Insurance Reinsurance Purchaser

6 hours ago


London, Greater London, United Kingdom Nashrock Insurance Recruitment Full time
About the Role

Nashrock Insurance Recruitment is a leading provider of insurance and reinsurance solutions. We are currently seeking an experienced Insurance Reinsurance Purchaser to join our team in London, UK.

The successful candidate will be responsible for assisting the Outwards Reinsurance department in securing coverage, managing programmes and relationships for allocated parts of the Line of Business portfolio.

This is a challenging and rewarding role that requires strong analytical and technical skills, as well as excellent communication and interpersonal abilities.

We offer a competitive salary and benefits package, including a base salary of £60,000 - £80,000 per annum, depending on experience.

Main Responsibilities
  1. Placement of outwards Reinsurance (both XoL and Proportional)
  2. Analysis and review of prospective Reinsurance, evaluating portfolio risks and exposures
  3. Review and agreement of placing slips
  4. Production of reinsurance renewal information / exhibits
  5. Review of underlying data for risk assessment and portfolio optimization
  6. Regular (quarterly) account analysis
  7. Provide information in order to respond to Reinsurer queries
  8. Provide cover across the Outwards Reinsurance Purchasers as required, with collaboration and flexibility to work on different programmes / across the broader team based on resourcing requirements
  9. Various ad-hoc tasks
  10. Regulatory responsibilities
  11. Manage the relationships with Customers, Agents and Service Providers:
    1. Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction;
    2. Foster positive relationships with Customers and attain an understanding of their needs;
    3. Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate;
    4. Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers;
Requirements
  • Reinsurance purchasing experience
  • Good Reinsurer and broker relationships
  • Good understanding of Reinsurance, Reinsurance purchasing process and risk appetite
  • Good understanding of Insurance (desirable)
  • Technical reinsurance skills
  • Ability to analyse and understand RI Pricing/Rating
  • Excellent knowledge of Excel
  • Good knowledge of Word
  • Highly numerate with good data manipulation skills
  • Good awareness of risks and controls
  • Experience of Adobe X Pro (desirable)
  • Experience of XL pro (desirable)
Education & Experience
  • Degree qualified
  • ACII qualified or actively studying
Personal Skills
  • Analytical
  • Hands on approach
  • Energetic and enthusiastic
  • Good communication skills (verbal and written)
  • Excellent organisational skills
  • Self motivated
  • Personable and approachable
  • Good team working abilities
  • Commercial skills and relationship building

We are looking for a highly skilled and experienced individual who is passionate about delivering exceptional results in a fast-paced environment. If you have a strong background in reinsurance purchasing and excellent communication skills, we encourage you to apply for this exciting opportunity.


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