Reinsurance Placement Analyst

Markel; Chicago (IL); On-site; USD 59,000 - 122,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

AD&D insurance

401(k) with employer match

Employee Stock Purchase Plan

PTO

Corporate holidays

Floating holidays

Parental leave

Job summary

Markel is seeking an experienced professional for the Ceded Reinsurance Placement team. The role oversees multiple treaty placements annually across product lines, with ownership of assigned reinsurance placements.

You will lead or assist with placements, coordinate audits, and ensure compliance with contract wording and regulatory standards, while collaborating with underwriting, accounting, and analytics teams to optimize outcomes.

Qualifications

• Bachelor’s degree required.
• 3–5 years in insurance/reinsurance or broking preferred.
• 5+ years in insurance/reinsurance required for senior analyst.
• Reinsurance contract wording experience preferred at analyst/senior levels.

Responsibilities

• Lead or assist with ceded reinsurance placements across product lines, including structuring, placement, and administration.
• Partner with underwriting leadership to align reinsurance strategies with product offerings.
• Build and maintain relationships with reinsurers and brokers.
• Manage placement timelines and ensure timely renewals.
• Coordinate and lead underwriting and/or claims audits.
• Prepare submissions with product overviews, contract wording, and data requirements.
• Collaborate with Data & Analytics to validate data and identify trends.
• Partner with Legal to stay current on contract wording and regulatory changes.
• Support internal education on reinsurance structures and strategy.
• Update systems to support reporting and digitization.

Skills

Strong communication

Analytical thinking

Insurance/reinsurance knowledge

Contract wording understanding

Data & analytics collaboration

Education

Bachelor's degree

Tools

Microsoft Office

Reporting tools

SOX/compliance systems

Job description

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.Join us and play your part in something special!This role is part of the Ceded Reinsurance Placement team and is responsible for multiple treaty placements annually across various product lines, with full ownership of assigned reinsurance placements.

Job Responsibilities

• Lead or assist with ceded reinsurance placements across product lines, including structuring, placement, and administration.
• Partner with underwriting leadership to align reinsurance strategies with product offerings.
• Build and maintain relationships with reinsurers and brokers.
• Manage placement timelines and ensure timely, well-communicated renewals.
• Ensure compliance with approved reinsurer lists and required documentation.
• Coordinate and lead underwriting and/or claims audits.
• Prepare submissions, including product overviews, contract wording, and data requirements.
• Collaborate with Data & Analytics to validate data and identify trends.
• Manage reinsurer inquiries and coordinate internal responses.
• Ensure contracts reflect agreed terms, meet standards, and are executed on time.
• Maintain compliance documentation (Risk Transfer, SOX, regulatory).
• Prepare post-placement materials (treaty summaries, schematics, executive summaries).
• Support internal education on reinsurance structures and strategy.
• Update systems to support reporting and digitization.
• Stay current on contract wording, regulatory changes, and market practices with Legal.
• Partner with accounting/processing teams to ensure accurate treaty implementation.
• Participate in special projects as needed.

Education

• Bachelor’s degree required

Certifications

• ARE, CPCU, ARM preferred

Work Experience

• Analyst: 3–5 years in insurance/reinsurance or broking preferred
• Senior Analyst: 5+ years in insurance/reinsurance required
• 1-2 years of reinsurance contract wording experience preferred at analyst level
• 5+ years of reinsurance contract wording experience preferred at sr. analyst level
• Title based on experience level

Core Competencies

• Strong communication, customer service, and organizational skills
• Analytical knowledge of insurance, reinsurance accounting, and actuarial concepts
• Proficiency in Microsoft Office and reporting tools
• Ability to manage multiple projects and improve processes across teams
• Understanding of reinsurance structures (XOL, RPP, Aggregate, QS) and contract wording
• Catastrophe modeling knowledge preferred
• Highly organized and deadline-driven

Work Environment

• 5–15% travel depending on role and treaty placement needs

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information:

The salary range for this position is $58,500 - $121,900. The posted salary range reflects the lowest and highest base salary applicable to this role across our U.S. locations. Individual offers are determined based on geographic location, experience, qualifications, internal equity, and other job-related factors. As a result, the salary offered for a specific location will fall within a narrower range than the overall range displayed in this posting. This position may also be eligible to participate in the Company’s annual incentive plan.

Who we are:

Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We’re all about people | We win together | We strive for better

We enjoy the everyday | We think further

What’s in it for you:

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

• We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
• All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
• We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?