Insurance Executive

Company:

Marsh

Description:

Marsh Captive Solutions is the exclusive captive solutions division of Marsh. We offer industry-leading experience in captive program design and management, with captive professionals and offices throughout all the world’s major captive domiciles. Marsh Management Services Cayman is seeking candidates for the following position based in the Cayman office.

The Insurance Executive is responsible for handling technical insurance and reinsurance matters of a portfolio of Marsh Cayman clients, 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 and matters to ensure the delivery of high-quality service to clients, whilst providing technical insurance support to Marsh Cayman team colleagues. Provide insurance monitoring and control and ensures regulatory compliance. It is a consulting, advisory, and managerial position.

We will count on you to:

Reports to the SVP and CSL Insurance Leader

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; can speak with clients and prospects about matters that affect them

Interacts with regulators to support changes to clients’ business; serves as a technical resource for Marsh Cayman colleagues; discusses regulatory updates with clients; negotiates fees and management agreements; manages colleagues as required; performs other job-related duties as required

What you need to have:

Internationally recognized insurance and/or risk management qualification, such as A.C.I.I. or CPCU

Minimum of 7 years of (re)insurance experience, ideally including captive management

Minimum of 7 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

What makes you stand out:

Minimum of 3 years of recent supervisory or management experience preferred

Experience in an insurance regulatory environment preferred

Why join our team:

We help you be your best through professional development opportunities, interesting work and supportive leaders.

We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients and communities.

Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.