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Business Development Manager - UK Property InsuranceReinsurerCity of London
I am currently recruiting for a leading Reinsurer who are seeking a Business Development Manager to join their expanding team!
This role will not be actively underwriting - it will be taking the lead of managing stakeholders and handling renewals with all participating members. An element of assessing risks that the business reinsure will also be involved.
Key Responsibilities
- Collaborate with the Pricing team to ensure that premiums are appropriately set based on the level of risk and market conditions.
- Monitor and analyse claims data to identify trends and provide recommendations for underwriting improvements.
- Stay up-to-date on industry developments, market trends, and regulatory changes related to Terrorism insurance.
- Provide training and guidance to junior underwriters and support staff on technical aspects of Terrorism underwriting.
- Develop and maintain strong relationships with reinsurers, brokers, and other stakeholders in the Terrorism insurance market.
- Assist in the development and implementation of underwriting guidelines and policies to enhance the profitability and sustainability of the Terrorism portfolio.
- Participate in industry events, conferences, and working groups to stay informed about emerging risks and best practices in Terrorism underwriting.
- Conduct regular reviews of underwriting practices and procedures to ensure compliance with internal guidelines and regulatory requirements.
- Proactively identify opportunities for growth and expansion within the Terrorism insurance market and develop strategies to capitalise on them.
- Support the Head of Underwriting in strategic decision-making and long-term planning for the Terrorism portfolio.
