Insurance and Risk Transfer Manager

The Manager – Group Insurance & Risk Transfer is the internal owner and subject matter expert for the Group’s insurance portfolio. The role is responsible for the strategic and end-to-end management of insurance and risk transfer across all subsidiaries, business units and operations.

The role ensures that insurable risks are identified, assessed, appropriately structured, transferred and monitored through adequate and cost-effective arrangements. This includes portfolio optimization, insurance placement and renewals, major and complex claims, broker and insurer management, policy governance, risk surveys, contractual insurance, financial management and executive reporting.

• Own and govern the Group’s overall insurance portfolio, acting as the internal subject matter expert and primary point of accountability.
• Develop and maintain the Group insurance and risk transfer strategy, governance framework, policies, procedures, standards and internal controls.
• Establish minimum insurance requirements across subsidiaries, business units, projects and operations.
• Maintain accurate policy, renewal, claims and insured asset registers, including values and key exposures.
• Identify and address coverage gaps, overlaps, exclusions, uninsured and underinsured exposures.
• Provide independent advice and recommendations to senior management and relevant governance committees on material insurance matters.

• Continuously review and optimize coverage structures, policy limits, sub-limits, deductibles, exclusions, risk retention and risk transfer arrangements.
• Assess claims history, loss experience, risk quality, market capacity and pricing to balance protection, retained risk and total insurance cost.
• Develop alternative placement, layering, deductible and retention structures where these improve coverage or value.
• Determine whether risks should be insured, retained, mitigated, contractually transferred or otherwise financed in line with Group requirements and risk appetite.
• Oversee the Group’s insurance portfolio, including Property Damage, Machinery Breakdown, Business Interruption, Marine, Liability, Construction, D&O, Cyber, Crime, Motor, Medical, Life, Personal Accident and other specialized insurance programs.
• Ensure asset values, business interruption values, payroll, revenues and other underwriting information are complete, accurate and appropriately validated.

• Lead the placement and annual renewal of Group corporate and employee insurance programs.
• Develop placement strategies, renewal timetables, underwriting submissions and market engagement plans.
• Direct brokers and insurers based on independently assessed Group coverage and risk transfer requirements.
• Evaluate insurance proposals based on coverage, limits, deductibles, exclusions, insurer strength, claims capability, service levels and total cost.
• Lead negotiations with brokers, insurers and reinsurers, where applicable.
• Prepare management recommendations, approval papers and executive summaries for material placements and renewals.
• Ensure all policies are placed and renewed before expiry without unintended coverage gaps.

• Lead the end-to-end management of major and complex claims, particularly Property Damage, Machinery Breakdown, Business Interruption and significant industrial losses.
• Establish claims strategy following major incidents, including notification, evidence preservation, loss measurement, adjuster engagement and stakeholder coordination.
• Coordinate with Operations, HSE, Finance, Legal, insurers, brokers, loss adjusters, forensic accountants, engineers and other specialists.
• Challenge coverage positions, reservations of rights, valuation issues and settlement proposals where required to protect the Group’s interests.
• Monitor claim reserves, documentation, interim payments, recoveries, disputes and settlements, escalating material matters to management.
• Analyze claims trends and root causes and ensure lessons learned inform future coverage structures, risk improvements and renewal strategies.
• Work with business functions to identify current and emerging insurable risks arising from assets, operations, projects, contracts, workforce and business activities.
• Lead insurer, broker and engineering risk surveys across plants, sites and major projects.
• Assess insurer risk-improvement…