Willis Towers Watson

Facultative Reinsurance Broker

Willis Towers Watson • $100K — $120K *
Miami, FL 33186In-Person
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent in any field.
  • 3 years of experience in the reinsurance industry focused on property broking.
  • Experience with clients in Spanish-speaking, English-speaking, and Dutch Caribbean regions.
  • Proven ability to develop and maintain relationships with international reinsurance markets.
  • Strong analytical and problem-solving skills for evaluating complex property risks.
  • Experience presenting technical concepts to senior executives.
  • Professional designations such as ARe or CPCU required.

Responsibilities

  • Develop and maintain relationships with global reinsurers for Caribbean property risks.
  • Create, review, and structure facultative property reinsurance placements.
  • Engage with international reinsurance markets to negotiate placements.
  • Calculate and negotiate final signings and premiums with reinsurers.
  • Ensure accurate and timely issuance of documentation related to placements.
  • Manage a portfolio of placements and forecast expected revenue.
  • Conduct research on industry developments and reinsurance market dynamics.

Benefits

  • Opportunity to work in a dynamic and diverse team environment.
  • Engagement with international markets and travel opportunities.
  • Professional development through exposure to senior executives and complex projects.
  • Access to resources for analytics and catastrophe modeling.
  • Participation in the development of global production strategies.
Full Job Description
Willis Towers Watson CAC, Inc. seeksFacultative 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 Qualifications REQUIREMENTS: Bachelor's degree or equivalent in any field and 3 years of experience in the reinsurance industry with a focus on property broking. Requires 3 years of experience with all of the following: working with insurance clients located in the Spanish-speaking Caribbean, English-speaking Caribbean, and Dutch Caribbean; developing and maintaining commercial relationships with international reinsurance markets; and applying analytical and problem-solving skills to evaluate complex property risk exposures. Requires 1 year of experience with all of the following: communicating and presenting technical reinsurance concepts to senior executives; structuring and placing facultative property reinsurance programs for complex property risks; and coordinating multidisciplinary teams including broking, analytics, catastrophe modeling, and client service professionals. Professional designations such as ARe [Associate in Reinsurance] or CPCU [Chartered Property Casualty Underwriter] required. SUBMIT RESUME OR CONTACT: Apply for the Facultative Reinsurance Broker, Caribbean position (requisition: insert) at https://careers.wtwco.com/jobs/search.

About Willis Towers Watson

Willis Towers Watson is a global insurance and risk management company that provides a range of services to clients in more than 140 countries. The company was formed in 2016 through the merger of Willis Group Holdings and Towers Watson & Co. Willis Towers Watson offers a range of insurance products, including property and casualty insurance, life insurance, and health insurance. The company also provides risk management and consulting services, including actuarial services, investment consulting, and human capital consulting. Willis Towers Watson is known for its expertise in risk management and its ability to help clients navigate complex insurance and regulatory environments.
Learn more about Willis Towers Watson
Size
46,000 employees
Market Cap
$26.2 billion
Industry
Net Income
$996 million
Founded
1828
5 Year Trend
+2.7%
Revenue
$9.3 billion
NASDAQ

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