At a Glance
- Tasks: Lead the Wholesale MGA business, driving strategy and product solutions for Aon's clients.
- Company: Aon is a global leader in risk management, helping clients make better decisions.
- Benefits: Enjoy flexible working options, two Global Wellbeing Days, and a supportive, inclusive culture.
- Why this job: Join a dynamic team with growth potential and a focus on digital innovation in the insurance market.
- Qualifications: Experience in underwriting, multi-line portfolio management, and strong communication skills are essential.
- Other info: Aon values diversity and offers reasonable accommodations for individuals with disabilities.
The predicted salary is between 72000 - 108000 £ per year.
Head of Wholesale MGA, Aon Underwriting Managers (AUM)
We are looking for an expert business leader for an established MGA with significant growth potential. The Wholesale MGA business remit is to design and complete a strategy to provide product and distribution solutions for Aon's clients using Aon's wholesale distribution channels, principally through London's Global Broking Centre. The successful candidate will be someone with a growth mindset, experience in crafting and delivering sustainably profitable portfolios to carrier and capital partners and has a strong digital ambition for the market place. As a member of the AUM Exec team the role includes responsibilities in support of the wider AUM business in delivering market winning client value and a great colleague experience. Aon is in the business of better decisions At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed. About AUM AUM is a well-established, vibrant and successful in-house MGA business with a focus on underwriting a broad range of fully delegated, tracker and follow-form facilities for Aon commercial clients worldwide. AUM's primary distribution channels are Aon's wholesale and global retail broking networks with options to use third party networks and white-label branding where appropriate to do so. Operating within the UK regulated environment, AUM partners with Lloyd's and Company Market capital providers with the aim of underwriting sustainably profitable portfolios for carrier partners whilst delivering best in class solutions for clients and brokers. What the day will look like As a member of the AUM Executive Leadership team there are responsibilities across the business to ensure the best outcomes for our stakeholders. Carrier management, broker engagement, product design, business case review, supporting colleague development; this is a senior management role with broad influence. The commercial focus of the role is as the leader for Wholesale MGA business which benefits from some established products already and with phenomenal growth potential to respond to client requirements and technological change. Key stakeholders will be Aon's Global Broking Centre leaders, Lloyds and Company markets in London and an understanding of how the US and EMEA market operates. The role will be supported by a leadership team, and underwriting, claims, exposure management and actuarial capabilities. An important part of the role will be to help set and drive forward our digital underwriting capability to include the use of current and emerging technologies. Aon Client Leadership
- Helps set the growth strategy
- Manage the business and monitor existing portfolio performance, identify emerging risks, and recommend necessary adjustments.
- Collaborates with Global Broking Centre and Global Commercial Risk leaders to develop existing delegated facilities and new facilities
- A key partner in driving through our digital and algorithmic underwriting ambition
- Collaborates with internal teams and third-party partners (e.g.,carriers) to ensure the best product solutions
People Leadership
- Role model's teamwork, collaboration, integrity and respect to deliver the best of our firm to our clients.
- An inclusive and experienced commercial leader with an emphasis on providing an outstanding colleague experience
- Retain, develop, and attract versatile individuals in line with business plans,
- Develops and supports team members in the achievement of their objectives through coaching and mentoring
- Fosters an environment in which all employees are valued and heard.
Governance and Compliance
- Leads by example by ensuring own activity aligns with regulatory requirements and business procedures
- Be responsible for the underwriting process for the business and that they are effectively conducted in line with carrier partner expectations, relevant legal and regulatory requirements and Aon policies, values and behaviours
- Encourages colleagues to be actively involved in addressing governance and compliance development areas
Skills and experience that will lead to success
- Market experience, in short or long tail business, with underwriting experience preferred
- Multi line portfolio management experience
- In-depth knowledge of Lloyd's market dynamics, regulatory environment, and industry trends.
- Experience in exposure management and aggregate controls
- Experience in the operation of delegated authorities
- A change agent with a desire to modernise
- Strong social and communications skills to lead a complex stakeholder network
- Builds and leads inclusive and diverse teams
- Motivates and inspires others, creating an environment for continuous learning and connection
- Strong governance and regulatory skill
How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on ReasonableAdjustments@Aon.com Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. #LI-SS2#LI-HYBRID
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Head of Wholesale MGA | London, UK (London) employer: Aon Corporation
Contact Detail:
Aon Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Wholesale MGA | London, UK (London)
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those familiar with the Lloyd's market. Attend industry events or webinars to connect with potential colleagues and stakeholders who can provide insights into the role and company culture.
✨Tip Number 2
Familiarise yourself with Aon's current products and services, particularly those related to the Wholesale MGA business. Understanding their offerings will help you articulate how your experience aligns with their growth strategy during discussions.
✨Tip Number 3
Demonstrate your digital ambition by staying updated on emerging technologies in underwriting. Consider sharing relevant articles or insights during conversations to showcase your knowledge and enthusiasm for innovation in the industry.
✨Tip Number 4
Prepare to discuss your leadership style and how you foster inclusive teams. Think of specific examples where you've successfully developed talent or improved team dynamics, as this aligns with Aon's emphasis on colleague experience and teamwork.
We think you need these skills to ace Head of Wholesale MGA | London, UK (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, portfolio management, and digital transformation. Use specific examples that demonstrate your ability to lead teams and drive growth in a similar environment.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your background aligns with Aon's goals, particularly in terms of digital ambition and sustainable profitability. Be sure to mention your leadership style and commitment to inclusivity.
Highlight Relevant Skills: Emphasise your knowledge of Lloyd's market dynamics and regulatory environments. Include any experience you have with exposure management and aggregate controls, as these are crucial for the role.
Showcase Your Leadership Experience: Provide examples of how you've successfully led diverse teams and fostered an inclusive work environment. Mention any coaching or mentoring experiences that demonstrate your commitment to colleague development.
How to prepare for a job interview at Aon Corporation
✨Showcase Your Growth Mindset
As the role requires a growth mindset, be prepared to discuss examples of how you've driven growth in previous positions. Highlight your ability to adapt and innovate in response to market changes.
✨Demonstrate Digital Ambition
Since the position involves driving digital underwriting capabilities, come equipped with ideas on how technology can enhance the business. Discuss any relevant experience you have with digital tools or platforms.
✨Understand Market Dynamics
Familiarise yourself with Lloyd's market dynamics and regulatory environments. Be ready to discuss current trends and how they might impact Aon's strategies, showcasing your industry knowledge.
✨Emphasise People Leadership Skills
This role is about leading diverse teams, so prepare to share your experiences in team development and collaboration. Highlight how you've fostered an inclusive environment and supported colleagues in achieving their goals.