Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Job Objectives
This role is responsible for supporting the Reinsurance Officer in the oversight and execution of successful treaty placements specifically geared toward global commercial property lines of business. Review existing treaty structures and recommend alternative structures and areas where integration would be accretive to the organization. The position will work in close partnership with the global commercial property underwriting teams, helping to ensure robust reinsurance strategies that directly support underwriting operations and profitability goals. Additional responsibilities include the coordination of facultative reinsurance strategies and controls relevant to commercial property risks.
Duties and Responsibilities
- Collaborate extensively with the Reinsurance Officer, Global Commercial Property Underwriting, Actuarial, Claims, and Operations teams to review reinsurance requirements for property portfolios and analyze alternative program structures in alignment with underwriting goals.
- Develop and nurture relationships with reinsurance brokers and markets specializing in commercial property, facilitating treaty and facultative placements, negotiating contract wording, supporting timely claims payments, and obtaining relevant market intelligence.
- Partner with Global Commercial Property Underwriting, Finance, Actuarial, and Claims to collect and analyze exposure data, risk characteristics, catastrophe modeling output, and other submission materials required for reinsurance placements.
- Liaise with Legal and Global Commercial Property Underwriting to draft and review commercial property treaty wordings, ensuring all terms and conditions meet company standards and regulatory requirements.
- Evaluate reinsurance quotations specific to commercial property business; participate in negotiations to ensure placements support underwriting strategy and risk appetite.
- Coordinate the availability, organization, and accuracy of documents required for claims, underwriting, transactional, and ceded reinsurance audits, including those conducted by external auditors, focusing on commercial property treaties.
- Track and manage the execution of contract wordings to ensure closure and proper archival, with attention to the nuances of property program structures.
- Prepare and summarize treaty terms, limits, deductibles, placements, and schematic diagrams for commercial property treaties.
- Maintain a reinsurance resume document cataloguing historical treaty placements, terms, limits, and claims activity for commercial property portfolios.
- Keep current with developments in the commercial property (re)insurance market, regulatory landscape, and industry best practices.
Requirements
- Minimum of 5 to 10 years of experience in reinsurance or insurance roles, with a focus on commercial property underwriting highly preferred.
- Strong written and verbal communication skills, with an ability to present technical information clearly and effectively across commercial property, underwriting, and reinsurance stakeholders.
- Proven negotiation skills, particularly in treaty and facultative reinsurance transactions related to commercial property risks.
- Excellent attention to detail, with strong quantitative and analytical abilities relating to property exposure and loss modeling.
- Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced, dynamic environment.
- Capable of working collaboratively with underwriting, claims, actuarial, finance, IT, and legal teams.
- Willingness to work extended hours as required during renewal periods or in response to market opportunities.
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is up to $250,000.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.