What are the responsibilities and job description for the Vice President of Insurance Investments – Structured Credit position at Leon Capital Group?
About Bastion Reinsurance:
Bastion Reinsurance is a capital-backed reinsurance platform supported by Leon Capital Group (LCG). The platform is built to deploy institutional capital across reinsurance and insurance-aligned investment strategies with a focus on capital efficiency, regulatory discipline, and durable portfolio construction.
Bastion Reinsurance combines reinsurance expertise with investment rigor to create a platform optimized for balance-sheet performance, ratings integrity, and long-term capital stewardship.
Position Overview:
The Vice President of Insurance Investments – Structured Credit will lead Bastion Reinsurance’s insurance-aligned investment strategy, with primary responsibility for portfolio management and oversight, including structured credit, CLO oversight, fixed income portfolio construction, and capital optimization.
This role requires deep experience investing insurance and reinsurance capital, with a strong understanding of regulatory capital, liquidity, duration, and ratings considerations.
The role is designed as a hands-on senior investor position, not a multi-team CIO role.
Key Responsibilities:
Structured Credit & CLO Strategy:
- Lead structured credit and CLO design, construction, and portfolio strategy.
- Evaluate tranche structures, capital stacks, and insurance suitability.
- Apply actuarial and balance-sheet thinking to underwriting and portfolio construction.
RBC Management & Capital Optimization:
- Own Risk-Based Capital (RBC) strategy, monitoring, and rebalancing.
- Assess portfolio-level RBC implications across:
- Structured credit and CLOs
- Private and specialty credit
- Fixed income and insurance-linked assets
- Real estate loans and equity
- Optimize capital efficiency and returns while maintaining regulatory discipline.
Fixed Income Strategy & Manager Oversight:
- Define a fixed income strategy aligned with reinsurance liabilities.
- Oversee external asset managers where appropriate.
- Maintain discipline around duration, liquidity, credit quality, and capital charges.
Cross-Functional Partnership:
- Partner closely with structuring, actuarial, and regulatory stakeholders.
- Ensure investment decisions align with regulatory and ratings frameworks.
Qualifications:
- 10 years in insurance asset management, structured credit, or CLO investing.
- Direct experience managing insurance or reinsurance portfolios.
- Strong understanding of RBC, liquidity, duration, and capital charges.
- Prior experience at an insurance-focused asset manager, insurer investment team, or structured credit platform.
- Comfortable operating as a senior IC.
Why This Role Matters:
This role directly shapes Bastion Reinsurance’s ability to deploy capital efficiently while preserving regulatory discipline and ratings integrity across market cycles.