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SiriusPoint

Global insurance and reinsurance underwriter

Delegated Underwriting Authority Executive

UnderwritingConfirmed live in the last 24 hours
Full-timeLondon, UKNo salary listedIn-person

About the Job

Requirements

  • A bachelor's degree in Business, Insurance, Risk Management, or a related field.
  • At least 3 years of experience in program management, underwriting, or managing managing general agents in the insurance industry.
  • Strong understanding of multi-class insurance products, underwriting principles, and the role of managing general agents in distribution.
  • Knowledge of insurance regulations and best practices for program management and delegated underwriting authority.
  • Strong analytical and problem-solving skills for assessing program performance data and making data-driven decisions.
  • Excellent communication and negotiation skills for effective interaction with managing general agents, third-party administrators, and internal stakeholders.
  • Proven success in relationship management and a customer-centric approach to partnerships.
  • Project management expertise for planning, executing, and monitoring program initiatives.
  • Ability to adapt to a dynamic environment and changing market conditions.
  • Team player with leadership qualities, capable of motivating cross-functional teams.

Responsibilities

  • Build and maintain strong relationships with managing general agents, addressing their needs and concerns promptly.
  • Manage the onboarding process for new managing general agents.
  • Monitor managing general agent performance against key performance indicators and contractual obligations, identify areas for improvement, and implement action plans.
  • Collaborate with legal, underwriting, claims, and business development teams to negotiate clear contracts with managing general agents.
  • Develop and maintain requirements for managing general agents, ensuring adherence to company standards and regulations.
  • Assess and manage risks associated with managing general agents and delegated underwriting programs to mitigate potential losses.
  • Ensure managing general agent compliance with regulatory and legal requirements, aligning with company philosophies and values.
  • Conduct market research to identify emerging trends and opportunities for new program development.
  • Prepare regular reports for senior management on program performance, issues, and recommendations.
  • Support managing general agents on underwriting guidelines and product knowledge to enhance their capabilities.
  • Identify process improvement opportunities and participate in initiatives to streamline program management.
  • Serve as a key contact for delegated underwriting inquiries across all classes.
  • Ensure all managing general agents and delegated underwriting programs comply with SiriusPoint’s MGA Playbook and Policies.
  • Coordinate and attend Deal and Portfolio Committee meetings as necessary.
  • Assist in maintaining the SiriusPoint International and Syndicate audit diary for all coverholder business.
  • Conduct visits and reviews of coverholders and managing general agents as part of the audit process, involving SINT/SIMA personnel or external auditors.

Desired Qualifications

  • Advanced degrees or certifications, such as CPCU, ACII, or AINS.

About the Company

SiriusPoint

Global insurance and reinsurance underwriter

SiriusPoint underwrites insurance and reinsurance globally, helping clients transfer risk for property, casualty, and health. It uses a network of underwriting companies and partnerships with Managing General Agents to provide coverage and access to capacity. Headquartered in Bermuda with offices in New York, London, and Stockholm, it is listed on the NYSE (SPNT) and licensed to write Property & Casualty and Accident & Health globally. Its goal is to support clients and brokers in managing risk through a reliable underwriting platform backed by strong capital and ratings.

Company size
Not listed
Company stage
IPO
Headquarters
Flatts, Bermuda
Founded
Not listed

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