Group Head of Reinsurance and Capital

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves over 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

PURPOSE

• A senior enterprise leadership role accountable for FWD Group's reinsurance strategy, capital management and regulatory capital framework. The role provides strategic leadership on complex reinsurance and capital initiatives, driving capital efficiency, financial resilience and sustainable value creation across the Group, while maintaining strong governance, disciplined risk-taking and trusted engagement with regulators and key stakeholders.

KEY ACCOUNTAIBILITIES

1. Group reinsurance strategy and governance 

• Define and execute the Group-wide reinsurance strategy, aligned with business priorities, risk appetite and capital objectives. 
• Set Group standards for retention, risk limits, governance, delegated authorities and treaty management. 
• Review and approve financial, material and non-standard reinsurance arrangements; escalate where required. 
• Build Group-wide reinsurance capability and provide expert guidance to BUs. 

2. Reinsurance solutions and execution 

• Originate, structure, negotiate and execute complex reinsurance solutions, including capital, earnings, legacy and protection capacity transactions. 
• Lead commercial negotiations with reinsurers, including economics, contractual protection, collateral, counterparty safeguards and execution certainty. 
• Drive cross-BU optimisation and Group purchasing power, including HNW and capacity-constrained opportunities. 
• Partner with Group Actuarial and BUs to improve product economics, pricing, underwriting support and capacity access. 

3. Reinsurance portfolio, internal structures and operations 

• Lead internal reinsurance, captive and alternative risk-transfer structures, from design and set-up through ongoing management. 
• Oversee portfolio cost, value, risk, capacity, counterparty exposure and performance; initiate corrective actions where required. 
• Manage strategic relationships with key reinsurers to improve terms, capacity, innovation and market insight. 
• Set minimum standards for treaty administration, claims recoverability, data, reporting and operational controls. 

4. Group capital reporting and regulatory governance 

• Own GWS regulatory capital reporting and Group consolidation, including forecasts, solvency monitoring and regulatory submissions. 
• Own GIECA methodology, calibration, production, validation and related regulatory reporting. 
• Lead ICS readiness and reporting, including methodology, impact assessment and implementation across Group and BUs. 
• Provide actuarial input to ORSA, stress and scenario testing, and present capital results and outlook to management, committees, the Board and regulators. 

5. Capital strategy, optimisation and regulatory engagement 

• Lead Group and BU capital optimisation initiatives, integrating actuarial, reinsurance, finance, risk and treasury perspectives. 
• Advise senior management on capital structure, fungibility, dividend capacity, funding constraints and capital allocation. 
• Link reinsurance and capital management to deliver sustainable economics, resilience and strategic flexibility. 
• Shape GWS, GIECA and ICS policy positions; lead regulatory engagement, external review and relevant industry advocacy. 

6. Enterprise leadership, people and governance 

• Lead and develop a high-performing, cross-border Reinsurance and Capital team with strong technical depth and execution discipline. 
• Contribute to leadership of Group Actuarial alongside the Group Chief Actuary and other pillar heads. 
• Partner with Group and BU leadership across Business and Functions.
• Represent or deputise for the Group Chief Actuary at relevant executive, capital, risk, audit and Board forums; act within delegated authorities

QUALIFICATIONS / EXPERIENCE

• 15+ years insurance experience in actuarial and/or risk management functions
• Fellowship member of an internationally recognised actuarial professional body

KNOWLEDGE & TECHNICAL SKILLS

• Deep understanding of financial reporting, regulatory and economic capital
• Strong leadership and ability to delegate effectively into teams
• Working knowledge of applicable laws, regulations, rules, codes of conduct
• Strong communication and influencing skills
• Team management and leadership