Head of Ceded Reinsurance

Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

What Is the Opportunity?

We are currently recruiting for a Head of Ceded Reinsurance to join our team based in London on a full time permanent basis. The Head of Ceded Reinsurance leads Travelers Europe’s ceded reinsurance strategy and relationships, overseeing the analysis, placement, management, and optimisation of reinsurance programmes. Working closely with European Leadership and underwriting management, the role shapes and refines risk appetite and reinsurance strategy, ensures appropriate programme structure recommendations are made, and that placement is executed effectively. Drawing on deep reinsurance expertise, strong relationship‑building skills, and executive presence, the role drives day‑to‑day treaty placement activity, provides thought leadership on long‑term placement strategy and other critical reinsurance matters, and builds robust internal and external networks. This role has direct line‑management responsibility. It is a Key Function holder within the Senior Manager and Certification Regime (SM&CR) and is subject to the Financial Services and Markets Act 2000 (FSMA). Fitness and Probity will be assessed and certified where required. Post‑holders are required to abide by the Conduct Rules at all times. Travelers champions a diverse and inclusive working environment. Employees may work on a hybrid basis (three days in the office, two days from home).

What Will You Do?

• Develop and execute the overall ceded reinsurance strategy aligned with corporate risk appetite and business objectives.
• Lead the design and structuring of treaty and facultative reinsurance programmes across all lines of business, ensuring best‑in‑market structures that differentiate the company and meet strategic goals.
• Provide thought leadership and strategic guidance to senior leadership on reinsurance market conditions, opportunities, and how reinsurance can influence business strategy.
• Ensure reinsurance solutions support enterprise growth, profitability, and capital optimisation.
• Establish and maintain key broker and reinsurer relationships to secure optimal market access and competitive terms.
• Manage broker expectations and timelines for assigned placements, coordinating materials and presenting to reinsurance markets.
• Represent the company at industry events and reinsurance market meetings.
• Partner with underwriting, actuarial, finance, risk management, and capital management teams to align objectives and deliver group outcomes.
• Oversee the placement and renewal of treaty and facultative reinsurance agreements, negotiating pricing, coverage, exclusions, terms, and conditions.
• Coordinate the preparation of reinsurance submissions, gathering information from brokers and evaluating changes to data requirements.
• Draft and propose contract wording for new and renewal treaties, researching alternative clauses and performing secondary contract reviews.
• Use capital model metrics to assess the effectiveness of the reinsurance strategy against regulatory and internal targets.
• Monitor and report on capital relief achieved, programme performance and market trends, and prepare reports for executive leadership and board committees.
• Evaluate broker and reinsurer presentations for applicability, proposing renewal structure changes.
• Provide technical expertise on intercompany reinsurance solutions and the impact of corporate M&A activity.
• Analyse catastrophe exposure and develop risk‑transfer solutions; monitor recoveries and timely collection.
• Design and implement team controls, develop corporate reinsurance policies, and ensure compliance with internal and external regulatory requirements.
• Lead, mentor, and develop the ceded reinsurance team, coaching members and developing training programmes.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Proven experience leading a reinsurance function with strategic leadership success.
• Extensive experience in Global Property and Casualty Insurance and Reinsurance business.
• Proven knowledge and understanding of London Market processes and systems.
• Proven track record in reinsurance programme design, placement, negotiation, and relationship management.
• Strong understanding of capital modelling and its application to reinsurance strategy.

Must Have

• University degree in Business, Finance, Actuarial Science or related field.
• ACII (Associate of the Chartered Insurance Institute) qualification.

What Is in It for You?

• Private Medical Insurance – single cover at commencement of employment, with option to add cover for dependents.
• Retirement – core contribution to your Pension Plan; increased company contribution if you also contribute.
• Holiday Entitlement – minimum 25 days per year, with option to purchase up to a total of 35 days.
• Wellness Programme – tools, discounts and resources for personal wellbeing and caregiving, including free professional counselling.
• Volunteer Encouragement – matching gift and volunteer rewards programme to support charitable giving.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings and recognize that we benefit from our differences. If you have questions regarding the physical requirements of this role, please email us so we may assist you.