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Ryan Specialty · 1 week ago

Structured Insurance Director of Casualty

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

$200K/yr - $250K/yr

8+ years exp

Ryan Specialty is a leading, global alternative risk transfer MGU providing structured (re)insurance solutions for complex and unique risks. The Structured Insurance Director of Casualty is responsible for acquiring, underwriting, and managing structured casualty insurance opportunities, ensuring profitability and sustainable growth for carrier markets while leading a team of underwriters and collaborating with various stakeholders.

Financial ServicesInsuranceRisk Management

Comp. & Benefits

Responsibilities

Underwriting & Portfolio Management

+ Report to Chief Underwriting Officer

+ Oversee underwriting strategy and workflows for structured casualty opportunities, including casualty program business

+ Lead development and implementation of casualty coverage strategy, forms, and pricing concepts

+ Lead the underwriting and development of bespoke structured casualty solutions for complex risks, focusing on profitable growth and long-term sustainability

+ Together with casualty underwriting team, evaluate, select, and price risks, and develop solutions utilizing structuring techniques while ensuring compliance with underwriting guidelines, carrier standards, and legal and regulatory requirements

+ Manage portfolio retention, renewal strategies, and active monitoring of complex property and casualty accounts, focusing on portfolio growth that balances with risk assumption metrics

+ Manage team activity to assure timely review of submissions with casualty team, delivery comprehensive and well-crafted underwriting proposals, and delivery of insurance or captive reinsurance documentation, including rate, quote, and bind processing, premium management, and delivery of policies and endorsements

+ Lead development and rollout of new traditional and structured casualty risk products, as well as developments of existing underwriting methodology, forms, and structures

Risk Assessment & Structuring

+ Lead comprehensive risk assessments focusing on client’s risk, including coverage, exposure, safety features, and industry

+ Oversee casualty team underwriting activities to assure that individual and group standards are consistently achieved

+ Determine and implement appropriate insurance and captive reinsurance structures, including setting of limits, premiums, and terms for structured casualty solutions

+ Lead negotiations of bespoke terms and conditions with brokers while identifying cross-selling opportunities

+ Analyze, report on, and help manage risk portfolio

+ Optimize available data to assist in development of strategies and pricing for different risk structures and product types and adjust underwriting strategies accordingly with senior underwriting leadership

Market & Client Development

+ Build and maintain long-term professional relationships with brokers, carriers, captive managers, and corporate clients, while enabling casualty underwriting team to similarly manage such relationships

+ Coordinate industry events, and Represent the company and affiliates at industry event

+ Understand emerging market trends and regulatory developments and incorporate recommended and required changes into company processes together company leadership

+ Develop strategic initiatives to secure new business opportunities and assure renewals to expand the structured casualty portfolio while assuring profitability of the casualty portfolio

Leadership & Collaboration

+ Provide mentorship and training to underwriters, ensuring technical excellence, adherence to goals and guidelines, and effective use of systems

+ Partner with internal teams to optimize processes, integrate new risk solution concepts, technologies, and align departmental goals with global business objectives

+ Set premium forecasts and budgets, assist in management performance reporting

Qualification

Casualty UnderwritingStructured Insurance SolutionsRisk AssessmentP&C LicensingCPCU CertificationClient Relationship ManagementLeadership SkillsTeam Collaboration