Reinsurance Placement Officer - Ceded Reinsurance (#8091707) 

Vauxhall, London, United Kingdom

Flexible Work Eligible: Remote Work, Flexible Work Schedule DISCOVER your opportunity The Ceded Reinsurance Placement Team are responsible for the design, purchase and management of the global reinsurance programs of AXA XL. We work closely with our underwriting teams, legal entities, Regional and Global Leadership Teams, and Risk Management colleagues to understand AXA XL’s risk appetite limits and how we will meet them. We implement and deliver our risk transfer program and demonstrate how it delivers value to AXA. The Ceded Reinsurance placement team work across all business lines with the London team primarily focused on Specialty Lines and business transacted in London. The portfolio is all Treaty business with an equal split between Quota Share and Excess of Loss. DISCOVER your opportunity As a Reinsurance Placement Officer you will be responsible for leading and managing key reinsurance placements.As part of the Ceded Reinsurance Placement team, your essential responsibilities will include:Assisting with the design of, and placement process for, key reinsurance placements (submission preparation, contract review, contract negotiation, handover to Ceded Re operations etc.).Participating in negotiations to secure competitive terms, structure and pricing. Ensuring contracts reflect negotiated terms, comprehensive coverage and market leading terms and conditions. Ensuring negotiations conclude successfully on or before treaty inception.Strategizing and partnering with Actuarial, Finance, Accounting, Underwriting and Business Group Heads to build reinsurance programs that meet risk appetite, underwriting and capacity objectives.Building relationships inside and outside the enterprise to understand and foster their business objectives.Helping ensure that all related parties understand the programs, from operational through to underwriting.Serving as a strategic member of the Ceded Reinsurance Placement Team. Collaborating closely with the wider Ceded Re Team to drive innovation and continuous improvement, both for our Placements and for processes and approach.Participating in strategic projects as they arise. To take on lead and back up roles as deemed appropriate within the Global matrix structure of the team.Remaining current on coverage and legal trends to ensure contracts protect the company from adverse or unexpected lossSHARE your talent SHARE your talentWe’re looking for someone who has these abilities and skills:Proven Reinsurance experience is essential for this role and previous experience of Ceded Reinsurance is highly beneficial Understanding of Reinsurance contract wordings including formation and interpretation Able to demonstrate strong data and analytical skills and the ability to manage large submission data sets Understanding of the role of capital modelling and actuarial analysis in the purchase of reinsurance is beneficial Strong Communication: Excellent verbal and written communication, collaboration and presentation skills. ability to negotiate reinsurance business externally. Able to work across a global team; showing strong collaboration with peers and other team members Mental Agility: Innovative thinker, willing to turn ideas on their head. Capable of handling complex situations. Knowledge of Specialty, Property and Casualty Insurance and Reinsurance.Technical orientation.Ability to work to tight placement process deadlines to ensure placement is completed in a timely fashion Some travel required including domestic and international.FIND your futureAXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.How? By combining a strong and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.At AXA XL we are happy to talk flexible working. We are committed to building a diverse and inclusive workforce and consider flexible ways of working for every role. Talk to us about how we can make flexibility work for you.Learn more at .Corporate ResponsibilityAt AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience - and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”.Climate: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.Water: We’re developing water resilience where it is — and will be — needed most.Financial resilience: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.Hearts in Action:We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs. For more information please see theon our website.Diversity & InclusionAt AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.Five Business Resource Groups focused on gender, LGBTQ+, race/ethnicity, disability and inclusion with 20 Chapters around the globeRobust support for Flexible Working ArrangementsEnhanced family friendly leave benefitsNamed to the Diversity Best Practices IndexSignatory to the UK Women in Finance CharterLearn more at . AXA XL is an Equal Opportunity Employer. AXA XL is an Equal Opportunity Employer. Location:GB-GB-London Work Locations: GB London 20 Gracechurch Street 20 Gracechurch Street London London EC3V 0BG Job Field:Underwriting Schedule:Full-time Job Type:StandardAXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.

Company Details

Company Name
XL Group

Job Details

Job Location
City/Town
Vauxhall
State
London
Country
United Kingdom