Senior Underwriter, Casualty Facultative Reinsurance

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview:

Ascot is seeking a Senior Underwriter, Casualty Facultative Reinsurance to join Ascot Re U.S., part of the Ascot Group. In this role you’ll be part of a collaborative team of specialist underwriters and support staff, led by subject-matter-experts with extensive re/insurance experience, with the goal of maintaining, growing, and servicing a profitable U.S. casualty facultative book of business. 

Ascot Re U.S. utilizes Ascot’s Lloyd’s Syndicate 1414, to provide facultative reinsurance in the United States. We are a broker-only market offering a broad range of tailored property and casualty reinsurance products on an individual risk or automatic facultative facility basis, subject to underwriting.

Responsibilities: 

• Quickly prequalify, underwrite and price casualty facultative new/ renewal business submissions of varying size and complexity, in compliance with delegated authority, underwriting guidelines and rating tools.

• Provide superior service to brokers and clients and create visibility through consistent engagement with trading partners. 

• Develop a rolling quarterly marketing plan including conferences, events and meetings with the goal of developing productive reinsurance distribution sources.

• Be a key contributor to the development of new and creative casualty facultative opportunities.

• Provide timely responses to inquiries and requests by internal stakeholders.

• Stay current on competition, underwriting environment, market conditions and share that knowledge with colleagues and leadership. 

• Contribute to authoring internal white papers regarding appetite; the ongoing development of pricing tools with the actuarial department; and enhancing underwriting guidelines.

• Commit to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

   

Requirements:

• A minimum of 4 years of underwriting experience in insurance or reinsurance industry.

• Bachelor’s degree or equivalent professional experience.

• Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.

• Strong critical thinking skills.

• Excellent organizational, desk management and prioritization skills with the ability to work independently and as part of a team.

• Must be positive, self-motivated, and possess strong interpersonal, communication and presentation skills.

• Possess strong technical, analytical, and quantitative skills.

• Excellent oral and written communication skills, ability to successfully negotiate in difficult situations with agents and brokers.

• Solution oriented team player with a strong relationship management skill set working with both internal and external stakeholders and customers.

• Comfortable in client-facing role with travel (up to 25%).

• Proficient in Microsoft Office, particularly Excel.

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus, and other forms of discretionary compensation awarded by the Company. 

The annualized base pay range for this role is: $125,000 - $145,000.

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more.

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver) Retirement Benefits: Contributory Savings Plan (401k).

Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.

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