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.
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.
- 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
- 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
- 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
The business's operational epicentre is Whitechapel, London, though the Group CEO is flexible on where the successful candidate is based day‑to‑day.
CEO - Underwriting employer: IDEX Consulting
IDEX Consulting is an exceptional employer that fosters a collaborative and innovative work culture, ideal for professionals looking to make a significant impact in the field of international M&A and growth. With a strong emphasis on employee development, we offer numerous opportunities for career advancement and the chance to work alongside industry leaders in the vibrant setting of Greater London. Join us to be part of a forward-thinking team that values your expertise and encourages you to shape the future of corporate law.
