Delegated Underwriting Authority Executive

SiriusPoint; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

SiriusPoint, a Bermuda-headquartered specialty insurer, is seeking a Delegated Underwriting Authority Executive to partner with MGAs and drive profitable growth through effective program management. This role reports to the Head of Program Management and collaborates across underwriting, claims, finance, and compliance.

Ideal candidates have a bachelor’s degree in a related field, 3+ years in program management or MGA management, and strong analytical, negotiation and leadership skills for

Qualifications

• Bachelor's degree in Business, Insurance, Risk Management, or related field.
• 3+ years in program management, underwriting or MGA management in the insurance industry.
• Knowledge of MGA regulations, multi-class products and distribution.

Responsibilities

• Build and maintain relationships with MGAs and address their needs.
• Onboard new MGAs and monitor performance against KPIs.
• Collaborate with legal, underwriting, claims and BD to negotiate contracts.
• Develop MGA requirements and ensure adherence to standards.
• Assess risks and manage delegated underwriting programs.
• Ensure regulatory compliance and alignment with company values.
• Prepare reports on program performance for senior management.
• Support MGAs with underwriting guidelines and product knowledge.

Skills

Analytical thinking

Negotiation skills

Communication skills

Project management

Leadership

Education

Bachelor's degree in Business, Insurance, Risk Management, or related field

CPCU/ACII/AINS or advanced certification

Job description

Who We Are SiriusPoint is a specialty underwriter providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and program managers. With over $3.0 billion total capital, SiriusPoint's operating companies have a financial strength rating of A from AM Best, Fitch and S&P, and A3 from Moody's.

Who We Are SiriusPoint is a specialty underwriter providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and program managers. With over $3.0 billion total capital, SiriusPoint's operating companies have a financial strength rating of A from AM Best, Fitch and S&P, and A3 from Moody's.
Join Our Team We are looking for a Delegated Underwriting Authority Executive to report to the Head of Program Management at SiriusPoint.
As a proactive Program Manager focused on Managing General Agents (MGAs) and delegated underwriting programs, you will enhance relationships with MGAs, ensure compliance with underwriting guidelines, and drive profitable growth through effective program management. Collaboration with internal teams, including underwriting, claims, finance, and compliance, will be essential for successful program implementation and performance.

Key Responsibilities

• Build and maintain strong relationships with MGAs, addressing their needs and concerns promptly.
• Manage the onboarding process for new MGAs.
• Monitor MGA performance against KPIs and contractual obligations, identifying areas for improvement and implementing action plans.
• Collaborate with legal, underwriting, claims, and business development teams to negotiate clear contracts with MGAs.
• Develop and maintain requirements for MGAs, ensuring adherence to company standards and regulations.
• Assess and manage risks associated with MGAs and delegated underwriting programs to mitigate potential losses.
• Ensure MGA compliance with regulatory and legal requirements, aligning with our 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 MGAs on underwriting guidelines and product knowledge to enhance their capabilities.
• Identify process improvement opportunities and participate in initiatives to streamline program management.

Key Accountabilities

• Serve as a key contact for Delegated Underwriting inquiries across all classes.
• Ensure all MGAs 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/MGAs as part of the audit process, involving SINT/SIMA personnel or external auditors.

Technical Skills & Experience

• Bachelor's degree in Business, Insurance, Risk Management, or a related field; advanced degrees or certifications (e.g., CPCU, ACII AINS) are a plus.
• 3+ years of experience in program management, underwriting, or managing MGAs in the insurance industry.
• Strong understanding of multi-class insurance products, underwriting principles, and the role of MGAs 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 MGAs, TPAs, 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.

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United behind common goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class underwriter utilizing deep risk capabilities to protect our customers. Blending our talent, expertise, and data to provide intelligent risk solutions.

Our culture is one of performance and accountability. Our people are our experts, and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.

Our Values

• Integrity: Integrity, respect and trust are our core principles
• Customer Focused: Our customers are the reason we exist
• Solution Driven: Creating solutions is our mindset
• Diversity: Diversity, inclusion and allyship make us stronger
• Collaboration: Collaboration drives outperformance

Why Should You Join SiriusPoint?

Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment. Our Values - Integrity, Customer Focused, Solution Driven, Diversity, and Collaboration - are at the heart of our business, and they guide our everyday actions and decision making. We also unite our global team behind common goals, ensuring you can make a meaningful impact.

We Achieve More Together

At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.

We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.

We are unable to sponsor or take over sponsorship of an employment visa at this time.