Reinsurance Purchaser

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ABOUT US

Chaucer is a leading insurance group at Lloyd\’s, the world\’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Job Summary

To assist the Outwards Reinsurance department, secure coverage, manage programmes and relationships for allocated parts of the Line of Business portfolio.

• Placement of outwards Reinsurance (both XoL and Proportional)
• Analysis and review of prospective Reinsurance, evaluating portfolio risks and exposures
• Review and agreement of placing slips
• Production of reinsurance renewal information / exhibits
• Review of underlying data for risk assessment and portfolio optimization
• Regular (quarterly) account analysis
• Provide information in order to respond to Reinsurer queries
• Provide cover across the Outwards Reinsurance Purchasers as required, with collaboration and flexibility to work on different programmes / across the broader team based on resourcing requirements
• Various ad-hoc tasks

Our Requirements

• Good understanding of Reinsurance, Reinsurance purchasing process and risk appetite
• Good Reinsurer and broker relationships

Education & Experience

• ACII qualified or actively studying

Personal Skills

• Good communication skills (verbal and written)
• Excellent organisational skills
• Self-motivated
• Personable and approachable

Why Chaucer

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focused on the areas where we can provide the most expertise and value to our brokers and clients.

We have no appetite to change this, whilst the market is steadily moving back to 4/1 working days, we are continuing to operate on a much more flexible hybrid basis with Heads of teams working closely with employees to strike a balance of what works best in their area. Our approach has been immensely popular and a successful way of working for the business and all employees at Chaucer.

Chaucer is committed to diversity , actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

Benefits – Extensive, non-contributory benefits, including pension, medical insurance, life insurance, flexi benefits, options for buying and selling holidays, not to mention a diverse and inclusive culture, we pride ourselves on managing employees welfare. We have a wide range of other benefits on offer.

Seniority Level: Mid-Senior level

Employment Type: Full-time

Job Function: Finance

Industries: Insurance Agencies and Brokerages, Insurance Carriers, and Insurance

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