Senior Ceded Re Analyst

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

We are currently looking for a Senior Ceded Re Analyst to work with us on a full-time basis in our London office, reporting into the Group Head of Ceded Re.

You will provide commercial and analytical guidance on purchase strategy and execution as a core part of the Ceded Reinsurance function within Munich Re Specialty Global Markets.

Responsibilities:

• Assist in developing reinsurance purchase strategies across Lloyd’s and Non-Lloyd’s platforms in light of evolving Group risk appetites.
• Contribute to a small core buying team of Senior Ceded Re Analyst, Group Head of Ceded Re and CUO Underwriting Strategy.
• Make recommendations as part of the buying team on Lloyd’s and Non-Lloyd’s protection strategies and operational functionality.
• Develop a more robust analytical framework in assessing the risk-transfer efficiency of Ceded reinsurance strategies to inform purchasing, requiring close liaison with Capital and Reserving actuarial divisions as well as Underwriting Strategy.
• Steer the production of renewal information with the Group Head of Ceded Re.
• Work closely with the Group Head of Ceded Re and Reinsurance Manager in the coordination and administration of Outwards Reinsurance recoveries.
• Maintain close liaison with Group Head of Exposure Management to ascertain and manage net risk appetite levels.
• Assist in collation and production of MRSGM information to support Reinsurance purchasing.
• Interact with GC/NA5 CUOs regarding possible Reinsurance requirements and proposed solutions.
• Be an active member of the Reinsurance Steering Group (RISG).
• Recommend (in conjunction with Group CUO, CUO Underwriting Strategy and Group Head of Ceded Re) Reinsurance purchasing options to RISG.
• Investigate non-traditional and/or innovative Reinsurance options.
• Manage and coordinate key Reinsurance partner relations (Reinsurers, Reinsurance Brokers, Munich Re Group).
• Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders.

Knowledge and Skills

• A strong background in reinsurance and strong analytical skills.
• Thorough understanding of Specialty (re)insurance business as well as a comprehensive understanding of the London market and Lloyd’s environment.
• Working knowledge of Non-Lloyd’s platform Ceded Re operations as we expand beyond Lloyd’s.
• Comprehensive understanding of the Lloyd’s Principles for Doing Business.
• Understanding of business strategy and the work of the other departments within the organisation.
• Sound knowledge and understanding of reinsurance processes and credit control mechanisms as well as a comprehensive understanding of Lloyd’s reinsurance reporting mechanisms and minimum standards.
• Good understanding of regulatory requirements (FCA and PRA), obligations of a certified function holder and Lloyd’s compliance requirements.
• Good motivational and personnel management skills.
• Effective liaison with key stakeholders.