26 Aug
|
Unilight Insurance Brokers Private
|
Mumbai
26 Aug
Unilight Insurance Brokers Private
Mumbai
Reinsurance FAC
Company: Unilight Insurance Brokers Pvt. Ltd.
Location: Mumbai
Experience: Minimum 5 Years
Travel: Open to extensive travel
About the Role
The Reinsurance FAC professional will be responsible for managing Facultative Reinsurance placements, including business development, risk analysis, market placement, insurer/reinsurer coordination, negotiations, documentation, and portfolio servicing. The role requires strong technical knowledge of facultative reinsurance, excellent market relationships, and the ability to manage placements from enquiry to closure.
Key Responsibilities
Facultative Reinsurance Placement
Handle end-to-end Facultative Reinsurance placements across relevant lines of business.
Analyse client/cedant requirements, risk information, policy terms, and exposure details.
Prepare and circulate facultative submissions to appropriate reinsurers and international markets.
Obtain competitive terms, quotations, capacity, and coverage from reinsurers.
Negotiate pricing, terms, conditions, deductibles, limits, and other placement requirements.
Reinsurance Market & Relationship Management
Develop and maintain robust relationships with domestic and international reinsurers, brokers, and underwriting markets.
Identify appropriate markets based on risk profile, capacity requirements, appetite, and pricing.
Engage with reinsurers to secure optimal terms and placement solutions.
Stay updated on market capacity, underwriting appetite, pricing trends, and emerging risks.
Client & Internal Coordination
Understand client requirements and provide technically sound reinsurance solutions.
Coordinate closely with business development, underwriting, and placement teams.
Support client meetings and presentations whenever required.
Ensure timely communication of quotations, terms, conditions, and placement status.
Documentation & Policy Servicing
Ensure accuracy and completeness of facultative submissions and placement documentation.
Coordinate confirmations, debit
📌 Reinsurance FAC (Mumbai)
🏢 Unilight Insurance Brokers Private
📍 Mumbai