Head of Motor XoL Reinsurance

• Develop, articulate and seek approval from relevant governance committees and Boards for the Group’s risk appetite in relation to motor and casualty risk retention
• Collaborate with internal pricing, finance, actuarial and claims teams to assess exposure levels and developing trends
• Conduct market analysis to identify reinsurance capacity trends, pricing expectations, emerging market dynamics, and changes in individual reinsurer appetite
• Work with Finance, Reserving, Capital and Risk teams to assess the financial impact of different reinsurance structures on capital adequacy, earnings volatility, and solvency metrics
• With the assistance of the external brokers, lead the end‑to‑end design of the recommended annual motor non-proportional reinsurance programmes, taking into account the features of existing proportional arrangements
• Lead the annual reinsurance renewal processes, ensuring that exposure data, renewal submission information and actuarial pricing work is accurate, timely, and comprehensive to facilitate an orderly and timely placement
• Ensure that all reinsurance arrangements meet relevant regulatory requirements and internal governance standards (including compliance with the Group Reinsurance policy)
• Build strong relationships with the Group’s current and prospective panel of reinsurers
• Build strong relationships with Admiral’s reinsurance broker(s), leverage their knowledge and skills to optimise the placement
• Provide guidance and challenge to other areas of the business as the Group’s subject-matter expert for motor and casualty risk and reinsurance, in particular in relation to internal capital model development, wider capital topics and ORSA stress and scenario testing
• Monitor reinsurance recoveries, reinsurer credit risk, and the performance of key counterparties
• Support other individuals across the Group on similar aspects across the UK and Europe, ensuring best practice and greater consistency in both thought process and execution
• Provide support and mentoring to other members of the Group Reinsurance team and wider Group Finance team

• Qualified professional (FIA, ACII or equivalent) with a strong academic background
• Excellent Commercial outlook with experience of producing detailed financial analysis and Board-style reporting to senior stakeholders
• Excellent numerical and analytical skills with an understanding of exposure management, actuarial pricing concepts, and capital implications
• Experience in the Insurance sector
• Excellent interpersonal skills and the ability to build strong collaborative working relationships including communicating insights effectively to key stakeholders
• This role requires regular travel to our Cardiff Office, London and also international travel to our global entities and events

Understanding of casualty, motor and catastrophe reinsurance structures is preferred

• Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave
• Financial & Mortgage Advice
• 24-Hour Ecare
• Cycle to Work Scheme
• Annual Holiday Allowance
• Flexible Working
• Simply Health
• Private Health Cover
• Critical Illness Cover
• All colleagues eligible for up to £3,600 of free shares each year after one year of service