AmericanAg® · 4 hours ago
Reinsurance Placement Specialist
Schaumburg, IL
Full-time
Hybrid
Senior Level
$150K/yr - $190K/yr
6+ years expAmericanAg® is a global provider of diversified reinsurance services, seeking a Reinsurance Placement Specialist to join their Reinsurance Strategy and Placement team in Schaumburg, Illinois. The role involves supporting reinsurance transactions, maintaining relationships with brokers and reinsurers, and contributing to the optimization of reinsurance structures and execution of transactions.
Insurance
No H1B
Hiring Manager
Sarah (Kline) Ball, MS
Responsibilities
Building and maintaining strong relationships with brokers and reinsurers, with significant participation in meetings addressing marketing of programs
Working with internal stakeholders as the liaison between reinsurance brokers and/or direct writer reinsurers concerning individual treaty reinsurance transactions
Assisting in placement of reinsurance protections for AmericanAg® in accordance with the company’s enterprise risk management guidelines
Contributing to the review of underwriting submissions, program structures, policy language, and market quoting for reinsurance programs
Working with clients, brokers, and reinsurers relating to all aspects of assumed and ceded reinsurance programs at AmericanAg®
Tracking and analyzing pricing feedback from internal and external sources
Maintaining current, in-depth knowledge of the reinsurance marketplace – including industry activity and trends, state issues and regulations, and market developments – to provide timely and relevant information to internal and external stakeholders
Coordinating with internal departments regarding treaty administration, compliance issues, and execution of conditions of contracts
Organizing and coordinating internal responses to requests for transactional audits for corporate or state-specific reinsurance placements
Qualification
Required
Bachelor's degree or equivalent experience
Six or more years of insurance experience, with three years of reinsurance experience
Thorough understanding of reinsurance contract language and reinsurance pricing concepts
Extensive knowledge of the reinsurance market as it relates to reinsurance companies, product and service offerings, market pricing, coverage, and capacity trends, and the personnel in the direct and broker market channels
Understanding of the process of buying reinsurance, including submission development, finalization of reinsurance terms and conditions, gathering authorizations, signing of lines, and contract management
Excellent interpersonal, written, and verbal communication skills, along with the ability to build and develop relationships
Experience with reinsurance finance and claims administration
Fluency with catastrophe modeling output
Proficiency with Microsoft Office products, especially with Excel
Preferred
Continuing education in insurance certification programs (CPCU, ARe) preferred
Benefits
Eligible for an annual bonus
Company
AmericanAg®
American Agricultural Insurance Company (AmericanAg®) stands out from the marketplace as a provider of reinsurance services across the insurance spectrum with a growing global presence.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Andrew Boris
Executive Vice President & Chief Executive Officer
Janet Katz
Retired Executive Vice President & CEO
Recent News
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