Senior Reinsurance Underwriter

We're Hiring: Senior Reinsurance Underwriter

Location: United Arab Emirates (Remote)

Employment Type: Full-Time

Experience Level: Senior

Work Arrangement: Fully Remote

About Us

We are a globally focused organization committed to delivering sustainable insurance and reinsurance solutions that help clients manage risk, protect capital, and support long-term financial resilience across diverse markets.

Our teams collaborate across Reinsurance, Underwriting, Actuarial, Claims, Risk, Finance, Capital Management, Broking, Legal, Compliance, and external cedants and reinsurers to evaluate risks, structure appropriate reinsurance solutions, and maintain a disciplined and profitable underwriting portfolio.

The Role

We are seeking an experienced Senior Reinsurance Underwriter to lead the evaluation, selection, pricing, structuring, and management of reinsurance risks across relevant lines of business and territories.

The ideal candidate will combine strong technical underwriting expertise with commercial judgment, actuarial awareness, portfolio management capabilities, and knowledge of reinsurance markets. The role will assess submissions, develop terms and conditions, negotiate with brokers and cedants, manage portfolio exposure, and ensure underwriting decisions remain aligned with risk appetite, capital objectives, and profitability targets.

Key Responsibilities

• Develop and execute reinsurance underwriting strategies aligned with organizational objectives and risk appetite.
• Evaluate facultative and treaty reinsurance opportunities across approved classes of business.
• Review reinsurance submissions, underwriting information, loss histories, exposure data, financial information, and supporting documentation.
• Assess the quality, completeness, and reliability of information provided by cedants and brokers.
• Analyze underlying insurance portfolios, risks, exposures, policy structures, claims experience, and historical performance.
• Conduct detailed underwriting assessments of individual risks and portfolios.
• Evaluate catastrophe, accumulation, frequency, severity, and emerging-risk exposures.
• Assess geographic, industry, peril, occupancy, asset, and policy-level concentrations.
• Review exposure information and identify material data gaps, inconsistencies, or underwriting concerns.
• Determine risk acceptability in accordance with established underwriting guidelines and delegated authority.
• Develop appropriate reinsurance terms, conditions, limits, deductibles, exclusions, warranties, and coverage structures.
• Determine appropriate participation levels, capacity allocations, and line sizes.
• Price reinsurance risks using appropriate underwriting, actuarial, market, and portfolio information.
• Review technical pricing, loss-cost assumptions, exposure curves, catastrophe-model outputs, and actuarial indications where applicable.
• Assess adequacy of proposed rates, premiums, commissions, reinstatement provisions, and other financial terms.
• Conduct profitability and sensitivity analysis for proposed reinsurance business.
• Evaluate expected loss ratios, combined ratios, technical margins, return on capital, and risk-adjusted returns.
• Consider portfolio diversification and correlation when evaluating new underwriting opportunities.
• Balance growth objectives with underwriting discipline and capital constraints.
• Negotiate terms and conditions with brokers, cedants, clients, and other counterparties.
• Build strong relationships with brokers, cedants, insurers, reinsurers, and strategic market partners.
• Participate in renewal negotiations and annual treaty-renewal processes.
• Lead or support negotiations involving pricing, capacity, coverage, exclusions, commissions, terms, and contractual conditions.
• Prepare underwriting recommendations and submissions for internal approval committees.
• Ensure underwriting decisions remain within delegated authority and governance requirements.
• Escalate risks that exceed authority limits, risk appetite, concentration thresholds, or underwriting guidelines.
• Maintain complete documentation of underwriting rationale, pricing assumptions, terms, approvals, and exceptions.
• Ensure reinsurance contracts accurately reflect agreed commercial and underwriting terms.
• Coordinate with Legal and Contract teams on wording, clauses, contractual provisions, and policy documentation.
• Review treaty and facultative wording to identify potential coverage ambiguities, unintended exposures, or contractual risks.
• Work with Claims teams to understand historical claims performance and potential future loss developments.
• Review large losses, complex claims, loss trends, and claims-management practices when assessing renewal or new-business opportunities.
• Monitor cedant claims performance and identify changes that may affect underwriting decisions.
• Collaborate with Actuarial teams on pricing, reserving, portfolio analysis, capital modeling, and performance monitoring.
• Work with Risk Management and Capital teams to evaluate exposure, capital requirements, aggregation, and portfolio resilience.
• Monitor portfolio performance against underwriting plans, budgets, risk appetite, and profitability objectives.
• Analyze written premium, earned premium, loss ratios, combined ratios, rate adequacy, retention, and portfolio growth.
• Monitor portfolio accumulation by geography, peril, industry, cedant, product, and other relevant dimensions.
• Identify deteriorating risks, adverse trends, concentration issues, and emerging portfolio exposures.
• Conduct regular portfolio reviews and recommend corrective actions where necessary.
• Support portfolio remediation, underwriting restrictions, pricing adjustments, and capacity changes.
• Review renewal portfolios and determine appropriate renewal, modification, reduction, or withdrawal strategies.
• Evaluate new market opportunities and assess their strategic, technical, and financial attractiveness.
• Monitor reinsurance market conditions, pricing trends, capacity availability, competitor behavior, and emerging underwriting practices.
• Benchmark underwriting terms, pricing, commissions, and market conditions.
• Maintain current knowledge of relevant insurance and reinsurance products, market practices, regulatory developments, and emerging risks.
• Assess climate, geopolitical, cyber, technological, economic, and other emerging risks relevant to the portfolio.

