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SiriusPoint — London, London, City of
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. 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 You will be our Delegated Underwriting Authority Executive and will report to the Head of Program Management.
We are seeking an experienced and proactive Program Manager to join SiriusPoint, focusing on Managing General Agents (MGAs) and delegated underwriting programs. As the Program Manager for MGAs, you will be responsible for overseeing and enhancing the relationships with our MGAs, ensuring their compliance with underwriting guidelines, and driving profitable growth through effective program management. Your role will involve collaboration with various internal teams, including underwriting, claims, finance and compliance to ensure successful program implementation and ongoing performance.
Key Responsibilities
: Build and maintain strong working relationships with MGAs, acting as the primary point of contact for program-related matters and addressing their needs and concerns promptly. Manage the onboarding process for all new MGA’s. Monitor the performance of MGAs against defined key performance indicators (KPIs), contractual obligations and identifying areas for improvement and implementing action plans as needed.
Collaborate with legal, underwriting, claims and business development teams in negotiating contracts with MGAs, ensuring clear terms and obligations.
Requirements
for MGAs, ensuring adherence to company standards and regulatory
Assess and manage risks associated with MGAs and delegated underwriting programs, ensuring proper controls are in place to mitigate potential losses.
Confirming MGA’s are aligned to our philosophies and values. Conduct market research and competitive analysis to identify emerging trends and opportunities for new program development and growth. Prepare regular reports and presentations for senior management, providing updates on program performance, issues and recommendations.
Support MGAs on underwriting guidelines, product knowledge, and other relevant topics to enhance their capabilities. Identify process improvement opportunities and participate in initiatives to streamline program management and enhance efficiency. Key Accountabilities Be a key point of contact within the Business for Delegated Underwriting related enquiries across all classes.
Ensure that all MGAs and Delegated Underwriting Programs are approved in line with SiriusPoint’s MGA Playbook and Policies and Procedures. Co-ordination of and attendance at Deal and Portfolio Committee meetings, as necessary. Assist in the maintenance of the SiriusPoint International and Syndicate audit diary (and subsequent recommendations) in respect of all coverholder business.
Perform visits and reviews of coverholders / MGAs as part of the audit and regular review process. Visits can be performed by SINT / SIMA personnel, or external auditors / experts. Technical Skills Experience Bachelor's degree in Business, Insurance, Risk Management, or a related field.
, CPCU, ACII AINS) are advantageous. Proven experience (typically 3+ years) in program management, underwriting, or managing MGAs within the insurance industry.