Outwards Reinsurance Manager

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs. 

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days. 

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years. 

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

The Outwards Reinsurance Manager is responsible for the day-to-day management and execution of Ki’s outward reinsurance placement activity across all lines of business. The role supports the design, structuring and delivery of the Outwards Reinsurance (ORI) programme, a key component of Ki’s capital and risk management strategy.

Working closely with underwriting, portfolio management, brokers and reinsurers, the role contributes to ensuring appropriate protection structures are in place to meet business objectives. The role also supports monitoring, reporting and analysis to inform strategic decision-making and programme optimisation. This is a specialist role with broad interaction across internal and external stakeholders and a strong focus on both operational delivery and analytical insight.

What you will be doing: 🖋️

• Execute the outward reinsurance placement process according to the organization's guidelines and policies, ensuring comprehensive and seamless execution.
• Innovate and propose creative solutions to optimize the effectiveness of purchased outward reinsurance, seeking avenues to enhance value and improve outcomes.
• Generate outward reinsurance data and Management Information (MI) to facilitate business planning and strategic decision-making.
• Identify potential events affecting financial results and escalate them to the Active Underwriter for informed decision-making.
• Collaborate in the development of alternative risk transfer methods, contributing to a diversified risk management approach.
• Assist in structuring capital market transactions and contribute to the successful execution of these initiatives.
• Act as the primary point of contact for internal and external outward reinsurance information, engaging with brokers, the market, and various internal committees.
• Oversee the timely and effective production of all outward reinsurance information, both internal and external.
• Cultivate, manage, and enhance relationships with brokers and reinsurers to align with Ki’s strategic requirements.

• ACII qualified or actively working towards a professional insurance qualification.
• Strong understanding of outwards reinsurance placement processes within the London Market and/or a Lloyd’s syndicate environment.
• Broad knowledge of Property, Casualty and Specialty lines, including proportional and non-proportional reinsurance structures.
• Good understanding of catastrophe modelling outputs and exposure management concepts, with awareness of actuarial tools and methodologies.
• Strong analytical capability with the ability to interpret data and translate insights into meaningful actions.
• Excellent communication and stakeholder engagement skills, with the ability to collaborate effectively across teams and levels.
• Strong organisational skills with the ability to manage multiple priorities and work to tight deadlines.
• Proficiency in Microsoft Office and familiarity with underwriting and reinsurance systems.
• Proactive, detail-oriented approach with the ability to work independently and as part of a team.

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

What to expect during the recruitment process:

1) Initial recruiter screening call

2) Interview with hiring manager

3) Technical Interview (this may vary depending on the role)

4) Values Interview