Head of Marine Underwriting

Job Title: Head of Millstream Marine & Senior Underwriter

Location:

London

Reports To:

Head of Aviation, Space and Marine

Job Summary:

The Head of Marine Underwriting is primarily responsible for setting the strategy, securing the capital and leading the underwriting of Millstream marine business on behalf of B&B Europe through their chosen platforms. Also responsible to B&B, Underwriting capacity and other stakeholders for the management of Binder (s) and the daily management of the MM business.

This is a fantastic opportunity to join a growing business, with the opportunity to help drive the business forward over the coming years.

• The professional operation of the MM business in line with the agreed strategy and plan
• Securing and retaining underwriting capital
• Developing the MM business in line with the strategic requirements of the company
• Recruiting, retaining, leading and developing the MM team
• Developing and maintaining relationships with Clients, brokers and capacity providers
• Representing B&B / MM / Nexus Underwriting to external stakeholders
• Develop, implement and maintain processes for risk analysis and the underwriting of business in line with agreed business strategies
• Determine whether to provide cover and at what price in line with established processes and in the best interests of the Agency, capacity providers and other stakeholders
• Liaise and negotiate with brokers to secure new and renewal business
• Ensure business activities are performed in compliance with BAAs and wider market regulations
• Manage the claims process from initial advice to settlement and make recommendations to capacity providers and brokers

Strategic Development:

• Agree the strategic approach to the marine business with senior management
• Agree and implement business plans and regularly and clearly report on achievement against plan
• Maximise revenues against plan while operating to agreed expenditure budgets
• Take all reasonable steps to deliver the agreed plan and monitor and report risks and issues effecting the delivery
• Work with binder / reinsurance brokers to maintain sufficient underwriting capacity to deliver the business plan targets
• Contribute to developing and delivering the strategy and development of the wider business

Leading the team:

• Ensure the efficient operation of the team in delivering high quality service to brokers and capacity providers
• Attract and retain talented team mates
• Manage the MM team and encourage their ongoing development
• Conduct business relationships in a professional manner conducive with the values of the company
• Build productive working relationships with the other members of the B&B / Nexus Underwriting team
• Develop and maintain positive relationships with brokers and distribution partners
• Interface with and work in the best interest of capacity providers and key investors
• Represent the company to the Industry, regulators, clients and other related stakeholders

Skills required:

• In-depth understanding of the operation of the (re)insurance markets and Marine sector
• In-depth understanding of the underwriting process
• Knowledge of market wordings and clauses
• Strong client liaison and business development skills
• Strong interpersonal skills
• Demonstrated ability to lead a team
• General knowledge of business operations and administration
• Analytical thinking and numeracy