At a Glance
- Tasks: Lead the ceded reinsurance strategy and design innovative programmes across all business lines.
- Company: Join a leading global insurance firm with a focus on strategic growth and innovation.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Opportunity to mentor a high-performing team and engage with industry leaders.
- Why this job: Make a significant impact in the reinsurance market while developing your leadership skills.
- Qualifications: Proven experience in reinsurance leadership and a strong understanding of market processes.
The predicted salary is between 40500 - 49500 £ per year.
- 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, driving 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 and opportunities, and on 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, building strategic partnerships with top-tier reinsurance markets globally.
- Manage broker expectations and timelines for assigned placements, coordinating materials and meeting with and presenting to reinsurance markets.
- Represent the company at industry events, reinsurance market meetings, and, where appropriate, on reinsurance industry panels.
- Partner with underwriting, actuarial, finance, risk management, and capital management teams to ensure alignment and deliver group objectives.
- Communicate proactively with business units, demonstrating a thorough understanding of primary coverages and underwriting strategies.
- Oversee the placement and renewal of treaty and facultative reinsurance agreements, ensuring optimal protection while managing cost efficiency.
- Independently negotiate pricing, coverage, exclusions, terms, and conditions with reinsurance markets to obtain the best terms for the company.
- Lead, mentor, and develop the ceded reinsurance team, coaching members on the technical expertise and other skills required to perform effectively, and developing and implementing associated training programmes.
Requirements
- Proven experience leading a reinsurance function, with demonstrated success in strategic leadership.
- Extensive experience of Global Property and Casualty Insurance and Reinsurance business.
- Proven knowledge and understanding of London Market processes and systems.
- Extensive experience in reinsurance, including in a senior leadership role.
- Proven track record in reinsurance programme design, placement, and negotiation, and in building and maintaining broker and reinsurer relationships.
- Strong understanding of capital modelling and its application to reinsurance strategy.
- University degree (Business, Finance, Actuarial Science, or related field).
- ACII (Associate of the Chartered Insurance Institute) qualification.
- Core Competencies
Demonstrates expertise in developing and executing reinsurance strategies that align with corporate objectives, while effectively managing broker relationships and leading a high-performing team.
Proficient in reinsurance programme design, negotiation, and capital modelling to optimize enterprise growth and profitability.
- Highest-signal resume keywords
- Reinsurance Strategy Development
- Reinsurance Programme Design
- Broker Relationship Management
- Capital Modelling Expertise
- Leadership and Team Development
- ATS Optimization Keywords
- Hard Skills
- Reinsurance Placement
- Treaty and Facultative Reinsurance
- Negotiation of Terms and Conditions
- Understanding of London Market Processes
- Strategic Leadership in Reinsurance
- Soft Skills
- Communication with Business Units
- Thought Leadership
- Mentoring and Coaching
Certifications & Qualifications
- ACII Qualification
- Industry Keywords
- Global Property and Casualty Insurance
- Reinsurance Market Conditions
- Capital Optimisation
- Underwriting Strategies
- Reinsurance Industry Panels
Head of Ceded Reinsurance in London employer: Travelers Companies, Inc.
At Travelers, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to thrive. With a strong commitment to employee well-being, we offer comprehensive benefits including private medical insurance, generous holiday entitlement, and a wellness programme designed to support your personal and professional growth. Join us in our London office, where you can make a meaningful impact while enjoying the flexibility of a hybrid work arrangement.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Ceded Reinsurance in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Travelers Companies, Inc.). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Travelers Companies, Inc.. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Head of Ceded Reinsurance in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Travelers Companies, Inc..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Travelers Companies, Inc.. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Travelers Companies, Inc.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Travelers Companies, Inc. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Travelers Companies, Inc., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Travelers Companies, Inc.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
