The Director of Ceded Reinsurance will oversee the development and execution of outward reinsurance solutions supporting a diverse portfolio of specialty insurance programs. This individual will be responsible for evaluating risk transfer opportunities, developing effective treaty structures, managing placement activities, and cultivating relationships across the global reinsurance marketplace. The role will work closely with underwriting, actuarial, finance, and legal teams to ensure reinsurance arrangements support organizational growth, financial objectives, and overall risk management strategies.
Key Responsibilities
- Establish and implement reinsurance strategies that support portfolio objectives, underwriting performance, and overall risk management priorities.
- Assess existing and prospective insurance programs to identify appropriate risk transfer solutions, improve coverage structures, and maximize capital efficiency.
- Manage the full reinsurance placement lifecycle, including program assessment, structuring, market submissions, negotiations, and contract finalization.
- Identify, evaluate, and develop relationships with reinsurance carriers based on financial strength, available capacity, pricing, and strategic considerations.
- Review proposed treaty structures, contractual provisions, pricing, and coverage terms to ensure they meet business and risk transfer requirements.
- Provide recommendations to underwriting executives and senior reinsurance leadership regarding placement strategies, market opportunities, and portfolio considerations.
- Conduct and oversee complex financial and reinsurance analyses to evaluate program performance, coverage effectiveness, and potential profitability improvements.
- Assess collateral arrangements and counterparty exposures, working with internal risk management stakeholders to ensure appropriate security measures are maintained.
- Lead negotiations with reinsurance brokers and carrier partners to obtain competitive terms, pricing, and capacity across assigned programs.
- Develop and maintain productive relationships throughout the domestic and international reinsurance markets, staying informed of changing market conditions and emerging opportunities.
- Represent the organization in broker discussions, market presentations, and other strategic meetings involving reinsurance partners.
- Work alongside underwriting leadership to ensure reinsurance solutions support new business initiatives, portfolio expansion, and long-term business plans.
- Partner with actuarial, finance, legal, and operational teams on treaty analysis, contract documentation, financial reporting, and ongoing program administration.
- Communicate placement strategies, market developments, and key reinsurance considerations to executive leadership and other internal stakeholders.
- Act as a technical resource for reinsurance-related matters, providing guidance on complex transactions, contractual interpretations, and risk transfer considerations.
- Identify opportunities to improve placement workflows, internal controls, documentation practices, and overall reinsurance operations.
Qualifications
- At least 10 years of progressive experience within the reinsurance industry, with substantial exposure to treaty structures across multiple lines of business.
- Professional background in ceded reinsurance, treaty underwriting, or reinsurance brokerage.
- Demonstrated experience supporting program administrators, delegated underwriting arrangements, or specialty insurance portfolios.
- Bachelor's degree in Finance, Business, Risk Management, or a related discipline.
Additional Qualifications:
- Professional credentials such as ARe, CPCU, CIC, or comparable industry designations.
- Knowledge of applicable regulatory standards and compliance considerations involving reinsurance transactions.
- Experience working with reinsurance administration, modeling, or analytical software.