At a Glance
- Tasks: Lead the reinsurance purchasing strategy and manage placement processes.
- Company: SiriusPoint is a global leader in insurance and reinsurance, listed on NYSE.
- Benefits: Join a diverse team with a focus on inclusion and professional growth.
- Why this job: Be part of a dynamic team shaping risk solutions globally while fostering innovation.
- Qualifications: 7-10 years in reinsurance buying; strong communication and industry knowledge required.
- Other info: Opportunity to work in a collaborative environment with a focus on DEI&B.
The predicted salary is between 72000 - 108000 £ per year.
Head of Ceded Placement
Location: London
Who We Are
SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as ‘One SiriusPoint’, to apply expertise and underwrite risks across our four operational areas – International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance.
We have underwriting hubs in Bermuda, Liege, London, New York, Zurich, and Stockholm, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.
Join Our Team
You will be our Head of Ceded Placement for International and a key member of our Ceded Reinsurance team. You will report to the Global Head of Ceded Reinsurance.
Your responsibilities will include:
- Work in conjunction with Global Head of Ceded Re to develop and implement the reinsurance purchasing strategy.
- Accountable for placement outcomes that should meet SiriusPoint’s agreed objectives and be compliant with governance and regulatory requirements.
- Manage overall placement processes from beginning to completion of placement ensuring orderly and successful placement subject to governance / approvals on reinsurance purchasing.
- Responsible for production of RI submissions.
- Manage requested data calls from Brokers/Reinsurers.
- Regularly engage internally with business colleagues and externally with local relationships.
- Review reinsurance documents for completeness in accordance with negotiated terms & conditions and Contract Certainty requirements.
- Monitor adherence to purchasing protocols.
- Maintain the Lloyd’s relationship and more specifically the oversight of various Lloyd’s returns; Ensure Regulatory Requirements met.
- Additional duties as required.
Your Skills and Abilities Should Include:
- Strong knowledge of Property & Casualty & Specialty lines.
- Broad network of relationships.
- A minimum of 7 – 10 years of Reinsurance buying or related experience.
- Knowledge of reinsurance contract wordings.
- Excellent communication skills.
We Achieve More Together
We value and support the unique voices, backgrounds, lifestyles, and contributions of a diverse global employee base that contributes to our culture every day. Diversity, Equity, Inclusion and Belonging (DEI&B) is imperative to our success.
We are building an environment that imbeds DEI&B into everything we do and enables us to unlock critical drivers of equality, innovation and success. We want everyone to be included, valued, respected and supported to unleash their full potential.
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Head of Ceded Placement - International employer: SiriusPoint
Contact Detail:
SiriusPoint Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Ceded Placement - International
✨Tip Number 1
Make sure to leverage your existing network in the reinsurance industry. Reach out to former colleagues, brokers, and other contacts who can provide insights or even referrals for the Head of Ceded Placement position at SiriusPoint.
✨Tip Number 2
Stay updated on the latest trends and regulatory changes in the Property & Casualty and Specialty lines. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the industry.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to manage placement processes and achieve successful outcomes. Highlight any instances where you navigated complex governance or regulatory requirements.
✨Tip Number 4
Familiarize yourself with SiriusPoint's values and their approach to Diversity, Equity, Inclusion, and Belonging (DEI&B). Be ready to articulate how you can contribute to fostering an inclusive environment within the team.
We think you need these skills to ace Head of Ceded Placement - International
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Ceded Placement position. Tailor your application to highlight relevant experience in reinsurance purchasing and your understanding of governance and regulatory compliance.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 7-10 years of experience in reinsurance buying or related fields. Provide specific examples of how you've successfully managed placement processes and developed strategies in previous roles.
Showcase Communication Skills: Since excellent communication skills are crucial for this role, include examples in your application that demonstrate your ability to engage with brokers, reinsurers, and internal teams effectively.
Emphasize DEI&B Commitment: SiriusPoint values diversity, equity, inclusion, and belonging. In your application, mention any experiences or initiatives you've been involved in that promote these values within a workplace.
How to prepare for a job interview at SiriusPoint
✨Understand the Reinsurance Landscape
Make sure you have a solid grasp of the current trends and challenges in the reinsurance market, especially in Property & Casualty and Specialty lines. This knowledge will help you demonstrate your expertise and show that you're well-prepared for the role.
✨Showcase Your Network
Highlight your existing relationships within the industry. Discuss how these connections can benefit SiriusPoint and contribute to successful placements. A strong network is crucial for this position, so be ready to share specific examples.
✨Prepare for Technical Questions
Expect questions about reinsurance contract wordings and placement processes. Brush up on your technical knowledge and be prepared to discuss how you would handle various scenarios related to reinsurance purchasing and compliance.
✨Emphasize Communication Skills
Since the role involves regular engagement with both internal teams and external brokers/reinsurers, be prepared to discuss your communication style. Provide examples of how you've successfully navigated complex discussions or negotiations in the past.