Vice President, Management Liability

RenaissanceRe
US - New York - New York
October 2, 2024

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

RenaissanceRe is a market leader in management liability business and has built a portfolio of diverse D&O business. The company is a market leader with deep relationships with the major brokers and seeks a strong candidate who can continue its reputation of providing valued insights that leverages its flexible and agile approach to underwriting risk and supports the needs of its clients.

Reporting to:

Mike Markowski, Senior Vice President

Responsibilities:

The Vice President, Management Liability will be responsible for developing and managing a profitable portfolio of management liability reinsurance business that aligns with the company's risk and return objectives.

This is an opportunity to have a significant impact at a market leading reinsurer. This individual will contribute to optimizing the portfolio to perform well throughout the market cycle.

Specific responsibilities will include:

Manage and underwrite a portfolio of U.S. management liability reinsurance business. Contribute to the underwriting appetite and build a profitable portfolio that will perform over the long-term.
Partner with brokers to determine specific requirements and structure appropriate reinsurance solutions to address client needs and add value.
Conduct extensive analysis of primary operations, products, and management teams.
Work closely with the actuarial team to analyze and price reinsurance programs with unique features.
Build and maintain strong relationships with clients and brokers to ensure the company is a market of choice.
Collaborate with global underwriting team members to develop a consistent view of risk and provide seamless support and solutions to clients.
Contribute to RenaissanceRe's knowledge and expertise in management liability lines and inform internal stakeholders on market trends.

Contribute to the ongoing improvement of RenaissanceRe's proprietary underwriting and portfolio management tools to enhance decision- making.
Represent RenaissanceRe at client and industry events. Travel as required to support the business.

Education:

A college/university degree is preferred.

Experience/Skills:

A minimum of 10 years' experience underwriting professional liability lines at a reinsurer and / or insurer. Extensive knowledge of D&O lines.
A proven track record of managing a profitable portfolio of management liability business.
A thorough understanding of the underlying business. Preferably, has gained experience as an insurance underwriter or as a facultative reinsurance underwriter.
Established strong relationships with clients and brokers.
A deep understanding of policy forms, re/insurance pricing schemes and the regulatory environment.
Appreciates the role and impact of actuarial, finance and claims in the underwriting process.
An appreciation of portfolio management considerations in the underwriting of business.
Strong verbal and written communication skills.

Personal Characteristics:

A big picture thinker who can analyze business with an appreciation of broader portfolio considerations.
Exceptional interpersonal skills; an ability to garner credibility and trust with colleagues, clients and brokers.
Highly collaborative.
Comfortable operating with autonomy yet knows when to collaborate and keep others informed.
Sound business judgement and problem-solving skills.
Strong analytical skills. An ability to grasp actuarial concepts and interpret model results accurately.
An ability and interest in mentoring and developing others.
Intellectually curious.
Strong negotiation skills.
Unquestionable professional integrity.

The full-time base salary range for this position is $230,000-$250,000 per year; base salary offered may vary based on job-related knowledge, skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies only to positions in New York City.

Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.

Read the full job description and apply online on the recuiter's web-site

Vice President, Management Liability

Vice President, Management Liability

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