Head of Delegated Surety | London, UK (London)
Head of Delegated Surety | London, UK (London)

Head of Delegated Surety | London, UK (London)

London Full-Time 72000 - 108000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead and grow the Delegated Surety portfolio, developing strategies for profitable expansion.
  • Company: Join AXIS Capital, a global leader in specialty insurance and reinsurance with a strong ethical culture.
  • Benefits: Enjoy competitive benefits including medical plans, wellness programs, retirement plans, and tuition reimbursement.
  • Why this job: Be part of a top-tier team, driving innovation and making a real impact in the insurance industry.
  • Qualifications: 10+ years in the insurance industry, preferably in Surety, with proven leadership and strategic planning skills.
  • Other info: Office presence required 3 days a week; international travel may be necessary.

The predicted salary is between 72000 - 108000 £ per year.

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. How does this role contribute to our collective success? AXIS is seeking a Head of Delegated Surety to lead and grow an existing portfolio of business. The existing business operates within the Specialty Division of AXIS Global Markets, is highly regarded in the market and offers the successful candidate an exceptional opportunity to further develop the existing portfolio from a very strong base. The selected candidate will be responsible for the end-to-end success of the business and operating model. What will you do in this role?

  • Be the Head of Delegated Surety at Axis
  • Develop short, medium and long term underwriting strategies for continued profitable expansion of Delegated Surety, in line with corporate plans and goals, leveraging emerging technology and distribution models to improve efficiency, operating cost base and profitability.
  • Identify and attract additional staff in line with strategic goals. Organise and execute appropriate reporting lines and responsibilities to support strategic growth targets.
  • Maintain positive relationship development with key current and future clients and distribution partners, in order to maximise our opportunities with them.
  • Work with pricing, claims, reserving, finance, operations and CUO functions to maintain regular and accurate management reporting.
  • Maintain management responsibility for underwriting, incorporating adequate authority, peer review and referral procedures in line with corporate strategies and in conjunction with U/W support division.
  • Manage underwriting strategy and culture to ensure that conduct risk and treating customers fairly is a focus underpinning the operation of the delegated Surety business.
  • Act as FA&S focal point for Ceded Re in respect of outwards reinsurance purchasing
  • Actively support all areas as required to further our Global Markets Growth strategies.
  • Be prepared to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You: We encourage you to bring your own experiences and expertise to the table, so while there are some qualifications and experiences we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals. What you need to have: Significant insurance industry experience, preferably in the London Market, ideally with at least 10 years of experience in the Surety market with class leading knowledge of the Surety product suite, and wide-ranging contacts at both clients and brokers. Proven track record of developing and managing high performing teams in either a broking or underwriting environment alongside demonstrable experience of strategic business planning and plan execution. Experience in building strong and effective relationships with colleagues and other leaders within AXIS, and a proven ability to win the confidence of business partners and an ability to influence outcomes. Excellent written and verbal communication and negotiation skills. Strong attention to detail and an ability to plan effectively and prioritise workload. What we prefer you to have: Relevant academic, business and insurance qualifications: Experience and knowledge of other Insurance Classes of business, especially those aligned to Surety. Experience and knowledge of underwriting or broking Surety business in other, non-London Market geographies. Role Factors: In this role, you will typically be required to: Be team orientated but confident with strong inter-personal skills; An ability to think independently and use initiative to find solutions to business related challenges; Be in the office at least 3 days per week; Be prepared to travel internationally. What we offer: You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

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Head of Delegated Surety | London, UK (London) employer: AXIS Capital

AXIS Capital is an exceptional employer that fosters a dynamic and inclusive work environment in the heart of London. With a strong emphasis on employee growth, we offer comprehensive benefits including health and wellness programmes, retirement plans, and tuition reimbursement, ensuring our team members are well-supported both personally and professionally. Join us to be part of a disciplined and entrepreneurial culture where your contributions are valued and you can thrive in your career while making a meaningful impact in the insurance industry.
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Contact Detail:

AXIS Capital Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Delegated Surety | London, UK (London)

✨Tip Number 1

Network within the London insurance market. Attend industry events, seminars, and conferences where you can meet professionals in the Surety space. Building relationships with key players can give you insights into the role and potentially lead to referrals.

✨Tip Number 2

Familiarise yourself with AXIS Capital's corporate culture and values. Understanding their commitment to inclusivity and ethical practices will help you align your approach during interviews and discussions, showcasing that you are a good fit for their team.

✨Tip Number 3

Stay updated on emerging technologies and distribution models in the insurance sector. Being knowledgeable about how these innovations can improve efficiency and profitability will demonstrate your strategic thinking and readiness to contribute to AXIS's growth.

✨Tip Number 4

Prepare to discuss your experience in developing high-performing teams. Be ready to share specific examples of how you've successfully managed teams in broking or underwriting environments, as this is crucial for the Head of Delegated Surety role.

We think you need these skills to ace Head of Delegated Surety | London, UK (London)

Insurance Industry Expertise
Delegated Surety Knowledge
Strategic Business Planning
Team Leadership
Relationship Management
Negotiation Skills
Communication Skills
Attention to Detail
Project Management
Analytical Skills
Influencing Skills
Problem-Solving Skills
Knowledge of Underwriting Procedures
Experience in the London Market
Cross-Functional Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your significant insurance industry experience, particularly in the Surety market. Emphasise your track record of developing high-performing teams and strategic business planning.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at AXIS Capital. Discuss how your individual experiences align with their corporate culture and goals, and mention specific examples of your achievements in the insurance sector.

Showcase Communication Skills: Since excellent written and verbal communication skills are crucial for this role, ensure that your application is free from errors and clearly articulates your thoughts. Use concise language and professional tone throughout.

Highlight Relationship Management: Demonstrate your ability to build strong relationships with clients and colleagues. Include examples of how you've successfully influenced outcomes and maintained positive relationships in previous roles.

How to prepare for a job interview at AXIS Capital

✨Showcase Your Industry Knowledge

Make sure to demonstrate your extensive knowledge of the Surety market and the insurance industry as a whole. Prepare specific examples of how your experience aligns with AXIS Capital's goals and values, particularly in relation to developing underwriting strategies.

✨Highlight Team Leadership Skills

Since the role involves managing high-performing teams, be ready to discuss your leadership style and provide examples of how you've successfully developed and motivated teams in previous roles. This will show that you can foster an inclusive and productive work environment.

✨Prepare for Relationship Building Questions

AXIS values strong relationships with clients and partners. Be prepared to share instances where you've built and maintained successful relationships in your past roles, and how these have contributed to business success.

✨Demonstrate Strategic Thinking

The role requires strategic business planning and execution. Come equipped with ideas on how you would approach the growth of the Delegated Surety portfolio, including leveraging technology and improving efficiency. This will showcase your proactive mindset and alignment with the company's objectives.

Head of Delegated Surety | London, UK (London)
AXIS Capital
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