Reinsurance Specialist

AmTrust International; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company based in London is seeking a Reinsurance Specialist to coordinate reinsurance placements and ensure effective structures. The ideal candidate will have extensive experience in the London Insurance Market and knowledge of ceded/outwards reinsurance placements. This role offers an opportunity to work with a global team and contribute to bespoke insurance solutions.

Qualifications

• Must have direct experience facilitating reinsurance placements for multi-entity carriers.
• Deep insight into market trends is necessary.
• Experience in various classes of business is required.

Responsibilities

• Coordinate the placement process in collaboration with broking partners.
• Compile placement data and finalize contract documentation.
• Engage proactively with underwriting teams to ensure effective reinsurance structures.
• Facilitate meetings of the Reinsurance Deal Review Committee.
• Assist in the administration of reinsurance placements.

Skills

Extensive experience in the London Insurance Market

Experience with ceded/outwards reinsurance placements

Knowledge of Quota Share treaties

Understanding of property and casualty lines

Job description

We are currently looking for a Reinsurance Specialist to join our team based out of our London office. This role will form part of a small team and be responsible for co-ordinating reinsurance placements in line with agreed strategy, timescales and budgets as well as contributing market and coverage expertise around key placements and lines of business to ensure the best possible outcome for the ceding entities. In particular this role be responsible for:

• Efficiently co-ordinate the placement process in line with agreed strategy, in collaboration with broking partners to design and implement optimal reinsurance structures.
• Facilitate the timely and accurate compilation of placement data/information pre-placement, and the timely finalisation of contract documentation post-placement including signature by approved signatories.
• Ensure proactive and regular engagement with Underwriting teams to understand business goals and to ensure that reinsurance structures remain effective.
• Facilitate meetings of the Reinsurance Deal Review Committee (RDRC) in partnership with the Head of Reinsurance and the RDRC Chair and coordination of meeting.
• Collaborate with the US Ceded Re team and assist in the administration of reinsurance placements including updating trackers and schedules, ensuring audit documentation, and arranging contract documentation finalisation.

To be successful in this role, you will have extensive experience in the London Insurance Market, particularly in relation to ceded/outwards reinsurance placements for XoL and Quota Share treaties. With direct experience of facilitating reinsurance placements for multi-entity carriers for a number of years across multiple classes of business including property and casualty lines, you will also have a deep insight into the market, and trends.

We're AmTrust International, an insurance business headquartered in London, employing more than 1900 people in 13 countries. As part of a global group, we work creatively to develop bespoke insurance solutions for leading financial institutions, retailers and manufacturers both Internationally and Globally.