Insurance Capital-and-Liquidity Recovery Leader

The mandate

A severe catastrophe season produced claims cash demands, reinsurance recoverable timing gaps and collateral calls while an updated capital model changed entity surplus. Central forecasts assumed fungibility that local restrictions and dividend permissions did not support. The capital director resigned during regulator engagement, creating a fourteen-month executive gap to stabilise actions, complete the next planning cycle and prepare durable succession.

The interim leader will integrate capital sufficiency and liquidity executability across claims, reinsurance, investments, financing and legal entities. Work includes event cash ladders, recoverable timing, collateral and trust arrangements, asset liquidity, fungibility, management actions, risk appetite and board triggers. Actuarial and regulatory conclusions remain with qualified functions, but executive choices must use common scenarios and traceable authority.

A permanent capital executive must be appointed by month nine and command the second catastrophe exercise plus one entity-remittance decision. Handover requires the successor to challenge a recoverable assumption, choose between asset sale and secured liquidity, and defend group-versus-entity consequences. The transfer includes scenarios, triggers, regulator commitments, facility readiness, investment constraints, reinsurance dependencies and remaining model uncertainty.

The seat can direct capital planning, mobilise approved liquidity, set scenario and evidence standards, prioritise facility readiness, recommend underwriting or dividend constraints and stop transfers lacking entity proof. It cannot approve reserves, validate models, settle claims, interpret regulation, sign financing, change reinsurance terms, direct investments outside mandates or accept capital risk beyond appetite.

The remit excludes acting as chief actuary, chief risk officer, claims leader or permanent treasurer. Success means legal-entity and group actions reconcile, catastrophe cash is fundable, recoverable and collateral timing is explicit, facilities are executable and permanent leadership can act without assuming frictionless fungibility. Modelled capital unsupported by cash or transfer authority will not be presented as available resilience.

Why this seat is open

The catastrophe event exposed separation between actuarial capital views, treasury cash and entity permissions just as leadership departed. Regulators and the board require an accountable response before permanent recruitment can mature. Temporary executive authority is needed to align scenarios, make immediate funding choices and prove a successor through actual remittance and stress decisions.

What you will own

• Reconcile capital and liquidity by legal entity, currency, restriction, transfer route, timing, regulatory consent and accountable approval.
• Build catastrophe cash ladders across claims, recoverables, collateral, investments, tax, financing and operating needs.
• Challenge reinsurance receipt and collateral assumptions using contract, dispute, counterparty and operational evidence.
• Test management actions for feasibility, time, regulatory consent, market capacity, customer consequence and reversibility.
• Run exercises involving concurrent claims acceleration, recoverable delay, asset stress and entity-transfer restriction.
• Chair executive action decisions within delegation and escalate underwriting, dividend, financing and risk-appetite choices.
• Induct the successor through entity and liquidity decisions and transfer triggers, commitments and residual uncertainty.

Candidate qualifications

• Has led capital and liquidity for a multiline insurer through catastrophe loss and reinsurance timing stress.
• Understands solvency capital, legal-entity fungibility, claims cash, recoverables, collateral, asset liquidity and committed facilities through event and recovery timelines.
• Can challenge actuarial and model assumptions without displacing independent validation or reserve accountability.
• Has executed management actions under regulatory scrutiny and distinguished model availability from operational cash access.
• Has run catastrophe liquidity exercises that changed funding, reinsurance, investment allocation, claims preparation or entity-remittance readiness before storm season.
• Demonstrates handover to a permanent executive tested through live capital and stressed liquidity choices.

Non-negotiables

• Will work onsite in Sydney and attend all entity reviews and both catastrophe liquidity exercises.
• Must disclose relationships with insurers, reinsurers, banks, asset managers, actuaries and regulatory advisers.
• Brings insurer capital and cash command through catastrophe stress; planning-only experience is insufficient.
• Will not represent capital as fungible or liquid without evidence of entity authority, timing and executable route.

1. 49 words maximum. Which reinsurance assumption most often creates false confidence in catastrophe liquidity?
2. 49 words maximum. How would you compare an asset sale with secured funding during simultaneous market stress?
3. 49 words maximum. What entity decision must the permanent capital executive own before handover?