29 Aug
|
Unilight Insurance Brokers Private
|
Alibag
29 Aug
Unilight Insurance Brokers Private
Alibag
Job DescriptionReinsurance FAC
NCompany: Unilight Insurance Brokers Pvt. Ltd.
NLocation: Mumbai
NExperience: Minimum 5 Years
NTravel: Open to extensive travel
NAbout the Role
nThe Reinsurance FAC skilled 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.
NKey Responsibilities
nFacultative Reinsurance Placement
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- Handle end-to-endFacultative Reinsurance placements across relevant lines of business. N
- Analyse client/cedant requirements, risk information, policy terms, and exposure details. N
- Prepare and circulate facultative submissions to appropriate reinsurers and international markets. N
- Obtain competitive terms, quotations, capacity, and coverage from reinsurers. N
- Negotiate pricing, terms, conditions,
deductibles, limits, and other placement requirements. N
nReinsurance Market& Relationship Management
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- Develop and maintain strong relationships with domestic and international reinsurers, brokers, and underwriting markets. N
- Identify appropriate markets based on risk profile, capacity requirements, appetite, and pricing. N
- Engage with reinsurers to secure optimal terms and placement solutions. N
- Stay updated on market capacity, underwriting appetite, pricing trends, and emerging risks. N
nClient & Internal Coordination
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- Understand clientrequirements and provide technically sound reinsurance solutions. N
- Coordinate closely withbusiness development, underwriting, and placement teams. N
- Support client meetingsand presentations whenever required. N
- Ensure timely communication of quotations, terms, conditions, and placement status. N
nDocumentation & Poli
📌 Reinsurance Fac (Alibag)
🏢 Unilight Insurance Brokers Private
📍 Alibag