Director/ AVP, Reinsurance

Tokio Marine Canada (TMCan) is a Canadian early-stage entrepreneurial commercial P&C insurer based in Toronto. We partner with select brokers to deliver tailored business insurance solutions across Canada. As part of the Tokio Marine Group, we are able to collaborate under a shared framework while maintaining autonomy and local decision making.

We support Canadian businesses in taking smart risks by delivering practical insurance solutions and exceptional service through trusted broker partnerships.

The Opportunity A driven, insightful, and collaborative Director/AVP, Reinsurance to support and further TMCan’s growth as it expands and diversifies its business. This role will work closely with the executive and senior leaders of TMCan in facilitating the execution of its reinsurance strategy in alignment with the risk transfer objectives of the company.

Further, this position will be responsible for coordinating and supporting all facets of TMCan’s significant reinsurance requirements inclusive of: Commercial Lines (property, casualty, commercial auto), Professional and Financial Lines (E&O, D&O, fidelity, cyber), Surety (contract, commercial and developer), Specialty Risk (warranty and fronting programs), and Group Originated Business (fronting for sister TM companies).

The role will require close collaboration with TMCan’s various reinsurance brokers, reinsurers and key internal stakeholders including line of business heads, legal and product, actuarial, finance, accounting, operations, claims and IT. The position is responsible for ensuring excellence in TMCan’s execution of its reinsurance placements ensuring the entire reinsurance process runs smoothly. This includes ensuring adequate data collection and capture necessary to help drive actuarially driven decisions around pricing and adequacy, benchmarking, and reporting to stakeholders.

This role requires a deep understanding of the reinsurance market, strong stakeholder management, and a proven track record in commercial insurance and reinsurance solutions.

What You’ll Be Doing Key Responsibilities

Collaborate with various leaders and stakeholders (both internal and external) in the analysis, marketing, placement, and administration of multiple reinsurance treaties that achieve the company’s risk transfer objectives for individual lines of business and across the portfolio.

Ensure consistency across all segments and lines of business with the company’s reinsurance approach.

Facilitate the buying process of the reinsurance risk transfer solutions for all TMCan’s lines of business.

Optimize available market capacity through treaty and through facultative reinsurance.

Support and coordinate the annual reinsurance renewal meetings & treaties, bringing the right people in at the right times.

Support TMCan’s Delegated Underwriting Authority (DUA) program leaders manage the renewal of treaties tied to DUA deals.

Manage reinsurance security and collateral requirements.

Respond to inquiries from reinsurers, reinsurance brokers and auditors

Facilitate preparation of renewal submissions, negotiating terms, and placing reinsurance coverage through brokers and reinsurers including coordinating draft reinsurance narratives and contracts in collaboration with business units and legal counsel.

Ensuring accuracy and adequacy in all facets of TMCan’s reinsurance buy with a goal to reduce or eliminate potential coverage gaps.

Identify opportunities for optimization or cost-efficiency in existing reinsurance arrangements.

Develop and maintain relationships with reinsurance brokers, reinsurers and underwriters.

Monitor market trends and provide input to help TMCan adjust its business plans to capitalize on emerging opportunities.

Ensure compliance with regulatory and statutory requirements, as required.

Support the Claims department with reinsurance recoveries.

Contract Wordings:

Coordinate with the Legal teams in ensuring reinsurance contract wordings and terms and conditions (interests and liabilities, exclusions, etc.) adequately protect TMCan.

Review reinsurance documents for completeness in accordance with negotiated terms and conditions.

Work with the Legal and Product teams as required on reinsurance protection for any new insurance products being developed to address evolving client and market needs

Finance, Accounting, and Actuarial:

Manage reinsurance reporting and accounting requirements.

Conduct reconciliations – ensure system correctness.

Work with Actuarial team on modeling exposures and benchmarking reinsurance pricing, stress testing.

Consult with the Actuarial leads regarding program evaluation, development, and enhancement of program-specific reinsurance placements.

Coordinate with actuarial on CAT/exposure analysis and on reinsurance treaty benchmarking.

Coordinate with Finance and Operations teams to ensure reinsurance programs and treaties are appropriately integrated with the company’s operations and meet company objectives, including technological implementation.

Collaborate with Finance and Actuarial to forecast subject premiums for each of our treaties and report on actual premiums versus forecasted premiums.

Governance, Compliance and Audits:

Ensure adherence to internal reinsurance policies policy.

Oversee facultative (FAC) certificates.

Oversee and maintain sign off documentation.

Who You Are You are a driven, insightful, and highly collaborative reinsurance leader with deep expertise across commercial P&C and specialty lines. You bring a strong understanding of treaty and facultative reinsurance structures, market dynamics, and risk transfer strategies, and have a proven track record of designing, placing, and executing reinsurance programs that support business growth and portfolio resilience.

A trusted partner to executive and senior leaders, you combine strategic thinking with hands‑on execution. You are comfortable navigating complex stakeholder environments, working closely with brokers, reinsurers, actuaries, finance, legal, and underwriting leaders to ensure reinsurance solutions are analytically sound, operationally effective, and aligned to risk and capital objectives. Detail‑oriented yet commercially minded, you thrive in a fast‑paced, collaborative organization and bring the credibility, judgment, and presence needed to influence at the highest levels.

You bring:

University Degree (preferred not required).

10 yrs+ of experience in insurance plus 5 minimum in reinsurance or similar role

Solid understanding of P&C reinsurance markets, treaty and facultative reinsurance structures, contract review and negotiations, regulatory frameworks, and ceded reinsurance accounting.

Experience leading reinsurance program design, analysis, placement, and execution specifically across various segments.

Excellent financial and reinsurance coverage acumen.

Executive presence and ability to communicate with, influence, and manage stakeholders, including C-level executives.

Highly developed analytical, decision-making, and strategic thinking skills with keen attention to detail and a passion for accuracy.

Strong leadership potential and business relationship skills to build trust and respect.

Positive can-do attitude and enjoys an atmosphere of cross-collaboration.

Proven ability to manage multiple priorities and meet deadlines, driving for results.

Proven ability to work independently as well as part of a team.

High level of organizational skills and attention to detail.

Ability to thrive in a consensus culture, team environment.

Advanced proficiency in Microsoft Office (Word, Excel, Power Point, Teams, and Outlook).

Excellent written and verbal communication skills (English) are required.

This posting is for an existing vacancy at Tokio Marine Canada. We are actively hiring for this position and encourage qualified candidates to apply.

Tokio Marine Canada may use AI tools during the recruitment process to assist with screening, assessment or selection of applicants for a position.

The anticipated salary range for this position is 135,000-170,000. Compensation may vary for roles in other regions to reflect local market conditions and currency differences.

At Tokio Marine Canada, our salary ranges are designed to reflect the skills, experience, and responsibilities required for each role while providing room for growth. For experienced professionals, offers are typically positioned near the midpoint of the range. The upper end of the range is reserved for individuals who consistently deliver exceptional performance and impact. Candidates who are newer to the role may start below the midpoint, with opportunities to progress as they develop. Final offer decisions take into account factors such as location, relevant experience, and individual skill set.

Life at Tokio Marine Canada At TMCan, we’re a relationship company. We value collaboration, innovation, and inclusion, where every voice matters and every team member makes an impact. We believe in flexibility, authenticity, and growth: because when our people thrive, so does our business.

Our

CARE

values guide everything we do:

Collaborative:

We communicate openly, support one another, and work as one team.

Achieving Excellence:

We challenge the status quo and exceed expectations.

Responsive:

We anticipate needs and deliver timely, exceptional service.

Ethical...