Facultative Reinsurance Placement Specialist, Commercial Insurance

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in (54) countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Job Responsibilities:

• Proactively manage timing of new line and renewal reinsurance placements in conjunction with the underwriter for all lines of business in CI (Property, GL, Auto, etc.).
• Will monitor any changes in underwriting strategies and will perform placement review in relation to respective changes.
• Negotiates CI’s terms and conditions with reinsurers via the eRe platform.
• Will assess reinsurance placements and make recommendations i.e. identify treaty need, need for change in reinsurance strategy.
• Monitor capacity by reinsurer as per Chubb’s corporate guidelines.
• Will share placement details with the corporate reinsurance and claims teams upon requ+est.

Knowledge and Skills:

Candidates for this position should have 5-7 years of experience in commercial underwriting and/or knowledge of insurance industry theories and practices is required. They should have an understanding of facultative reinsurance including experience with negotiating terms and conditions with reinsurers. Expertise using the eRe platform is not mandatory but is a plus.

Candidates must demonstrate a high proficiency in time management, collaboration, teamwork, problem solving, analytical, and negotiation skills. Candidates must have strong interpersonal and communication skills and the ability to effectively interact with all levels of business partners.

Education:

Bachelor’s Degree

Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.