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SENIOR REINSURANCE UNDERWRITER
senior · Insurance
Euler Hermes Re is the global leader in Trade Credit & Surety reinsurance and the reinsurance arm of Allianz Trade, acting as Allianz Re’s center of expertise for these lines. With over 50 years of underwriting experience and backed by the financial strength of the Allianz Group, the company provides reinsurance capacity, risk analysis, structuring, and advisory services to insurers and reinsurers worldwide. As part of its strategic development, Euler Hermes Re is expanding its activity to third-party business outside the Allianz Trade ecosystem, creating a new growth platform.
The role
We are seeking a Senior Reinsurance Underwriter to strenghen the development of this new third-party reinsurance portfolio in Trade Credit, Surety, and Specialty Credit lines of business. The role combines business origination, underwriting ownership, and strategic portfolio build-up in Trade Credit and Surety reinsurance. The successful candidate will play a key role in positioning Euler Hermes Re as a trusted partner for external cedants, leveraging its strong capacity, data-driven insights, and underwriting expertise.
Location: Zurich
Reports to: Chief Underwriting Officer
Contract type: Permanent
Main tasks
- Business Development: Identify, evaluate, and secure new third-party reinsurance opportunities with cedants (insurers and reinsurers) outside the Allianz Trade ecosystem
- Underwriting: Assess, price, and structure proportional and excess-of-loss treaty programs for Trade Credit, Surety, and Specialty risks. Ensure disciplined underwriting in line with profitability and risk appetite.
- Strategy: Contribute to defining the strategic roadmap, risk appetite, and underwriting guidelines for the third-party book of business.
- Client Relationship Management: Build and maintain strong relationships with cedants, brokers, and market intermediaries. Position Euler Hermes Re as a reliable reinsurance partner offering strong capacity and expertise.
- Advisory & Value-Added Services: Structure reinsurance solutions tailored to cedants’ needs (capacity, capital, and advisory). Leverage internal tools (e.g., risk scoring, proprietary models) to enhance decision-making
- Portfolio Management: Monitor portfolio performance, conduct regular reviews, and recommend corrective actions where needed
- Market Intelligence: Stay abreast of market trends, competitor activity, and regulatory developments in the Trade Credit & Surety reinsurance space
- Collaboration: Work closely with Actuarial, Risk, Finance, Claims, and Allianz Re teams. Contribute to the development of processes, governance, and underwriting standards for third-party business
Profile
Education:
- University degree in Finance, Economics, Insurance, Actuarial Science, or related field
Experience:
- 10–15+ years in reinsurance underwriting
- Strong expertise in Trade Credit and/or Surety (essential)
- Proven track record in external / third-party business
- Solid experience in treaty underwriting (proportional & non-proportional)
- Demonstrated experience in business development and building a reinsurance portfolio
Technical Expertise:
- Strong underwriting of trade credit and surety exposures and risk assessment capabilities
- Excellent understanding of reinsurance structuring, pricing, and capital considerations
- Ability to combine data-driven analysis with expert judgment
Market & Commercial Skills:
- Established network across brokers and cedants
- Strong origination and negotiation skills
- Ability to build a sustainable and diversified portfolio in a competitive market
Personal Attributes:
- Entrepreneurial mindset with strong ownership in a corporate environment
- Excellent communication and influencing skills
- International profile, comfortable in a matrix organization. English (fluent, business level required).
- High level of integrity and professional judgment
- Open minded to AI, GenAI or any automation improvement
Travel:
- Regular international travel expected (estimated 20-30%)
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106023 | Reinsurance | Professional | Allianz Executive | Allianz Trade | Full-Time | Permanent
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