Head of Motor XoL Reinsurance

We are looking for an ambitious, hands‑on, qualified finance professional to be a key part of the Group Reinsurance team. This is a great opportunity to extend your knowledge within the Group's insurance businesses, be involved in key financial analysis, develop technical expertise and build relationships with senior management across Admiral Group, external advisors and reinsurers. Based in Admiral's Group Finance Team in Cardiff and reporting to the Group Head of Reinsurance, the individual will lead the design of Admiral's annual UK motor non‑proportional reinsurance programme, present formal recommendations to relevant governance Committees and Boards and subsequently take a leading role in the negotiation and placement process.

The role will require strong technical knowledge and collaboration with key internal stakeholders and external advisors to ensure that the recommended reinsurance programmes provide appropriate protection for the Group's balance sheet whilst supporting its growth aspirations and remaining cost effective.

• Develop, articulate and seek approval from relevant governance committees and Boards for the Group's risk appetite in relation to motor and casualty risk retention
• Collaborate with internal pricing, finance, actuarial and claims teams to assess exposure levels and developing trends
• Conduct market analysis to identify reinsurance capacity trends, pricing expectations, emerging market dynamics, and changes in individual reinsurer appetite
• Work with Finance, Reserving, Capital and Risk teams to assess the financial impact of different reinsurance structures on capital adequacy, earnings volatility, and solvency metrics
• With the assistance of the external brokers, lead the end‑to‑end design of the recommended annual motor non‑proportional reinsurance programmes, taking into account the features of existing proportional arrangements
• Lead the annual reinsurance renewal processes, ensuring that exposure data, renewal submission information and actuarial pricing work is accurate, timely, and comprehensive to facilitate an orderly and timely placement
• Ensure that all reinsurance arrangements meet relevant regulatory requirements and internal governance standards (including compliance with the Group Reinsurance policy)
• Build strong relationships with the Group's current and prospective panel of reinsurers
• Build strong relationships with Admiral's reinsurance broker(s), leverage their knowledge and skills to optimise the placement
• Provide guidance and challenge to other areas of the business as the Group's subject‑matter expert for motor and casualty risk and reinsurance, in particular in relation to internal capital model development, wider capital topics and ORSA stress and scenario testing
• Monitor reinsurance recoveries, reinsurer credit risk, and the performance of key counter parties
• Support other individuals across the Group on similar aspects across the UK and Europe, ensuring best practice and greater consistency in both thought process and execution
• Provide support and mentoring to other members of the Group Reinsurance team and wider Group Finance team. We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We're committed to fostering a people‑first culture where everyone is accepted, supported, and empowered to be brilliant.

• Qualified professional (FIA, ACII or equivalent) with a strong academic background
• Excellent commercial outlook with experience of producing detailed financial analysis and Board‑style reporting to senior stakeholders
• Excellent numerical and analytical skills with an understanding of exposure management, actuarial pricing concepts, and capital implications
• Experience in the insurance sector
• Excellent interpersonal skills and the ability to build strong collaborative working relationships including communicating insights effectively to key stakeholders
• Excellent numerical and analytical skills with an understanding of exposure management, actuarial pricing concepts, and capital implications
• This role requires regular travel to our Cardiff Office, London and also…