Senior Reinsurance Placement Executive

Responsibilities

• Manage the placement of reinsurance for complex new and renewal Obsidian programs independently.
• Handle complex reinsurance placements and complex contract negotiations independently.
• Attend reinsurance placement meetings as needed, in person or virtually.
• Represent Obsidian at industry conferences to convey Obsidian business model and appetite for program placements.
• Develop and foster relationships with reinsurers to expand capacity for Obsidian programs.
• Handle all negotiation of reinsurance business terms to achieve optimal economics for Obsidian and the MGA.
• Provide summary of quoted terms and track all subjectivities (i.e. LR caps, ECO/XPL, unique features, restrictions, etc.).
• Review and analyze reinsurance marketing list presented to ensure they meet Obsidian’s financial requirements and program objectives given covered lines of business, volatility, etc.. Also identify additional markets as applicable.
• Work closely with the legal team to review and finalize reinsurance contracts.
• Manage reinsurance activities through treaty period (i.e. reinsurer requests for audits, special acceptances, etc.) coordinating with other internal functions as appropriate.
• Develop power point marketing presentations for reinsurance discussions as needed.

• Minimum of 20 years of property and casualty reinsurance industry, either working with a reinsurance intermediary, reinsurer or insurer handling reinsurance placement
• Strong knowledge of reinsurance contracts and experience structuring complex reinsurance agreements
• Ability to work independently for placements and make decisions to manage placement process
• Experience with Program, MGA, and /or MGU business preferred
• Professional designation (CPCU, ARe), a plus
• Ability to work collaboratively across other company functions (actuarial, underwriting, claims)
• Strong verbal and written communication skills
• Strong negotiation skills
• Sales and marketing skills
• Existing relationships with reinsurance brokers
• Existing relationships with reinsurers and ability to develop new reinsurer relationships
• Travel up to 20%