Hybrid Managing Director, Surety Broking

Posted 2 weeks ago

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About the role

  • Develops and presents innovative approaches to complex client needs
  • Produces, negotiates, places and manages the daily servicing of reinsurance treaties utilizing markets from the US, London, Bermuda and around the world
  • Manages overall interaction with client in medium to large client transactions
  • Negotiate and place reinsurance treaties in the market utilizing markets from the US, London Bermuda and around the world to deliver highly complex, best-in-class solutions to clients
  • Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s)
  • Produce new clients, designs programmes for them and establishes relationships through meetings and exhibiting professional skills in order to generate revenue
  • Design new programs for clients’ needs, placing business with client-approved reinsurers
  • May participate in the revenue/budget process with the management team and may review and clarify contract documents and bond forms, as well as banking terms and conditions.

Requirements

  • 15+ years’ experience required in placing Surety Reinsurance programs as a broker
  • In-depth knowledge of the global reinsurance market including coverage, placement structures, markets and rating structures of insurance and reinsurance companies
  • Working knowledge and experience with Lloyd’s and other Company Markets including London, US and Europe would be essential
  • Strong knowledge of Insurance/Reinsurance Law, Compliance and regulatory requirements throughout the world
  • Strong working knowledge and relationships within the Bermuda marketplace
  • Analysis of financial reports and statements and the ability to analyze actuarial models and output
  • Familiarity with Cat Vendor models
  • Superb negotiating and sales skills.

Benefits

  • Health and welfare benefits
  • Tuition assistance
  • 401K savings and other retirement programs
  • Employee assistance programs

Job title

Managing Director, Surety Broking

Job type

Experience level

Lead

Salary

$250,000 - $375,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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