Director​/AVP, Reinsurance

Tokio Marine Canada (TMCan) is a Canadian early-stage entrepreneurial commercial P&C insurer based in Toronto. We partner with select brokers to deliver tailored business insurance solutions across Canada. As part of the Tokio Marine Group, we are able to collaborate under a shared framework while maintaining autonomy and local decision making.

We support Canadian businesses in taking smart risks by delivering practical insurance solutions and exceptional service through trusted broker partnerships.

A driven, insightful, and collaborative Director/AVP, Reinsurance to support and further TMCan’s growth as it expands and diversifies its business. This role will work closely with the executive and senior leaders of TMCan in facilitating the execution of its reinsurance strategy in alignment with the risk transfer objectives of the company.

Further, this position will be responsible for coordinating and supporting all facets of TMCan’s significant reinsurance requirements inclusive of:
Commercial Lines (property, casualty, commercial auto), Professional and Financial Lines (E&O, D&O, fidelity, cyber), Surety (contract, commercial and developer), Specialty Risk (warranty and fronting programs), and Group Originated Business (fronting for sister TM companies).

The role will require close collaboration with TMCan’s various reinsurance brokers, reinsurers and key internal stakeholders including line of business heads, legal and product, actuarial, finance, accounting, operations, claims and IT. The position is responsible for ensuring excellence in TMCan’s execution of its reinsurance placements ensuring the entire reinsurance process runs smoothly. This includes ensuring adequate data collection and capture necessary to help drive actuarially driven decisions around pricing and adequacy, benchmarking, and reporting to stakeholders.

This role requires a deep understanding of the reinsurance market, strong stakeholder management, and a proven track record in commercial insurance and reinsurance solutions.

• Collaborate with various leaders and stakeholders (both internal and external) in the analysis, marketing, placement, and administration of multiple reinsurance treaties that achieve the company’s risk transfer objectives for individual lines of business and across the portfolio.
• Ensure consistency across all segments and lines of business with the company’s reinsurance approach.
• Facilitate the buying process of the reinsurance risk transfer solutions for all TMCan’s lines of business.
• Optimize available market capacity through treaty and through facultative reinsurance.
• Support and coordinate the annual reinsurance renewal meetings & treaties, bringing the right people in at the right times.
• Support TMCan’s Delegated Underwriting Authority (DUA) program leaders manage the renewal of treaties tied to DUA deals.
• Manage reinsurance security and collateral requirements.
• Respond to inquiries from reinsurers, reinsurance brokers and auditors
• Facilitate preparation of renewal submissions, negotiating terms, and placing reinsurance coverage through brokers and reinsurers including coordinating draft reinsurance narratives and contracts in collaboration with business units and legal counsel.
• Ensuring accuracy and adequacy in all facets of TMCan’s reinsurance buy with a goal to reduce or eliminate potential coverage gaps.
• Identify opportunities for optimization or cost-efficiency in existing reinsurance arrangements.
• Develop and maintain relationships with reinsurance brokers, reinsurers and underwriters.
• Monitor market trends and provide input to help TMCan adjust its business plans to capitalize on emerging opportunities.
• Ensure compliance with regulatory and statutory requirements, as required.
• Support the Claims department with reinsurance recoveries.

• Coordinate with the Legal teams in ensuring reinsurance contract wordings and terms and conditions (interests and liabilities, exclusions, etc.) adequately protect TMCan.
• Review reinsurance documents for completeness in accordance with negotiated terms and conditions.
• Work with the Legal and Product…