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Treaty Account Executive
3 months ago
Shape Your Future with Us
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries.
Represented in all major reinsurance markets through a network of more than 40 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.
We currently offer an excellent opportunity for an Account Executive within our London Treaty Team.Main Purpose of the Role
Member of the London Treaty Team responsible for the development and profitability of our treaty business in the UK and Ireland.
The position has specific responsibility for client service activities in the region and is a key element of Gen Re's external profile.
Key Responsibilities
- Actively seeking to identify, generate and retain profitable treaty business;
- Develop and manage Gen Re's treaty relationship with a range of specified clients;
- To negotiate contract terms (pricing and contract wording) for new business and renewals;
- Implementation of, and contribution to, the local marketing strategy and delivery of Gen Re's value proposition (People, Product, Promise);
- Communication and alignment of Gen Re's strategy to client needs through the development of an intimate understanding of our client's business and treaty purchasing requirements;
- Working closely with underwriters to agree and align marketing objectives, strategies and actions to the underwriting profitability goals for both the overall portfolio and target segments and/or clients;
- Working closely with Catastrophe Modellers, Quantitative Underwriting Support, Wording professionals and Senior Management to help the business better understand the risks it is presented with:
- Keeping abreast of changes in the broader insurance marketplace and identifying/reporting reinsurance market developments and trends back to the treaty team;
- To work closely with clients and/or underwriters to give support in the design of new solutions and products;
- To identify and research potential business partners with a view to developing a trading relationship from these opportunities;
- To monitor Gen Re Performance and Underwriting result for your client base, whilst working closely with the Treaty Country Manager and Underwriting Managers to shape and execute strategy to achieve our Target Combined Ratio for each line of business;
- Building your own, and Gen Re's, profile through the attendance of industry events, speaking engagements, publication of articles and the development of marketing material.
Qualifications & Experience- Industry-related experience with a track record of developing client oriented solutions;
- The ability to build lasting relationships with clients;
- The ability to think quickly and offer creative solutions to problems;
- Advanced negotiation skills;
- Professionalism, team orientation, and a strong work ethic;
- A solid understanding of a broad range of Treaty products;
- Strong oral and written communication skills.
Our Address
General Reinsurance, London Branch
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)
