Senior Vice President – Capacity & Reinsurance

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Foster robust market connections and proactive relationships to observe trends, appetite, and suitability for ongoing, planned, and future programs

• Represent Bishop Street within the broader insurance, reinsurance, and MGA sectors, including the Lloyd's marketplace

• Deliver market insights on capacity trends, pricing cycles, and emerging insurance and reinsurance frameworks

• Manage relationships with pivotal brokers involved in capacity placement

• Identify, assess, and secure risk-bearing capacity from carriers, fronting partners, reinsurers, and Lloyd's syndicates

• Spearhead capacity placements, which entail sourcing data, developing submission materials, creating marketing strategies, and overseeing negotiations

• Structure primary, quota share, excess of loss, and funds-withheld insurance and reinsurance arrangements

• Lead negotiations regarding Program Administration Agreements, fronting agreements, and reinsurance treaty terms

• Oversee daily relationships with capacity providers, cedants, and fronting carriers

• Collaborate with OpCo leadership and underwriting teams to align program growth strategies with capacity

• Develop and maintain relationship-management tools to track connectivity, in-force portfolios, appetite, and opportunities

• Partner with the BSU Actuarial team to monitor loss ratio performance, GWP targets, and treaty utilization

• Actively manage capacity renewals and pinpoint non-renewal risks

• Counsel executive leadership and corporate development on the capacity implications of new agreements, acquisitions, and strategic partnerships

• Serve as a key point of contact during due diligence for acquisitions and the evaluation of de novo launches

• Collaborate with the Chief Risk Officer, actuarial, and finance teams on capacity adequacy, pricing, and reserves

⛳️ Requirements

• Over 7 years of experience in specialty insurance/reinsurance, particularly in MGA capacity placement, treaty reinsurance, and fronting arrangements

• Experience in reviewing and negotiating Program Administration Agreements along with related legal/commercial terms

• Proven history in structuring and negotiating reinsurance treaties, including quota share, XOL, and funds withheld

• Strong existing relationships with reinsurers, fronting carriers, and/or participants in the Lloyd's market

• Familiarity with E&S market dynamics and the economics of MGA platforms

• Exceptional negotiation, communication, and executive presence skills

• Bachelor’s degree is mandatory

• An advanced degree or industry designation such as ARe or CPCU is advantageous

🏝️ Benefits

• Reasonable accommodation throughout the recruitment and employment process

• Equal opportunity employment and non-discrimination protections