Additional Information
Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Job Objectives
This role is responsible for supporting the Reinsurance Officer in the oversight and execution of successful treaty placements specifically geared toward global commercial property lines of business. Review existing treaty structures and recommend alternative structures and areas where integration would be accretive to the organization. The position will work in close partnership with the global commercial property underwriting teams, helping to ensure robust reinsurance strategies that directly support underwriting operations and profitability goals. Additional responsibilities include the coordination of facultative reinsurance strategies and controls relevant to commercial property risks.
Duties and Responsibilities
Collaborate extensively with the Reinsurance Officer, Global Commercial Property Underwriting, Actuarial, Claims, and Operations teams to review reinsurance requirements for property portfolios and analyze alternative program structures in alignment with underwriting goals.
Develop and nurture relationships with reinsurance brokers and markets specializing in commercial property, facilitating treaty and facultative placements, negotiating contract wording, supporting timely claims payments, and obtaining relevant market intelligence.
Partner with Global Commercial Property Underwriting, Finance, Actuarial, and Claims to collect and analyze exposure data, risk characteristics, catastrophe modeling output, and other submission materials required for reinsurance placements.
Liaise with Legal and Global Commercial Property Underwriting to draft and review commercial property treaty wordings, ensuring all terms and conditions meet company standards and regulatory requirements.
Evaluate reinsurance quotations specific to commercial property business; participate in negotiations to ensure placements support underwriting strategy and risk appetite.
Coordinate the availability, organization, and accuracy of documents required for claims, underwriting, transactional, and ceded reinsurance audits, including those conducted by external auditors, focusing on commercial property treaties.
Track and manage the execution of contract wordings to ensure closure and proper archival, with attention to the nuances of property program structures.
Prepare and summarize treaty terms, limits, deductibles, placements, and schematic diagrams for commercial property treaties.
Maintain a reinsurance resume document cataloguing historical treaty placements, terms, limits, and claims activity for commercial property portfolios.
Keep current with developments in the commercial property (re)insurance market, regulatory landscape, and industry best practices.
Starrcompanies · 399 Park Avenue-new York, NY