Motor XoL Reinsurance Lead in Cardiff

Excellent opportunity to join Admiral as Head of Motor XoL Reinsurance! We are looking for an ambitious, hands-on, qualified finance professional to be a key part of the Group Reinsurance team. This is a great opportunity to extend your knowledge within the Group's insurance businesses, be involved in key financial analysis, develop technical expertise and build relationships with senior management across Admiral Group, external advisors and reinsurers.

Based in Admiral's Group Finance Team in Cardiff and reporting to the Group Head of Reinsurance, the individual will lead the design of Admiral's annual UK motor non-proportional reinsurance programme, present formal recommendations to relevant governance Committees and Boards and subsequently take a leading role in the negotiation and placement process. The role will require strong technical knowledge and collaboration with key internal stakeholders and external advisors to ensure that the recommended reinsurance programmes provide appropriate protection for the Group's balance sheet whilst supporting its growth aspirations and remaining cost effective.

Key Responsibilities Include:

• Develop, articulate and seek approval from relevant governance committees and Boards for the Group's risk appetite in relation to motor and casualty risk retention.
• Collaborate with internal pricing, finance, actuarial and claims teams to assess exposure levels and developing trends.
• Conduct market analysis to identify reinsurance capacity trends, pricing expectations, emerging market dynamics, and changes in individual reinsurer appetite.
• Work with Finance, Reserving, Capital and Risk teams to assess the financial impact of different reinsurance structures on capital adequacy, earnings volatility, and solvency metrics.
• With the assistance of the external brokers, lead the end‐to‐end design of the recommended annual motor non-proportional reinsurance programmes, taking into account the features of existing proportional arrangements.
• Lead the annual reinsurance renewal processes, ensuring that exposure data, renewal submission information and actuarial pricing work is accurate, timely, and comprehensive to facilitate an orderly and timely placement.
• Ensure that all reinsurance arrangements meet relevant regulatory requirements and internal governance standards (including compliance with the Group Reinsurance policy).
• Build strong relationships with the Group's current and prospective panel of reinsurers.
• Build strong relationships with Admiral's reinsurance broker(s), leverage their knowledge and skills to optimise the placement.
• Provide guidance and challenge to other areas of the business as the Group's subject-matter expert for motor and casualty risk and reinsurance, in particular in relation to internal capital model development, wider capital topics and ORSA stress and scenario testing.
• Monitor reinsurance recoveries, reinsurer credit risk, and the performance of key counterparties.
• Support other individuals across the Group on similar aspects across the UK and Europe, ensuring best practice and greater consistency in both thought process and execution.
• Provide support and mentoring to other members of the Group Reinsurance team and wider Group Finance team.

Qualifications:

• Qualified professional (FIA, ACII or equivalent) with a strong academic background.
• Excellent Commercial outlook with experience of producing detailed financial analysis and Board-style reporting to senior stakeholders.
• Excellent numerical and analytical skills with an understanding of exposure management, actuarial pricing concepts, and capital implications.
• Experience in the Insurance sector.
• Excellent interpersonal skills and the ability to build strong collaborative working relationships including communicating insights effectively to key stakeholders.

This role requires regular travel to our Cardiff Office, London and also international travel to our global entities and events.

Desirable Skills And Experience:

• Understanding of casualty, motor and catastrophe reinsurance structures is preferred.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We're committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service. Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave. We're proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We're fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics. Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

Disability Confident Leader As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we'll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process. If you need any adjustments or support with your application or during the recruitment process, just let us know. Please do email helen.hunt@admiralgroup.co.uk, contact us on 07796 062776. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.