At a Glance
- Tasks: Lead the London Contingency portfolio and build strong broker relationships.
- Company: Join Tokio Marine HCC, a top global specialty insurer.
- Benefits: Competitive salary, dynamic work environment, and growth opportunities.
- Other info: Be part of an equal opportunity employer focused on professional development.
- Why this job: Make a real impact in a rapidly growing team with diverse challenges.
- Qualifications: London market experience and strong communication skills required.
The predicted salary is between 80000 - 100000 £ per year.
Reporting to: Managing Director – Specialty Group
Position Type: Permanent
Why Tokio Marine HCC?
Tokio Marine HCC is one of the world’s leading specialty insurers, recognised for its underwriting expertise, strong balance sheet, and disciplined approach to risk. The Contingency team underwrites a diverse global portfolio including event cancellation, film & television, parametric weather, non‑appearance, terrorism, and political risk.
The individual will have primary responsibility and take the lead role for the Contingency portfolio across the London market, whilst also helping to build out the international broker network including the group collaborations with Tokio Marine. They will also provide technical and strategic direction across the Contingency portfolio, while developing strong broker and market relationships and ensuring alignment with governance, compliance, and reinsurance requirements.
Job Purpose:
To lead the strategic growth and technical authority for the London market Contingency portfolio, ensuring profitable growth, disciplined risk selection, robust policy wordings, effective reinsurance support, and strong broker relationships.
Key Responsibilities:
- Underwriting Contingency Portfolio
- Technical pricing of Contingency risks including for Event Cancellation, Non-Appearance, Prize Indemnity, Parametric Weather and other miscellaneous contingent risks
- Focus on servicing brokers in London market, international broker network and TM offices globally
- Support efficient placement of risks utilizing Specialty Marketplace – assist the evolution of the portal to react to broker needs in terms of product development
- People Leadership & Team Oversight
- Manage and support development of underwriting capability, technical standards, and consistent underwriting practices of London Contingency team
- Contribute to performance management, coaching, and mentoring within the team.
- Reinsurance
- Provide oversight and technical input into Contingency reinsurance arrangements, including treaty structures, facultative placements, autofacs, and renewals.
- Support discussions around exposure, and aggregation with reinsurance partners and internal stakeholders.
- Work closely with Reinsurance, Compliance, and Senior Management to ensure appropriate risk transfer and capital protection.
- Policy Wording & Technical Governance
- Lead the drafting, review, and approval of policy wordings, endorsements, and exclusions for Contingency risks.
- Help resolve technical, legal, and jurisdictional issues where required.
- Ensure policy documentation is consistent, legally robust, and aligned with market practice and regulatory requirements.
- Act as escalation point for wording disputes, interpretation issues, and complex coverage questions.
- Exposure Management & Aggregation
- Oversee monitoring and management of accumulation and aggregation risk within the Contingency portfolio.
- Review exposure reports relating to geography, peril, and event concentration, including politically sensitive regions.
- Support internal and external reporting requirements relating to aggregate exposure and risk position.
- Ensure underwriting decisions appropriately reflect exposure limits and aggregation controls.
- Broker & Market Relationship Management
- Act as lead point of contact for key brokers and market partner in London market
- Communicate underwriting appetite, coverage positions, and market stance clearly and consistently.
- Maintain strong market presence and contribute to the firm’s reputation as a leading insurer of Contingency risks.
- Cross-Functional & Senior Stakeholder Engagement
- Work closely with Compliance, Finance, Catastrophe Modelling, Reinsurance, and Operations teams to support underwriting activity.
- Respond to senior management queries relating to underwriting decisions, exposure, and portfolio performance.
- Support governance processes, internal audits, and regulatory interactions as required.
- Contribute to internal initiatives aimed at improving underwriting discipline, efficiency, and controls.
Skills and Experience Specification:
Essential
- London Market Experience
- Degree level education (Ideally business or economics) and strong numeracy
- Well-developed IT skills
- Strong communication skills (verbal and written)
- Ability to work well within a team and build strong relationships with colleagues and clients
- Willingness to learn and work proactively
Desirable
- 5+ years experience in Contingency.
- A level Maths (or equivalent)
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer.
Head of London Contingency employer: HCC Service Co. UK Branch
HCC Service Co. UK Branch is an exceptional employer that fosters a collaborative and innovative work culture, empowering employees to drive impactful change in procurement practices. With a focus on professional development and a competitive benefits package, this role as Strategic Sourcing Leader offers the unique opportunity to influence enterprise-wide strategies while working alongside senior stakeholders in a vibrant and forward-thinking environment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of London Contingency
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We think you need these skills to ace Head of London Contingency
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at HCC Service Co. UK Branch.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HCC Service Co. UK Branch. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at HCC Service Co. UK Branch
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HCC Service Co. UK Branch to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at HCC Service Co. UK Branch, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding HCC Service Co. UK Branch's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
