SVP, Capacity & Reinsurance
Bishop Street UnderwritersReports ToPresident of Bishop Street Underwriters
Key PartnersChief Risk Officer and actuarial leadership; UK Chief Underwriting Officer (for London market matters); OpCo leadership and underwriting
LocationHybrid Office/Remote, US base preferred
Employment TypeFull-Time, Regular
Position SummaryBishop Street Underwriters is seeking an SVP, Capacity & Reinsurance to lead the sourcing, structuring, and ongoing management of insurance and reinsurance capacity across the platform's Managing General Agent (MGA) programs. This is a senior, highly visible role responsible for ensuring that every program underwritten across Bishop Street's portfolio is backed by stable, well-structured, and appropriately priced capacity - and for building the carrier, reinsurer, and fronting relationships that make that possible.
The ideal candidate combines deep technical fluency in specialty insurance and reinsurance structures with strong relationship-management and negotiation skills, and is comfortable operating at the intersection of underwriting, actuarial, and legal. As Bishop Street continues to add OpCos and launch new programs, this person will be the one making sure capacity keeps pace - stepping into live placements and renewal conversations with carriers and reinsurers who expect a credible, well-prepared counterpart from day one.
Key Responsibilities Market Connectivity - Maintain strong market connectivity and proactive relationships to monitor trends, appetite, and potential fit for current, planned, and prospective Bishop Street programs
- Represent Bishop Street in the broader (re)insurance and MGA market, including Lloyd's market, to strengthen the platform's reputation and access to capacity
- Provide market intelligence on capacity trends, pricing cycles, and emerging (re)insurance structures to inform platform strategy
- Manage relationships with key brokers involved in capacity placement with existing programs
Capacity Sourcing & Program Structuring - Identify, evaluate, and secure risk-bearing capacity (carriers, fronting partners, reinsurers, Lloyd's syndicates) for current, planned, and prospective program needs across the Bishop Street platform
- Lead each capacity placement including but not limited to sourcing data, developing submission materials, creating marketing strategy and managing negotiations of placements
- Structure primary, quota share, excess of loss, and funds-withheld (re)insurance arrangements both on a direct basis as well as liaising with brokers to create efficient solutions for our programs
- Lead negotiations on Program Administration Agreements (PAAs), fronting agreements, and reinsurance treaty terms, ensuring favorable terms & conditions, indemnification, assignment, and change-of-control provisions
Portfolio & Relationship Management - Work with program leaders to manage the day to day relationship for capacity providers, cedants, and fronting carriers across the platform
- Partner with OpCo leadership and underwriting teams to align program growth plans with available and prospective capacity
- Develop and maintain relationship management toolsto track connectivity, in-force books, appetite, opportunities with current, planned, and prospective capacity providers as
- Work with BSU Actuarial team to monitor loss ratio performance, GWP targets, and treaty utilization across programs
- Proactively manage capacity renewals and identify risk of non-renewal
Strategic & Cross-Functional - Advise executive leadership and corporate development on capacity implications of new program administration agreements, portfolio acquisitions, and strategic partnerships
- Act as a key point of contact in due diligence for new acquisitions and evaluation of de novo launches - often on compressed timelines, since capacity needs to be lined up before a deal or launch can close
- Collaborate with the Chief Risk Officer, actuarial and finance teams on capacity adequacy, pricing, and reserve considerations
Qualifications - 7+ years of experience in specialty insurance/reinsurance, with direct experience in MGA capacity placement, treaty reinsurance, and fronting arrangements
- Experience reviewing and negotiating Program Administration Agreements and related legal/commercial terms
- Demonstrated track record structuring and negotiating reinsurance treaties (quota share, XOL, funds withheld)
- Strong existing relationships with reinsurers, fronting carriers, and/or Lloyd's market participants
- Familiarity with E&S market dynamics and MGA platform economics
- Excellent negotiation, communication, and executive-presence skills
- Bachelor's degree required; advanced degree or industry designation (ARe, CPCU, etc.) a plus
