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Senior Underwriter

Company: Starr Companies
Location: Miami
Posted on: January 26, 2023

Job Description:

Underwrite Technical Lines & Construction portfolio for Starr in Latin America (Onshore Operational Property Insurance for Oil, Gas, Petrochemicals, Chemicals, Pharmaceuticals, Power Generation/Utilities, Process Industries, Mining, Steel, and Pulp & Paper), Commercial Property, and Construction "All Risks" Insurance.

  • P rovide underwriting assistance for Technical Lines and Construction risks elsewhere in the Latin America region, as may be required.
  • Meet regularly with Insurance / Reinsurance brokers and Risk Managers/Insureds. You will work to identify and develop business, and provide insurance quotations to international brokers and Starr's offices in Latin America, including the underwriting and quotation proposals. This includes the
    • underwriting assessment of risks within the underwriting authority that may be delegated to you, and
    • preparation of referrals on new and renewal business, and
    • assessment and monitoring of natural catastrophe exposures where applicable
    • arrangement of reinsurance as may be appropriate, and
    • monitoring of the results on the accounts in your portfolio and the taking of corrective measures if necessary. Among other responsibilities, you will:
      • Underwrite, analyze, and manage the Onshore Operational Technical Lines & Construction Insurance portfolio assigned to you, in accordance with Starr's risk appetite and guidelines.
      • Assist and implement the Facultative and/or Treaty reinsurance placement strategy;
      • Work with the local Starr offices in Latin America assigned to you and the Technical Lines Regional Manager in Miami to prepare an Annual Business Plan and Budget.
      • Develop new business and renewal submissions for insurance and inward reinsurance to create a well-balanced and profitable Technical Lines & Construction Insurance portfolio.
      • Provide underwriting assistance for Technical Lines & Construction to Starr offices elsewhere in the Latin America region, as may be necessary.
      • Place facultative reinsurance following Home Office guidelines as well as local regulations , as may be necessary.
      • Work with other Starr Profit Center Managers for all Lines of Business to develop cross-marketing opportunities.
      • Create a list of target accounts and develop strategies to deal with such business.
      • Meet regularly with local Brokers and Risk Managers/Insureds, including participation in 'road-shows'.
      • Assist in the training and development of underwriting assistants and junior underwriters.
      • Assist Starr Offices worldwide in the local placement in Latin America of multinational business. Qualifications
        • Bachelor's Degree or equivalent / Civil or Mechanical Engineering an advantage
        • More than 5 years of practical underwriting experience in Technical Lines and Construction insurance / reinsurance.
        • Practical experience of using Underwriting Rating tools and methods, including Catastrophe Risk modelling and pricing
        • Excellent knowledge of relevant policy wordings
        • Extensive knowledge of the Latin America region and its insurance/reinsurance markets for Technical Lines and Construction.
        • Experience with the placement of Facultative Reinsurance for complex risks
        • Good understanding of natural catastrophe exposures, especially earthquake, windstorm, tsunami, and flood.
        • Detail oriented; attention to quality/accuracy
        • Ability to work largely unsupervised
        • Ability to multi-task and prioritize workflows efficiently
        • Effective negotiation and management skills
        • Computer literate in Excel, Word and PowerPoint.
        • Languages: Full professional proficiency in English and Spanish. Portuguese would be an advantage.
        • Ability and willingness to travel as may be required Except as required by law, Starr requires all applicants and employees to be fully vaccinated in accordance with CDC Guidelines. Starr Companies is comprised of C. V. Starr & Co., Inc. and Starr Insurance Holdings, Inc., and is an equal opportunity employer, M/F/D/V and does not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, national origin, age, citizenship, disability, marital status, pregnancy, veteran status or any other characteristic protected by law. Starr Companies all rights reserved.

Keywords: Starr Companies, Miami , Senior Underwriter, Other , Miami, Florida

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