Head of Treaty Reinsurance
6 months ago
**General Overview**:
**Key Responsibilities**:
- Responsible for overseeing and managing the entire design and negotiation process of the organization's treaty reinsurance program.
- Collaborate with key stakeholders to develop effective reinsurance strategies aligned with business goals and risk management objectives.
- Ensure the program's overall effectiveness, efficiency, and adherence to industry best practices.
- Lead the production of high-quality treaty renewal submissions to reinsurers, reflecting the organization's strong reputation and significance in the reinsurance market.
- Coordinate with underwriting and actuarial teams to gather relevant data and insights for negotiation purposes.
- Manage the renewal process to secure favourable terms and conditions with reinsurers.
- Demonstrate proficiency and expertise in all lines of insurance, specifically Property & Casualty (P&C).
- Utilize in-depth knowledge of the insurance industry to assess risks, determine appropriate reinsurance solutions, and ensure optimal risk transfer.
- Conduct a thorough review and finalization of treaty contracts to ensure accuracy, compliance, and clarity of terms.
- Special focus on evaluating reinsurance agreements with an emphasis on inward underwriting, managing risk exposure, and ensuring the adequacy of reserves for troubled reinsurers and discontinued operations.
- Provide detailed technical and financial reports to management, offering insights on reinsurer performance, accumulated exposure, risk accumulation exposure, and reserve adequacy.
- Play a key role in optimizing reinsurance utilization in alignment with the organization's business strategy.
- Assist in managing compliance with local regulations and corporate/regional/legal entity reinsurance strategies, guidelines, and risk appetites.
**Requirements**:
- Knowledge of different forms and structures for Treaty Reinsurance.
- Must have 10+ Years of experience in Treaty Underwriting.
- Strong analytical skills.
- Strong technical communication skills - both written and verbal.
- Excellent negotiating skills.
Industry
Insurance
City
Dubai
Province
Dubai
Country
United Arab Emirates
Postal Code
337-1500
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