Job Description
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 are 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.
Job Summary
Ascot is seeking a passionate individual interested in the (re)insurance industry 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 And Duties
- 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 excellent service to our distribution 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.
- Contribute to authoring internal white papers regarding appetite; the ongoing development of pricing tools with the actuarial department; and enhancing underwriting guidelines.
- Collaborate with colleagues in other geographies and functional areas of the company for specific initiatives, as needed.
Experience And Skills Required
- Minimum of 4 years of underwriting experience in the P&C insurance industry, Casualty (Re)insurance underwriting with a strong understanding of casualty liability underwriting concepts and principles preferred.
- Bachelor’s degree or equivalent professional experience.
- Ability to multi-task and prioritize in a high-volume transactional 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.
- Proficient in Microsoft Office with strong Excel skills.
- ARe, CPCU, ARM or other relevant professional designation preferred, but not required.
- Knowledge of Casualty Facultative insurance products, insurance regulations and the insurance industry.
- Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
- Must be able to travel up to 15%.
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, long-term incentives, and other forms of discretionary compensation awarded by the Company.The annualized base pay range for this role is: In New York - $110,000 - $140,000.
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).
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