Insurance Coverage Specialist - GenStar

General Re Corporation

$106K — $178K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; CPCU designation preferred.
  • 5+ years of experience in insurance policy analysis or related roles.
  • Extensive knowledge of surplus lines and admitted insurance standards.
  • Strong expertise in optimizing insurance policy wording.
  • Experience with reinsurance contract wording is a plus.
  • Excellent communication, analytical, and technology skills.
  • Active involvement in industry panels or committees is a bonus.

Responsibilities

  • Drafts and maintains comprehensive policy forms and endorsements.
  • Collaborates with underwriting teams on product development and competitive analysis.
  • Aligns coverage with corporate profitability and growth goals.
  • Identifies and rectifies deviation from industry standards in coverage wording.
  • Provides constructive wording alternatives for internal use.
  • Mentors underwriters on policy wording complexities.
  • Stays updated on insurance policy developments and emerging issues.

Benefits

  • Flexible work arrangements, including full-time or hybrid options.
  • Opportunity for career advancement within a well-respected company.
  • Access to mentorship from experienced professionals in the field.
  • Support for continued education and professional development.
  • Dynamic work environment that fosters collaboration across departments.
Full Job Description
We areseeking an analytical, self-motivated CoverageSpecialist to play a pivotal rolein drafting reinsurance contracts, insurance policies and endorsements tooptimize corporate goals. This role is idealfor an experienced individual seeking to advance their career.

GenStar currently offers anexcellent opportunity for an Insurance Coverage Specialist,reporting into our Stamford, CT office. The position may work full-time in Stamford, CT, New York City or dividetime between a home-based office and our Stamford office.

Role Description

The Insurance Coverage Specialist is responsible for a broad spectrum of P&C policy forms, including bureau (mostly ISO), admitted, surplus lines, company specific and manuscript wordings. The priority is drafting commercial lines policies and endorsements - primary casualty, excess liability, umbrella, professional liability, property, first-party insurance, and specialty lines.

Insurance Coverage Specialist:
• Provides expert advice on the research, creation and maintenance of coverage language.
• Works collaboratively with the underwriting divisions on coverages for product development, competitive analysis, line of business initiatives and emerging issues.
• Aligns coverage with profitability, growth and retention objectives of the company.
• Identifies coverage that deviates from current standard forms or common industry practices, or that does not reflect the underwriting intent.
• Furnishes constructive wording alternatives for company use.
• Delivers guidance to underwriters, senior management and others involved in policy wording decisions.
• Viewed as a mentor on policy wording issues for underwriters.

Additional Responsibilities
• Keeps current on insurance policy wording developments, ISO's research, emerging issues and competitors' forms to communicate to underwriters and senior management the importance and impact of proposed wording changes.
• Continually develops specialized knowledge of P&C lines of business to identify wording solutions for the policy structures that meet the business needs.
• Collaborates with other Insurance Coverage Specialists, Reinsurance Contracts Specialists, Underwriters, Claims, Regulatory Specialists and Legal colleagues to improve wordings.
• Prioritizes, organizes and optimizes workloads to promote cost-effective delivery and support for coverage documents.
• Develops and implements Admitted Form Filings with the underwriting divisions and regulatory unit.
• Sets challenging goals and works to meet them.
• Effectively manages time and meets deadlines.

Role Qualifications and Experience
• College degree required. CPCU designation preferred.
• Sustained track record in an Insurance Coverage Specialist, Insurance Policy Analyst, Insurance Product Analyst or similar position. Underwriters, Claims/ Legal Professionals with at least five years of coverage experience may also be considered.
• Extensive knowledge of surplus lines and admitted insurance standards, practices and principles.
• Strong knowledge of optimizing insurance policy wording and features to lines of business.
• Reinsurance contract wording experience a plus.
• Excellent analytical and communication skills.
• High attention to detail and accuracy.
• Ability to work independently and collaborate with colleagues within and across departments.
• Excellent technology skills, including Word, Adobe, Excel, SharePoint and Outlook. Use of AI or LLM a plus.
• Additional consideration may be given for being an active contributor to ISO's Panels or an insurance trade association's committee.

Salary Range
106,000.00 - 178,000.00 USD
The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.

Our Corporate Headquarters Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)

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