Reinsurance Jobs in Elmwood Park, IL
Reinsurance is a financial tool that insurance companies use to manage risk. Essentially, it involves insurance companies transferring portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. In other words, it is insurance for insurance companies. Reinsurance enables insurance companies to remain solvent by recovering part or all amounts paid to claimants. Further, reinsurance also provides insurance companies the capacity to underwrite policies that cover a larger volume of risks without excessively raising the costs of covering their solvency margins.
Individuals seeking roles in Reinsurance should have strong analytical, decision-making, and negotiation skills. Moreover, having a deep understanding of risk analysis, financial markets, and regulatory requirements are also essential. A certification as a Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) might be required. Some typical roles a person may have before becoming a Reinsurance Professional include Underwriter, Claims Adjuster, or Risk Analyst. These roles provide the necessary experience and understanding of risk assessment and financial implications critical for a career in reinsurance.
AVP, Reinsurance Underwriting - R5977_45031376178_0-4346
- Chicago, IL (7 miles from Elmwood Park, IL)
- 2 days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 2 days ago
at EVEREST REINSURANCE CO in Chicago, Illinois, United States Job Description Title: AVP, Reinsurance Underwriting Company: Everest Reinsurance Company Job Category: Underwriting Job Description: About...
- Chicago, IL (7 miles from Elmwood Park, IL)
- 3 days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 3 days ago
Pursues recovery of the balances of reinsurance claims/accounts by influencing reinsurer, explaining coverage and liabilities and gaining support for position. 6....
Regulatory/Reinsurance Counsel - lLEORP-CNP-4658
- Chicago, IL (7 miles from Elmwood Park, IL)
- 4 days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 4 days ago
**About the Role:**As a key legal advisor, you will provide strategic counsel on complexinsurance matters, including:- **Reinsurance agreements** - treaty and facultative contracts, XOL and QS reinsurance...
VP, Head of Retrocession Reinsurance Technical Accounting & Administration, Americas
- Chicago, IL (7 miles from Elmwood Park, IL)
- 8 days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 8 days ago
They effectively lead the P&C retrocession reinsurance accounting & administration teams, ensuring that day-to-day operations run smoothly....
Insurance Regulatory/Reinsurance Counsel - In House - LORIRI-CNP-4658
- Chicago, IL (7 miles from Elmwood Park, IL)
- 26 days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 26 days ago
About the Role: As a key legal advisor, you will provide strategic counsel on complex insurance matters, including: Reinsurance agreements - treaty and facultative contracts, XOL and QS reinsurance...
VP, Casualty Reinsurance Underwriter
- Chicago, IL (7 miles from Elmwood Park, IL)
- 27 days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 27 days ago
CPCU, ARe designations preferred; Demonstrated knowledge of General Liability, Automobile Liability, Umbrella/Excess Liability coverage and risk analysis Knowledge of common facultative and treaty reinsurance...
Insurance + Reinsurance Litigation Associate
- Chicago, IL (7 miles from Elmwood Park, IL)
- 30+ days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 30+ days ago
We are looking for candidates with an understanding of insurance coverage issues under professional liability, general liability, and directors and officers insurance policies, as well as extensive...
Vice President, Ceded Reinsurance Operations - R6107_45031376178_0-4346
- Chicago, IL (7 miles from Elmwood Park, IL)
- 45+ days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 45+ days ago
contracts within the reinsurance platform....
Digital Product Manager - Reinsurance
- Chicago, IL (7 miles from Elmwood Park, IL)
- 45+ days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 45+ days ago
The Reinsurance Digital Product Manager manages product vision, product discovery, roadmaps, and backlog to maximize enterprise value....
Reinsurance Actuarial Senior Analyst
- Chicago, IL (7 miles from Elmwood Park, IL)
- 60+ days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 60+ days ago
Job Title: Reinsurance Actuarial Senior Analyst Location: Chicago, IL Work Style: Hybrid As an Actuarial Analyst you will have responsibility for managing and completing projects across several P&C...
Senior Director - US Reinsurance Broking (Commercial Property)
- Chicago, IL (7 miles from Elmwood Park, IL)
- 90+ days ago
- Chicago, IL (7 miles from Elmwood Park, IL)
- 90+ days ago
Bachelor’s degree CPCU or ARE designation or progression towards is preferred but not required Excellent knowledge and understanding of commercial property insurance (previous experience in reinsurance...
Demographic Data for Elmwood Park, IL
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Salary for Reinsurance Jobs in Elmwood Park, IL
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Elmwood Park, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Motion Practice
- Drafting
- Client Management
- Claims Handling
- Waterfall
- Research and Writing
- Commercial Litigation
- Data Migration
- Drafting Pleadings
- Technical Accounting
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Claims Management
- Annuities
- Claims Processing
- Underwriting
- Claims
- Litigation
- Insurance Claims
- Generally Accepted Accounting Principles
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Mediation
- General Ledger
- Legal Research & Writing
- Financial Reporting
- Financial Analysis
- Reimbursement
- Risk Management
- Finance
- Business Development
- Accounting
- Decision Making
- Negotiation
- Written Communication
- Policy Administration
- Auditing
- Presentation
- Flexibility
- Documentation
- Collaboration
- Data Analysis
- Reporting
- Employee Development
- Microsoft PowerPoint
- Problem Solving
- Project Management
- Microsoft Office
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Research Skills
- Scheduling
- Leadership
- Communication Skills
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