Address
Form of workVerita work in close concert with investors, reinsurers, and insurers to manage the equation between risk and return. Blending advanced analytics with deep institutional knowledge, they reveal new opportunities to maximize performance.
The successful candidate will ultimately take responsibility for handling and oversight of an expanding portfolio of material sized placements and will be expected to take on various responsibilities, including new business development, development of client retention strategies and relationship management.
We expect the candidate to be heavily involved in business planning and will look for them to work with the existing team to help continue shape an overall strategy for the group.
The Role
- Work with WTW’s global reinsurance broking team, Verita executives, actuaries, and cat modelers to analyze Verita’s insurance risks on a portfolio level to obtain capacity in the form of delegated authority, reinsurance structures and/or other innovative solutions.
- Engage with reinsurance markets to negotiate terms, pricing, and coverage to secure optimal outcomes for Verita, utilizing markets from London, the US, Bermuda and around the world.
- Coordinate and attend underwriting and claim audits with Verita’s capacity markets on a regular basis.
- Ensure that company, market and client related documentation is issued (internally and externally) accurately and on time.
- Comply with external regulatory and internal statutory policies, procedures and regulations.
- Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s).
- Meet with senior management both internally and externally to present materials.
- Conduct comprehensive market analysis of industry developments, regulatory changes, and emerging risks that may impact reinsurance strategies and present opportunities or risks to Verita.
- Assist in the training and development of graduate hires.
- Other duties and responsibilities as assigned.
The Requirements:
- Extensive experience preferably in Property and Casualty insurance, reinsurance or related non-life insurance consulting.
- The candidate must have experience in Property and Casualty and Professional Liability lines are preferred. Candidates with significant experience/relationships in one of these areas will be considered and expected to develop the expertise in the other areas.
- Understanding of Managing General Underwriter program life cycles and placements.
- In depth understanding of the Lloyds market is required.
- Proficient written and verbal communication skills.
- Ability to multi-task priorities in a fast-paced, high intensity environment.
- Experience in giving presentations to prospects, capacity partners and internal groups.
- Computer skills, including Excel, Word, PowerPoint, Outlook.
- Ability to work within agency management systems.
- Ability to provide expert, in depth advice to client(s) resulting in overall client satisfaction.
- Skilled at interfacing with customers and/or senior management.
- Strong presentation skills.
- Effective analysis, problem solving and communication skills.
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
