Underwriting Support Coordinator

Posted 6 Days Ago
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Bermuda
Junior
Insurance
The Role
The Underwriting Support Coordinator will assist the Property Cat underwriting team by managing communications, liaising with multiple departments, and coordinating deal modelling requests to enhance processes and efficiencies.
Summary Generated by Built In
RenaissanceRe 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:          

The Underwriting Support Coordinator – Property Cat will assist the Property Cat underwriting team by coordinating and liaising with Operations, RenRe Client Analytics (RRCA), Claims, and Capital Partners, focusing on the principal accountabilities listed below. The primary goal of this role is to enhance processes and increase efficiencies between the underwriting team and these integrated functions.

PRINCIPAL ACCOUNTABILITIES:

Underwriting Workflow

  • Will be cc’d on all communications between underwriters and brokers, and manage the filing of appropriate communications (e.g., quotes, firm order terms, authorizations, signed lines, internal deal notes).
  • Submit submissions to operations and RRCA, including relevant basic ID and underwriter name.
  • Ensure meeting booklets are properly filed in REMS.
  • Liaise with underwriters to ensure timely return of all contracts.
  • Serve as the main point of contact for operations when additional information is needed to book a deal.

RenRe Client Analytics (RRCA)

  • Act as the primary contact for RRCA regarding any deal modelling requests for underwriters.
  • Assist in coordinating deal modelling priorities for RRCA and provide feedback during weekly meetings.
  • Collaborate with RRCA on ad-hoc requests from clients and brokers.
  • Maintain an up-to-date client and broker mailing list for distribution of white papers or forecasts.

Other Responsibilities

  • Share claims updates with the claims team and coordinate with underwriter that loss estimates are applied to all impacted reinsurance structures. 
  • Collaborate with Executive Assistants and Underwriters on ad-hoc client events.
  • Build and maintain relationships with brokers and their support teams to enhance service standards.
EXPERIENCE/SKILLS:
  • A university degree preferred, (emphasis on business, insurance or finance / accounting is advantageous) or comparable experience essential.
  • At least 2 to 5 years in relevant experience in area of responsibility preferred.
  • Good knowledge of general insurance business or reinsurance. 
  • Prioritizes responsibilities, makes effective use of time and remains flexible to changing work needs/demands.  
  • Utilizes available resources to accomplish objectives and identifies issues that could potentially derail results.  
  • Excellent communication and interpersonal skills.
  • Clearly and concisely presents information in group settings, adapting messages to the needs of the audience and effectively responds to Q&A.  
  • Regularly shares information and engages in dialogue with manager and peers.  
  • Works toward team goals and end result and contributes in ways that benefit the entire team.  
  • Consistently meets expectations excels when it matters most and responds quickly and effectively to resolve issues.  
  • Remains open to new thinking and ideas, and views situations from multiple perspectives.  
  • Strong computer skills – MS Word, Excel and any relevant internal systems.

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.

Top Skills

Excel
Ms Word
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The Company
916 Employees
Year Founded: 1993

What We Do

RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving.

Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval.

We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild.

Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives.

RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business

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