Head L&H Retro Structuring

Swiss Re; Greater London; Hybrid; GBP 168,000 - 252,000; Full time

Benefits offered by this job

Hybrid work model

Global benefits

Job summary

Swiss Re in London is seeking a Head L&H Retro to lead Life & Health retrocession activities and shape how traditional and alternative capital solutions support the L&H business. This is a high-impact, senior leadership role across underwriting, finance, legal and external markets.

You'll build a proactive team, partner with the L&H Business Unit to understand portfolio needs, develop innovative risk-transfer structures, and drive transactions from ideation to execution within a

Qualifications

• Deep expertise in Life & Health reinsurance with a strong grasp of risk transfer mechanisms, portfolio dynamics and capital implications.
• Proven experience in retrocession or structured transactions, including the ability to lead complex deals from structuring through to negotiation and execution.
• Strong capital management knowledge, including familiarity with how retrocession and alternative capital solutions interact with solvency and accounting frameworks.
• Track record of senior stakeholder engagement, with the ability to build trusted partnerships across underwriting, finance, legal and external counterparties.
• Leadership experience, with a demonstrated ability to develop and inspire high-performing teams in a complex, matrixed environment.
• Promote a high standard of governance, documentation and project management

Responsibilities

• Lead the L&H Retro team, setting its strategic direction and ensuring high-quality structuring and execution of transactions across lines of business
• Build a strong, proactive partnership with the L&H Business Unit, developing a deep understanding of its portfolio, strategic priorities and capital needs
• Identify opportunities where retrocession or other risk-transfer solutions can support the business — going beyond predefined transaction requests to surface new value
• Develop and evaluate innovative solutions across the full spectrum, from traditional retrocession structures to alternative capital and third-party investor transactions, where applicable in close collaboration with our ILS structuring team
• Drive transactions from ideation to execution, bringing together expertise across underwriting, structuring, finance, legal, risk and capital management
• Engage with external markets and counterparties, including traditional reinsurers and alternative capital providers, to understand market appetite and develop new opportunities
• Strengthen connectivity between L&H and the broader alternative capital partner team, identifying where third-party capital can complement Swiss Re's balance sheet
• Lead and develop a high-performing team, fostering a culture of collaboration, commercial thinking, curiosity and strong ownership

Skills

Life & Health reinsurance

Retrocession experience

Capital management

Stakeholder engagement

Leadership

Governance

Job description

Are you a strategic thinker who thrives at the intersection of Life & Health reinsurance, capital management and alternative capital? Do you want to shape how risk transfer solutions create real value for a global L&H business? If so, this could be the role for you.

About The Role

As Head L&H Retro, you will lead Swiss Re's Life & Health retrocession activities and play a pivotal role in expanding how traditional and alternative capital solutions support the L&H business. This is a high-impact, highly collaborative role where you won't just respond to defined retrocession needs — you'll proactively identify opportunities, challenge established approaches and drive innovative solutions from idea to execution. As part of Swiss Re's Alternative Capital Partners Team, you'll sit at the heart of a network spanning underwriting, finance, capital management, legal and external markets, making this a uniquely broad and exciting leadership position.

Key Responsibilities

• Lead the L&H Retro team, setting its strategic direction and ensuring high-quality structuring and execution of transactions across lines of business
• Build a strong, proactive partnership with the L&H Business Unit, developing a deep understanding of its portfolio, strategic priorities and capital needs
• Identify opportunities where retrocession or other risk-transfer solutions can support the business — going beyond predefined transaction requests to surface new value
• Develop and evaluate innovative solutions across the full spectrum, from traditional retrocession structures to alternative capital and third-party investor transactions, where applicable in close collaboration with our ILS structuring team
• Drive transactions from ideation to execution, bringing together expertise across underwriting, structuring, finance, legal, risk and capital management
• Engage with external markets and counterparties, including traditional reinsurers and alternative capital providers, to understand market appetite and develop new opportunities
• Strengthen connectivity between L&H and the broader alternative capital partner team, identifying where third-party capital can complement Swiss Re's balance sheet
• Lead and develop a high-performing team, fostering a culture of collaboration, commercial thinking, curiosity and strong ownership

About The Team

The L&H Retro team is part of the Swiss Re's Alternative Capital Partner team and responsible for the Life & Health retrocession structuring activities across lines of business. The team manages the process — from ideation through to structuring and executing transactions in close collaboration with the business and other alternative capital partner teams. Working at the intersection of reinsurance, capital management and alternative capital, the team plays a critical role in enabling the L&H Business Unit to manage risk, improve capital efficiency and support profitable growth.

About You

You combine a strong understanding of Life & Health reinsurance and risk transfer with a commercial, solution-oriented mindset. You are naturally curious about the underlying business problem and comfortable challenging established approaches when a better solution exists. You thrive working across organisational boundaries, build trusted relationships with senior stakeholders with ease, and can translate complex risk, capital and structuring considerations into clear business choices.

We Are Looking For Candidates Who Meet These Requirements

• Deep expertise in Life & Health reinsurance, with a strong grasp of risk transfer mechanisms, portfolio dynamics and capital implications
• Proven experience in retrocession or structured transactions, including the ability to lead complex deals from structuring through to negotiation and execution
• Strong capital management knowledge, including familiarity with how retrocession and alternative capital solutions interact with solvency and accounting frameworks
• Track record of senior stakeholder engagement, with the ability to build trusted partnerships across underwriting, finance, legal and external counterparties
• Leadership experience, with a demonstrated ability to develop and inspire high-performing teams in a complex, matrixed environment
• Promote a high standard of governance, documentation and project management

These Are Additional Nice To Haves

• Experience with alternative capital structures and third-party investor transactions in a reinsurance or insurance context
• Familiarity with ILS (Insurance-Linked Securities) markets and the broader alternative capital ecosystem
• Entrepreneurial mindset with a track record of proactively identifying and developing new business opportunities
• Experience working in a global, cross-functional environment, navigating diverse stakeholder groups across geographies
• Knowledge of regulatory and accounting frameworks, in particular IFRS-17

For London, the base salary range for this position is between 168'000 GBPto 252'000 GBPfor a full-time role. The specific salary offered considers:

• the requirements, scope,complexityand responsibilities of the role
• the applicant's own profile including education/qualifications,expertise,specialisation,skillsand experience

In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

Reference Code:

139369