Senior Delegated Underwriting Lead
1 day ago
We are seeking a Senior Delegated Underwriting Lead to join our Operations Team in London. This role requires a minimum of 5 years of experience in the Delegated Authority space, with a strong preference for candidates possessing end-to-end knowledge of Delegated Authority agreements.
About Rokstone UnderwritingRokstone Underwriting is an established international underwriting MGA and approved Lloyd's of London coverholder. We offer brokers specialized (re)insurance solutions through our MGAs, such as Novus, iSure, and iFarm. Our dynamic culture prioritizes employee growth and development, with a focus on revolutionizing the insurance industry.
The Company offers a competitive benefits package via a flexible benefits platform. Employees can tailor their benefits according to individual needs. Employee development is key to our ongoing success, with investments in people empowering them to grow careers and advance within the Group.
Key Responsibilities- Take ownership of delegated authority facilities while overseeing the renewal process in collaboration with DA Analysts, ensuring timely and accurate placement of all facilities. Lead strategic discussions to enhance portfolio performance.
- Utilize advanced expertise to evaluate, negotiate, and manage delegated authority arrangements effectively, ensuring alignment with the company's strategic objectives and risk appetite.
This role requires:
- A minimum of 5 years of experience in the Delegated Authority space, with a strong preference for candidates possessing end-to-end knowledge of Delegated Authority agreements.
- Experience in reinsurance, specifically with a focus on binders, delegated authorities, and retrocession contracts.
- Strong knowledge of the London insurance and reinsurance market, including an understanding of market practices, key players, and regulatory frameworks.
- Proven track record in managing Delegated Authority portfolios, with a demonstrated ability to handle complex renewals and negotiate favourable terms.
- Qualification in a related field (e.g., insurance, finance, business administration) is preferred.
Estimated Salary: £80,000 - £110,000 per annum, depending on experience and qualifications.
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