Senior Property Facultative Underwriter
About the job
- At least 5 years of Property Facultative Reinsurance underwriting experience; primary E&S experience will also be considered.
- Ability to work independently in a collaborative virtual team environment.
- Solid understanding of primary insurance underwriting concepts, including rate adequacy, line-setting procedures, and analysis of Probable Maximum Loss and Maximum Foreseeable Loss.
- Strong knowledge of the regional market and a proven track record of marketing to clients.
- Ability to manage a high submission count.
- Experience working in a paperless environment.
- Extensive knowledge of catastrophe exposure analysis, including RMS and AIR catastrophe modeling platforms.
- Proficiency in Excel.
- Produce facultative certificate and program business through underwriting, with an emphasis on direct placements.
- Generate new business opportunities from prospective direct client companies.
- Market extensively, emphasizing the development of individual underwriter relationships.
- Travel domestically for marketing and audits, up to 30% of the time.
- Support the Chicago Facultative team as needed on new and renewal business submissions.
- CPCU and/or ARe classes or other insurance studies are preferred.
About the company
TransRe is an international reinsurance company that provides reinsurance capacity on both treaty and facultative bases, focusing on property and casualty products. Its products work by offering risk transfer support to insurers, backed by dedicated local teams worldwide and the strength of the Berkshire Hathaway group. TransRe emphasizes listening to clients, understanding strategic objectives, and delivering the full spectrum of services needed to help clients grow, while maintaining a promise to be available when needed and to pay claims. Differences from competitors include its global footprint with local professionals, a strong claims-paying commitment, and the backing and resources of Berkshire Hathaway. The company's goal is to help clients transfer risk efficiently and reliably, enabling them to grow and succeed by delivering capacity, reliability, expertise, and creativity in risk transfer solutions.
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1977
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Simplify's Take
What believers are saying
- March 2, 2026 AM Best affirmed A++ and stable outlook, reinforcing client confidence.
- January 9, 2026 promotions expanded TransRe Capital Partners, property, and cyber execution.
- July 22, 2026 Bousselam became TransRe Europe CUO, accelerating Continental European growth.
What critics are saying
- Climate losses in California, wildfire, and convective-storm lines can crush earnings quickly.
- Brokers can shift treaties to Everest, Munich Re, or Swiss Re after pricing resets.
- Berkshire ownership can starve TransRe of autonomy; a prolonged underwriting miss erodes relevance.
What makes TransRe unique
- Berkshire Hathaway backing and AM Best A++ ratings anchor TransRe’s underwriting credibility.
- January 2026 promotions centralize property, cyber, and go-to-market expertise across global teams.
- TransRe publishes proprietary catastrophe and market research, strengthening broker trust and pricing discipline.
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Benefits
- Paid Vacation
- Hybrid Work Options
- Flexible Work Hours