Key Performance Indicators

• Gross written reinsurance premium
• Net written premium
• Renewal retention rate
• New business conversion rate
• Underwriting profitability
• Technical margin
• Loss ratio
• Combined ratio
• Rate adequacy
• Rate change
• Risk-adjusted return
• Return on capital
• Portfolio growth
• Portfolio diversification
• Underwriting plan achievement
• Premium forecast accuracy
• Pricing adequacy
• Quote-to-bind ratio
• Submission response time
• Underwriting turnaround time
• Renewal completion rate
• Renewal profitability
• Portfolio loss development
• Claims frequency
• Claims severity
• Large-loss performance
• Catastrophe exposure
• Aggregate exposure
• Accumulation risk
• Geographic concentration
• Cedant concentration
• Counterparty exposure
• Capacity utilization
• Line-size adherence
• Delegated-authority compliance
• Underwriting guideline compliance
• Risk appetite compliance
• Underwriting exception rate
• Portfolio remediation completion
• Contract documentation accuracy
• Reinsurance wording accuracy
• Audit issue resolution
• Regulatory compliance
• Data-quality accuracy
• Exposure-data completeness
• Underwriting system accuracy
• Broker and cedant satisfaction
• Portfolio reporting timeliness
• Market intelligence effectiveness
• New-product or solution development
• Underwriting process efficiency
• Automation adoption
• Junior underwriter development

Ideal Candidate

The successful candidate should have strong experience in reinsurance underwriting, treaty underwriting, facultative underwriting, insurance underwriting, risk assessment, portfolio management, or reinsurance broking, preferably within a global reinsurer, insurance company, Lloyd's market participant, international broker, or specialty insurance environment.

The candidate should demonstrate:

• Extensive knowledge of reinsurance principles, structures, markets, and underwriting practices.
• Proven experience evaluating treaty and/or facultative reinsurance risks.
• Strong understanding of proportional and non-proportional reinsurance structures.
• Experience underwriting property, casualty, specialty, life, health, or other relevant classes of reinsurance.
• Strong understanding of exposure, accumulation, catastrophe, frequency, and severity risk.
• Experience analyzing underwriting submissions, loss histories, exposure data, and portfolio information.
• Strong technical pricing and underwriting judgment.
• Understanding of actuarial pricing, loss-cost analysis, catastrophe modeling, and portfolio analytics.
• Experience evaluating profitability, risk-adjusted returns, capital requirements, and portfolio performance.
• Strong negotiation skills and experience working with brokers, cedants, insurers, and market partners.