Reinsurance is insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on ("ceded") to another insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred simply as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsur ...
ance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. A company that purchases reinsurance pays a premium to the reinsurance company, who in exchange would pay a share of the claims incurred by the purchasing company. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that accept reinsurance refer to the business as 'assumed reinsurance'.
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JCW is currently working on behalf of a rapidly growing MGA. Their Mono-Line Property Division is dedicated to providing customized underwriting solutions for retail brokers in the hospitality and real estate sectors, addressing property risks associated with bars, restaurants, nightclubs, hotels, motels, and offices. Key Responsibilities. Underwriting. Assess, quote, and bind a diverse portfolio of new and renewal property business within design...
Our direct client in Alpharetta, GA is growing and looking to add multiple underwriters to their team. One of the fastest growing companies in the industry. Key Responsibilities. Solicit and review new and renewal property submission from various production sources. Analyze submitted documentation according to company underwriting standards and guidelines and request additional information. Subject to written underwriting authority prepare and pr...
Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk through a network of branch and representative offices across North America, Latin America, EMEA (E...
We are seeking a skilled Reinsurance Accountant to join a top P&C Reinsurance firm as part of their Reinsurance Accounting team. This role is crucial for managing and processing reinsurance accounts and ensuring accurate documentation and reconciliations. Key Responsibilities. Analyze and process various reinsurance technical accounts, including quarterly accounts, profit commission calculations, sliding scale commissions, and premium adjustments...
Our client, a leading Commercial P&C Insurance Company, is continuing to grow and is seeking to add an Operations Specialist within their Reinsurance Department. This person will play a critical role in supporting the company’s reinsurance operations. This position requires a detailed-oriented individual with strong analytical skills and a deep understanding of reinsurance processes. The ideal candidate will ensure the effective administration of...
NAMIC Insurance Company (NAMICO). NAMIC's in-house professional liability insurance company, has a new opportunity for an Underwriting Manager at our Indianapolis location. Reporting to the VP - Underwriting & Chief Underwriting Officer, this full-time position will Manage and coordinate underwriting and policy issuance activities. Essential functions of the position include. Assists with the development, design, implementation and administration...
Description. Applied Underwriters is a global risk services company that continues to expand our offerings in property and casualty insurance. We are looking for intelligent and knowledgeable candidates that will utilize their rich experience in reinsurance ratemaking and underwriting to contribute in all aspects related to reinsurance in a fast-paced environment. . LI-Onsite. Requirements. At least five years of experience in reinsurance pricin...
Robert Half is seeking a Reinsurance Accountant to work with a top national reinsurance firm. Does this sound like you. Responsibilities:Extensive Reinsurance Accounting experience.P& C/Life insurance experience, reconciling general ledger, GAAP and STAT reporting.Ensured Schedule F tied back to the Yellow Book
Join a dynamic actuarial team within a traditional and supportive work environment. Positions are available for a credentialed or near-credentialed actuary with experience in Property & Casualty Insurance, Life Insurance and/or Health Insurance. Project work and investigative studies will include a combination of pricing, reserving, reinsurance, emerging issues and other topics. Position will be structured to fit the expertise and experience leve...
Description. Position. Underwriting Manager. Department. Underwriting. Reports To. Underwriting Vice President or Sr. Vice President. Position Summary. The purpose of this position is a leadership role overseeing the operation of the underwriting department. Essential Functions and Responsibilities. 1. Train and manage underwriters to evaluate and select risks that will result in a profit and growth for the company. 2. Evaluate, maintain and impr...
Description. Position. Underwriting Manager. Department. Underwriting. Reports To. Underwriting Vice President or Sr. Vice President. Position Summary. The purpose of this position is a leadership role overseeing the operation of the underwriting department. Essential Functions and Responsibilities. 1. Train and manage underwriters to evaluate and select risks that will result in a profit and growth for the company. 2. Evaluate, maintain and impr...
Pennsylvania Lumbermens Mutual Insurance Company. Position. Underwriting Manager. Department. Underwriting. Reports To. Underwriting Vice President or Sr. Vice President. Position Summary. The purpose of this position is a leadership role overseeing the operation of the underwriting department. Essential Functions and Responsibilities. 1. Train and manage underwriters to evaluate and select risks that will result in a profit and growth for the co...
