Reinsurance Director

Client of Mindfree Consulting

The Reinsurance Director will be responsible for defining, developing, and executing the reinsurance strategy across a designated region. This strategic leadership role requires deep expertise in reinsurance treaty negotiation, market dynamics, regulatory compliance, and capital management. The Director will manage key relationships with reinsurers, brokers, and internal stakeholders to optimize the company's risk transfer solutions, protect capital, and enhance profitability in alignment with global and regional business objectives.

Detailed Job Description (preliminary)

Reinsurance Strategy & Execution

• Develop, recommend, and execute the annual regional reinsurance strategy and placement, encompassing property, casualty, and specialty lines, to achieve optimal risk-adjusted returns.
• Lead the negotiation of complex reinsurance placements with global reinsurers and brokers, ensuring terms and conditions are favorable and align with the firm's underwriting and risk appetite.
• Conduct in-depth analysis of capital implications and profitability impacts of various reinsurance structures (quota share, excess of loss, cat bonds, etc.).
• Manage reinsurance buying processes, including market presentations, data room preparation, and final program allocation.
• Partner with internal Risk Management, Actuarial, and Underwriting teams to assess and quantify retained risk exposures and ensure coverage is robust and effective.
• Oversee the management of collateral and letters of credit related to reinsurance recoverable.

Reinsurance Broking Business Leadership

• Overall responsibility for revenue growth and profitability of the reinsurance broking business.
• Ensuring long-term sustainability and consistent growth by developing and implementing corporate strategy.
• Building the business through leveraging current and emerging opportunities.
• Develop a best-in-class offering of broking products and services.
• Compiling and overseeing the implementation of a comprehensive Reinsurance Broking Manual.
• Participating in the development and implementation of the companys vision and mission statement.

Market, Relationship Management & Leadership

• Cultivate and maintain high-level, strategic relationships with key global and regional reinsurers, reinsurance brokers, and external market partners.
• Act as the primary point of contact for all reinsurance-related inquiries and market intelligence within the designated region.
• Monitor global and regional reinsurance market trends, pricing developments, capacity changes, and emerging risks to proactively inform and adjust strategy.
• Represent the company at industry conferences and market meetings to enhance the company's profile and influence.

Risk Management & Compliance

• Ensure all reinsurance operations, documentation, and reporting adhere strictly to regional and international regulatory requirements (e.g., Solvency II, local solvency regimes).
• Ensuring full compliance with global and regional (including Lebanon and KSA) regulations and ensuring no legal, financial, or commercial liability is assumed.
• Identifying current and future challenges to the business and developing mitigation plans.

Leadership, Oversight & Talent Development

• Lead, mentor, and develop a high-performing regional reinsurance team.
• Recruiting, training, mentoring and developing human resources across the function.
• Prepare and present detailed reports on reinsurance program performance, broking P&L results, and strategic recommendations to the Executive Leadership Team and Board of Directors.
• Manage the reinsurance budget and monitor operational efficiency and contract certainty processes.

• Experience Level:

• Minimum of 10 years of progressive experience in reinsurance, capital management, or underwriting.
• Proven track record of successfully structuring, negotiating, and placing large, complex reinsurance programs across multiple lines of business.
• Experience developing, recommending, and executing the annual regional reinsurance strategy and placement (Property, Casualty, and Specialty).
• Experience ensuring reinsurance operations and reporting adhere to regional and international regulatory requirements
• Experience managing the entire reinsurance buying process, including market presentations and data room preparation.