Facultative Reinsurance Broker
Job Description
Willis Towers Watson CAC, Inc. seeks Facultative Reinsurance Broker, Caribbean in Miami, FL to develop and maintain commercial relationships with global reinsurers in order to secure competitive capacity and terms for Caribbean property risks. Maintain relationships with insurance companies across Spanish-speaking, English-speaking, and Dutch Caribbean jurisdictions. Create, review and structure, facultative property reinsurance placements including wording with coverage conditions, monetary limits and overall program placement strategy. Advanced knowledge of proportional and non-proportional facultative reinsurance structures. Work as part of a team of brokers and business developers focusing on sourcing and placing facultative Reinsurance in the Caribbean region. Engage international reinsurance markets in Miami, Latin America, Europe and WTW colleagues in London, Madrid, and other hubs to negotiate and place facultative property reinsurance placements. Calculate and negotiate final signings and premiums per Reinsurer. Ensure company, market and client-related documentation is issued (internally and externally) accurately and on time. Comply with all administrative and operational tasks including premium collection once coverage has been accepted. Manage a portfolio of placements throughout the year, advising management and finances of expected forecast revenue. Work with actuaries and cat modelers to analyze insurance risks in order to advise clients on facultative reinsurance structures to mitigate downside risk and improve capital efficiency. Comply with external and internal regulatory and statutory policies, procedures and regulations. Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s). Prepare and present risk analyses, placement strategies, and market updates to senior executives of insurance companies. Conduct research on industry developments, catastrophe risk trends, and reinsurance market dynamics affecting Caribbean property risks. Participate in the development of our global production strategy for the Property Segment. 15% domestic and international travel required.
LOCATION:
Willis Towers Watson CAC, Inc., 1450 Brickell Avenue, Miami, FL 33131
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Where we are
We have colleagues all around the world, working remotely or in our offices. Together, we make a difference for clients in over 140 countries and markets, from the Middle East to Latin America, from Manila to New York.
