At a Glance
- Tasks: Lead and innovate in niche insurance markets like Motorsport and Equestrian.
- Company: Respected Lloyds Coverholder MGA with a strong reputation.
- Benefits: Career-defining role with autonomy, resources, and growth opportunities.
- Why this job: Shape the future of a successful division and make a real impact.
- Qualifications: Experience in General Insurance and leadership skills are essential.
- Other info: Join at a pivotal moment with fresh investment and appetite for growth.
The predicted salary is between 36000 - 60000 £ per year.
IDEX are currently partnered with an incredibly well established and respected Lloyds Coverholder MGA, who are in the market for a Head of Specialty to take leadership of a successful division, covering verticals such as Motorsport, Equestrian, Leisure and some HNW PL. Due to a recent acquisition, you will be joining at a pivotal moment for the business. This new chapter brings fresh investment and a huge appetite for growth across the board.
The Head of Specialty role is a fantastic opportunity to take the strategic lead on key divisions, shaping their future and driving their success. This hire forms a part of the company's succession plans and will be taking over from the existing incumbent.
This is a leading specialist MGA, which, over the last 20 years, has solidified its reputation for creating unique products in niche markets. They bring truly unique solutions into the market across verticals such as Motorsport, Equestrian and Leisure. With an already existing, sizeable footprint, this is an opportunity to take an already successful division to new heights.
What's in it for you:
This is a career-defining move for an ambitious Underwriting leader. It’s your chance to step into a pivotal leadership role and take complete ownership of the strategy for a crucial division. With the backing of the new investors, you will have the autonomy and resources to build, innovate and make a tangible impact. In short, if you’re a senior underwriting or product professional ready to move beyond day-to-day management and set the vision for a major part of a growing business, this is your platform.
About you:
You will operate in similar markets (Motorsport, Leisure, Equine, PL) and have a thorough understanding of the nuances within those verticals. This is critical as part of this role will be responsible for designing and setting the strategy, along with defining and managing the underwriting risk appetite. This isn’t about managing from afar, as such, experience leading, coaching and developing teams is essential. The successful candidate for this role will have a passion for leading from the front, being hands on with the team, and, on occasion, being the SME and single source of truth.
Key Responsibilities:
- Developing and executing the underwriting strategy for the divisions, taking full ownership of their profitability and long-term growth.
- Defining and managing the underwriting risk appetite, creating a clear and effective framework for your teams to make smart, profitable decisions.
- Leading, mentoring, and developing a high-performing team of underwriters, empowering them to achieve their full potential.
- Acting as a key voice and advocate for the business in the market, building and nurturing strong relationships with capacity providers, brokers, and industry bodies.
- Using your deep market insight to identify future trends, threats, and opportunities, helping to shape our overall product and pricing approach.
- Bringing significant experience in General Insurance (Personal or Commercial Lines) with a proven track record in strategy, pricing, or product management.
If you’d like a confidential conversation to find out more, contact Filip to find out more.
Head of Specialty - MGA employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Specialty - MGA
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant groups. The more people you know, the better your chances of landing that Head of Specialty role.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers or at networking events, share your insights on Motorsport, Equestrian, and Leisure markets. This will position you as a thought leader and make you stand out.
✨Tip Number 3
Be proactive! Don’t just wait for job postings to appear. Reach out directly to companies you admire, like the one we’re partnered with. Express your interest in the Head of Specialty role and showcase how you can add value.
✨Tip Number 4
Utilise our website! We’ve got loads of resources and job listings that can help you find the perfect fit. Plus, applying through us gives you a better chance of being noticed by hiring managers.
We think you need these skills to ace Head of Specialty - MGA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Specialty role. Highlight your experience in Motorsport, Equestrian, and Leisure markets, and showcase how you've successfully led teams and developed strategies in similar environments.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how your background aligns with our vision for growth. Be specific about your achievements and how they relate to the responsibilities outlined in the job description.
Showcase Your Leadership Style: We want to know how you lead! In your application, share examples of how you've mentored and developed teams in the past. Highlight your hands-on approach and how you've driven success through collaboration and empowerment.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. Plus, it gives you a chance to explore more about our company culture and values.
How to prepare for a job interview at IDEX Consulting
✨Know Your Niche
Make sure you brush up on the specifics of the Motorsport, Equestrian, and Leisure markets. Understanding the nuances within these verticals will show your potential employer that you're not just a generalist but someone who can lead and innovate in their specific areas.
✨Showcase Your Leadership Style
Prepare to discuss your leadership approach and how you've successfully developed teams in the past. Be ready with examples of how you've mentored underwriters and fostered a high-performing environment, as this role requires hands-on leadership.
✨Strategic Vision is Key
Think about the strategic direction you would take for the divisions. Be prepared to share your ideas on underwriting strategies and risk appetite management. This will demonstrate your readiness to take ownership and drive profitability.
✨Build Relationships
Highlight your experience in building strong relationships with capacity providers, brokers, and industry bodies. Discuss how you’ve leveraged these connections to benefit your previous employers, as this role will require you to be a key advocate in the market.