Head of Captives - Multinational Insurance Group

About the role

A confidential search is underway for a commercially driven and technically strong Head of Captives for a growing multinational insurance and reinsurance group operating across several jurisdictions. The role owns the growth and management of the Group's captive business, covering commercial performance, client relationships, technical oversight, operational delivery and governance. It reports to a Senior Group Executive and suits a senior captive or insurance professional looking to build the business.

Key responsibilities

• Develop and implement the captive business strategy and turn Group priorities into commercial and operational results.
• Identify, develop and convert new business opportunities; lead proposals, presentations and negotiations.
• Oversee the captive portfolio, structures, insurance and reinsurance arrangements and programme design, assessing new opportunities with technical specialists.
• Work with Underwriting, Actuarial, Finance, Claims and Legal to deliver captive solutions to a consistent standard.
• Act as a trusted senior partner to captive owners, client representatives and boards, overseeing service delivery and acting as escalation point for major matters.
• Drive client retention and growth through additional solutions.
• Oversee governance, internal controls, regulatory and licensing compliance, and operational, financial, regulatory and reputational risks; set and track KPIs.
• Lead and develop the captive management team and work across Panama, Barbados and other Group jurisdictions.

Required profile

• Significant senior-level experience in captive management, insurance, reinsurance or risk management.
• Demonstrable experience in captive structuring, portfolio oversight or comparable insurance and reinsurance programmes.
• Proven track record in business development, client relationship management and commercial performance.
• Experience working with boards, senior stakeholders and external advisers, and leading cross-functional or cross-jurisdictional teams.
• English and Spanish professional language proficiency.
• Nice to have: ACII, CPCU or equivalent; exposure to Latin American and Caribbean insurance markets; experience in a multinational group or growing a captive portfolio.