Job Description
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About The Role
Reporting directly to the CEO for CorSo US, the US Head of Executive Risks will take ownership of a thriving portfolio and lead a talented team of 27 underwriters across 3 regions: East, Central, and West. Building on CorSo's momentum in delivering strong premium increase (+7%) and a 5% yoy improvement in combined ratio in 2024, you'll be the visionary behind our commercial management liability offering, with full accountability for product management, underwriting leadership, and financial performance.
About The Role
Reporting directly to the CEO for CorSo US, the US Head of Executive Risks will take ownership of a thriving portfolio and lead a talented team of 27 underwriters across 3 regions: East, Central, and West. Building on CorSo's momentum in delivering strong premium increase (+7%) and a 5% yoy improvement in combined ratio in 2024, you'll be the visionary behind our commercial management liability offering, with full accountability for product management, underwriting leadership, and financial performance.
Representing ~25% of CorSo's global headcount and ~50% of its revenue, CorSo US is central to our overall growth strategy and a critical driver of our commitment to providing client-centric value through innovation, efficient execution, holistic approach, and technical excellence. This role presents an exciting opportunity to join the CorSo US leadership team at a time of change with a mandate to grow and diversify our products, segmentation, and sector concentrations in Executive Risks and ensure sustainable profitability throughout market cycles.
Key Responsibilities Strategic Business Leadership & Change Management - Manage and steer the Executive Risks portfolio, setting growth and strategic direction for the US Public and Private Management Liability, Fiduciary, and Employment Practices Liability lines of business within risk appetite set by Global Underwriting
- Develop a rhythm and process to rapidly detect and understand positive and negative risk trends, including the impact of external legal and regulatory changes and changes in the competitive landscape
- Instill an agile commercial mentality, promoting an environment that encourages change and experimentation within acceptable risk parameters
- Conduct periodic portfolio reviews to ensure adherence to strategy and performance targets
- Review policy and contract wording to align with market demand and risk appetite
- Define risk appetite through a profitability lens, ensuring appropriate risk quality and selection
P&L Management - Establish and drive accountability for P&L targets to ensure financial performance meets medium and long-term strategic objectives
- Leverage risk assessment and costing tools to decide at speed without compromising accuracy
- Engage with and evaluate underwriting platforms and processes to ensure consistency and governance across the portfolio while also identifying opportunities for simplification
- Promote a mindset of continuous improvement of data quality and operational efficiency
Organizational Leadership & Talent Development - Lead and develop the underwriting team through a time of organizational change, helping to navigate ambiguity while maintaining focus on business imperatives
- Actively develop team talent base through recruitment, training, mentoring and skill development, strengthening resilience through market cycles and adaptability to new opportunities
- Attract, develop, manage, and retain talent for present and future underwriting and marketing needs
- Contribute to organizational priorities and cross-functional initiatives as part of US Corso leadership
Collaboration & Stakeholder Management - Collaborate closely with Global Executive Risk, Customer & Distribution Management, and peers in Professional Liability and E&O to ensure coordination of underwriting, sales, and cross-sell efforts
- Identify opportunities to work with Alternative Risk Transfer, Property & Specialty, and other CorSo and Swiss Re teams to leverage our broad expertise to bring our clients best-in-class solutions
- Develop and maintain trusted relationships with key internal stakeholders, including actuarial, claims, legal, operations, IT
- Represent the Executive Risks US portfolio externally, developing and deepening commercial relationships with key brokers, clients, and reinsurers
About You You're a recognized leader in the Executive Risks market with a pragmatic, results-driven approach. Your strategic mindset is balanced with tactical execution skills and strong business acumen. You thrive in a dynamic environment, collaborate effectively across teams, and have a talent for developing people. Your technical expertise in management liability is complemented by your ability to analyze data, understand trends, and make sound decisions that drive profitability. We are looking for candidates who meet these requirements:
Business Experience And Technical Skills - 10+ years of relevant leadership experience in Management Liability Lines of comparable size or scope, ideally including multi-sector private and public markets
- Demonstrated leadership abilities with experience developing and managing experienced underwriting teams, ideally across multiple regions and/or segments; global corporate experience preferred
- Track record developing and leading strategic initiatives, navigating ambiguity, and motivating others through transformation
- Highly collaborative with a track record of building effective internal partnerships in a complex, matrixed environment
- Deep technical and industry acumen and ability to manage to profitability targets at the portfolio level
- Market credibility, thought leadership, and negotiation skills
- Experience with data analytics and digital tools to improve business processes
- Proficient with loss trends, loss triangles, and ratemaking, able to quantify risk based on experience history and forecasting methods; adept at using underwriting tools and interpreting data
- Solutions and results orientation with unwavering client focus
- Excellent communication, presentation, and negotiating skills
The estimated base salary range for this position is $216,000 to $340,000. The specific salary offered for any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a total compensation approach when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.
Our company has a hybrid work model where the expectation is that you will be in the office or visiting clients three days per week. About Swiss Re Corporate Solutions Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.
Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.
During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.
Keywords Reference Code: 133228
Seniority level
Seniority level
Not Applicable
Employment type
Employment type
Full-time
Job function
Job Tags
Full time, Contract work, Temporary work, Work at office, Worldwide, Flexible hours, 3 days per week,