Marsh Captive Solutions is the exclusive captive solutions division of Marsh. We offer industry-leading experience in captive program design and management, with captive professionals and offices throughout all the world’s major captive domiciles. Marsh Management Services Cayman is seeking candidates for the following position based in the Cayman office.
The Insurance Executive is responsible for handling technical insurance and reinsurance matters of a portfolio of Marsh Cayman clients, consisting primarily of but not limited to captive insurance and re/insurance entities. The role acts as a contact and resource on all insurance related issues and matters to ensure the delivery of high-quality service to clients, whilst providing technical insurance support to Marsh Cayman team colleagues. Provide insurance monitoring and control and ensures regulatory compliance. It is a consulting, advisory, and managerial position.
We will count on you to:
- Reports to the SVP and CSL Insurance Leader
- Manages the (re)insurance renewal process in a timely manner
- Issues and inputs (re)insurance contracts, policy wordings, and endorsements
- Leads and provides strategic input into program structure, design, and analysis
- Oversees claims processing and resolution, including claims reviews
- Ensures regulatory compliance
- Acts as Client Executive for nominated clients
- Establishes and maintains strong working relationships with clients, prospects, brokers, other service providers, client teams, and colleagues
- Partners with accounting colleagues; monitors developments in the insurance, reinsurance, and captive marketplace; can speak with clients and prospects about matters that affect them
- Interacts with regulators to support changes to clients’ business; serves as a technical resource for Marsh Cayman colleagues; discusses regulatory updates with clients; negotiates fees and management agreements; manages colleagues as required; performs other job-related duties as required
What you need to have:
- Internationally recognized insurance and/or risk management qualification, such as A.C.I.I. or CPCU
- Minimum of 7 years of (re)insurance experience, ideally including captive management
- Minimum of 7 years of recent experience building customer relationships in an insurance management and/or client services role
- Working knowledge of investment and insurance accounting
- Strong knowledge of captive and (re)insurance policy and agreement structures
- Proficiency with Microsoft Office Suite; ability to manage own workload, work effectively as part of a team, work well under pressure, adapt to changing priorities, multitask, attend and present at meetings overseas, provide insurance training to colleagues, lead client and prospect meetings, and research complex matters independently
What makes you stand out:
- Minimum of 3 years of recent supervisory or management experience preferred
- Experience in an insurance regulatory environment preferred
Why join our team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Skills Required
- Internationally recognized insurance or risk management qualification, such as A.C.I.I. or CPCU
- Minimum 7 years of reinsurance experience, ideally including captive management
- Minimum 7 years of recent experience building customer relationships in insurance management or client services
- Working knowledge of investment and insurance accounting
- Strong knowledge of captive and reinsurance policy and agreement structures
- Proficiency with Microsoft Office Suite
- Ability to manage workload, multitask, work under pressure, adapt to changing priorities, and work effectively within a team
- Ability to attend and present at overseas meetings, lead client and prospect meetings, provide insurance training, and independently research complex matters
- Minimum 3 years of recent supervisory or management experience
- Experience in an insurance regulatory environment
Marsh McLennan Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Marsh McLennan and has not been reviewed or approved by Marsh McLennan.
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Leave & Time Off Breadth — Leave offerings are described as generous, including sizable PTO, paid holidays, paid sick days, and additional time off such as paid volunteer time and “Summer days.” These time-off benefits are portrayed as a standout part of the overall rewards package.
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Healthcare Strength — Healthcare coverage is characterized as comprehensive, spanning medical, dental, and vision options, with additional supports like disability and life insurance and access to mental health resources and an EAP. The breadth of plan options is positioned as a core strength of the benefits package.
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Retirement Support — Retirement benefits are framed as solid, with 401(k) programs and employer matching frequently highlighted alongside other financial programs. Stock purchase options are also referenced as an additional wealth-building component of the total rewards mix.
Marsh McLennan Insights
What We Do
Marsh McLennan (NYSE: MMC) brings together nearly 78,000 experts in risk, strategy, and people across Marsh, Guy Carpenter, Mercer, and Oliver Wyman, serving clients in over 130 countries. Marsh enables enterprise worldwide by helping clients manage risks, transforming uncertainty into opportunity. Guy Carpenter helps clients grow profitably with reinsurance broking expertise, advisory services, and advanced analytics. Mercer helps organizations advance the health, wealth, and careers of their most vital asset — their people. Oliver Wyman’s expertise in strategy, operations, risk, and organization transformation changes what is possible for our clients, their industries, and society. Together, we combine a unique range of capabilities to help our clients solve problems, seize opportunities, and build lasting success in increasingly complex operating environments.
