Job Title: Head of Millstream Marine & Senior Underwriter
Location: London
Salary: negotiable
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 busines
s.
This is a fantastic opportunity to join a growing business, with the opportunity to help drive the business forwa
rd.
Principal Duties / Responsibili
- ties:
The professional operation of the MM business in line with the agreed strategy an - d planSecuring and retaining underwriting c
- apitalDeveloping the MM business in line with the strategic requirements of the c
- ompanyRecruiting, retaining, Leading and developing the M
- M teamDeveloping and maintaining relationships with Clients, brokers and capacity pro
- vidersRepresenting B&B / MM / Nexus Underwriting to external stakeh
olders
Under
- writingDevelop, implement and maintain processes for risk analysis and the underwriting of business in line with agreed business str
- ategiesDetermine 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 stake
- holdersLiaise and negotiate with brokers to secure new and renewal b
- usinessEnsure business activities are performed in compliance with BAAs and wider market regu
- lationsManage the claims process from initial advice to settlement and make recommendations to capacity providers and
brokers
Strategic Deve
- lopment Agree the strategic approach to the marinebusiness with senior ma
- nagementAgree and implement business plans and regularly and clearly report on achievement agai
- nst planMaximise revenues against plan while operating to agreed expenditure
- budgetsTake all reasonable steps to deliver the agreed plan and monitor and report risks and issues effecting the
- deliveryWork with binder / reinsurance brokers to maintain sufficient underwriting capacity to deliver the business plan
- targetsContribute to developing and delivering the strategy and development of the wider
business
Leading
- the teamEnsure the efficient operation of the team in delivering high quality service to brokers and capacity
- providersAttract and retain talented t
- eam matesManage the MM team and encourage their ongoing de
velopment
Stakeholder m
- anagement Conduct business relationships in a professional manner conducive with the values of t
- he companyBuild productive working relationships with the other members of the B&B / Nexus Underwr
- iting teamDevelop and maintain positive relationships with brokers and distributio
- n partnersInterface with and work in the best interest of capacity providers and key
- investorsRepresent the company to the Industry, regulators, clients and other related st
akeholders
Skil
- ls required:In-depth understanding of the operation of the (re)insurance markets and M
- arine sectorIn-depth understanding of the underwri
- ting processKnowledge of market wordings
- and clausesStrong client liaison and business develo
- pment skillsStrong interpe
- rsonal skillDemonstrated ability to
- lead a teamGeneral knowledge of business operations and ad
- ministrationAnalytical thinking
- and numeracyNegoti
ation skills
For more information please apply online or contact Dan Hurley or