Head of Insurance
3 days ago
**Our Client**
Redde Northgate plc, a FTSE 250 company, came together as a merged entity in February 2020. The merger brought together Northgate plc, a leading light commercial vehicle rental business and Redde plc, a leading provider of incident and accident management,legal and other mobility services. This merger enabled the combined business to provide a comprehensive suite of mobility services, with the combined offering now spanning the lifecycle of a vehicle, from vehicle supply through repair, incident managementand disposal. In September 2020 the Group also acquired Nationwide, a network of bodyshop repair sites, which further bolstered the proposition.
The Group’s strategic aim is to become the leading integrated mobility solutions provider, with the purpose to keep customers mobile through meeting their mobility requirements.
Nigel Wright is working exclusively with Redde Northgate plc to recruit a Head of Insurance.The role offers a permanent agile working week supporting a mix of home and office-based working - ideally travelling to office location in Darlington 1-2 days perweek, with additional travel needed to other locations across the Group on an ad hoc basis.
We are looking for an experienced Head of Insurance reporting into the Director of Corporate Services.
As well as continually review the company risk profile to ensure the insurance programme is fit for purpose.
**The Opportunity**
As the Head of Insurance, you will be providing technical insurance advice and guidance to the UK Group to include assistance with annual contract negotiations, claims, policy cover, risk mitigation techniques and emerging trends.
You will manage external relationships with Brokers and Insurers.
In addition to this, you will be responsible for the following:
- Model, review and manage all insurance related financials (Budgets, cashflows, self-insured provisions)
- Review existing and/or define and implement an alternative insurance strategy for the business which includes the appointment of Insurance Brokers.
- Take responsibility for the placement of all policies to include recommendations in terms of insurer, limits of cover, retentions levels, policy wording and pricing
- Take ownership of the day-to-day claims management with our insurers and lawyers
- Build key relationships with internal stakeholders within the business (H&S, Facilities, Fleet, business operations) and ensure regular dialogue to flag issues/trends and to keep updated in terms of emerging risks or any material change that may need disclosingto insurers
- Take responsibility for gathering and sense checking all renewal data
- Record and monitor all changes to the property portfolio and oversee and co-ordinate responses for risk improvement/engineering surveys.
- Manage with Finance the insurance budgets (including premiums and self-insured retentions) and
- Take responsibility for all insurance related audits (from a claims handling and financial perspective)
**About you**
You will have experience in an insurance environment (preferably with a strong fleet background) and thrive within a fast-paced organisation.
You will need to demonstrate the below skills/ experience:
- First rate understanding of operational risk (particularly in the fleet arena) and the use of insurance or other risk transfer solutions to mitigate such risk
- Clear evidence of management experience with a successful track record of handling insurance negotiations between the business, broker, and insurers
- Proven investigative and analytical skills including problem solving and innovation
- Ability to build relationships and absorb information from a wide source of internal and external stakeholders
- High standard of communication skills and report writing
- Highly developed Excel/Analytical skills.
- Ability to work under pressure and meet tight deadlines
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