Vice President, Reinsurance/ Alternative Risk Solutions
Overview and Responsibilities:
You would lead the Reinsurance and Loss Portfolio segment in developing and executing a strategy responsible for reinsurance/ loss portfolio placement in accordance with corporate goals and creates a competitive advantage in this particular field.
You would oversee the strategic plan for the Client’s Assumed Reinsurance, Alternative Risk and Loss Portfolio Transfer underwriting and administration functions.
Monitoring performance against strategic plan and provides regular updates to management.
You will coordinate with standard underwriting leadership to ensure Assumed Reinsurance plans are aligned.
Ensures achievement of profitable Assumed Reinsurance/growth and adherence to plan goals and objectives.
Maintains Assumed Reinsurance book through assessment of risk tolerance, market appetite and emerging risk issues and executes Assumed Reinsurance underwriting strategy.
Work with actuaries to evaluate underwriting opportunities, trends and patterns for new business as well as renewal accounts.
You will create and review underwriting performance measures with management team.
Coordinates and is responsible for all reinsurance administrative activities as well as state requirements and internal compliance.
Provide technical support for HCPL ceded reinsurance programs, including contract analysis.
Reviews and revises workflow, process and procedures for continuous improvement.
Holds Assumed Reinsurance working group accountable for following cultural values and norms.
Monitors compliance, reports results, and assures corrective actions for all unit functions.
Ensures Assumed Reinsurance alignment of individual goals with company goals.
Monitors Assumed Reinsurance new business production and renewal retention against plan and takes corrective action as needed.
Establishes and ensures implementation of an underwriting quality assurance program for Assumed Reinsurance Underwriting.
Develops pricing for all Assumed Reinsurance new business and renewal accounts in accordance with the company’s underwriting authority requirements.
You will report to the Senior Vice President, Specialty Underwriting.
Bachelor’s degree required; advanced degree or reinsurance underwriting and contract analysis experience desired; CPCU; RPLU; or reinsurance and/or captive specialty designation;
5+ years of management and insurance or reinsurance operations experience required; extensive knowledge of medical professional liability insurance products, distribution channels both retail and reinsurance, executive level experience desired.
Strong leadership, relationship and communications skills to develop and maintain highly–productive relationships with Underwriting, Actuarial, Sales, Claims, Legal /Compliance, Service Center, Operations and Risk
Resources staff. Strong understanding of both Medical Professional Liability insurance and reinsurances markets (underwriting, actuarial, distribution and administration). Adaptable & comfortable with change and the ability to execute a successful underwriting strategy.