Position Title: Insurance Executive (Confidential Client)
Location: Grand Cayman, Cayman Islands | On-site (5 days a week)
Employment Type: Permanent

Company Overview (Confidential)

Our Client is the captive solutions division of a global insurance brokerage and risk management firm, offering captive program design and management, with captive professionals and offices throughout the world's major captive domiciles.

Position Summary

The Insurance Executive is responsible for handling technical insurance and reinsurance matters for a portfolio of clients in the Cayman office, consisting primarily of, but not limited to, captive insurance and re/insurance entities. The role acts as a contact and resource on all insurance-related issues to ensure the delivery of high-quality service to clients, while providing technical insurance support to team colleagues. The role provides insurance monitoring and control and ensures regulatory compliance. It is a consulting, advisory, and managerial position that reports to the SVP and CSL Insurance Leader. Candidates must be legally authorized to work in the Cayman Islands.

Primary Functions

Manages the (re)insurance renewal process in a timely manner
Issues and inputs (re)insurance contracts, policy wordings, and endorsements
Leads and provides strategic input into program structure, design, and analysis
Oversees claims processing and resolution, including claims reviews
Ensures regulatory compliance
Acts as Client Executive for nominated clients
Establishes and maintains strong working relationships with clients, prospects, brokers, other service providers, client teams, and colleagues
Partners with accounting colleagues; monitors developments in the insurance, reinsurance, and captive marketplace; speaks with clients and prospects about matters that affect them
Interacts with regulators to support changes to clients' business; serves as a technical resource for colleagues; discusses regulatory updates with clients; negotiates fees and management agreements; manages colleagues as required; performs other job-related duties as required

Must-Haves

Internationally recognized insurance and/or risk management qualification, such as A.C.I.I. or CPCU
Minimum of 5 years of (re)insurance experience, ideally including captive management
Minimum of 5 years of recent experience building customer relationships in an insurance management and/or client services role
Working knowledge of investment and insurance accounting
Strong knowledge of captive and (re)insurance policy and agreement structures
Proficiency with Microsoft Office Suite; ability to manage own workload, work effectively as part of a team, work well under pressure, adapt to changing priorities, multitask, attend and present at meetings overseas, provide insurance training to colleagues, lead client and prospect meetings, and research complex matters independently

Preferred Qualifications

Minimum of 3 years of recent supervisory or management experience
Experience in an insurance regulatory environment

Sponsorship Available: No