Reinsurance Purchasing Lead

Chaucer; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance group in London seeks an experienced professional to support long-term planning and strategy development within the Outwards Reinsurance division. The ideal candidate will bring strong reinsurance purchasing experience, alongside excellent technical understanding and established relationships with reinsurers and brokers. Responsibilities include consulting on strategic direction and facilitating continuous improvement within purchasing processes. This position offers the opportunity to contribute to the growth of the organization within a collaborative team environment.

Qualifications

• Reinsurance purchasing experience critical for role.
• Strong technical understanding of reinsurance is required.
• Ability to build relationships with reinsurers and brokers.

Responsibilities

• Support the Head of ORI with long-term planning.
• Facilitate continuous improvement in purchasing practices.
• Consult on strategic direction for reinsurance.

Skills

Reinsurance purchasing experience (preferably including Casualty)

Strong commercial and technical skills

Proactive problem solving

Ability to analyze and understand RI Pricing / Rating

Good understanding of inwards (ideally Casualty) business

Continuous improvement mindset

Good interpersonal skills

Education

ACII qualified (or equivalent)

Job description

Job summary

• To support the Head of ORI with long term planning and developing the ORI strategy
• To 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 supporting strategic direction
• Reviewing ORI programme efficacy and looking at alternate options
• Exploring alternate products / solutions
• Support theLoB 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

Skills, Knowledge and Experience

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
• Continuous improvement mindset
• Awareness of risks and controls

Qualifications

• ACII qualified (or equivalent)

Personal skills

• Self-motivated
• Professional and flexible outlook
• Very good interpersonal skills
• Excellent organisational skills
• Work as part of a team
• Adapt to a pressured environment

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.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.