Anywhere RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
Position: VP, A&H Underwriting
Job Location: New York, NY
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose – we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world’s most complicated challenges. To learn more, please visit us at Careers – RenaissanceRe (renre.com).
About A&H Underwriting
RenaissanceRe is a market-leading accident and health reinsurer with an excellent track record of strong underwriting results. We offer international capabilities and a wide range of solutions to client insurers and health plans, including reinsurance coverage for medical excess, employer stop loss, travel, accident, disability, ancillary medical and occupational accident coverages.
Our success is grounded in our highly technical underwriting approach, our dedication to establishing and cultivating trusted relationships with long-standing clients, and our ability to provide innovative solutions and unparalleled service. Our diversity of experience and collaborative culture enable us to create solutions tailored to our clients’ needs.
About the Position
As a leader in US A&H reinsurance market and with a newly expanded footprint, RenaissanceRe is in a unique position to leverage our global expertise to grow our team. We are seeking an experienced and collaborative professional to join our dynamic global team.
Reporting directly to the SVP, Global Head of A&H, the VP, A&H Underwriting, is responsible for the analysis, production, marketing, and underwriting of A&H reinsurance business in the US. In addition to a strong understanding of the US health insurance market, the ideal candidate will have direct insurance or reinsurance experience with a broad range of A&H products. Energized by the opportunity to help grow a business in an entrepreneurial environment, they will enjoy rolling up their sleeves across multiple dimensions, from day-to-day underwriting and client support to developing and cultivating client relationships to working with analytics partners on modelling and reporting. This individual will serve as an A&H subject matter expert both internally and externally and proactively explore ways to grow our business profitability.
The VP role is based in our midtown New York office and will be expected to travel primarily within the United States, with select travel to London.
Key Relationships
Reports to: SVP, Global Head A&H
Key stakeholders & partners: President of RenaissanceRe US Platform, Global Head of Specialty, regional A&H leaders, Actuarial Pricing, IT, Risk, Legal, Operations, Business Development
Key Responsibilities Structure and underwrite A&H reinsurance treaties, with particular focus on US health and travel deals
Develop and deepen new and existing client relationships reflective of our commitment to long-term partnerships and tailored solutions that evolve with our clients’ needs
Act as a resource on A&H market trends and the broader health insurance environment both internally and externally; serve as a subject matter expert for clients and staff on A&H products
Communicate RenaissanceRe’s underwriting approach effectively to both brokers and clients
Seek ways to leverage our entire platform by identifying creative and multifaceted solutions
Evaluate, challenge, communicate, and apply model results to underwriting discipline
Promote and strengthen the risk management culture through active use, development, and continuous improvement of proprietary and other risk modelling, data analysis, and reporting tools
Operate collaboratively in our integrated system, designed to break down silos to create effective partnerships across underwriting, technology, regional platforms, and corporate functions
Mentor, train, and develop junior talent
Candidate Qualifications: At least 7+ years of relevant experience in underwriting, product development, and/or pricing, preferably at a US health insurer or A&H reinsurance company
Demonstrated expertise analyzing multiple classes of A&H exposure; experience with health insurance required, additional experience in travel, special risks and/or accident products preferred
Proven ability to manage and grow client relationships; listening skills and horsepower to identify and address risk needs of the highly regulated and continually evolving US health insurance market
Knowledge of the A&H underwriting process, including an understanding of client and intermediary relationships, and terms and conditions of A&H (re)insurance
Technical acumen to navigate complex risk systems to support pricing and portfolio management functions; modelling and programming helpful but not required
Deep understanding of policy forms, pricing schemes and the role and impact of actuarial, finance and claims in the underwriting process
Intellectual curiosity, love for data, and drive for continuous development
Excellent interpersonal, presentation, written, and verbal communications skills with ability to communicate professionally at all levels of the organization as well as externally with key clients, brokers, and vendors
A keen focus on profitability by matching desirable risk with the most efficient capital
Undergraduate degree or equivalent expected; MBA or similar post-graduate degree preferred
Leadership Competencies & Values: Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes
Execution: Proactively identifies resources, actions and timelines needed to achieve objectives, effectively balancing tactical pressures with broader implications and downstream impact
Communication: Shares relevant information in a timely manner with stakeholders and conveys points of view in a way that influences opinions and demonstrates flexibility
Client and solutions focus: Identifies process and service opportunities that enhance the external and internal client experience and outcomes
Innovation: Stretches self and others to think differently and innovatively, drawing upon multiple sources for ideas and inspiration
Learning mindset: Seeks out and explores new assignments, exposure, or challenges in order to enhance technical skills
Values: Exemplifies and champions RenaissanceRe’s core values of Focus, Respect, Integrity, Precision, Passion
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenaissanceRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
The full-time base salary range for this position is $180,000-$225,000 per year; base salary offered may vary based on job-related knowledge, skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies only to positions in New York City.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.