Job Description
Renaissance Re
About Specialty Underwriting
RenaissanceRe has one of the largest and diverse specialty reinsurance portfolios in the market. Lines of business covered include, Aviation, Accident & Health, Marine, Energy and Terrorism. The portfolio is global in nature with underwriting teams in London, Zurich, New York and Bermuda. With such a broad product offering and across multiple offices, we require strong communication and collaboration from each individual in the team. Our culture promotes these positive behaviours and has been a large factor in our success and enabled us to become a market leader in specialty business.
About Credit Underwriting
Our industry-leading global credit portfolio is a core part of RenaissanceRe's business, representing ~10% of gross written premium. It consists of three pillars of business: Credit, Bond, and Political Risk (CBPR), Mortgage Credit, and Structured Credit. Our team includes actuaries, attorneys, cash investors, chartered financial analysts, investment bankers, software developers, and (re)insurance and claims experts. Our diversity of experience and collaborative culture enable us to create innovative, market-leading solutions tailored to our clients' needs.
About the Position
We believe in an apprenticeship model at RenaissanceRe and have a track record of identifying high potential early career talent and setting them up for success. Our collaborative model thrives on empowering people strategically and tactically. As an Analyst, you will learn by working side-by-side with our underwriters, gaining hands-on experience to develop your understanding of how to make decisions, build client relationships, and manage deals from start to finish. You'll also work closely with the internal partners who enable our success, including actuaries, risk analysts, weather scientists, IT, operations, finance, and business development. We're investing in you beyond your first role with us and committed to your career development, whether that's along the Underwriting track or into an adjacent space like Risk or Analytics.
Key Responsibilities:
- Provide data review and modelling for insurance, assumed and retrocession deals in appropriate jurisdictions.
- You will incorporate ongoing exposure management for bound transactions and act as a business analyst for new internal models and systems development.
- Support the underwriting process, from initial broker contact to providing inputs to underwriters on transactions to servicing post-transaction client requests (jurisdiction dependent).
- Extract modelling data for deal and portfolio analyses using third-party and proprietary models, tools, and systems; interpret and challenge model results.
- Evaluate and implement new risk models and changes to current risk models.
- Provide analysis and pricing support to underwriters as required.
- Assist in the completion of regulator or other stakeholder required exposure management report.
- Develop an understanding of broker and client dynamics through regular interactions and meetings to develop understanding of drivers and motivations at play in the negotiation process.
Candidate Qualifications:
- A recent graduate(2024 or 2023) with an emphasis on science, engineering, economics, mathematical, statistical techniques or simulation.
- Motivated to learn new concepts and build a career in the insurance industry.
- Excellent mathematical, statistical, problem-solving and data management skills.
- Strong communication and collaboration skills, including the ability to express a point-of-view and receive feedback from others.
- The ability to operate in a fast-paced underwriting environment with multiple workstreams with timely and accurate results.
- Strong analytical and data interpretation skills, with the ability to communicate findings to technical and non-technical audiences.
- Emotional and organizational IQ; strong listening skills, global mindset, and respect for cultural differences.
- Excellent written, verbal, and interpersonal skills, with ability to read and understand contracts.
- Excellent Microsoft Office skills, particularly Excel - or a willingness to upskill in this area.
- Proven analytical and problem solving skills.
- Effective planning and organisation skills.
We believe that meeting these requirements will position you for success in the role. However, if you fulfil 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.
Location: There is currently a hybrid approach to office/remote working and currently anticipate the successful candidate being required to attend the office in central London/City at least 3 days a week.
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