P&C Facultative Reinsurance Specialist
1 settimana fa
Generali is a major player in the global insurance industry - a strategic and highly important sector for the growth, development and welfare of modern societies.
- Concluding P&C facultative reinsurance contracts with Group Legal Entities and steering/supervising the conclusion of facultative reinsurance contracts between Group Legal Entities and third party reinsurers
- Managing payments of claims to Group Legal Entities and claims recoveries from retrocessionaire
- Providing first line legal support to Group Reinsurance and Group Legal Entities in concluding and managing reinsurance agreements (treaty and facultative, P&C and Life)
The job holder will have the following responsibilities:
- Support in the empowerment all Group Companies and especially GC&C to purchase the optimum level of facultative reinsurance capacity within a specific agreed framework in line with Group Reinsurance Policy and relevant applicable Guidelines
- Act wisely in the mitigation of the Counterparty Credit Risk for cessions to Professional Reinsurers, Co-Reinsurance, Captive, Fronting also recommending and assessing the right Collateral solutions (Letter of Credit, Parental Guarantee, Cash/Share/Pledge Account) to mitigate the risk
- Contribute to structure, coordinate, implement and monitor scalable Facultative Obligatory Reinsurance Solutions for the Group Business Units with Professional Reinsurers
- Enhancing business relationship with main international Reinsurers and Brokers seeking best innovative facultative reinsurance solution to achieve profitable growth goals
- Bachelor or Master's degree (Business Management, Economics, Law)
- Minimum 2 years' professional experience in insurance (exposure to multiple lines of business and/or international business is a plus)
- Proficient in English (knowledge of other languages is a plus)
- Target oriented, willing to innovate, able to implement technical initiatives through the organization
- Strong technical and commercial skills
- Diplomatic, strong communicator, able to interact with both internal and external stakeholders, open and active listener
- Openness to innovation
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