Head of Underwriting

IDEX Consulting Ltd; United States; On-site; USD 250,000 - 350,000; Full time

Job summary

IDEX Consulting Ltd is partnering with a privately-owned MGA to offer a leadership opportunity for senior underwriters who want equity participation and real ownership in a growing platform across the US, UK and Europe. You will lead growth in specialty lines with a clear equity path and a no-debt, cash-backed parent backing.

You’ll continue underwriting while building a business with support from seasoned MGA operators, aiming to reach a $50M+ portfolio in 3–5 years with strong profitability

Qualifications

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

Responsibilities

• Join an established MGA platform and build/grow a specialist underwriting business as if it were your own
• Make autonomous decisions with support from experienced MGA operators
• Manage broker relationships and grow profitable portfolios
• Drive profitable growth and maintain strong loss ratios

Skills

Underwriting

MGA experience

Profit growth

Portfolio performance

Job description

There's the basic MGA Program Lead roles, then there is this one!

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

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.