Reinsurance Purchaser

Job summary

To assist the Outwards Reinsurance department, secure coverage, manage programmes and relationships for allocated parts of the Line of Business portfolio.

Main duties

• Placement of outwards Reinsurance (both XoL and Proportional)

• Analysis and review of prospective Reinsurance, evaluating portfolio risks and exposures

• Review and agreement of placing slips

• Maintaining good reinsurer and broker relationships

• Production of reinsurance renewal information / exhibits

• Review of underlying data for risk assessment and portfolio optimization

• Regular (quarterly) account analysis

• Provide information in order to respond to Reinsurer queries

• Monitoring account developments

• 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

• Various ad-hoc tasks

Regulatory responsibilities

• Manage the relationships with Customers, Agents and Service Providers:

• Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;

• Foster positive relationships with Customers and attain an understanding of their needs;

• Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,

• Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers

Our requirementsRelevant experience

• Reinsurance purchasing experience

• Good Reinsurer and broker relationships

• Programme ownership experience

• Good understanding of Reinsurance, Reinsurance purchasing process and risk appetite

• Good understanding of Insurance (desirable)

Technical skills

• 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

• Problem solving

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.