Head of Casualty, US P&C Re

Head of Casualty, US P&C Re

Company:
Munich Re America
Location:
Princeton, United States

We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. We will consider a range of reinsurance and/or relevant insurance experience for this role and the offer will be commensurate with that.

The Company:
Munich Re North America offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products. We address the key challenges of the future – that is what we have been doing in the US property/casualty reinsurance market since 1917.

The Opportunity:
Future focused and always one step ahead. Key to the achievement of our goals to become a digital enterprise which leverages data analytics in order to make decisions about current and future risks, you’ll be empowered and expected to support and add to our culture of innovation and the vision for the future of Reinsurance.

The Head of Casualty role drives one of the largest Casualty and Professional Lines portfolios in the US Reinsurance market. In addition, it is part of the overall Executive Leadership Team for MR North America (P&C Re). The Head of Casualty will lead several Casualty Treaty Teams responsible for the underwriting of Auto Liability, General Liability, Professional Lines, and Workers Compensation lines of business. This position reports to the CEO and is an integral part of the development and the execution of our Casualty and overall Business Strategy.

Manages all aspects of the US Casualty Treaty Underwriting unit within Munich Re North America (P&C Re). Individually and in conjunction with Underwriting Managers of each team, core responsibilities include:

• Drive the performance of the Casualty portfolio in close cooperation with our clients and intermediaries.
• Develop and execute our overall Casualty strategy.
• Manage the underwriting process to ensure efficiency as well as underwriting and pricing integrity of the Casualty treaty portfolio.
• Ensure underwriting practices are consistent with MR Group and MR NA guidelines and best practices.
• Identify opportunities to further develop underwriting and portfolio management capabilities including use of data analytics and digitalization.
• Develop talent across the MR Group.
• Operate as a thought leader, internally and externally, promoting MR Group Casualty expertise. Take the lead in creating solutions and resolving problems.

Successful candidates will possess the following:

• Bachelor’s degree and/or equivalent work experience required, advanced degree preferred.
• 10+ years of progressively responsible Insurance and/or Reinsurance experience preferably in Casualty.
• 5+ years Staff Management experience preferred.
• Strong understanding of Actuarial principles applicable to reinsurance pricing and portfolio management.
• Strong understanding of Legal concepts and interpretation applicable to Liability lines of business and reinsurance contract wording.
• Ability to design and implement strategy.
• Demonstrate exceptional market expertise which includes understanding the competitor landscape.
• Exceptional communication, interpersonal and presentation skills that include the ability to convey a vision and client-focused solutions as well as explain complex issues to both technical and non-technical audiences.
• Strong strategic thinker.
• Excellent negotiation and consultative skills.
• Entrepreneurial spirit and intellectual curiosity.
• Willingness to travel (about 25%).

At Munich Re North America, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued, and empowered to achieve their very best every day.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Apply now!