
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Cultivate and maintain high level of commercial relationships through regular networking to identify needs and resulting opportunities.
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Formulate market specific and client specific strategies to foster close broker engagement, empathetic cedant relationship and facilitate the generation of business from opportunities.
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Collaborate with underwriters of other lines of business to grow their portfolios.
Underwriting
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Prepare business strategy to align with Group objectives and risk appetite.
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Execute the approved business plan and adapt to changing operating conditions.
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Work with pricing actuaries and modelers to ensure submissions are diligently and robustly analyzed, assessing technical, market, economic and legal risks and ensure compliance to Group’s underwriting procedures and guidelines.
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Make sound technical underwriting decisions while retaining focus on optimizing the overall portfolio profitability, mix and balance.
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Ensure referrals are properly documented and sign-offs obtained timely in compliance with the Group underwriting requirements.
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Follow Group underwriting administrative procedures.
Management
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Prepare renewal reports to monitor execution of business plan.
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Perform regular reviews to monitor performance of the portfolio and propose remedial actions where required.
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Ensure strict adherence to the Group risk management procedures, including Nat Cat accumulation control and Single Risk exposure, and make timely reports to senior management when the respective trigger levels are reached.
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Collaborate pro-actively with internal partners such as treaty operations, technical accounts, claims handling, loss reserving, legal and compliance to ensure a high level of client services.
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Keep abreast of market developments and key players’ developments in order to contribute to market analysis, research on competitors and other ad hoc studies requested by senior management.
Reporting
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To Vice President & Head of Oceania
Others
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Mentor, coach, guide team members and provide knowledge transfer within team and across Group.
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Proactively identify continuous improvement opportunities to drive productivity and process efficiency.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.
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Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
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Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
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Type:
Regular
Time Type:
Full time
Primary Location:
Singapore Reinsurance
Additional Locations:
GDPR Privacy Notice | Everest (everestglobal.com)
What We Do
Everest Group, Ltd. (“Everest”) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. Everest is in over 100 countries across 6 continents. We provide the world with protection, we underwrite more than risk, we underwrite opportunity.
Everest Group, Ltd. is listed on the New York Stock Exchange (NYSE: EG) and is a component of the S&P 500 index.
FINANCIAL STRENGTH RATINGS
A+ by A.M. Best
A+ by S&P
A1 by Moody's
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