Senior Reinsurance Placement Executive

🕒 May 22

Apply Now

Find Similar Remote Jobs

Receive Emails For Remote Jobs

📊 Check your resume score for this job

Improve your chances of getting an interview by checking your resume score before you apply.

Upload Resume

Obsidian Insurance Holdings, Inc

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2020

🤝 B2B

💸 Finance

B2B • Finance

Obsidian Insurance Holdings, Inc is a specialty insurance holding company that acts as a fronting carrier and program partner for Managing General Agents (MGAs) and Program Administrators. The firm focuses on underwriting-driven program business, retaining net risk on select programs, and working closely with reinsurers and program managers to build long-term, economically aligned partnerships. Obsidian emphasizes strong underwriting and actuarial capabilities, efficient operations, and tailored solutions to meet the needs of specialty program partners while growing surplus and capacity to support expanded underwriting opportunities.

📋 Description

• Manage the placement of reinsurance for complex new and renewal Obsidian programs independently. • Handle complex reinsurance placements and complex contract negotiations independently. • Attend reinsurance placement meetings as needed, in person or virtually. • Represent Obsidian at industry conferences to convey Obsidian business model and appetite for program placements. • Develop and foster relationships with reinsurers to expand capacity for Obsidian programs. • Handle all negotiation of reinsurance business terms to achieve optimal economics for Obsidian and the MGA. • Provide summary of quoted terms and track all subjectivities (i.e. LR caps, ECO/XPL, unique features, restrictions, etc.). • Review and analyze reinsurance marketing list presented to ensure they meet Obsidian’s financial requirements and program objectives given covered lines of business, volatility, etc.. Also identify additional markets as applicable. • Work closely with the legal team to review and finalize reinsurance contracts. • Manage reinsurance activities through treaty period (i.e. reinsurer requests for audits, special acceptances, etc.) coordinating with other internal functions as appropriate. • Develop power point marketing presentations for reinsurance discussions as needed.

🎯 Requirements

• Minimum of 20 years of property and casualty reinsurance industry, either working with a reinsurance intermediary, reinsurer or insurer handling reinsurance placement • Strong knowledge of reinsurance contracts and experience structuring complex reinsurance agreements • Ability to work independently for placements and make decisions to manage placement process • Experience with Program, MGA, and /or MGU business preferred • Professional designation (CPCU, ARe), a plus • Ability to work collaboratively across other company functions (actuarial, underwriting, claims) • Strong verbal and written communication skills • Strong negotiation skills • Sales and marketing skills • Existing relationships with reinsurance brokers • Existing relationships with reinsurers and ability to develop new reinsurer relationships • Travel up to 20%