Captive Insurance Strategy Manager

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com, or follow us on LinkedIn and X.

Marsh Malta Captive Solutions is seeking candidates to manage insurance operations process under Captive Management / Risk Financing department based in Malta, St Julian’s.

What can you expect?

The Captive Insurance Strategy Manager shapes and advances the risk-financing strategy of client captive insurers and protected cell companies. The role partners with clients and Marsh stakeholders to design fit‑for‑purpose captive solutions, steer program optimization across underwriting, claims, reinsurance and capital, and ensure strong governance and regulatory outcomes. In addition to overseeing core captive insurance operations, the position drives insight-led advisory, value realization, and continuous improvement, acting as a senior technical and strategic advisor to captive boards and client leadership.

We will count on you to:

• Lead the development and ongoing refinement of multi‑year captive and risk-financing strategies aligned to clients’ risk appetite, balance sheet objectives, and broader enterprise risk management priorities.

• Provide strategic recommendations on program design optimization (coverage architecture, limits, retentions, exclusions, policy terms) and alternative risk financing options.

• Translate performance results into actionable insights: identify trends in loss experience, underwriting performance, pricing adequacy, and capital efficiency; recommend improvement initiatives.

• Act as a senior technical advisor to client decision makers, including CFO/Risk leadership and captive boards, communicating complex insurance topics clearly and credibly.

• Serve as a key point of contact for captive boards on technical matters, supporting board governance by shaping agendas, building board packs, and presenting strategic and performance updates.

• Define and maintain the captive service delivery framework (roles, SLAs, controls), ensuring consistent quality across all third-party providers.

• Lead cross-functional coordination with brokers, actuaries, auditors, claims administrators/TPAs, fronting insurers and legal counsel to deliver strategic outcomes and operational excellence.

• Own the captive claims governance framework , including claims strategy, large-loss oversight, reserving governance, and reporting standards.

• Partner with claims administrators/TPAs to improve cycle times, reduce leakage, strengthen litigation management and enhance data quality.

• Develop and execute the captive reinsurance strategy , including program structure, counterparty selection and placement approach.

• Partner with actuaries and finance stakeholders to assess capital adequacy , reserve sufficiency, premium allocation methodologies, and risk transfer effectiveness.

• Contribute to business development through client proposals, strategic presentations, and solution design for new captive prospects.

• Strengthen existing client relationships by proactively identifying expansion opportunities and measurable value delivered.

• Maintain and share market intelligence on captive domiciles, regulation, taxation, and industry trends; contribute to internal knowledge sharing and best practices.

• Drive continuous improvement and automation opportunities across captive management workflows, focusing on quality, scalability, controls, and client experience.

• Define KPIs and dashboards that connect operational activity to strategic outcomes (e.g., risk cost reduction, volatility management, capital efficiency).

What is in it for you:

• Career Development and Training Opportunities;

• Conducive Smart Office work environment;

• The opportunity to make the difference developing your career in the world’s largest insurance broker;

• Attractive benefits coverage, outstanding learning programs, mentoring opportunities, working in an international organization with the best and brightest people and colleagues;

• A company with a strong brand and strong results to match.

• A Hybrid working model

What you need to have:

• Bachelor’s degree in Risk Management, Insurance, Finance, Accounting, Actuarial Science, or a related discipline. Advanced degree or relevant professional qualification is a plus.

• 6+ years of relevant insurance experience, including 3+ years in captive management and/or alternative risk financing.

• Demonstrated experience advising stakeholders on insurance program design and improvement, with strong commercial judgment.

• Strong technical knowledge of underwriting, reinsurance, claims governance, reserving and statutory reporting.

• Experience coordinating and influencing external service providers (actuaries, auditors, counsel, TPAs, brokers) and internal stakeholders.

• Professional qualifications preferred (e.g., CPCU, ACII/FCII, ARM , or equivalent).

• Strong analytical and financial acumen; advanced Excel skills; familiarity with insurance management systems and reporting tools.

• Executive-level communication skills, including the ability to present clearly to boards and senior client stakeholders.

• Proven ability to lead initiatives end-to-end, manage priorities across multiple clients, and deliver outcomes under deadlines.

What makes you stand out

• Strategic advisory and commercial acumen

• Client relationship management and executive presence

• Governance, risk and regulatory awareness

• Stakeholder leadership and negotiation

• Analytical rigor and decision-oriented reporting

• Continuous improvement mindset

Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.