Position Summary
The Assistant Vice President, Marine is responsible for developing and executing the underwriting vision and strategy (both short and long term) for Marine written on CNA Lloyd’s Syndicate 382 platform in collaboration with the Active Underwriter, Deputy Active Underwriter and Class Managers of the Business Lines. The role is responsible for leading, maintaining and growing the identity and culture of Lloyd’s Marine.
Key Responsibilities
- Leads a team of Marine underwriters in Lloyd’s.
- Builds a high performing team with an emphasis on talent management and succession planning in accordance with corporate strategic direction.
- Analyses and manages human capital to drive increased efficiency and productivity; acts as a liaison to underwriting leadership on critical business issues and drives corporate priorities within assigned areas of responsibility.
- Drives high performance culture through leading by example and setting the tone for the organisation.
- Develops market leading products and services to drive profitable growth and position CNA as a top quartile performer.
- Provides expert level technical oversight to ensure business is written in accordance with appetites, authorities and will achieve target loss and expense ratios.
- Collaborates with claims, risk control and actuarial to ensure knowledge sharing on latest trends, and changes in underwriting strategy. Regularly interacts with internal and external business partners and stakeholders within CNA.
- Drives a superior customer experience and continuous improvement through the development and implementation of corporate initiatives involving human capital, processes and technology.
- Builds and develops strong relationships with distribution partners – brokers, MGAs/MGUs, cover holders, insurance companies, etc. Positions CNA as top quartile performer.
- Builds strong working relationships with vendors to ensure they are effectively driving the CNA brand and delivering upon the CNA value proposition.
- Builds strong and collaborative relationships between the International underwriting teams.
- Develops and executes a strategy to drive profitable growth and enhance CNA’s market position.
- Achieve gross written premium and net written premium targets.
- Achieves loss ratio targets through effective portfolio management.
- Achieves expense ratio targets by proactively managing expenses.
- In collaboration with senior leadership within CNA, develops and executes a strategy to build a superior underwriting organisation. Builds technical and operational expertise across the Segment by effectively managing both short and long term priorities to achieve superior outcomes.
- Ensures the underwriting processes and procedures are aligned with CNAF and CNA International operating model.
- Drives operational excellence and leverages technology to drive efficiency and superior underwriting outcomes
- Manages costs effectively against agreed budget within function.
- Responsible for building and maintaining a strong governance framework across the Lloyd’s market. Ensures appropriate risk management decisions are made with reference to the business. This includes:
- Staying current with territorial issues, regulations, industry activities and trends in relevant markets.
- The development and harmonisation of policies and procedures across the International Segment.
- Delegates and administers authority and ensures staff operate within delegated authority.
- Comply with all legal and regulatory requirements relevant to the role and ensure that appropriate measures are in place to deliver the activities of the function in compliance with local law and regulation. Holds regulatory accountability for underwriting as a Senior Manager.
- Represents CNA in industry trade groups.
May perform additional duties as assigned.
Skills, Knowledge & Abilities
- Proven track record of delivery in the relevant market and product class
- High level of technical knowledge around relevant products and markets
- Existing network of market relationships
- Mastery of insurance principles (legal, operations, practices and procedures) and broad understanding of the critical issues in other related areas in particular underwriting risk and financial management principles
- Strategic leadership and people management
- Advanced communication skills which are critical to building consensus across area of influence (external and/or internal relationships), team, and/or matrix environment.
- Strong leadership and management skills demonstrating integrity and professionalism and CNA Hardy’s LEAP behaviours
- Ability to work and influence in an international environment
- An additional language would be an advantage
- Ability to drive results by identifying and resolving significant problems within scope of responsibility.
- Track record of sound judgement and business acumen
- Acknowledged technical and market expert
- Acts as a role model, promoting the CNA brand and culture
Education & Experience
- Master's degree or equivalent experience with professional certifications preferred.
- Typically a minimum of ten years of related work experience with demonstrated proficiency in required skills and abilities and seven years of management experience.
The Company
CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.
