The role
As a Facultative Reinsurance Broker, you will leverage your expertise to analyze risk and negotiate advantageous reinsurance terms, ensuring optimal coverage for WTW clients and cedants. You will get to collaborate with industry professionals, utilizing innovative strategies to enhance our portfolio and drive success in the dynamic reinsurance market.
The role entails among other:
- Evaluation and analyzing WTW risk transfer solutions to determine appropriate facultative reinsurance coverage solutions
- Responsible for facultative reinsurance portfolio, including business development of Cedant Relationships and Revenue on 1st & 3rd Party Business
- Cultivate and maintain relationships with cedants, facultative reinsurance markets and other key external stakeholders within the whole Nordic insurance market
- Mobilize, train and create awareness within the WTW organization to add Facultative Reinsurance solutions as additional strategy for a total market approach
- Negotiate terms and conditions for facultative reinsurance placements to ensure optimal coverage and pricing
- Prepare and present comprehensive submissions to reinsurers, based on the needs and requirements of the cedants or original insured
- Responsible for coordinating the administration of facultative reinsurance deals, using the available tools. Including supporting cedants with reinsurance requirements like Premium Payment Warranties
- Coordinate governance and support claims team in processes on handling facultative reinsurance claims
- Stay abreast of industry trends, market conditions, regulatory changes affecting facultative reinsurance.
About you
You likely hold a bachelor’s degree in business, finance, or a related field, or have equivalent education within the insurance industry. You bring proven experience in facultative reinsurance and possess a solid understanding of insurance and reinsurance principles, terms, risk assessment, and pricing.
With an analytical mindset, you are skilled in evaluating complex risk scenarios and excel at building and sustaining relationships. Your strong negotiation and interpersonal abilities enable you to establish and maintain connections effectively. Additionally, you communicate fluently in English, both in writing and verbally.
We Offer
Join our team of motivated and talented colleagues in a dynamic international environment. Here, you'll have the chance to advance your expertise and skills, with the company providing resources and opportunities for ongoing growth.
Our values emphasize personal development, respect, teamwork, and integrity. We offer a flexible and welcoming workplace where you'll be part of a diverse, global team. We believe that diversity enhances creativity, supports better decision-making, and drives our ability to solve complex challenges effectively.
About Us
WTW is a growing global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. WTW have about 46,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets, and ideas – the dynamic formula that drives business performance.
We Transform Tomorrows
WTW is an Equal Opportunity Employer
