At a Glance
- Tasks: Support reinsurance design, placement, and contracting while managing reinsurer relationships.
- Company: Dynamic insurance firm focused on innovative reinsurance solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Fast-paced environment with excellent career advancement potential.
- Why this job: Join a team that shapes the future of reinsurance and builds strong market connections.
- Qualifications: Experience in reinsurance placement and strong market relationship skills.
The predicted salary is between 50000 - 65000 £ per year.
Reporting to the Head of Reinsurance, the Reinsurance Placement Officer will support the design, placement and contracting of reinsurance arrangements.
Will be responsible for reinsurer relationship management and monitoring reinsurer performance.
- Statement of responsibilities
- Work closely with the Head of Reinsurance to enact reinsurance arrangements in accordance with the Reinsurance Risk Policy.
- Responsible for the contracting with reinsurers and ensuring contract certainty for all placements.
- Work with the Head of Reinsurance, CUO and legal counsel to ensure legal rights and protections are in place to align reinsurance to MGA and product level.
- Where necessary coordinate and oversee reinsurance brokers and MGAs regarding the placement of reinsurance, approving market presentations, wordings and structures.
- Work with the Head of Reinsurance and COO to ensure alignment of commercial terms with the underlying MGA contracts.
- Key Duties
- Work with Head of Reinsurance to co-ordinate with the Underwriting & Product Group due diligence and structured reinsurance solutions per MGA
- Support the purchasing of reinsurance, contracting and placement.
- KPI monitoring of reinsurers, reinsurance brokers and performance data – linked to the MGA KPIs developed by the CUO
- Monthly and annual reporting and review of our reinsurance position
- Required for the role
- Proven track record in reinsurance placement and knowledge of the market
- Good market relationships with reinsurance brokers and reinsurers
- #J-18808-Ljbffr
Reinsurance Placement Officer in London employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
