Chief Executive Officer - Underwriting

Chief Executive – MGA (Insurer-Backed) | £45m → £130m GWP | Substantial Equity Participation

Location: London (flexible on candidate base)Reporting to: Group CEOSalary: Circa £140,000 - £160,000 + £8,000 car allowance + 30% bonusEquity: Very substantial, seven-figure equity participationSearch Status: This role is retained with me exclusivelyThe BusinessOur client is an £80 million revenue, £22.5 million profit, 740-person insurance group with a genuine challenger positioning and a clear mission: to change the insurance marketplace for the better.Building out the group's MGA business is the number one strategic priority for the next three-year period, and the Group CEO is now seeking a Chief Executive to lead that transformation.The MGA Today£45 million GWPCore lines: financial lines, non-standard commercial risks, and specialist private client productsStrong, long-standing capacity relationships including AXA, Hiscox and LibertyCurrently profitable and well-run, with a solid platform to build fromThe OpportunityThis is a build-and-scale mandate.

The successful candidate will lead the MGA through an ambitious three-year growth plan, targeting an increase from £45 million to £130 million GWP.Key elements of the strategy include:Merging two recently acquired businesses (currently trading separately) under a single new brandDesigning and implementing a new technology platform to support scaleDriving growth organically through existing and new product lines, and new underwriting teamsPursuing further bolt-on acquisitionsRebalancing distribution so that 75% of business is sourced through third-party brokersLeading a period of significant organisational and cultural changeThe RoleThis is a senior, board-level appointment. The successful candidate will:Report directly to the Group CEOSit as a member of the Group ExecutiveTake full P&L and operational ownership of the MGA businessBe responsible for setting and executing strategy, not underwriting personallyBuild and lead a high-performing senior team through a period of rapid growth and integrationRepresent the MGA externally with brokers, capacity providers and the wider marketCandidate ProfileWe are looking for a commercially-minded business leader, not an underwriter looking to step up. The ideal candidate will bring:A strong entrepreneurial track record, with the ability to build and scale a business, not just manage an existing bookGenuine insight into underwriting and risk, with credible insurer-side (capacity) experience — this is not a role for a broker "masquerading" as an MGA leaderExperience gained within an MGA, insurer, or composite provider is all of interest, provided the mindset is right — composite backgrounds are welcomeA demonstrable track record of leading change and transformation, ideally including M&A integration, rebrand, or technology-led business transformationStrong stakeholder management skills, credible at Group Executive and Board levelThe gravitas and commercial acumen to build relationships with third-party brokers and capacity partners at a senior levelCompensation & PackageBase salary: circa £140,000 - £150,000Car allowance: £8,000Bonus: up to 30%Equity: a very substantial, seven-figure equity opportunity forming a core part of the overall packageFull benefits package in line with a group of this sizeLocation & ProcessThe business's operational epicentre is Whitechapel, London, though the Group CEO is flexible on where the successful candidate is based day-to-day.The process will begin with either an initial Teams call or a face-to-face meeting in London, at the candidate's preference.How to ApplyThis search is being handled on a retained and confidential basis. For a confidential discussion about this opportunity, please contact Ian at IDEX directly.