Managing Director, Surety Broking developing reinsurance solutions for clients in various markets. Collaborating and managing relationships to enhance client engagement and satisfaction.
Responsibilities
Develops and presents innovative approaches to complex client needs
Produces, negotiates, places and manages the daily servicing of reinsurance treaties utilizing markets from the US, London, Bermuda and around the world
Manages overall interaction with client in medium to large client transactions
Negotiate and place reinsurance treaties in the market utilizing markets from the US, London Bermuda and around the world to deliver highly complex, best-in-class solutions to clients
Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s)
Produce new clients, designs programmes for them and establishes relationships through meetings and exhibiting professional skills in order to generate revenue
Design new programs for clients’ needs, placing business with client-approved reinsurers
May participate in the revenue/budget process with the management team and may review and clarify contract documents and bond forms, as well as banking terms and conditions.
Requirements
15+ years’ experience required in placing Surety Reinsurance programs as a broker
In-depth knowledge of the global reinsurance market including coverage, placement structures, markets and rating structures of insurance and reinsurance companies
Working knowledge and experience with Lloyd’s and other Company Markets including London, US and Europe would be essential
Strong knowledge of Insurance/Reinsurance Law, Compliance and regulatory requirements throughout the world
Strong working knowledge and relationships within the Bermuda marketplace
Analysis of financial reports and statements and the ability to analyze actuarial models and output
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