Description
We are seeking a senior enterprise leader to oversee FWD Group's reinsurance strategy, capital management, and regulatory capital framework.
The successful candidate will provide strategic leadership on complex reinsurance and capital initiatives, driving capital efficiency, financial resilience, and sustainable value creation across the Group.
Key Accountabilities:
Group Reinsurance Strategy and Governance
- Define and execute the Group-wide reinsurance strategy, aligned with business priorities, risk appetite, and capital objectives.
- Set Group standards for retention, risk limits, governance, delegated authorities, and treaty management.
- Review and approve financial, material, and non-standard reinsurance arrangements; escalate where required.
- Build Group-wide reinsurance capability and provide expert guidance to business units.
Reinsurance Solutions and Execution
- Originate, structure, negotiate, and execute complex reinsurance solutions, including capital, earnings, legacy, and protection capacity transactions.
- Lead commercial negotiations with reinsurers, including economics, contractual protection, collateral, counterparty safeguards, and execution certainty.
- Drive cross-business unit optimisation and Group purchasing power, including HNW and capacity-constrained opportunities.
- Partner with Group Actuarial and business units to improve product economics, pricing, underwriting support, and capacity access.
Reinsurance Portfolio, Internal Structures, and Operations
- Lead internal reinsurance, captive, and alternative risk-transfer structures, from design and set-up through ongoing management.
- Oversee portfolio cost, value, risk, capacity, counterparty exposure, and performance; initiate corrective actions where required.
- Manage strategic relationships with key reinsurers to improve terms, capacity, innovation, and market insight.
- Set minimum standards for treaty administration, claims recoverability, data, reporting, and operational controls.
Group Capital Reporting and Regulatory Governance
- Own GWS regulatory capital reporting and Group consolidation, including forecasts, solvency monitoring, and regulatory submissions.
- Own GIECA methodology, calibration, production, validation, and related regulatory reporting.
- Lead ICS readiness and reporting, including methodology, impact assessment, and implementation across Group and business units.
- Provide actuarial input to ORSA, stress, and scenario testing, and present capital results and outlook to management, committees, the Board, and regulators.
Capital Strategy, Optimisation, and Regulatory Engagement
- Lead Group and business unit capital optimisation initiatives, integrating actuarial, reinsurance, finance, risk, and treasury perspectives.
- Advise senior management on capital structure, fungibility, dividend capacity, funding constraints, and capital allocation.
- Link reinsurance and capital management to deliver sustainable economics, resilience, and strategic flexibility.
- Shape GWS, GIECA, and ICS policy positions; lead regulatory engagement, external review, and relevant industry advocacy.
Enterprise Leadership, People, and Governance
- Lead and develop a high-performing, cross-border Reinsurance and Capital team with strong technical depth and execution discipline.
- Contribute to leadership of Group Actuarial alongside the Group Chief Actuary and other pillar heads.
- Partner with Group and business unit leadership across Business and Functions.
- Represent or deputise for the Group Chief Actuary at relevant executive, capital, risk, audit, and Board forums; act within delegated authorities.
Qualifications / Experience:
- 15+ years of insurance experience in actuarial and/or risk management functions.
- Fellowship member of an internationally recognised actuarial professional body.
Knowledge & Technical Skills:
- Deep understanding of financial reporting, regulatory, and economic capital.
- Strong leadership and ability to delegate effectively into teams.
- Working knowledge of applicable laws, regulations, rules, codes of conduct.
- Strong communication and influencing skills.
- Team management and leadership.