Reinsurance Broker

Antal International

Johannesburg, Gauteng
Permanent
Full-time

28 days ago

Job DescriptionAbout the Company:A London-headquartered insurance and reinsurance intermediary operating within the prestigious Lloyd's of London and other international markets. This organization conducts business in over 80 countries and maintains permanent offices in regions including South Africa, UAE, Poland, Kenya, and the USA. Its corporate family encompasses multiple Managing General Agents (MGAs), a Bancassurance Consultancy, and a telematics-focused Insuretech firm.The company offers reinsurance solutions to a global clientele, comprising insurers, reinsurers, and (re)insurance brokers. It facilitates reinsurance for various classes of business, including but not limited to Property & Casualty, Life & Medical, Energy & Aviation, Marine, Financial Institutions, Bancassurance, and Special Contingency Risks. It also specializes in Parametric insurance, developing customized parametric solutions.The company is committed to delivering exceptional service and focuses on optimizing response times for its customers. Its team consists of top-tier professionals distinguished by their extensive experience and qualifications.About the Opportunity:With your solid track record in a Broker function, with 5+ years' experience in selling facultative and treaty reinsurance solutions, you get to add value to an international specialist Insurance and Reinsurance Broker, based in Johannesburg, with a global network of business partners.You will be delivering a vital service by helping both reinsurers and insurers to maintain a profitable book of business by improving their premium income, reducing their risk exposure and save on operational costs through the 'outsourcing' of reinsurance-related processing and services. Your strong knowledge of the broker market will assist you in being successful in this function.Minimum Requirements

Matric qualification
Relevant Tertiary insurance qualification (advantage)
Minimum of 5 years' experience in selling facultative and treaty reinsurance solutions
Treaty reinsurance experience (advantage)
Excellent knowledge of the Broker network
Excellent negotiation and communication (verbal and written) skills
Strong business development skills

Purpose of role/duties & responsibilities:

Reinsurance Expertise and Technical Advice: To fact-find and provide insurers with independent advice on designing and placing reinsurance programmes
Market Intelligence and Data: Able to gather and monitor data to provide trends and opportunities for both insurers and reinsurers
Cross-border Access for Reinsurance Solutions/Capacities: Able to access the various national reinsurance markets
Inspection of Potential Reinsurers for its Counterparty Credit Risk, Services and Credibility (among others): Privy to the services and credibility of reinsurers and help to protect both insurers' interests
Claims Processing: Delegation of reinsurance claims processing and recovery
Finalising Reinsurance Contract Wordings: Ensuring Contract Certainty Guidelines are adequately met and both parties have clarity on the terms and conditions of the policy
Administration of Reinsurance Contracts and Settlement of Balances (Premiums, Claims, Fees
Filter Reinsurance Risks to suit Reinsurers' Risk Appetite and Portfolio Objectives
Obtaining the most competitive rates and terms for the client: To negotiate and procure the most competitive premiums, rates and terms for clients

Antal International

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