In line with its ongoing growth plans, this well-established, privately-owned and financially strong Professional Risks insurance organisation seeks a talented Director of Underwriting & Business Development in London.
Headquartered in the City, and with numerous offices throughout Continental Europe, this firm is a major player within the Healthcare Liability (Medical Malpractice), PI and D&O area.
Boasting an MGA Lloyd’s Coverholder, a Lloyd’s Broker, as well as a captive Loss Adjusting arm, there are very few businesses that can rival this company’s offering. As such, it is no wonder why our client is the partner of choice for a number of Lloyd’s syndicates and insurance companies who are looking to access markets, develop distribution solutions and innovative products, and operate in complex market niches.
As the firm continues to generate year-on-year, double-digit growth, it is now expanding its business development in the UK and non-EU, and is hiring a team of London-based experienced insurance professionals.
Your role will focus on growing the brand within these territories and expanding the book of business with brokers across all appropriate classes. Leading a small underwriting team, you will identify and source business opportunities, assess, evaluate and develop the strategic plan for the territories, whilst providing general oversight of all functions to ensure operational efficacy. We must point out that whilst you will be overseeing the underwriting within the team, rates and binders are already in place, which will allow you to focus more heavily on relationship development.
Having traded very successfully for the last 20 years, this company has a robust, ‘tried and tested’ infrastructure in place, as well as very slick processes and procedures. Also embracing sophisticated technology, the company allows its broker partners to issue policies very quickly, whilst benefitting from market-leading wordings.
It is essential that you have significant experience within the Professional Risks market, ideally with a working knowledge of Healthcare / Medical Malpractice Liability. You will also have previously worked for a Lloyd’s Coverholder and/or Lloyd’s Broker and as expected, you will have an existing network of brokers who will be receptive to our client’s offering.
We must stress that this is a key piece of recruitment for this company and it is very much focused on the long-term. As such, you will not be punished with punitive and unrealistic business targets, as long as you continue to work hard and develop relationships within our client’s chosen markets. This is a company that has its employees’ best interests at heart, as well as the great financial security to focus on its long-term objectives. As an example, none of its employees were furloughed during the pandemic.
This business takes pride in its meritocratic environment, and if you are driven and ambitious, it is possible to experience very swift career progression within the company; for example, 3 of its MDs are in currently in their mid to late 30’s. Upon joining the firm, your professional development will be encouraged from day one, and you will receive quarterly appraisals, at which point, top-performers are recognised and rewarded – in addition to annual bonuses.
You will be rewarded with an attractive basic salary (commensurate with your experience), together with a comprehensive range of company benefits including a lucrative bonus and flexible-working.
If you would like to be part of this company’s success story, and are excited by the challenge of developing its portfolio, then contact James Heald in the strictest of confidence for more information.
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