Location: London Reporting to: Chief Underwriting Officer
Our client, a specialty insurance group, is looking for an experienced Portfolio Underwriting Manager to take ownership of the underwriting profitability of its portfolio. Working closely with the CUO, you will lead the selection, monitoring and performance management of the MGAs and classes of business the company underwrites.
The Role Conduct technical due diligence on around 20 MGAs, including evaluation of product design and distribution, underwriting risks and controls, historical performance, and the technical capability of MGA underwriting teams
Review and approve underwriting guidelines, pricing models, underwriting authority structures, and parameters for Binding Authority Agreements
Own monthly, quarterly and annual performance monitoring across the portfolio
Oversee MGA performance and KPIs, including pricing adequacy, adherence to Binding Authority Agreements, ultimate loss ratio and performance mix
Partner with MGAs and reinsurers on portfolio enhancements covering mix, pricing, product and terms and conditions
Lead technical audits across all classes of business
Manage exposure at class, product, geography, risk and peril level, coordinating with third-party catastrophe modellers on 1-in-250 and 1-in-500 year PML assessments as required
Review reinsurance arrangements alongside the Reinsurance Placement Officer and liaise with reinsurers on performance and MGA management
Run quarterly performance reviews with the actuarial and finance teams
Work with Program Managers on underwriting requirements
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