Company
Munich Re America Services
Location
New York , United States
Head of GSI Ceded Reinsurance
The Company
As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
The Opportunity
Future focused and always one step ahead
Provides the leadership necessary to develop and implement one GSI ceded reinsurance strategy. This includes the consolidation of existing reinsurance teams across GSI and management of this team going forward focused on the execution of all GSI ceded reinsurance needs.
The GSI Head of Ceded Reinsurance will:
- Set the overall GSI reinsurance strategy
- Place all GSI-level Reinsurance covers
- Oversee any and all Reinsurance placement activities that occur within GSI
Responsibilities
- As a member of the GSI Underwriting Leadership Team, provide critical strategic leadership and insights to manage the underwriting volatility risks of the GSI portfolio to support the development of a market leading, profitable, and efficient specialty primary insurer.
- Consolidate with immediate effect and manage the GSI Ceded Re team subject to legal and regulatory requirements.
- Develop GSI ceded reinsurance strategy and make proposal regarding gross/net steering as part of GSI is net steered, with the remainder being gross steered. Proposal will focus on these three options:
- Maintain this split approach and determine how this impacts ceded reinsurance under each approach.
- Convert all business units to net steered – need a plan for doing this.
- Convert all business units to gross steered – same as above.
- Lead GSI Ceded Re team to place a Shared reinsurance treaty for U.S. Property with an effective date of July 1, 2025, and no later than January 1, 2026, if necessary. This treaty will include as much GSI US property CAT business as can reasonably be combined.
- Define relationship between GSI Ceded Re and Capital Partners.
- Contribute to GSI’s Program IMPACT and the 2025+ Strategic, Operational and Financial Plan for GSI.
- Contribute to the development and achievement of the GSI 6-block objectives.
- Provide strategic input on future GSI ambitions and planning processes.
- Propose, build, motivate and lead a high-performing team made up of direct reports, indirect reports, and GSI resources.
- Contribute to Property, Casualty and Specialty Underwriting strategies in support of Volatility management.
- Foster a success-oriented, accountable environment within GSI that emphasizes the GSI cultural attributes – inclusive, curious, bold, and collaborative.
Qualifications
- Bachelor’s degree in business, risk management, finance or related field.
- 10+ years of strong business, underwriting, and reinsurance experience and 5+ years in a senior management role.
- Demonstrated experience in ceded reinsurance strategy and establishing relationships with reinsurance intermediaries
- Experience and knowledge of Munich Re preferred.
- Skilled in negotiation, personnel management, budget and resource development, and strategic planning.
- Excellent people skills, with an ability to partner with a dynamic leadership team.
- Possess personal qualities of integrity, credibility, and commitment to corporate mission.
- Ability to work within an ambiguous, fast-moving environment, while also driving toward clarity and solutions
- Demonstrated resourcefulness in setting priorities and guiding to successful completion.
- Working knowledge across a variety of disciplines - underwriting, actuarial, claims, operations, and finance.
- Exhibit strong verbal and written communication skills.
The Company is hiring candidates in NYC. The salary range posted below applies to the Company’s NYC location.
The base salary range anticipated for this position is $ 301,700 - $442,500 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
