At a Glance
- Tasks: Lead the transformation of an MGA business, driving growth and innovation.
- Company: Dynamic insurance group with a mission to revolutionise the marketplace.
- Benefits: Competitive salary, substantial equity, car allowance, and performance bonuses.
- Other info: Flexible working location with excellent career advancement opportunities.
- Why this job: Be at the forefront of change in the insurance industry with significant impact.
- Qualifications: Proven entrepreneurial leader with experience in underwriting and business transformation.
The predicted salary is between 140000 - 150000 £ per year.
Location: London (flexible on candidate base)
Salary: Circa £140,000 - £150,000 + £8,000 car allowance + 30% bonus
Equity: Very substantial, seven-figure equity participation
The Business
Our client is an £80 million revenue, £22.5 million profit, 740-person insurance group with a genuine challenger positioning and a clear mission: to change the insurance marketplace for the better. Building out the group's MGA business is the number one strategic priority for the next three-year period, and the Group CEO is now seeking a Chief Executive to lead that transformation.
The MGA Today
- £45 million GWP
- Core lines: financial lines, non-standard commercial risks, and specialist private client products
- Strong, long-standing capacity relationships including AXA, Hiscox and Liberty
- Currently profitable and well-run, with a solid platform to build from
The Opportunity
This is a build-and-scale mandate. The successful candidate will lead the MGA through an ambitious three-year growth plan, targeting an increase from £45 million to £130 million GWP. Key elements of the strategy include:
- Merging two recently acquired businesses (currently trading separately) under a single new brand
- Designing and implementing a new technology platform to support scale
- Driving growth organically through existing and new product lines, and new underwriting teams
- Pursuing further bolt-on acquisitions
- Rebalancing distribution so that 75% of business is sourced through third-party brokers
- Leading a period of significant organisational and cultural change
The Role
This is a senior, board-level appointment. The successful candidate will:
- Report directly to the Group CEO
- Sit as a member of the Group Executive
- Take full P&L and operational ownership of the MGA business
- Be responsible for setting and executing strategy, not underwriting personally
- Build and lead a high-performing senior team through a period of rapid growth and integration
- Represent the MGA externally with brokers, capacity providers and the wider market
Candidate Profile
We are looking for a commercially-minded business leader, not an underwriter looking to step up. The ideal candidate will bring:
- A strong entrepreneurial track record, with the ability to build and scale a business, not just manage an existing book
- Genuine insight into underwriting and risk, with credible insurer-side (capacity) experience — this is not a role for a broker "masquerading" as an MGA leader
- Experience gained within an MGA, insurer, or composite provider is all of interest, provided the mindset is right — composite backgrounds are welcome
- A demonstrable track record of leading change and transformation, ideally including M&A integration, rebrand, or technology-led business transformation
- Strong stakeholder management skills, credible at Group Executive and Board level
- The gravitas and commercial acumen to build relationships with third-party brokers and capacity partners at a senior level
Compensation & Package
- Base salary: circa £140,000 - £150,000
- Car allowance: £8,000
- Bonus: up to 30%
- Equity: a very substantial, seven-figure equity opportunity forming a core part of the overall package
- Full benefits package in line with a group of this size
Location & Process
The business's operational epicentre is Whitechapel, London, though the Group CEO is flexible on where the successful candidate is based day-to-day. The process will begin with either an initial Teams call or a face-to-face meeting in London, at the candidate's preference.
How to Apply
This search is being handled on a retained and confidential basis. For a confidential discussion about this opportunity, please contact Ian at IDEX directly.
Chief Executive Officer - Underwriting in Slough employer: IDEX Consulting Ltd
IDEX Consulting Ltd is an excellent employer that values innovation and integrity, offering a dynamic work culture where compliance and operational excellence are at the forefront of business growth. With flexible working arrangements and a commitment to employee development, team members are empowered to shape processes and drive meaningful change within the insurance sector. Join us in a role that not only challenges you but also rewards your contributions in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Chief Executive Officer - Underwriting in Slough
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like IDEX Consulting Ltd). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like IDEX Consulting Ltd. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Chief Executive Officer - Underwriting in Slough
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 IDEX Consulting Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at IDEX Consulting Ltd. 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 IDEX Consulting Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at IDEX Consulting Ltd 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 IDEX Consulting Ltd, 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 IDEX Consulting Ltd'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.
