Munich Re
Location: Princeton,NJ, USA
Date: 2024-11-26T07:31:56Z
Job Description:
Head of Casualty, US P&C Re Company Munich Re America Location Princeton , United States We're adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. We will consider a range of reinsurance and/or relevant insurance experience for this role and the offer will be commensurate with that. The CompanyMunich Re North America offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow's world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to your needs, creating opportunities to achieve sustained profitable growth. The OpportunityFuture focused and always one step ahead Key to the achievement of our goals to become a digital enterprise which leverages data analytics in order to make decisions about current and future risks, you'll be empowered and expected to support and add to our culture of innovation and the vision for the future of Reinsurance.The Head of Casualty role drives one of the largest Casualty and Professional Lines portfolios in the US Reinsurance market. In addition, it is part of the overall Executive Leadership Team for MR North America (P&C Re). The Head of Casualty will lead several Casualty Treaty Teams responsible for the underwriting of Auto Liability, General Liability, Professional Lines and Workers Compensation lines of business. This position reports to the CEO and is an integral part of the development and the execution of our Casualty and overall Business Strategy. The Head of Casualty is empowered to advance our digital and data analytics capability and add to the MR Group innovative culture and vision for the future of reinsurance.Manages all aspects of the US Casualty Treaty Underwriting unit within Munich Re North America (P&C Re). Individually and in conjunction with Underwriting Managers of each team, core responsibilities include: Drive the performance of the Casualty portfolio in close cooperation with our clients and intermediariesDevelop and execute our overall Casualty strategyManage the underwriting process to ensure efficiency as well as underwriting and pricing integrity of the Casualty treaty portfolioEnsure underwriting practices are consistent with MR Group and MR NA guidelines and best practicesIdentify opportunities to further develop underwriting and portfolio management capabilities including use of data analytics and digitalization Develop talent across the MR GroupOperate as a thought leader, internally and externally, promoting MR Group Casualty expertise. Take the lead in creating solutions and resolving problemsSuccessful candidates will possess the following:Bachelor's degree and/or equivalent work experience required, advanced degree preferred10+ years of progressively responsible Insurance and/or Reinsurance experience preferably in Casualty5+ years Staff Management experience preferredStrong understanding of Actuarial principles applicable to reinsurance pricing and portfolio managementStrong understanding of Legal concepts and interpretation applicable to Liability lines of business and reinsurance contract wording Ability to design and implement strategyDemonstrate exceptional market expertise which includes understanding the competitor landscapeExceptional communication, interpersonal and presentation skills that include the ability to convey a vision and client-focused solutions as well as explain complex issues to both technical and non-technical audiences Strong strategic thinkerExcellent negotiation and consultative skills Entrepreneurial spirit and intellectual curiosityWillingness to travel (about 25%)At Munich Re North America, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Apply now! Apply for this Job!
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