Novo Insurance - Manager - Reinsurance

Novo Insurance Broking Services is an IRDAI-licensed, fast-growing insurance broking company, offering innovative insurance and reinsurance solutions to corporates across industries. We are expanding our reinsurance vertical and looking for a Reinsurance Business Development Manager to drive growth and build strong relationships with clients and reinsurers.

Role Overview:

- The Reinsurance Business Development Manager will be responsible for generating new business opportunities, developing client relationships, managing reinsurance placements, and ensuring profitable growth of the reinsurance portfolio.

- The role requires a strong combination of sales acumen, technical knowledge of reinsurance products, and relationship management skills.

Key Responsibilities:

- Identify and develop new business opportunities in treaty and facultative reinsurance.

- Build and maintain strong relationships with insurers, reinsurers, and corporate clients.

- Understand client needs and design effective reinsurance solutions.

- Negotiate terms, pricing, and coverage with reinsurers to deliver optimal outcomes.

- Collaborate with internal broking, underwriting, and claims teams to support client requirements.

- Track market trends, competitor activities, and emerging opportunities in reinsurance.

- Achieve business development targets while ensuring compliance with IRDAI regulations.

Requirements:

- Postgraduate in Insurance, Finance, or related field (Insurance certifications like ACII, FIII preferred).

- 5-10 years of experience in reinsurance business development with a broker, insurer, or reinsurer.

- Strong understanding of reinsurance products, structures, and markets.

- Proven track record in client acquisition and relationship management.

- Excellent negotiation, communication, and presentation skills.