About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Senior Ceded Re Analyst

We are currently looking for a Senior Ceded Re Analyst to work with us on a full-time basis in our London office, reporting into the Group Head of Ceded Re.

You to provide commercial and analytical guidance on purchase strategy and execution as a core part of the Ceded Reinsurance function within Munich Re Specialty Global Markets.

Responsibilities:

To assist in developing reinsurance purchase strategies across Lloyd’s and Non-Lloyd’s platforms in light of evolving Group risk appetites.
To contribute to a small core buying team of Senior Ceded Re Analyst, Group Head of Ceded Re and CUO Underwriting Strategy.
To make recommendations as part of the buying team on Lloyd’s and Non-Lloyd’s protection strategies and operational functionality.
To develop a more robust analytical framework in assessing the risk-transfer efficiency of Ceded reinsurance strategies to inform purchasing. This will require close liaison with Capital and Reserving actuarial divisions as well as Underwriting Strategy.
To steer the production of renewal information with the Group Head of Ceded Re.
To work closely with the Group Head of Ceded Re and Reinsurance Manager in the coordination and administration of Outwards Reinsurance recoveries.
Close liaison with Group Head of Exposure Management to ascertain and manage net risk appetite levels.
Assist in collation and production of MRSGM information to support Reinsurance purchasing.
Interaction with GC/NA5 CUOs as to possible Reinsurance requirements and proposed solutions
Active member of the Reinsurance Steering Group (RISG)
Recommendation (in conjunction with Group CUO, CUO Underwriting Strategy and Group Head of Ceded Re) of Reinsurance purchasing options to RISG
Investigation of non-traditional and/or innovative Reinsurance options
Management and coordination of key Reinsurance partner relations (Reinsurers, Reinsurance Brokers, Munich Re Group)
Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders

Knowledge and Skills

A strong background in reinsurance and strong analytical skills.
Thorough understanding of Specialty (re)insurance business as well as a comprehensive understanding of the London market and Lloyd’s environment.
Working knowledge of Non-Lloyd’s platform Ceded Re operations as we expand beyond Lloyd’s.
Comprehensive understanding of the Lloyd’s Principles for Doing Business.
Understanding of business strategy and the work of the other departments within the organisation.
Sound knowledge and understanding of reinsurance processes and credit control mechanism as well as a comprehensive understanding of Lloyd’s reinsurance reporting mechanisms and minimum standards.
Good understanding of regulatory requirements (FCA and PRA), obligations of a certified function holder and Lloyd’s compliance requirements
Good motivational and personnel management skills.
Effective liaison with key stakeholders.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact!

Benefits

25 days Annual Leave + Bank Holidays
10% Non-contributory Pension
Eligibility for an Annual Bonus
Private Medical + Dental Insurance
Critical illness insurance + Life Assurance + Permanent Health Insurance
Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
Electric Vehicle Salary Sacrifice Scheme
Study & continuing Professional Development Support
Hybrid Working + IT Home Set-up Support

Purchase Strategies jobs

Senior Ceded Re Analyst