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- Tasks: Lead and grow a niche UK MGA, developing new products and distribution networks.
- Company: A well-established London-based Managing General Agent with a focus on profitable premium income.
- Benefits: Equity opportunity with potential for significant growth before 2030.
- Why this job: Join a dynamic team driving innovation in the insurance sector with strong industry relationships.
- Qualifications: Must have senior management experience in a UK MGA and possess entrepreneurial leadership skills.
- Other info: This role offers a chance to shape the future of the company and make a real impact.
The predicted salary is between 90000 - 126000 £ per year.
Having achieved a significant expansion of profitable premium income over recent years, this well-established London based Managing General Agent is to appoint a Managing Director in order to drive their growth objectives.
The existing management and shareholding team have focused on underwriting several niche UK risk profiles to date, whilst also establishing long term relationships with their supporting capacity providers. The new Managing Director of this MGA will be particularly responsible for growing the business to the next level.
In addition to leading the underwriting teams, you will create and develop new products and build distribution networks.
You will need to have successful senior management experience within a UK MGA, be entrepreneurial and a natural leader. It’s anticipated that an equity event will be closed before 2030.
Managing Director; UK Niche MGA (Equity opportunity) employer: IPS Group Ltd
Contact Detail:
IPS Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Managing Director; UK Niche MGA (Equity opportunity)
✨Tip Number 1
Network with industry professionals who have experience in managing general agents. Attend relevant conferences and events to meet potential contacts who can provide insights or even referrals for the Managing Director position.
✨Tip Number 2
Research the current trends and challenges within the UK MGA market. Being well-informed will not only help you in discussions but also demonstrate your commitment and understanding of the role's requirements.
✨Tip Number 3
Showcase your entrepreneurial spirit by preparing a brief outline of innovative product ideas or distribution strategies that could benefit the company. This proactive approach can set you apart from other candidates.
✨Tip Number 4
Engage with the existing management team if possible, to understand their vision and goals. This will help you align your leadership style and strategic thinking with their expectations, making you a more attractive candidate.
We think you need these skills to ace Managing Director; UK Niche MGA (Equity opportunity)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your senior management experience within a UK MGA. Focus on your achievements in driving growth, leading teams, and developing products that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, express your entrepreneurial spirit and leadership qualities. Discuss how your past experiences have prepared you to take the business to the next level and build distribution networks.
Showcase Relevant Achievements: Include specific examples of how you've successfully managed teams and grown businesses in the past. Quantify your achievements where possible, such as percentage increases in premium income or successful product launches.
Research the Company: Familiarise yourself with the company's history, values, and recent developments. This knowledge will help you tailor your application and demonstrate your genuine interest in the role and the company.
How to prepare for a job interview at IPS Group Ltd
✨Showcase Your Leadership Skills
As a Managing Director, demonstrating your leadership experience is crucial. Prepare examples of how you've successfully led teams in the past, particularly in a UK MGA context, and be ready to discuss your approach to motivating and developing talent.
✨Highlight Your Entrepreneurial Spirit
This role requires an entrepreneurial mindset. Be prepared to share instances where you've identified growth opportunities or developed innovative products. Discuss how you can apply this mindset to drive the company's growth objectives.
✨Understand the Niche Market
Familiarise yourself with the specific niche risk profiles that the company underwrites. Show your understanding of the market dynamics and how you can leverage this knowledge to enhance their offerings and build distribution networks.
✨Prepare for Strategic Discussions
Expect to engage in discussions about strategic growth and partnerships. Think about potential capacity providers and how you would approach building long-term relationships with them. Articulate your vision for the company's future and how you plan to achieve it.
