Underwriter | Remote - Minneapolis, MN, US, 55416

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance.

AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities. AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated “AA-“by Standard & Poor’s. As of December 31, 2022, AZRA had total admitted assets of USD $2.3 billion and policyholders’ surplus of $232 million.

What you do:

Operating under general direction, this role performs technical analysis related to a range of activities including run-off, reinsurance, capital management and driving our mission of understanding risk and creating value. You will support Senior Underwriters in developments of opinions based on analyses performed.  You will report to the VP, Head of US Transactions.

·         Analysis & Opinion Development:

·         Complete analysis of loss portfolio transfers and reinsurance treaty submissions and support development of technical opinion

·         Evaluate market trends and technical aspects for P&C business with a specific focus on prospective reinsurance

·         Perform commutation evaluation for both ceded and assumed reinsurance

·         Conduct transaction pricing and structuring including cross functional input e.g. claims, actuarial

·         Support maintenance of internal actuarial and underwriting tools

·         Due Diligence:

·         Provide due diligence and underwriting support for other entities within Allianz SE

·         Conduct due diligence and file reviews at counter-party locations

·         Partner Coordination: …