Reinsurance Underwriter

New York City, New York
Not Specified
Sep 29, 2016
Nov 28, 2016
Job Type
Not Specified
Career Level
Not Specified

Title_Reinsurance Underwriter_

About the OrganizationAmTrust Financial Services, Inc., (Nasdaq: AFSI) headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability; extended service and warranty coverage.

PositionReinsurance Underwriter

LocationNY, New York

DescriptionAmTrust is a multinational specialty property and casualty insurance holding company with operations in the United States, Europe and Bermuda. The Group principally provides workers compensation and customized property and casualty coverages for businesses and specialty and extended warranty coverages for consumer and commercial goods. AmTrust has achieved profitable growth and favourable returns on equity through its focus on specialty insurance markets in which it has underwriting, risk management and claims handling expertise. The Group benefits from a strong rating (AmBest A) and a robust surplus (in excess of $3.45 billion). It is listed on the Nasdaq (NASDAQ Listing as “AFSI”). AmTrust had gross written premium for the year ended 31.12.2015 of $7.4 billion, over 6,200 employees and operates in 70 countries. The AmTrust Unique Risk Underwriting (URU) Division is a team of senior professionals (with capital markets, actuarial, accounting and insurance backgrounds) based in New York, Bermuda, London, Dublin and Luxembourg, and focused on structuring re/insurance solutions for clients. Operations are predominately but not limited to the property and casualty field. Transactions include strategic acquisitions, captive solutions, life settlements and structured re/insurance. Business is conducted on a direct and reinsurance basis through brokered and direct channels, and is worldwide in scope. Guided by a strong work ethic, URU's culture is entrepreneurial, opportunistic and deal orientated.

Open Date9/28/2016

Position Requirements+ Develop the business of structured (re)insurance programs provided by URU
  • Effectively market URU to Brokers & Intermediaries and Other AMTrust divisions
  • Source, underwrite and negotiate insurance transactions in line with the approved guidelines
  • Control policy wordings and incorporate appropriate structural protections
  • Ensure all transactions presented to the underwriting committee are supported by an actuarial review, deal memorandum and cash flow projection
  • Monitor and control transactions post approval The position offers a good degree of flexibility and the opportunity to develop the role. This is not purely an underwriting based role and offers a unique opportunity for a bright individual to develop in an exciting environment. #li-post


    Req NumberUND-16-00135

    Shift-not applicable-

    Number of Openings1

    Employee Referral Eligible

    Employee Referral PayoutThis position is currently accepting applications.