Head Reinsurance - International Energy Insurance (IEI)

About this role

The Head of Reinsurance for International Energy Insurance (IEI) at Norrenberger Financial Group leads the company’s reinsurance activities, ensuring effective risk transfer, underwriting capacity, and relationships with reinsurers and brokers. The role covers treaty and facultative placements, reinsurance documentation, regulatory compliance, and overall reinsurance strategy aligned with risk appetite. It involves managing recoveries, risk and credit assessments, and providing insights to support capital management and profitability. The position is based in Lagos and targets experienced professionals with a strong background in reinsurance and related analytics.

What you would do

• Develop and implement the company’s reinsurance strategy in line with underwriting philosophy and risk appetite.
• Structure proportional and non-proportional treaties across relevant lines of business.
• Lead negotiation, placement, and renewal of treaty arrangements with reinsurers; coordinate facultative placements for large or complex risks.
• Evaluate terms, pricing, security ratings, and capacity of reinsurers; ensure competitive protections.
• Oversee treaty documentation, slip preparation, cover notes, and contractual obligations; ensure regulatory compliance.
• Maintain accurate reinsurance records and bordereaux management; coordinate regulatory reporting.
• Oversee reinsurance recoveries; manage disputes and negotiations with reinsurers; monitor ageing of recoveries.
• Assess reinsurer credit risk, diversify panel, and monitor treaty performance and exposures.
• Analyse portfolio performance to optimise retention and cession structures; provide cost modelling and profitability analysis.
• Manage relationships with reinsurers, brokers, retrocession partners; provide technical guidance on product and risk placement.

What they are asking for

• Bachelor’s degree in Insurance, Actuarial Science, Finance, Accounting, Economics, or related field.
• Master’s degree (MBA/MSc in Insurance, Risk Management, or Finance) is an added advantage.
• Professional certifications such as AIIIN, CIIN, ACII, etc.
• 8+ years of practical experience in reinsurance and related areas.
• Strong knowledge of reinsurance treaties, facultative placements, and risk transfer mechanisms.
• Analytical and numerical skills for risk exposure and portfolio assessment.
• Knowledge of underwriting principles and insurance regulations.
• Negotiation and communication skills with reinsurers and brokers.
• Strong documentation and attention to detail; proficiency in Excel and reinsurance systems.
• High integrity and confidentiality handling capability.

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