
Insurance Risk Manager
2 days ago
WTW is a leading global advisory, broking and solutions company helping clients around the world manage risk and optimize benefits.
We are currently seeking a highly skilled Facultative Reinsurance Broker to join our team in Stockholm or Copenhagen.
About the RoleThe successful candidate will leverage their expertise to analyze complex risk scenarios and negotiate advantageous reinsurance terms, ensuring optimal coverage for our clients and cedants.
This role entails:
- Evaluation and analysis of risk transfer solutions to determine appropriate facultative reinsurance coverage
- Responsible for facultative reinsurance portfolio, including business development of Cedant Relationships and Revenue on 1st & 3rd Party Business
- Cultivate and maintain relationships with cedants, facultative reinsurance markets and other key external stakeholders within the Nordic insurance market
- Mobilize, train and create awareness within the organization to add Facultative Reinsurance solutions as an additional strategy for a total market approach
- Negotiate terms and conditions for facultative reinsurance placements to ensure optimal coverage and pricing
- Prepare and present comprehensive submissions to reinsurers, based on the needs and requirements of the cedants or original insured
- Responsible for coordinating the administration of facultative reinsurance deals, using available tools. Including supporting cedants with reinsurance requirements like Premium Payment Warranties
- Coordinate governance and support claims team in processes on handling facultative reinsurance claims
- Stay abreast of industry trends, market conditions, regulatory changes affecting facultative reinsurance
About You
You likely hold a bachelor's degree in business, finance, or a related field, or have equivalent education within the insurance industry. You bring proven experience in facultative reinsurance and possess a solid understanding of insurance and reinsurance principles, terms, risk assessment, and pricing.
With an analytical mindset, you are skilled in evaluating complex risk scenarios and excel at building and sustaining relationships. Your strong negotiation and interpersonal abilities enable you to establish and maintain connections effectively. Additionally, you communicate fluently in English, both in writing and verbally.
About Us
At WTW, we help organizations and individuals turn risk into opportunity through our unique blend of advisory, broking and solutions services.
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