Job Description
The Manager, Ceded Reinsurance is responsible for leading the design, placement, execution, and administration of the company’s ceded reinsurance programs across all P&C lines of business. This role ensures the company maintains an optimal balance of risk retention, capital efficiency, and profitability while meeting regulatory, financial, and strategic requirements.
The successful candidate brings strong technical knowledge of Canadian P&C reinsurance markets, excellent analytical ability, and experience collaborating with internal actuarial, underwriting, claims, and finance teams, as well as external brokers and reinsurers.
What can you expect in this role?
Reinsurance Program Design & Placement
- Lead the annual design, structuring, and negotiation of treaty reinsurance programs across all business lines.
- Evaluate market capacity, pricing, and terms to optimize coverage and cost-effectiveness.
- Collaborate with brokers to secure best‑in‑market solutions.
- Analyze reinsurance performance, cost-benefit, and retention strategies to inform decisions.
- Prepare materials for program submissions, management review, and executive approval.
Program Administration & Governance
- Ensure compliance with OSFI guidelines and internal risk policies.
- Maintain complete and auditable documentation of reinsurance agreements and related processes.
- Monitor reinsurer security and capacity; maintain approved reinsurer lists.
Claims & Recoveries
- Work with Claims leadership to ensure timely identification, reporting, and recovery of reinsured losses.
- Resolve complex or disputed claims with reinsurers and brokers where required.
- Monitor catastrophe events and coordinate reporting to reinsurers.
Leadership & Stakeholder Management
- Lead and mentor a small team of analysts and specialists.
- Build strong partnerships with underwriting, actuarial, claims, and finance teams.
- Represent the organization in reinsurance meetings, audits, and market engagements.
- Contribute to strategic initiatives, including new product launches, risk appetite assessments, and catastrophe planning.
What do you bring to the role?
- 7+ years of progressive experience in ceded reinsurance, P&C actuarial, risk, or similar roles.
- University degree in business, actuarial science, mathematics, finance, or related field.
- Strong understanding of treaty and facultative reinsurance structures (quota share, surplus, excess of loss programs).
- Experience in the Canadian P&C regulatory environment (OSFI, provincial regulators).
- Proven analytical, negotiation, and financial modelling skills.
- Excellent communication, presentation, and relationship‑building abilities.
- CIP, CPA professional designations considered an asset
- Proficiency with reinsurance or finance systems considered an asset.
Key Competencies
- Strategic and analytical thinking
- Strong business and financial acumen
- Negotiation and relationship management
- Detail orientation and process discipline
- Leadership and coaching
- Ability to thrive in a fast‑paced, deadline-driven environment
Salary Range:$88,000 - $138,000
About Us
Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.
This position is being posted to fill an existing vacancy.
Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.
What’s in it for you?
- Hybrid work schedule for most roles
- Company share ownership program
- Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Go ahead and expect a lot — you deserve it.
It’s better here — but don’t take our word for it. Definity was named by Great Place to Work ® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting accessibility@economical.com.
Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).
#IND1
About The Team
Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.
