Head of Reinsurance UK Protection

Introduction: We are seeking a dynamic and experienced leader to head our newly combined UK Protection Reinsurance function encompassing both Retail and Group protection businesses. This role involves collaborating with Commercial Directors to set the strategy and taking full ownership and responsibility for delivering the reinsurance strategy across these businesses. You will interact across the wider L&G Group to maximise commercial value for the UK Protection businesses within approved risk tolerance.

What Youll Be Doing:

• Leading the design and execution of reinsurance strategy across the UK Protection business
• Maximising commercial value controlling risk exposure and ensuring efficient capital usage
• Interacting with and influencing other reinsurance teams to implement a groupwide reinsurance engagement strategy
• Deputising for Commercial Directors and representing L&G at industry events
• Overseeing stakeholder engagement activities to maximise commercial value and control reinsurance decisions
• Managing the UK Protection reinsurance team and ensuring optimal terms and benefits with reinsurers
• Challenging the Reinsurance Optimisation team to stay updated with market and pricing science developments
• Overseeing the implementation of monitoring and controls to ensure data integrity and accurate reinsurance accounting

What Were Looking For:

• Proven leadership experience in reinsurance or a related field
• Strong strategic thinking and ability to set and execute reinsurance strategies
• Excellent stakeholder management and influencing skills
• Ability to represent the company at industry events and engage with key external stakeholders
• Experience in managing teams and ensuring consistent application of management discretion
• Knowledge of market and pricing science developments in reinsurance
• Strong understanding of portfolio risk and profitability
• Ability to identify document and manage risks and issues related to reinsurance

Qualifications :

Who were looking for:

• Qualified Actuary with understanding of Actuarial techniques for analysing experience
• Strong knowledge of reinsurance frameworks for Retail and Group protection products and current reinsurance market dynamics
• Appreciation of how assumption pricing and reinsurance recommendations will impact core financial metrics
• Experience of managing reinsurance relationships (internal & external) to maximise commercial results with strong interpersonal skills 
• Balancing strategic goals with immediate priorities setting clear targets to achieve progress against both
• Taking ownership delivering with drive & enthusiasm
• Excellent peoplemanagement and leadership skills to enable the team to take ownership and deliver with drive & enthusiasm.
• Strong stakeholder management skills both internal and external
• Balances strategic goals with immediate priorities setting clear targets to achieve progress against both

Whatever your role we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual performance related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday plus public holidays 26 days after 2 years service. Theres also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme which offers employees the option to hire a brandnew electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer both for our own products and at a range of high street stores and online
• In 2023 some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart 

Additional Information :

At L&G we believe its possible to generate positive returns today while helping to build a better future for all. 

If you join us youll be part of a welcoming inclusive culture with opportunities to collaborate with people of diverse backgrounds views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including parttime termtime and job shares. Although some roles have limited flexibility due to customer demand we accommodate requests when we can. 

It doesnt matter if you dont meet every single criterion in this advert. Instead think about what you excel at and what else you can bring in terms of strengths potential and connection to our purpose. 

Remote Work :

No

Employment Type :

Fulltime