Vice President, Captive Manager

Relmis the only specialty insurer dedicated to supporting the world’s most innovative industries.

Whetherit’swithstartupsharnessing zero-gravity conditions on the ISStomanufacture blindness-curing retinas,global crypto exchanges democratizing crypto trading,orbiotech pioneers using gene-editing technology to advance personalized medicine,Relmworks lockstep with innovators to understand and underwrite businesses shaping the future.

Relm’steamoperatesout of offices in London, New York, Dubai, Miami, Bermuda,executingmarket-leading insurance solutions for companiesoperatingindigital assets andweb3, AI, the space economy, financial technology, biotech, and more.

Where regular insurers look backwards,Relmdifferentiates by looking ahead. Weoperateat the forefront of innovative industries by hiring curious minds with deep sector experience.

To continue helpingbusinessesbuild the future, we needallofour team memberstodemonstratecuriosity, creativity, courage, and optimism. We need them to be accountable for ideationbutableto execute collaboratively. In short: we hire people whose inquisitive minds help them break ground.

The VP, Captive Manage r is responsible for overseeing the management and operation of captive insurance solutions within Relm Insurance. This role requires a combination of strategic thinking, strong technical experience and expertise in insurance and reinsurance using captives, and strong client relationship management skills. The Captive Manager will serve as the primary liaison between the company and its clients, ensuring that all regulatory and business requirements are met, the captives operate efficiently, and deliver optimal value.

• Serve as the main point of contact for clients utilizing captive insurance solutions.
• Develop and maintain strong relationships with clients, understanding their needs and providing tailored insurance solutions.
• Facilitate regular communication with clients, including providing updates on captive performance, regulatory compliance, and strategic opportunities.
• Support clients in evaluating their risk management strategies and identifying ways the captive can enhance their overall risk management program.
• Oversee the day-to-day operations of captives, including underwriting, claims management, and financial reporting.
• Coordinate with internal and external stakeholders to ensure timely and accurate completion of financial statements, regulatory filings, and other compliance requirements.
• Collaborate with actuaries, auditors, tax advisors, and legal counsel to ensure captives operate within all applicable regulations and best practices.
• Develop annual business plans and budgets for captive entities, ensuring alignment with client and company objectives.
• Ongoing review, update, development and implementation of policies and procedures to ensure the organization remains compliant with local regulatory requirements and industry best practices governing captives, including financial reporting, solvency requirements, and corporate governance.
• Develop periodic management metrics/reports including key risk indicators (KRIs) and key performance indicators to identify, mitigate and elevate risks, deficiencies and potential breaches.
• Ensure that appropriate due diligence documentation is obtained and any required sanctions screening is performed prior to execution of agreement.
• Collaborate with Product development team to review and ensure that captive solutions offered align with BMA license conditions.
• Monitor incoming transfers and payments requests within captive cells to identify any transactions requiring escalation to Compliance.
• Collaborate with the business development team to promote captive insurance solutions to prospective clients.
• Provide insights and recommendations on captive formation, feasibility studies, and structuring options based on client needs and risk profiles.
• Identify opportunities to enhance the captive’s value proposition, including exploring reinsurance options, multi-line or multi-year structures, or portfolio diversification.
• Monitor the financial performance of captives, ensuring…