UFG is hiring a
Financial Lines Assumed Reinsurance Underwriter to underwrite and manage the financial lines reinsurance portfolio, with emphasis on mortgage, surety, and/or credit reinsurance treaties (candidate must bring deep expertise in at least two of these product areas). This role serves as the primary face of the company to brokers and cedents for the assigned portfolio, leading negotiations, structuring solutions, and driving profitable growth in line with UFG underwriting guidelines and risk appetite.
The Underwriter works closely with colleagues in actuarial, risk, claims, finance, and portfolio management to execute the business plan, and deliver sustainable returns. The position is fully remote within the United States, with the option to work from the company's home office as desired.
Essential Duties and Responsibilities:- Lead the end-to-end underwriting of assumed treaty reinsurance submissions for financial risks including exposure and experience analysis, treaty structuring, and pricing.
- Act as primary point of contact with reinsurance brokers for the assigned portfolio, managing day-to-day relationships, developing new opportunities, and leading negotiations of terms, conditions, and pricing.
- Evaluate portfolio performance, strategy, and underwriting discipline to assess fit with the company's risk appetite and capital allocation priorities.
- Review, structure, and negotiate treaty contracts including wording, coverage terms, exclusions, and endorsements in collaboration with legal, actuarial, and operations teams.
- Perform in-depth portfolio management, including monitoring accumulations, diversification, profitability, and key performance indicators for assigned treaties and overall segment.
- Prepare and present underwriting analyses, and recommendations to Underwriting Committees,
- Contribute to the annual business planning process for the Financial Risks treaty portfolio, including production, profitability, and exposure targets, and support the development and refinement of underwriting strategies.
- Collaborate with actuarial/pricing teams, providing underwriting insight and cedent/broker intelligence to ensure models and pricing appropriately reflect risk characteristics and market conditions.
- Support accurate booking and financial accounting of treaties by working closely with reinsurance accounting and operations on statements, bordereaux, and related reporting.
- Represent the company at industry conferences, broker meetings, client visits, and market events in the US and internationally, promoting the company's brand and capabilities.
- Maintain strong awareness of competitive landscape, rating agency perspectives, regulatory developments, and macroeconomic trends affecting financial risks, credit, political risk, surety, and mortgage markets.
- Mentor junior underwriters or analysts as appropriate, sharing best practices and helping to build technical expertise within the team.\
