Underwriting Managing Director
Pacific Life- Full Time
- Expert & Leadership (9+ years)
Candidates must possess 10+ years of experience in reinsurance broking (origination roles), P&C ILS origination, or investment banking or strategic advisory experience with insurance and reinsurance companies, an extensive network with insurance/reinsurance company executives, in-depth knowledge of PC insurance and reinsurance, a strong understanding of casualty risks, and familiarity with insurance-linked securities or structured finance products, as well as an understanding of re/insurance company capital models.
The Managing Director, Business Development will lead business development with insurance/reinsurance companies to source casualty ILS transactions, work with Actuarial and Capital Markets teams to oversee the transaction process from pitch to execution, actively participate in marketing, transaction due diligence, and term negotiations leading to transaction closing, and communicate complex concepts concisely.
Investment platform for insurance-linked securities
Ledger Investing operates in the insurance-linked securities (ILS) market, providing a platform for qualified investors to invest in securities tied to insurance risks. These investors typically include institutional buyers like banks, hedge funds, and pension funds. The company focuses on private placements of securities, which are sold directly to investors rather than through public exchanges, allowing for unique investment opportunities not found in traditional markets. However, these investments come with a high level of risk and potential for significant losses. Ledger Investing facilitates transactions between insurers and investors, offering tools and information to help investors make informed decisions without providing specific investment recommendations. The investments are considered risky and illiquid, making them suitable only for those who can afford to lose their entire investment and do not require quick access to cash.