Head of Facultative Reinsurance
3 weeks ago
Head of Facultative Great Britain position, overseeing multiple Facultative teams including Property, Casualty/Financial Lines and Construction. The GB Facultative business is focused on serving UK cedants and servicing international business coming into London.
- Provide strategic advice to Facultative clients in GB and internationally.
- Connect with the Global Direct & Facultative Network, providing solutions to cedants and to colleagues who are servicing their cedants.
- Grow GB Facultative’s book of business.
- Help develop creative risk solutions for Facultative across multi product lines (Property, Casualty/Financial Lines and Construction).
- Ownership and management of the GB Facultative annual budget.
- This role reports directly to the Head of Direct & Facultative Global Line of Business.
The Role:
- Set growth strategy; spearhead new business opportunities as required.
- Contribute to the resolution of complex placement and claims matters.
- Attract top-tier broking talent including senior producing hires.
- Develop existing talent within the team.
- Maintain meaningful, senior-level market relationships.
- Oversee the creation of new products designed to meet existing needs of cedants/evolving exposures.
- Involvement in industry panels, webinars, social media, etc.
- Set strategic direction for marketing campaigns, quarterly market updates etc.
- Set the goals and objectives of the GB Facultative business.
- Certified Person responsibilities under the SMCR regime.
- Develop relationships with peers across the Risk & Broking segment.
- Work collaboratively with all functions including Finance, Operations, Legal, Compliance and HR.
- Ensure adherence to WTW policies, procedures and all regulatory requirements.
The Requirements:
- Extensive (Re)insurance experience.
- Extensive knowledge of Facultative reinsurance and Facultative reinsurance market.
- Proven track record of delivering high levels of client service and new business development.
- Strong communication, negotiation and influencing skills.
- Knowledge of both broking and claims processes and procedures.
- Understanding of and ability to execute complex placements.
- Solution focused with a personal drive to achieve significant change in relatively short periods of time, and able to motivate teams to focus and deliver on priorities.
- Strong stakeholder management skills.
- Clear and compelling communication and presentation skills, written and verbal.
- Business and political awareness.
- Strong interpersonal skills with ability to build effective relationships, at all levels, with clients, prospects, associates, reinsurers and external specialists.
- Holds all regulatory licences, permissions and technical or other requirements applicable under UK legislation and FCA rules and guidelines.
- Experience managing teams, both direct and matrix management.
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