Structured ReInsurance Underwriter

Position Summary

The Structured Reinsurance Underwriter leads the reinsurance underwriting business of the company. This role is responsible for managing the underwriting of reinsurance for captive reinsurers in connection with structured risk solutions for corporate and institutional clients and for the development and oversight of structured reinsurance opportunities supporting professional insurers and reinsurers. This leadership position is responsible for ensuring profitable and sustainable growth for carrier markets. In addition to collaboratively supporting the company’s structured insurance business, this senior-level staff position works collaboratively with (re)insurer-clients and brokers to provide bespoke, structured reinsurance solutions to client-insurers while building a profitable portfolio of assumed risk for represented reinsurers. USQRisk is a leading, global alternative risk transfer MGU providing structured (re)insurance solutions for complex and unique risks.

What will your job entail?

Key Responsibilities

• Underwriting & Portfolio Management
• Risk Assessment & Structuring
• Market & Client Development
• Leadership & Collaboration
• Report to Chief Underwriting Officer.
• Support the company’s underwriting of structured risk captive reinsurance opportunities for large corporate and institutional clients.
• Develop and implement a business strategy to underwrite bespoke structured reinsurance solutions for cedant-insurers on behalf of represented assuming-reinsurers.
• Evaluate, select, and price complex reinsurance solutions for risks with a focus on long-term profitability and alignment with underwriting guidelines and strategic goals.
• Actively monitor individual structured reinsurance contacts and portfolio performance.
• Identify and source additional reinsurance company capital and negotiate terms of business with reinsurers and brokers.
• Assure timely client risk reviews and analyses, underwriting proposals, and delivery of reinsurance documentation in connection with captive reinsurance and structured reinsurance.
• Assure compliance with legal, regulatory and compliance requirements.
• Conduct comprehensive risk assessments focusing on client risk, including coverage, exposure, safety features, and industry.
• Determine appropriate reinsurance structures, including setting limits, premiums, and terms for structured reinsurance solutions.
• Negotiate bespoke terms and conditions with brokers while identifying cross-selling opportunities.
• Analyze, report on, and help manage risk portfolio, including reporting to stakeholders on expected business profitability.
• Optimize available data to assist in development of strategies and pricing for different risk structures and product types and adjust underwriting strategies accordingly with senior underwriting leadership.
• Build and maintain long-term professional relationships with business stakeholders, including clients, brokers, represented reinsurers and captive managers.
• Represent USQRisk and affiliates at industry events and stay ahead of emerging market trends, regulatory developments.
• Develop strategic initiatives to secure new business opportunities and assure renewals to expand the structured casualty portfolio while assuring profitability of the casualty portfolio.
• Provide mentorship and training to underwriters, ensuring technical excellence, adherence to goals and guidelines, and effective use of systems.
• Partner with internal teams to optimize processes, seamlessly integrating new risk solution concepts and technologies, and aligning departmental goals with global business objectives.
• Set premium forecasts and budgets, assist in management performance reporting. 

Qualifications

This position requires a proven market leader with deep technical expertise in property & casualty underwriting and structured insurance and reinsurance solutions. The successful candidate will combine strategic vision with hands-on underwriting acumen, ensuring USQRisk continues to deliver innovative risk transfer solutions for insurers and reinsurers.

• Experience: Minimum10 years of property & casualty underwriting, with significant exposure to complex/structured solutions and a working knowledge of structured insurance and reinsurance.  Experience in or working knowledge of quantitative and financial modeling is preferred.
• Education: Bachelor’s or Master’s degree in Risk Management, Actuarial Sciences or Business Administration is strongly recommended. Any other related discipline or commensurate work experience considered.
• Licensing:
• Required: State P&C and/or surplus lines licenses.
• Preferred: CPCU, CIC, or equivalent advanced certifications.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $220,000.00 - $275,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/. 

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com 

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.