Head of Underwriting

IDEX Consulting Ltd; United States; On-site; USD 270,000 - 330,000; Full time

Job summary

IDEX Consulting Ltd seeks a proven underwriting leader to build and own a specialist MGA platform in the US. You will bring your underwriting expertise, drive profitable growth, and assume a leadership role in shaping the portfolio, carrier relationships, and distribution strategy.

You’ll operate with autonomy and a clear path to equity participation. You’ll continue underwriting while expanding the business, working with a financially stable, debt-free organization and no unnecessary

Qualifications

• Around 15+ years’ underwriting experience.
• MGA experience or production-led role with tangible distribution.
• Track record of profitable growth.
• Clear understanding of portfolio performance and loss ratios.
• Ambition to build something meaningful.

Responsibilities

• Own and grow a specialist underwriting business as if it were your own.
• Make autonomous decisions with support from experienced MGA operators.
• Maintain underwriting activity and broker relationships while scaling profitability.

Skills

Underwriting leadership

MGA experience

Profit growth

Broker relationships

Portfolio performance

Job description

There's the usual MGA Program Lead roles, then there is this one! Comp structure up to $300k + equity for you to become Head of Underwriting for your own program, joining a firm who have a serious track record of building credible, high performing underwriting teams.

You've helped grow someone else's business and be given a fairly modest bonus for your efforts.

The question is...

When do you start building your own? Still with a strong compensation plan, but some ownership and timescales when you can take cash off the table.

We're partnering with a privately-owned, award winning and very well established specialty MGA looking for proven underwriting leaders who want more ownership, more influence and a genuine share in the value they create.

Not stock options that may never mean anything.

Not a promise of future opportunity.

Actual equity participation in the vertical you help build.

This is joining an MGA with an already successful platform in the US, UK and wider Europe.

This is for underwriters who know how to create profitable growth and are ready to have a bigger stake in the outcome.

The opportunity

Join an established MGA platform with the infrastructure, carrier relationships and distribution strategy already in place, whilst having the autonomy to build and grow a specialist underwriting business as if it were your own.

You’ll have the freedom to make decisions.

The support of experienced MGA operators.

The backing of a financially stable business with no debt and no private equity ownership.

And importantly, you’ll still be underwriting.

We're looking for builders, not passengers.

People who enjoy winning business, managing broker relationships and growing profitable portfolios, not individuals looking to spend their days in management meetings.

Who we’re interested in

Typically, you’ll have:

Around 15 plus years’ underwriting experience

Existing MGA experience or have been a production led role and have tangible distribution

A track record of profitable growth

A clear understanding of your portfolio performance and loss ratios

The ambition to build something meaningful

Priority areas include:

• Specialty & Distressed Property
• Inland Marine
• Sports and Leisure
• Surety
• Allied Health
• Brown Water Marine
• Equine
• Specialty EPI Programmes
• Other niche lines which are profitable

We’re also interested in senior underwriters within:

• Professional Liability

Ownership

Few underwriting opportunities offer genuine participation in the value you create. This one does.

Freedom

No corporate layers. No endless committees. No unnecessary bureaucracy.

Stability

Privately owned. Debt free. Built for the long term.

Culture

Talented people. Low ego. High accountability.

On offer will be a salary up to $300,000 plus bonus/profit share, intentions to grow a $50million plus business in 3-5 years time with a target 50% or better loss ratio.

The business operates a simple rule: no politics, no prima donnas, just good people building profitable insurance businesses together.