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About the Role

Underwrite both new and renewal facultative reinsurance business, partnering with brokers and insurers to deliver tailored risk solutions while contributing to the profitable growth of our portfolio. Evaluate, price, and underwrite individual insurance risks submitted by brokers/insurers for reinsurance coverage on a facultative basis.

Responsibilities

• Evaluate and underwrite complex risks submitted for facultative reinsurance and semi-automated program business in property and engineering
• Analyze exposure, historical loss data, and risk characteristics to determine appropriate pricing, terms, and conditions using company rating and assessment tools
• Apply underwriting guidelines and negotiate pricing to win profitable business while remaining competitive
• Build and maintain strong relationships with brokers, cedants (primary insurers), and other stakeholders in the reinsurance market
• Represent the company at industry events and meetings to enhance market presence and reputation
• Identify and pursue opportunities for portfolio growth and improvement
• Ensure all underwriting activities comply with internal policies, procedures, and regulatory requirements
• Maintain accurate underwriting records and documentation
• Contribute to ongoing process improvement by identifying opportunities to enhance underwriting practices, tools, and efficiencies
• Stay updated with industry trends, market conditions, and best practices in the facultative reinsurance space
• Facilitate the processing of business transactions and ensure all documentation is complete and up to date

Requirements

• Minimum 5 years of underwriting experience in the property or engineering insurance or reinsurance market preferred
• Strong analytical and decision-making skills
• Excellent negotiation and interpersonal abilities
• Effective written and verbal communication skills
• High attention to detail and organizational skills
• Proficiency in relevant computer applications (e.g., MS Office, underwriting/pricing tools & file management systems)
• Ability to work independently and collaboratively in a fast-paced environment

Skills

• Underwriting
• Risk assessment
• Pricing
• Negotiation
• Relationship building
• Market analysis
• Communication
• Analytical skills
• Decision-making
• Interpersonal skills
• Organizational skills
• MS Office proficiency
• Underwriting/pricing tools proficiency
• File management systems proficiency

Experience Level

• Minimum 5 years of experience

Education Level

• College Diploma or University degree in Business, Economics, Finance, Engineering or a related field
• Professional/insurance designations (e.g., CIP, CRM, RPLU) are an advantage
• Financial analysis skills are an advantage

About the Company

• We are #somewhatdifferent – people with their own stories, experiences, and career paths. Everyone is welcome!
• More on our work environment, your entry opportunities and development prospects can be found at www.hannover-re.com/en/career.

Equal Opportunity

• Everyone is welcome!
• Apply with just one click on the “Apply now” button and become part of our diverse team! We'd love to hear about your skills and experiences. No need to upload a photo – it won’t impact your application.