At a Glance
- Tasks: Design and negotiate unique reinsurance structures for diverse partnerships.
- Company: Dynamic specialty insurer with a focus on innovative reinsurance solutions.
- Benefits: Competitive salary, bonus opportunities, and a chance to shape the future of reinsurance.
- Other info: Opportunity to work closely with underwriting and senior leadership.
- Why this job: Make impactful decisions and build relationships in a fast-paced, evolving environment.
- Qualifications: Experience in London reinsurance placement and strong reinsurer relationships.
The predicted salary is between 63000 - 77000 £ per year.
- Reinsurance Placement Manager
- London | Competitive + bonus
Ask ten reinsurance buyers what their book looks like, and nine will describe the same thing they described last year - one portfolio, one panel, one renewal cycle they could recite in their sleep.
That's the job for most senior buyers: steward the panel, defend last year's structure, keep finance quiet at renewal.
You know exactly where the quota share is bleeding ceded commission; it shouldn't.
Exactly which layers are priced for a book that doesn't look like that anymore. Knowing isn't the same as deciding, and in most seats, you never get to decide.
Here, you would - repeatedly, on a different book each time.
This is a growing speciality insurer that provides capacity to a panel of MGAs across commercial and speciality lines and structures reinsurance around each individual partnership rather than running one static treaty.
Every new MGA that joins the panel needs its own reinsurance design - its own capacity, its own structure - built before a single policy is written.
You'd be the one doing that design work, placing and negotiating quota share, XL and the full proportional/non-proportional toolkit across a book that's genuinely different in shape every time a new partner comes on.
You'll build and run your own relationships with an international reinsurer and broker panel, prepare and present your own submissions, and sit close enough to underwriting and senior leadership that your view on structure and capacity actually shapes which MGA partnerships get taken on in the first place - not just how they get reinsured once they're already in.
Renewal season is still renewal season, and onboarding a new MGA fast enough to hit their launch date isn't always glamorous either.
But the other eleven months, you're building something different, not maintaining the same thing.
You're probably right for this if you've built your career in the London reinsurance placement space for a carrier or even brokerage, with the required black book of reinsurer relationships required for a placement role.
Time specifically around MGAs, delegated authority or fronting arrangements is a strong plus here.
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Reinsurance Placement Manager employer: IDEX Consulting Ltd
As a Product Governance Manager at our Lloyd’s Syndicate in London, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. We offer a flexible four-day work week, fostering a healthy work-life balance while providing opportunities to engage with senior leadership and make impactful contributions to our governance framework. Join us to be part of a collaborative culture that values innovation and excellence in delivering customer outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Placement Manager
✨Join Insurance Networks
Dive into local insurance networks or associations. Events like the British Insurance Brokers' Association conferences are goldmines for meeting industry professionals and could lead to placements like the one at IDEX Consulting Ltd. Don't shy away from introducing yourself and chatting about your interest in the field!
✨Leverage University Career Services
Your university's career services are a fantastic resource for securing a placement. They often have connections with companies, including those in the insurance sector like IDEX Consulting Ltd. Make sure you’re utilising their workshops and career fairs to make yourself visible to potential employers.
✨Get Hands-On with Work Experience
Seek out any additional work experience opportunities, even if they’re short-term. Roles like customer service in an insurance office can give you a foot in the door and useful insights. Plus, it shows future employers, like IDEX Consulting Ltd, that you’re proactive and eager to learn!
✨Follow Industry Trends
Stay updated on the latest trends and news in the insurance industry. Engaging with content on platforms like LinkedIn will help you join relevant discussions and showcase your knowledge. This could help you stand out when applying for placements at places like IDEX Consulting Ltd!
We think you need these skills to ace Reinsurance Placement Manager
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, strong analytical skills are crucial. Make sure to showcase any relevant coursework or projects that demonstrate your ability to evaluate risk and data. This could be stats, financial modelling, or even case studies that you've tackled during your studies.
Show You're Customer-Focused:Insurance is all about helping customers manage risks and navigate their options. In your cover letter, include specific examples of how you've provided excellent customer service or solved problems for clients in any capacity, be it during part-time jobs or volunteer work.
Tailor Your CV for the Sector:When crafting your CV, make sure you're using language and terminology that's familiar in the insurance field. Highlight any relevant insurance legislation or software skills you have, and mention any internships or courses that specifically relate to insurance. This is your chance to show you know what's what in the industry.
Express Your Eagerness to Learn:As this is a placement, companies will be looking for your motivation to learn and grow within the industry. In your application, don’t hold back! Let us know what you’re keen to learn and how you believe this opportunity at IDEX Consulting Ltd can kickstart your career in insurance.
How to prepare for a job interview at IDEX Consulting Ltd
✨Brush Up on Industry Knowledge
Since we're diving into the insurance sector, it’s crucial to brush up on industry trends and key players. Familiarise yourself with terms like underwriting, risk assessment, and claims management to show your solid understanding in the placement interview with IDEX Consulting Ltd.
✨Bring Your Analytical Skills to the Fore
Be prepared to discuss how you approach problem-solving and risk analysis. You might face case study questions that assess your ability to interpret data and make decisions based on it, which is key in the insurance field.
✨Show Your Eagerness to Learn
As this is a placement, your enthusiasm to learn and grow is paramount. Think about how you can convey your motivation to absorb knowledge quickly and how you can contribute to the team at IDEX Consulting Ltd while you’re learning.
✨Glam Up Your CV and Work Experience
Tailor your CV to highlight any relevant coursework, projects, or part-time roles that relate to insurance. If you’ve used any specific tools—like actuarial software or data analysis programmes—make sure to mention those. That'll catch their eye!
