Financial Lines Underwriter
About the job
- A bachelor's degree from an accredited university is required.
- Two to four years of relevant underwriting expertise in financial lines, casualty, and/or other long-tail lines is required.
- A broker and producer network across Asia or Pacific markets is required.
- The role requires the ability to evaluate complex risks, exercise sound underwriting judgment, and make decisions within delegated underwriting authority.
- Willingness to travel across Asia Pacific to support broker engagement, client interactions, and market development initiatives is required.
- Underwrite financial lines insurance products, including professional indemnity, directors and officers liability, financial institutions, cyber and crime, as well as other long-tail lines such as general liability, product liability, and medical malpractice.
- Drive business production by assessing new and renewal business submissions, with a focus on sustainable portfolio growth and profitability.
- Exercise judgment in risk analysis, policy wording, and pricing when negotiating deals, while selecting risks for Everest.
- Service key partner intermediaries, including wholesale and reinsurance brokers and local and global cedent insurers, while maintaining underwriting integrity and internal compliance standards.
- Monitor portfolio performance, market trends, claims experience, and emerging risks to support underwriting decisions and portfolio optimization.
- Maintain accurate and timely underwriting systems and data, including risk information, pricing adequacy, and rate validation.
- Adhere to underwriting guidelines and governance; support peer reviews, audits, compliance activities, and underwriting quality assurance initiatives.
- Coordinate with internal operations and support stakeholders to ensure timely issuance of quotes, slips, binders, insurance certificates, renewal documentation, invoices, and other administrative requirements.
- Participate in ad hoc projects, product development initiatives, and other assigned duties.
- Relevant insurance or financial services qualifications are a plus.
- Focused experience in construction professional indemnity or financial institutions products is a plus.
About the company
Everest provides reinsurance and insurance services worldwide. It operates through subsidiaries in the U.S., Europe, Singapore, Canada and Bermuda, and is organized into two main segments: Reinsurance and Insurance. The Reinsurance segment writes property and casualty reinsurance as well as specialty lines, on both treaty and facultative bases, for a global client base. The Insurance segment offers property, casualty, and specialty insurance products. Everest uses a hybrid business model that combines these two lines to offer a diversified set of risk-management solutions. Its goal is to help clients manage a wide spectrum of risks by leveraging its global reach, experience, and underwriting expertise.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Warren Township, New Jersey
Founded
1973
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Simplify's Take
What believers are saying
- Q2 2026 net income hit $559 million, while the combined ratio improved to 92.0%.
- Everest repurchased $395 million in Q2 2026 and $725 million year-to-date.
- Lisa Davis's May 2026 appointment strengthens North America wholesale and specialty execution.
What critics are saying
- Gross written premium fell 7.1% in Q2 2026, showing shrinking top-line momentum.
- Legacy produced a $36 million Q2 2026 underwriting loss, proving runoff remains messy.
- Reserve deterioration or casualty pricing mistakes could erase 2026 buybacks and damage Everest's franchise.
What makes Everest unique
- Everest's 2026 strategic reset centers on reinsurance, wholesale specialty, and legacy runoff.
- Jim Williamson and Elias Habayeb strengthened capital discipline after the May 2026 CFO transition.
- The June 2026 Annapurna sidecar expands third-party capital for casualty risk sharing.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Flexible Work Hours
Tuition Reimbursement
Professional Development Budget
401(k) Retirement Plan
Company News
The reinsurance market is experiencing a capital shift, with alternative capital growing faster than traditional sources. Gallagher Re reports total dedicated reinsurance capital rose 5% to $688 billion in the first half of 2026. Traditional reinsurance capital increased 4% to $541 billion, whilst non-life alternative capital grew 9% to $147 billion. Alternative capital, deployed through catastrophe bonds, collateralised reinsurance, and sidecars, reached a record $144.5 billion as of 30 June 2026, according to Aon. Catastrophe bond issuance hit $24.9 billion in the 12 months ended 30 June 2026, with outstanding volume climbing 17% year over year to $63.4 billion. The growth creates opportunities and challenges. Increased capacity can pressure pricing, with P&C reinsurance premiums declining 6% in the first half of 2026.
Everest Group reported second quarter 2026 net income of $559 million, or $14.22 per diluted share, down from $680 million in the same period last year. The global reinsurance and insurance provider achieved an annualised total shareholder return of 16.8% and a combined ratio of 92.0%. The company's core businesses, comprising Reinsurance Treaty and Global Wholesale & Specialty segments, generated $317 million in underwriting income with a 90.0% combined ratio. Gross written premium from core businesses totalled $3.7 billion, down 7.1% year-over-year. Everest repurchased $395 million of common shares during the quarter. Book value per share increased to $398.83 at 30 June 2026 from $379.83 at year-end 2025. President and CEO Jim Williamson highlighted the company's strong underwriting performance and balance sheet optimisation whilst noting share repurchases remain a top priority.
Everest Re has launched a two-part Kilimanjaro III catastrophe bond seeking to raise at least $530 million of collateralised retrocession for North American natural catastrophe risks. The transaction covers named storms and earthquakes affecting the US, Puerto Rico, the US Virgin Islands, Washington DC and Canada. The deal comprises Series 2026-1 and Series 2026-2, each divided into four tranches offering both annual aggregate and per-occurrence protection. Coverage periods span three and four years respectively, with expected loss assumptions ranging from 4.35% to 7.38% and initial spreads between 8% and 12.75%. The issuance will replace $330 million of cover that matured in April and could lift Everest's outstanding catastrophe bond protection above $1.7 billion. The company completed a $1 billion retrocession deal through Kilimanjaro Re II a year ago.
Everest Group will go ex-dividend in four days, paying $2.00 per share on 26 June to shareholders on record by 12 June. The company distributed $8.00 per share over the past 12 months, yielding approximately 2.4% at the current share price of $334.41. The dividend appears sustainable, with Everest Group paying out just 16% of its profit after tax, leaving significant room for maintaining payments during adverse conditions. The company has grown earnings rapidly at 32% annually over the past five years. Over the past decade, Everest Group has increased its dividend by approximately 7.7% per year on average, demonstrating commitment to shareholder returns whilst growing earnings.
Everest Group has appointed Lisa Davis as Head of North America, Wholesale & Specialty. She will oversee underwriting strategy, distribution and portfolio management across the region, reporting to Jason Keen, EVP and CEO of Global Wholesale & Specialty. Davis brings over 35 years of experience in specialty insurance, most recently leading the expansion of Canopius' US business. She previously served as President and Chief Operating Officer for North America at Sompo America and held leadership positions at Zurich North America and St. Paul Companies. Everest is a global underwriting leader providing reinsurance and specialty insurance solutions. Its common stock trades on the New York Stock Exchange and is a component of the S&P 500 index.