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Key duties (including, but not limited to):

  • Understand and model complex reinsurance structures including sliding scale commissions, loss corridors, time-indexed fees, and collateral posting and release
  • Gain familiarity with, and subsequently comment on, the efficacy of contract wording
  • Evaluate key clauses in proposed reinsurance contracts with respect to the corresponding economic modeling of the transaction
  • Perform and assist with underwriting audits
  • Prepare ultimate loss projections on insurance and reinsurance portfolios
  • Track market pricing, loss trends, rate trends and industry movements
  • Review cessions statements received from brokers and cedants

Qualifications required:

  • ACAS/FCAS credential, or otherwise strong competency in financial modeling

Experience required:

  • 7+ years relevant P&C experience, ideally with exposure to reinsurance, treaty wording, and deal structuring
  • Job Type: Experienced Job
  • Experience Level: Part Qualified (1-10 exams)
  • Job Reference: 26888
  • Location: Bermuda
  • Contract Type: Permanent
  • Employment Type: Full Time
  • Start Date: Immediate
  • Date Posted: 21 Aug 2023
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