Head of Underwriting Commercial Lines and Reinsurance

Head of Underwriting Commercial Lines and Reinsurance

• Develop and implement underwriting strategies for the commercial distribution channel and reinsurance to achieve business targets.
• Lead and mentor the underwriting and reinsurance team, ensuring alignment with the company’s objectives.
• Collaborate with senior management to shape the commercial distribution strategy and identify new market opportunities.
• Oversee underwriting policies, guidelines, and risk assessments to ensure profitability and compliance with regulations.
• Evaluate and approve high-value or complex commercial cases, providing guidance to underwriters.
• Continuously monitor market trends and adjust risk appetite and underwriting practices as needed.
• Performance Management:
  • Establish performance metrics for the underwriting and reinsurance team, track performance, and drive continuous improvement.
  • Analyze underwriting data to identify trends, opportunities, and areas of improvement in the commercial portfolio.
  • Lead initiatives to enhance underwriting and reinsurance processes, efficiency, and service delivery.
• Collaboration & Stakeholder Management:
  • Build and maintain strong relationships with distribution partners, brokers, and clients to drive business growth.
  • Collaborate with the sales and product teams to develop tailored insurance solutions for the commercial market.
  • Ensure seamless communication and alignment between underwriting, reinsurance, sales, and operations teams.

Key Qualifications:

• Bachelor’s degree in Business, Finance, Risk Management, or a related field. Advanced degree (MBA or equivalent) is a plus.
• Minimum of 10 years of experience in underwriting and reinsurance, with a focus on commercial line is preferable.
• Proven track record in leading and developing underwriting and reinsurance teams.
• Strong analytical skills and deep understanding of risk assessment, pricing, and portfolio management.
• Excellent communication, negotiation, and stakeholder management skills.
• In-depth knowledge of insurance regulations, industry trends, and market dynamics.
• Strategic thinker with a strong business acumen.
• Ability to make sound underwriting decisions under pressure.
• Leadership skills with the ability to drive team performance and foster a positive work culture.
• Strong project management and problem-solving skills.
• High proficiency in insurance-related software and data analytics tools.