A rare opportunity to join a relatively new and expanding insurance business. As part of this growth the position of Reinsurance Officer has been created.
Our client seeks an experienced reinsurance professional to oversee their outwards placement of reinsurances across the UK and EU markets, managing contracts, collateral, and their approval process.
You will have a deep understanding of treaty reinsurance, contracts and markets, strong negotiation skills, a proven track record of managing complex reinsurance placements, experience with Solvency II regulatory framework and UK/EU insurance regulations, familiarity with reinsurance credit risk management, and experience with delegated underwriting authority entities, and knowledge of ILS markets and alternative capital solutions. Additional language skills would be a plus.
Key responsibilities will include:
1. Developing the company's reinsurance strategy for UK/EU business to optimize risk transfer and capital management
2. Reviewing and coordinating approval of programme specific treaty reinsurance contracts with reinsurers and brokers across London Market and European centres
3. Developing and implementing policies and procedures
4. Managing reinsurance credit risk including collateral requirements and creditworthiness of reinsurance counterparties under Solvency II framework
5. Keeping up-to-date with current with market trends
6. Provi...