Reinsurance Purchasing Lead

Chaucer Group; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Benefits offered by this job

Flexible office hybrid work model

Extensive non-contributory benefits

Diverse and inclusive culture

Job summary

A leading insurance group in Greater London is seeking a Reinsurance Purchasing Lead to support strategic planning and drive continuous improvement in purchasing practices. The ideal candidate will have a strong background in reinsurance purchasing, excellent technical skills, and be ACII qualified. This role offers a flexible hybrid work model and an inclusive culture, along with extensive benefits including medical, life, and pension cover.

Qualifications

• Reinsurance purchasing experience (preferably including Casualty).
• Good reinsurer and broker relationships.
• Good technical understanding of reinsurance.

Responsibilities

• Support the Head of ORI with long-term planning and developing the ORI strategy.
• Provide guidance to the LoB ORI teams.
• Ensure continuous improvement in purchasing practices.

Skills

Strong commercial and technical skills

Proactive problem solving

Ability to analyze and understand RI pricing/rating

Good understanding of inwards business

Excellent interpersonal skills

Education

ACII qualified (or equivalent)

Job description

Reinsurance Purchasing Lead

Join to apply for the Reinsurance Purchasing Lead role at Chaucer Group.

About us

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, we are closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com.

Job summary

• Support the Head of ORI with long-term planning and developing the ORI strategy.
• Provide support and guidance to the LoB ORI teams.
• Facilitate continuous improvement across the ORI team for purchasing practices and processes.
• Responsibility for the placement of certain outwards reinsurance programmes, as agreed with the Head of ORI.

Main duties

• Consult to Head of Outwards Reinsurance on long-term plan and support strategic direction.
• Review ORI programme efficacy and look at alternate options.
• Explore alternate products / solutions.
• Support the LoB teams on structuring and coverage of programmes (broadening their knowledge and supporting development).
• Develop and share best practice across the LoB ORI teams.
• Review / enhance purchasing processes and practices.
• Assist the Head of Outwards Reinsurance / LoB Heads with the RFP process.

Experience

• Reinsurance purchasing experience (preferably including Casualty).
• Good reinsurer and broker relationships.
• Good technical understanding of reinsurance.
• Good understanding of best practice.

Skills & Knowledge

• Strong commercial and technical skills.
• Proactive problem solving, effective collaboration and escalation.
• Ability to analyse and understand RI pricing / rating.
• Good understanding of inwards (ideally Casualty) business / coverages.
• Awareness of risks and controls.

Qualifications

• ACII qualified (or equivalent).

Personal skills

• Professional and flexible outlook.
• Very good interpersonal skills.
• Excellent organisational skills.
• Adapt to a pressured environment.

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk from nuclear, shipping, manufacturing and property. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024.

We offer:

• A flexible office hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life and pension cover, flexible holidays and wellbeing support.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

Industries

Insurance Agencies and Brokerages, Insurance Carriers, and Insurance