At a Glance
- Tasks: Lead and strategise marine underwriting while managing a dynamic team.
- Company: Join a growing business in the marine insurance sector based in London.
- Benefits: Negotiable salary with opportunities for professional growth and development.
- Other info: Collaborative environment with a focus on innovation and client relationships.
- Why this job: Make a significant impact in a thriving industry and drive business success.
- Qualifications: Experience in marine underwriting and strong leadership skills required.
The predicted salary is between 80000 - 100000 £ per year.
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.
Principal Duties / Responsibilities:
- 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
- Underwriting
- 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 affecting 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
- Stakeholder management
- 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
- Negotiation skills
For more information please apply online or contact Dan Hurley or Jack Boakes.
Head of Marine Underwriting in London employer: Nexus Underwriting
B&B Europe is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. As the Head of Marine Underwriting, you will not only lead a talented team but also have the opportunity to shape the strategic direction of the marine business, with ample support for professional growth and development. The company fosters a culture of inclusivity and excellence, ensuring that employees are well-equipped to succeed while enjoying a competitive salary and comprehensive benefits.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Marine Underwriting in London
✨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 Marine Underwriting role.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers or during interviews, make sure to highlight your in-depth understanding of the marine sector and underwriting processes. Let them see why you're the perfect fit!
✨Tip Number 3
Prepare for those tricky questions! Brush up on your negotiation skills and be ready to discuss how you've successfully managed teams and built relationships in the past. Confidence is key, so practice makes perfect!
✨Tip Number 4
Don't forget to apply through our website! We want to see your application and help you take the next step in your career. Plus, it shows you're serious about joining our team at B&B Europe!
We think you need these skills to ace Head of Marine Underwriting in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Marine Underwriting role. Highlight your experience in underwriting and any relevant achievements that align with the job description. We want to see how you can drive our marine business forward!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share your passion for the marine sector and how your skills can help us secure and retain underwriting capital.
Showcase Your Leadership Skills:Since this role involves leading a team, make sure to highlight your leadership experience. Talk about how you've developed teams in the past and how you plan to attract and retain talented teammates at StudySmarter.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better. Don’t miss out on this fantastic opportunity!
How to prepare for a job interview at Nexus Underwriting
✨Know Your Marine Underwriting Inside Out
Make sure you brush up on your knowledge of the marine sector and the underwriting process. Be prepared to discuss specific market wordings and clauses, as well as recent trends in the industry. This will show that you're not just familiar with the basics but are genuinely passionate about the field.
✨Demonstrate Your Leadership Skills
As a Head of Marine Underwriting, you'll need to lead a team effectively. Think of examples from your past experiences where you've successfully managed a team or project. Be ready to share how you attract and retain talent, and how you encourage ongoing development within your team.
✨Showcase Your Strategic Thinking
Prepare to discuss how you would develop and implement business plans that align with the company's strategic goals. Think about how you would maximise revenues while managing risks and compliance. This is your chance to demonstrate your analytical thinking and ability to deliver results.
✨Build Relationships Like a Pro
Relationship management is key in this role. Be ready to talk about how you've built productive working relationships with clients, brokers, and other stakeholders in the past. Highlight your strong interpersonal skills and negotiation abilities, as these will be crucial for securing new and renewal business.
